PM Modi Announces Rs 20 Lakh Cr Package To Make India Self-Reliant In COVID-19 Crisis

Bhubaneswar: Prime Minister Narendra Modi on Tuesday said that the only way out of this unprecedented crisis is a self-reliant India and announced an economic package of Rs 20 lakh crore to propel the country on the path to self-reliance. The Special economic package is for our labourers, farmers, honest tax payers, MSMEs and cottage industries, said Modi while addressing the nation today.

The package includes the previous announcements made by RBI and in total accounts for nearly 10% of India’s GDP.

PM Modi announces Atmanirbhar Bharat Abhiyan economic package of Rs 20 lakh crore, which is 10% of GDP#SelfReliantIndia #AtmanirbharBharat pic.twitter.com/rx2y1CYYAH

— OTV (@otvnews) May 12, 2020

There is unprecedented crisis but India will neither get tired nor give up the fight against coronavirus, and asserted that "we have to protect ourselves and move ahead as well". India is standing on five pillars --economy, infrastructure, governing systems, vibrant democracy and supply chain.

Be Vocal for Local!

We should not only consume local products but also promote them; today's global products were once local & we can make our local products global brands: PM Modi #VocalForLocal #AtmanirbharPackage #PMModi #AtmanirbharBharat #SelfReliantIndia pic.twitter.com/Be7YAOUzWe

— OTV (@otvnews) May 12, 2020

While addressing the nation, PM Modi revealed that the lockdown 4.0 will completely new and based on the suggestions of the States.

Soon after the announcement of the economic package, Union Minister Prakash Javadekar said, "20 Lakh crore package announced by PM Narendra Modi  is biggest package India has ever seen. Aatmanirbharta (self reliance) is the new mantra."

I support Vocal For Local. #AatmanirbharBharat pic.twitter.com/jTjs71xcLg

— Piyush Goyal (@PiyushGoyal) May 12, 2020

Earlier, the Prime Minister said that even though the situation in the country is unprecedented, humanity will not accept defeat from the pandemic.

"The humankind will not deter. We will have to further firm up our resolve, protect ourselves and march forward," he added.

He said when the crisis began, the country did not manufacture a single PPE and only a few N95 masks were available. "Today two lakh PPE kits and two lakh N95 masks are manufactured in India daily."

The Prime Minister said during the challenging time, Indian medicines have come out as a ray of hope. "Due to this step, India is being praised across the world and the Indians feel proud. The world has started believing that India can perform much better."

"From today onwards, all Indians should be vocal about local. They shouldn't only buy local products but should equally advertise them with pride," he said. Referring to India's response to his appeal to buy khadi products, he suggested that it's time to buy local.

He passingly referred to the Kutch earthquake to stress Indians' resolve. "We never thought Kutch could never stand on its feet. But it did. If we Indians determine to do so, nothing stops us," he said.

(With Agency Inputs)