Breakdown of the Rs 20 lakh crore package under the Atmanirbhar Bharat Abhiyan (Third fourth and fifth Tranches).
May 15, 2020: Finance Minister announces Tranche 3 of Atmanirbhar package:
Size of the package: Rs 1.5 lakh crore (0.75% of GDP)
Of which:
- Financing facility for agri infrastructure projects: Rs 1,00,000 crore
- Scheme for formalisation of Micro Food Enterprises: Rs 10,000 crore
- Funding for fishermen through PM Matsya Sampada Yojana: Rs 20,000 crore
- Animal Husbandry Infrastructure Development Fund to be set up: Rs 15,000 crore
- Promotion of Herbal Cultivation: Rs 4,000 crore
- Beekeeping initiatives: Rs 500 crore
- Operation Green to be extended to all vegetables: Rs 500 crore
- Policy reforms: Essential Commodities Act to be amended, agriculture marketing to be freed up.
Fiscal Cost to the Central Govt: Rs 30,000 crore (0.15% of GDP)
PM Matsya Sampada Yojana: Ministry of food Processing Industries.
Two components namely,
1. Central Sector Scheme (CS).
2. Centrally Sponsored Scheme (CSS) . This is further divided in to Non-beneficiary oriented and Beneficiary orientated sub¬components/activities under the following three broad heads:
- Enhancement of Production and Productivity
- Infrastructure and Post-Harvest Management
- Fisheries Management and Regulatory Framework
- Time period: 5 years from FY 2020-21 to FY 2024-25.
Impact:
- Blue Revolution through sustainable and responsible development of the fisheries sector in India.
- Direct gainful employment opportunities to about 15 lakh fishers, fish farmers, fish workers, fish vendors.
- Doubling of fishers, fish farmers and fish workers incomes by 2024.
- Animal Husbandry Infrastructure Development Fund:
- Animal Husbandry Infrastructure Development Fund’ worth Rs 15,000 crore to support private investment in dairy processing, value addition and cattle feed infrastructure.
- The incentives will be given for establishing plants for exports of niche products.
National Beekeeping Honey Mission:
- Government has set up the National Beekeeping Honey Mission to overcome the crisis in the field and enhance the beekeeping industry in India.
- It covers all aspects of beekeeping – training, production, marketing and exports etc.
Operation Green:
- A scheme for integrated development of Tomato, Onion and Potato (TOP) value chain.
- To strengthen TOP production clusters and their FPOs, and linking/connecting them with the market.
- Price stabilisation for producers and consumers.
- Reduction in post-harvest losses by creation of farm gate infrastructure.
- Increase in food processing capacities and value addition in TOP value chain.
Essential Commodities Act:
If the central government is of opinion that it is necessary for maintaining or increasing supplies of any essential commodity, securing their equitable distribution and availability at fair prices or securing any essential commodity for the defence of India, it may provide for regulating or prohibiting the production, storage, supply and distribution and trade and commerce therein.
Products like pulses and edible oils, drugs, fertilisers, and petroleum and petroleum products etc.
May 16, 2020: Finance Minister announces Tranche 4 of Atmanirbhar package.
Size of the package: Rs 8,100 crore (0.04% of GDP)
Fiscal Cost to the Central Govt: Rs 8,100 crore Viability Gap Funding (0.04% of GDP).
May 17, 2020: Finance Minister announces Tranche 5 of Atmanirbhar package.
- New policy for public sector enterprises, strategic sectors to be notified in which there will be at least one, but not more than four, PSEs in addition to private players.
- Limit of state borrowings increased to 5% of GSDP from 3% of GSDP; but only 0.5% of it (Rs 1.07 lakh crore) can be raised conditionally.
- MGNREGA gets an additional Rs 40,000 crore
- Fiscal cost to the Centre: Rs 40,000 crore (0.2% of GDP)
MGNREGA:
- It is the largest social security scheme in the world — guaranteeing 100 days of unskilled manual work to all rural households in India.
- The MGNREG Act actually gives rural households the right to work — making it obligatory for the State to give them work on demand.
- The work is usually on projects to build durable assets like roads, canals, ponds and wells.
Source:” Indian Express“.
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