Lok Sabha Question No. 1101 (UNSTARRED), answered on 2024-07-29
Subject: Atmanirbhar Bharat Abhiyan
Ministry: FINANCE
Asked by: Shri Magunta Sreenivasulu Reddy

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 1101

TO BE ANSWERED ON MONDAY, JULY 29, 2024/7 SHRAVAN, 1946 (SAKA)

## 'Atmanirbhar Bharat Abhiyan'

## 1101: SHRI MAGUNTA SREENIVASULU REDDY :

Will the Minister of FINANCE be pleased to state:

- a) the details of the achievements of the Atmanirbhar Bharat Abhiyan in support of postCOVID-19 economic recovery;
- b) the specific sectors that have been benefitted from this initiative; and
- c) the details of the future plans to further support self-reliance in key industries?

## ANSWER

## MINISTER OF STATE (FINANCE) (SHRI PANKAJ CHAUDHARY)

(a) to (c): The Government of India had announced Atma Nirbhar Bharat Packages 1.0, 2.0, and 3.0  on  13 th May,  2020  to  17 th May,  2020,  12 th   October,  2020  and  12 th   November  2020 respectively with the objective of fighting COVID-19, providing support to various sectors and to make the country self-reliant. These are mostly long-term measures for laying the foundation for a self-reliant and resilient economy, and promoting sustainable economic growth.  A Statement indicating  some  of  the  key  achievements  of  the  Package  is  at Annexure .  The  government considers the requirement of the economy after taking holistic view of all factors and formulates various policies and schemes to make India self-reliant.

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## Statement referred to in reply to (a) to (c) of LSUSQ No.1101 for answer on 29.7.2024

