Atmanirbhar Bharat Abhiyan: Since the time before independence, India has been working to increase its level of autonomy through initiatives like the Swadeshi movement. However, the COVID-19 problem and the following lockout severely negatively impacted the Indian economy and enterprises. Following this crisis, Indian Prime Minister Narendra Modi, therefore, introduced the Aatmanirbhar Bharat program to strengthen India’s independence so that it might recover.

Atmanirbhar Bharat Abhiyan

Current Indian Prime Minister Narendra Modi has always emphasized achieving economic success and a “self-reliant India,” specifically. Around the turn of 2020, there was a sudden pandemic that put the majority of nations on complete lockdown. Naturally, most industries saw a sharp decline in sales, and businesses suffered sizable losses.

What Is AtmaNirbhar Bharat Abhiyan?

Against this backdrop, the PM unveiled the Aatma Nirbhar Bharat program. Despite this crisis, it was a 20 lakh crore economic package to boost India’s economy. With this package, the mission primarily focused on five elements: the economy, infrastructure, systems, a vibrant demographic, and demand. AatmaNirbhar Bharat Abhiyan is also aggressively pursued by the Ministry of Tribal Affairs (MoTA) through self-sufficient programs and regulations.

Objectives of AtmaNirbhar Bharat Abhiyan

The AatmaNirbhar Bharat Abhiyan can successfully recover from an economic catastrophe following COVID-19 and increase the independence of Indian citizens. Check out the plan’s objectives below if you still need clarification about the results you can expect from it.

• Bolster domestic producers and service providers to boost the country’s sense of independence
• By concentrating on the trade deficit and the exchequer balance, you can raise the standard of living.
• Increased fiscal stimulus will revitalize all aspects of the economy.
• Having a concentration on land, labor, liquidity, and laws and an emphasis on independence
• Give small enterprises and farmers who suffered losses from COVID-19 special incentives and funding equal to 10% of the Indian GDP.

Features of AtmaNirbhar Bharat Abhiyan

While the primary goal of the AatmaNirbhar Bharat scheme is to make India self-sufficient, it also encompasses several additional initiatives and characteristics. Self-sufficiency typically involves a protracted and challenging effort. You can gain a deeper understanding of the AatmaNirbhar Bharat Abhiyan by learning more about its subsidiary initiatives and features.

Businesses and MSMEs

The AatmaNirbhar Bharat scheme’s initiatives help enterprises, including cottage industries, MSMEs, laborers, middle-class families, etc. The Pradhan Mantri Garib Kalyan Package of Rs. 1.70 lakh crores is a relief package for the underprivileged to aid in the fight against COVID-19. Additionally, efforts have been made to extend the deadline for filing income tax returns, GST filings, customs clearance, etc. Businesses, including MSMEs, can apply for business loans with a maximum balance of 25 crores and a 100 crores annual revenue.

Poor and Backward Classes

The government has given a total of 4.22 lakh crore loans in agriculture to about three crore farmers. About 80 crore poor people will receive 5 kg of food or wheat per head for the next three months, while the healthcare workers will receive insurance cover worth 50 lakhs. Other initiatives include:

Giving unrestrained gas cylinders to 8 crore low-income families.

Opening 20 million Jan Dhan accounts for women.

Giving Employee Provident Fund EPF a 75% non-refundable advance.

Additionally, the state governments want to use the State Disaster Response Fund (SDRF) to build migrant shelters and supply them with daily necessities. The AatmaNirbhar Bharat Abhiyan’s scheme specifics mention giving a Revolving Fund (RF) to Help Groups.

Agricultural Features

Consider the AatmaNirbhar Bharat Abhiyan’s focus on agricultural operations in India to understand more about it. Over three crore farmers will receive assistance totaling 30,000 crores through NABARD’s Additional Emergency Working Capital for Farmers program. With an investment of 1 lakh crores for farm-gate infrastructure, the PM KISAN Fund has surpassed 18,700 crores. The government has also created a plan worth 10,000 crores to recognize MFEs formally. The Pradhan Mantri Matsya Sampada Yojana (PMMSY) provides 20,000 crores to support fishermen.

New Growth Horizons

The Indian government is attempting to improve India’s industrial infrastructure with this new Aatma Nirbhar Bharat program. Further investment is encouraged by the availability of the Industrial Land/Land Bank. In addition, the coal industry now faces competition thanks to a revenue-sharing system rather than a set rupee/tonne system. The government has also invested almost 50,000 crores in various coal-related opportunities. Private investments in the mineral sector would make a seamless composite exploration-combining-coproduction regime possible.

Government Reforms

Under the AatmaNirbhar program, the government hopes to implement many reforms. In 221 successfully settled business cases, corporate law measures led to a 44% recovery. SWAYAM PRABHA DTH channels work without an internet connection. On the other hand, the PM eVIDYA is a multi-mode access initiative for digital/online education.

Benefits of AatmaNirbhar Bharat Abhiyan

Now that you are fully aware of the Aatma Nirbhar Bharat initiative, you can pinpoint its specific objective of resurrecting independence in the context of Indian industry. The government wants to improve the situation with new laws because the COVID-19 outbreak caused businesses and sales to collapse. To shed more light on the subject, look at the advantages of the Aatma Nirbhar Bharat mission listed below.

• A 3 lakh crore sanction has been made for unsecured loans to MSMEs with a 100 crore yearly revenue.
• 90,000 crores were invested as a bailout for discoms and independent power producers.
• Financial support for enhancing dairy infrastructure, cold chains, warehousing, and post-harvest management.
• NABARD will permit a financing facility for infrastructure projects in agriculture.
• Pradhan Mantri Matsya Sampada Yojana to boost inland and marine fisheries.
• Investment of 30,000 rupees for a specific liquidity plan for debt securities issued by NBFCs, HFCs, and MFIs.
• Business income tax and GST payment deadline extensions.
• Investments are made to improve the economy, infrastructure, systems, demography, and demand, which comprise the five pillars.

Also Check:

• Govt job vacancy details for job seekers. We at Govt Jobs Home provides all India latest vacancies declared by central and state governments.
• Government of India schemes for entrepreneurs, startups, businesses to generate employment in the country.