Aatm Nirbhar Bharat Abhiyan in India is the stimulus package worth Rs 20 lakh crore that got allotted for different sectors to impede this pandemic's adverse effects. It is an economic relief package that has emerged as a light at the end of the tunnel for various uprooted sectors and people. As the name suggests, Aatm Nirbhar Bharat scheme aims at making the people of India and the Nation self-sufficient in every manner by relying more on local goods rather than imported goods. The scheme facilitates to convert the period of crisis into opportunity by availing the means of livelihood, reliefs, and exemptions to many.
Addressing the press conference on 12 November, Finance Minister of India Nirmala Sitharaman announced 12 new fresh stimulus measures that can be called the subsequent step in the series of stimulus announcements - Atmanirbhar Bharat 3.0. The intent of this announcement is to give a much-needed boost to COVID-19 hit economy and stimulate employment in the formal as well as the informal economy, enriching ease of doing business, prolonging the deadline for the CLGS Scheme (Credit Line Guarantee Scheme), upgrade housing infrastructure, etc.