## Some of the key achievements of announcements made under Atma Nirbhar Bharat Packages:

1. Under the Emergency Credit Line Guarantee Scheme for businesses, including Micro, Small  and  Medium  Enterprises  (MSMEs),  guarantees  amounting  to  Rs.  3.68  lakh  crore  has been issued, benefitting 119.5 lakh borrowers till the closure of the scheme on 31.03.2023. In order  to  provide  subordinate  debt  for  stressed  MSMEs,  Rs.  157  crore  has  been  released  to Credit Guarantee Fund Trust for MSMEs till 31.03.2023. Additionally, 53 Daughter Funds have been empanelled with NSIC Venture Capital Funds Limited (Mother Fund) for equity infusion into MSMEs. These Daughter Funds have assisted 450 potential MSMEs by way of investing Rs. 8,353 crore in these MSMEs.
2. The  Special  Liquidity  Scheme  was  launched  to  improve  the  liquidity  position  of  NonBanking  Financial  Companies  (NBFCs)/  Housing  Finance  Companies  (HFCs)/  Micro  finance Institutions (MFIs) through a Special Purpose Vehicle. Under the Scheme, Rs. 7,227 crore was disbursed till the closure on 30.09.2020.
3. Partial  Credit  Guarantee  Scheme  2.0  for  Liabilities  of  NBFC/  MFIs  was  launched  to provide portfolio guarantee for purchase of Bonds or Commercial Papers (CPs) with a rating of AA  and  below  issued  by  NBFCs/  HFCs/  MFIs  by  Public  Sector  Banks  (PSBs).  PSBs  had purchased  portfolio  of  Bonds/CPs  of  Rs.  22,217  crore  under  the  Scheme  with  a  Guarantee implication of Rs. 4,443 crore till the closure on 31.12.2020.
4. In  addition  to  the  Production  Linked  Incentive  (PLI)  Scheme  in  3  sectors  announced earlier  in  March,  2020,  Government  further  introduced  the  PLI  Schemes  in  10  sectors  in November,  2020  under  the  Atma  Nirbhar  Bharat  Package.  One  more  sector  was  added  in September, 2021. An outlay of Rs. 1.97 lakh crore has been earmarked across sectors under the PLI Scheme. As on 31.05.2024, the actual investment of over Rs. 1.28 lakh crore has been reported  across  14  sectors  and  the  production/  sales  of  over  Rs.  10.80  lakh  crore  reported under 12 sectors. Further, this has generated employment of over 8.5 lakhs (Direct & Indirect).
5. An  outlay  of  Rs.  8,100  crore  has  been  approved  for  continuation  and  revamping  the Scheme for  financial  support  to  Public  Private  Partnerships  (PPPs)  in  Viability  Gap  Funding Scheme till 2024-25 to promote PPPs in social infrastructure.
6. Rs.  3,000  crore  has  been  released  to  EXIM  Bank  for  promotion  of  project  exports through Lines of Credit under IDEA Scheme.
7. Immediate relief was provided to tax payers by way of reduction in various tax rates and extension of the due dates of tax related compliances.
8. 27 State Governments benefitted under a special interest-free 50-year loan Scheme of Rs. 12,000 crore to boost capital expenditure.
9. As part of the Atma Nirbhar Bharat Package, Rs 1.35 lakh crore concessional credit was provided to 1.5 crore farmers, including fishermen and dairy farmers under Kisan Credit Card Scheme.  Further,  approx.  Rs.  24,399  crore  has  so  far  been  sanctioned  and  disbursed  by National Bank for Agriculture and Rural Development to rural financial institutions to meet the emergency working capital and credit needs of farmers.
10. For funding agriculture infrastructure projects at farm-gate & aggregation points (Primary Agricultural Cooperative Societies, Farmers Producer Organizations, agriculture entrepreneurs, Start-ups, etc.), an amount of Rs. 45,852 crore for 71,802 applications has been sanctioned.
11. As a part of Atma Nirbhar Bharat Package, defence production of Rs. 1.27 lakh crore has been achieved in 2023-24 including defence exports of Rs. 21,083 crore. Foreign Direct Investment limit  in  defence  production  has  been  raised from  49% to  74%.  Corporatisation  of Government  ordnance  factories  has  been  completed  and  7  new  defence  public  sector undertakings have become operational.
12. The liquidity infusion package for power distribution companies was launched wherein Rs. 1.33 lakh crore worth of loans has been sanctioned and Rs. 1.12 lakh crore has already been disbursed.
13. As  part  of  Atma  Nirbhar  Bharat  Package,  8  lakh  MT  free  foodgrain  was  allocated  to benefit approximately 8 crore migrants, who were not covered under the National Food Security Act or State Scheme PDS Cards, @ 5 kg per person per month free of cost for two months (May & June, 2020) during COVID-19 situation.
14. The  One  Nation  One  Ration  Card  (ONORC)  plan  has  been  implemented  under  the Atma Nirbhar Bharat Package with objective of nationwide portability of the ration cards, issued under  the  National  Food  Security  Act,  2013.  The  ONORC  plan  is  now  enabled  in  all  the  36 States/ UTs covering around 80 crore beneficiaries.
15. For 2% interest subvention for 12 months for Shishu MUDRA loanees, Rs. 637 crore was  disbursed  by  Small  Industries  Development  Bank  of  India  to  the  Member  Lending Institutions  for  onward  credit  into  the  loan  accounts  of  eligible  borrowers  till  its  operation  on 31.08.2021.
16. PM  Street  Vendor's  AtmaNirbhar  Nidhi  (PM  SVANidhi)  was  launched  for  economic upliftment of Street Vendors by extending loans to them. A sum of Rs. 11,741 crore has been disbursed to 64.78 lakh Street Vendors under the Scheme.
17. Through  extension  of  Credit  Linked  Subsidy  Scheme  under  Pradhan  Mantri  Awas Yojana-Urban,  an  amount  of  Rs.  58,868  crore  has  been  disbursed  to  25  lakh  beneficiaries/ families till June 2024 to facilitate housing sector.
18. An outlay of Rs. 13,343 crore has been provided for the period 2019-24 under National Animal Disease Control Programme. More than 52 crore animals for Foot and Mouth Disease and  2.69  crore  animals  for  Brucella  are  vaccinated.  Further,  under  the  Animal  Husbandry Infrastructure Development Fund (AHIDF), loan amount of Rs. 7,740 crore has been sanctioned to individual entrepreneurs, private companies, MSME, Farmers Producers Organizations and Section 8 companies and approximately 15 lakh farmers has benefitted.
19. Various  steps  for  the  development  of  civil  aviation  sector  have  been  taken  under Regional Connectivity Scheme - UDAN. 14 airports in the country are currently operated under Public Private Partnerships.
20. A  total  borrowing  permission  of  Rs.  3.2  lakh  crore  was  given  to  States  by  increasing their borrowing limits from 3% to 5% for 2020-21.
21. The Aatma Nirbhar Bharat Rozgar Yojana (ABRY) was announced as a part of Aatma Nirbhar Bharat package and implemented through the Employees Provident Fund Organization to reduce the financial burden of the employers of various sectors/industries. As on 31.03.2024, total benefits of Rs. 10,188 crore have been given to 60.49 lakh beneficiaries through 1.53 lakh Establishments under ABRY.

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