The Central Government of India launched the Atmanirbhar Bharat Abhiyan (Self-reliant India Mission). This campaign included Rs. 20 lakh economic stimulus package and several reform proposals. The monetary package is equivalent to 10% of India’s GDP. The Prime Minister announced a special financial package & issued a call for “Atmanirbhar Bharat,” or “Self-reliant India,” as part of the relief measures following COVID-19. He pointed out the total cost of this package, including recent government announcements about supporting essential industries.
Background of Atmanirbhar Bharat Abhiyan:
India saw the political independence for Swaraj advance during the independence movement (self-governance or self-rule). Tagore pushed India towards academic autonomy with the help of institutions like Visva-Bharati University. As M. S. Swaminathan noted in his youth in the 1930s, “young and old decided to share the fantasy of a free and self-reliant India.” Purna Swaraj & Swadeshi (self-reliance) were our goals.
The Union Home Minister, Amit Shah, acknowledged that slogans like “Atmanirbhar Bharat,” “Make in India,” & “vocal for local” were influenced by Gandhi’s efforts to promote swadeshi in 2022. Currently, long-forgotten pre-independence goals are now being revived, modified, as well as implemented.
What is Atmanirbhar Bharat Abhiyan?
Nirmala Sitharaman, the Union Finance Minister, announced the Atmanirbhar Bharat Abhiyan, or “self-reliant India scheme,” in May 2020. The government’s announced stimulus spending relief package is worth Rs. 20 lakh crores. This includes the already announced PMGKY relief package worth Rs. 1.70 lakh crore, intended to help the poor deal with the difficulties brought on by the coronavirus flu epidemic and the ensuing lockdown to stop its spread.
Key Features of Atmanirbhar Bharat Abhiyan:
- An increase in funding for MGNREGA of Rs 40,000 crore encourages job creation and eliminates the labor problem.
- Increased funding for public health initiatives and other health reforms will better prepare Indians for pandemics in the future.
- Under the Atma Nirbhar Bharat Abhiyan in India, there is technology-driven education with equity.
- Improved Business Ease through IBC-related initiatives.
- Under the Atma Nirbhar Bharat Abhiyan in India, decriminalizing defaults under the Companies Act facilitates corporations’ ease of business.
- Atmanirbhar Bharat Abhiyan Public Sector Enterprise Policy for an Independent India.
- State borrowing limits have been raised from 3% to 5% for the years 2020–21 only, and the Atma Nirbhar Bharat Abhiyan is encouraging reforms at the state level.
Objectives of Atmanirbhar Bharat Abhiyan:
In India, the Atmanirbhar Bharat Abhiyan has two goals in mind:
- First, emergency measures like direct cash transfers and liquidity infusions for low-wage migrant workers and vendors will act as a suspension system for those under stress.
- Second, lengthy reforms in growth-oriented industries to make them globally competitive and desirable.
Facts of Atmanirbhar Bharat Abhiyan:
- The Prime Minister stated that the following five pillars should support an Atmanirbhar Bharat or an independent India: Demand, Vibrant Demography, Economy, Infrastructure, 21st-century technology-driven agreements and systems.
- The package strongly emphasizes laws, labor, liquidity, and land.
- It includes policies in various areas, including MSME, cottage industries, the middle class, immigrants, and industry.
- Several initiatives have been declared to make India’s economy self-sufficient and lessen long-term effects. Among the changes are:
- Straightforward laws
- A rational system of taxation
- Agrarian supply chain reforms
- Competent personnel
- Dependable financial system
Conclusion:
India’s Atmanirbhar Bharat Abhiyan was essential in boosting the country’s economy. In terms of repairing the damaged state of various sectors and the lives of the people, it has lived up to our expectations. According to the sector’s needs, the financial aid was disbursed in India under the Atma Nirbhar Bharat Abhiyan. This initiative has been a great success and is being successfully implemented in all the pertinent sectors. As per the Atma Nirbhar Bharat scheme, citizens are also making unceasing contributions to offer round-the-clock help and support to all aspiring business owners/establishments and help them launch ventures to secure a new source of income.