Sitharaman reviews implementation of Aatma Nirbhar Bharat package

at 5:36 pm
Capital Expenditure
Finance Minister Nirmala Sitharaman (File)

New Delhi (NVI): Union Finance Minister Nirmala Sitharaman today reviewed the implementation of Aatma Nirbhar Bharat package with Secretaries of all Ministries/Departments concerned.

In a statement, the Finance Ministry said that Rs 21,000 crores of MSME dues have been paid in past seven months since May 2020 by the Central government agencies and Central Public Sector Enterprises (CPSEs).

“Over Rs 21,000 crores of MSME dues have been paid in past 7 months since May 2020 by the Central government agencies and CPSEs,” according to the Ministry’s statement.

“The highest level of procurement was achieved in October of over ₹5,100 crores and payment of over ₹4,100 crores. Going by the reports received in the first 10 days for November 2020, this level of performance is expected to be surpassed as procurement of about ₹4,700 crores and payment of about ₹4,000 crores have already been reported,” it added.

To recall, on May 12 this year, Prime Minister Shri Narendra Modi announced a special comprehensive economic package to fight the COVID-19 pandemic in India. He gave a clarion call for AatmaNirbhar Bharat Abhiyan or a Self-Reliant India Movement, the Finance Ministry said. He also outlined five pillars of AatmaNirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand.

Following the announcement, the Finance Minister presented the details of the AatmaNirbhar Bharat Package 1.0 in a series of press conferences from 13th May 2020 to 17th May 2020. Subsequently, she announced AatmaNirbhar Bharat Package 2.0 on 12th October and AatmaNirbhar Bharat Package 3.0 on 12th November 2020.

The Ministries and Departments concerned immediately started implementing the announcements under the 3 Aatma Nirbhar Bharat Packages (ANBP). The progress of implementation is being reviewed and monitored regularly, almost on a daily basis, according to the Ministry.

-ARK