The Atmanirbhar Bharat Scheme announced by the Government helps in:
1. Enhancing India's manufacturing capabilities and exports across the industries
2. Incentivizing foreign investments for domestic production
Select the answer using the code given below:

Correct option is C

The correct answer is (c) Both 1 and 2.
The Atmanirbhar Bharat Scheme (Self-Reliant India Scheme) announced by the Government of India aims to make India self-reliant by boosting local manufacturing, enhancing exports, and attracting foreign investments for domestic production. The initiative focuses on multiple sectors, including infrastructure, manufacturing, agriculture, and MSMEs (Micro, Small, and Medium Enterprises), with the goal of strengthening the Indian economy and reducing dependency on imports.
Enhancing India's manufacturing capabilities and exports across the industries: This statement is correct. One of the primary goals of the Atmanirbhar Bharat initiative is to strengthen India’s manufacturing sector and boost exports by providing incentives, improving infrastructure, and ensuring access to credit for businesses. By encouraging the development of industries and improving productivity, the scheme aims to make Indian products competitive in the global market.
Incentivizing foreign investments for domestic production: This statement is also correct. The scheme includes various policies and incentives aimed at attracting foreign direct investment (FDI) to set up manufacturing units in India. These efforts are intended to create jobs, enhance technology transfer, and make India a global manufacturing hub. Programs like Production Linked Incentive (PLI) schemes are part of this initiative to boost domestic manufacturing by providing financial incentives for companies investing in local production.
Information Booster:
● The Atmanirbhar Bharat Abhiyan emphasizes the need for self-reliance by enhancing local production and reducing import dependence in various sectors, including electronics, defense, and pharmaceuticals. ● The Production Linked Incentive (PLI) scheme is a key component of the initiative, aiming to attract global manufacturers to set up facilities in India by providing incentives based on the production output. ● The initiative also focuses on creating infrastructure and providing support for MSMEs to expand their capabilities and access global markets. ● The government has taken measures to ease regulations, improve the business environment, and facilitate foreign investments to drive economic growth and self-reliance.