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Atmanirbhar Bharat Abhiyan (Tranche 3)
15 May 2020Unveiling the third tranche of the INR 20 lakh crore economic package under the Atmanirbhar Bharat Abhiyan, Finance Minister Nirmala Sitharaman’s announcements today focused on strengthening India’s agriculture and allied activities sector; she also introduced governance reforms. The three tranches of stimulus announced so far are aimed at empowering people to help them become self-sufficient and earn livelihoods.
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From the CEO’s desk “The FM announced some big and bold moves today, which will give further impetus to doubling farmer income. INR 1.63 lakh crore to agriculture and allied sectors will help build efficiency of farm-to-fork distribution, boost exports and enable import substitution.” Vishesh C. Chandiok, CEO, Grant Thornton India |
Key highlights from the announcement
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INR 100,000 crore for strengthening farm gate infrastructure |  |
INR 10,000 crore fund for micro-food enterprises to encourage export of locally made products |
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INR 20,000 crore fund under Pradhan Mantri Matsya Sampada Yojana for integrated, sustainable, inclusive development of marine and inland fisheries |  |
INR 15,000 crore fund to support and develop dairy infrastructure and cattle-feed infrastructure |
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INR 4,000 crore allocated to support farmers growing herbal and medicinal plants along River Ganga |  |
INR 500 crore to support beekeeping initiatives |
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The Essential Commodities Act (1955) amended to tackle abundant crop |  |
INR 500 crore subsidy to support disruption of supply chain of fruits and vegetables |
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Farmers to be given a choice to sell; inter-state and e-trade to be facilitated |  |
Development of a legal framework to assist farmers fix their own price |
