Aatm Nirbhar Bharat Scheme, launched by the Government of India, plays a crucial role and acts as a guardian-angel for millions of people and sectors caught in the garb of Covid-19. The economic crisis triggered by the Novel coronavirus pandemic in 2020 gave birth to the vision of Aatmnirbhar Bharat with new passion and enthusiasm. While our Prime Minister Narendra Modi first proposed the idea, some of its features are synonymous with the Swadeshi movement launched long back in India under the supervision of Mahatma Gandhi.
The Aatm Nirbhar Bharat is like a sun that rises amidst the pandemic's black clouds and spread the ray of hope into each nook and corner worldwide. The Aatmnirbhar Bharat results from heart-searching and deep concerns of India's Government to put a brake on the pandemic's damage. With the lockdown extension, several migrant workers, vendors, poor people, and industrial sectors continued to suffer adverse effects.
The Indian government could feel the highest sense of responsibility to take away in a go or mitigate the atrocities by launching a favorable scheme to revive their lives and India's Economy. Never in the past, the Indian Economy got this badly hit. The downfall of the Economy and financial conditions broke all the previous records, thereby triggering the need for some regulations, which came up as "Aatm Nirbhar Bharat, or self-reliant India."
As the name suggests, Aatm Nirbhar Bharat means self-reliant India, India's new face where the whole Nation and its people would stress becoming self-reliant and self-sufficient manners. To overcome these challenging times, on the auspicious day of 12th May 2020, Minister officially addressed the whole Nation to announce the stimulus package of Aatmnirbhar Bharat worth Rs 20 lakh crore that accounts for almost 10% of India's GDP.
Aatm Nirbhar Bharat is the relief and recovery measures for the severely hit and badly-stricken families amidst the pandemic's chaos. The new scheme is more like a blessing in disguise to maximum sectors and people who fell prey to the tough times. The economic package of Atma Nirbhar Bharat is designed to cater to various sections, including the cottage industry, MSMEs, vendors, laborers, middle-class families, industries, etc.
The Indian government, under the Aatmnirbhar Bharat, is taking several significant steps to ensure that we are all set to confront the challenges and threats imposed by COVID-19 challenging times. With India's citizens' active support, the government shall find it easy to mitigate the virus's spread from its roots. India has faced challenging situations with all grit and a spirit of self-reliance. The same is evident from the fact that from zero production of Personal Protection Equipment before March 2020, India is now adamant about producing more than 2 lakh PPE kits daily, multiplying.
In the economic reform package, our Prime Minister also asked the people to stand with Indian manufactured goods to kick the Indian Economy. The Aatm Nirbhar Bharat Scheme's main aim is to make India and its people self-sufficient in every possible manner. The plan is achieved if we follow and spread this thought of "Vocal for local," which is nowadays a roaring mantra around the globe. He particularly emphasized that products should be 'made in India,' but the promotion of those products should take place to make those products competitive in the International platform.
During the speech in 2020, Prime Minister Modi further stated that "The mindset of free India should be 'vocal for local.' We should appreciate our locally made products and rely less on imported goods; if we don't do this, our products may not get the recognition to do better and not get motivated. The phrase vocal–for–local "meant that products be made competitive vis-a-vis the global brands" and that "it didn't mean that one must only buy products that have a logo 'made in India' on it." An extension of this slogan is 'local for global' that local products in India should have global reach and recognition. The Indian government's efforts of Aatm Nirbhar Bharat are appreciated by other Nations and looked upon as a milestone achieved by them.
Few days after Modi's announcement, Finance Minister Nirmala Sitharaman released in-depth details of the economic relief package of Aatm Nirbhar Bharat in a five-part statement, mainly known to be five tranches that focus on a particular sector. The financial relief package is not entirely a new expenditure but includes the Reserve Bank of India's measures in March 2020. As per our Finance Minister, this of Aatm Nirbhar Bharat package shall provide food for migrant workers, a shelter for the needy, loans to the small/micro industries who could not benefit from earlier relief schemes. Sitharaman appealed to the states to ensure the Mahatma Gandhi National Rural Employment Guarantee Scheme or (MGNREGS), which tries to provide job opportunities for returning migrant workers in their respective villages.
It is clear that the scheme of Atma Nirbhar Bharat does not encourage cutting off from the outside world, isolation, or solidarity; it is all about autonomous and self-generation. The self-reliant scheme does not aim to be protectionist in any manner. The scheme's proponents have clearly expressed that India shall always welcome foreign direct investment, technology, ideas with open arms and welcoming eyes. It seeks to translate it into being a more significant and most crucial part of the Indian Economy.
The world's current situation tells us that being Aatmnirbhar under Aatm Nirbhar Bharat Abhiyan or self-sufficient is the only way out that can pull us out from this dark phase. To promote the same Government of India through Atma Nirbhar Bharat Abhiyan majorly focuses on being self-reliant. The Aatmnirbhar Bharat has played an exemplary role in the Economy of India, and it further aims to improve the standard of living of the people and, most importantly, help improve the trade deficit and the country's exchequer balance. However, today, 'Aatm Nirbhar Bharat is not only a direct word with simple meaning has become a trending plan for every individual.
Aatm Nirbhar Bharat has successfully revived all the Economy's spheres by ensuring a decent life and income source for industrial sectors. There have been significant achievements of the Atma Nirbhar Bharat Yojana as it has been successful enough to revive the lives of the distorted conditions of migrants, laborers, vendors, etc.
The economic package Atma Nirbhar Bharat is for our cottage industry, home industry, our small-scale industry, MSMEs, a source of livelihood for millions of people, and the firm foundation of our ultimate resolve for a self-reliant India. PM Modi further emphasized that the stimulus is for core industries that are "determined to give a boost to the economic potential of our ."The concept of Aatmnirbhar Bharat Yojana shall revolve around five pillars, namely: "economy, infrastructure, technology-driven system, vibrant demography and demand" that shall further involve "land, labor, liquidity, and laws.
Strong confidence and "Aatm Nirbhar Bharat" (self-reliant) are essential and need the present Time not just for itself but also for the greater global good. Today, it is the need of India's hour to play a significant and wise role in the worldwide supply chain, and that provisions made in the form of a stimulus package of Aatm Nirbhar Bharat Yojana. The scheme would increase all growth-oriented sectors' efficiency and ensure people's quality of life and organized /unorganized sector.
As said, the Atma Nirbhar Bharat Yojana is a safety shield against the storm of Covid-19 by working as an usher and the savior for the people and organizations. The primary reason for intruding the Aatmnirbhar Bharat Yojana is to give people the protection of self-reliance by emphasizing crucial sectors, the manufacturers, agriculture, service providers, MSMEs, etc. Our Nation and its people were waiting for any such mechanism that could strengthen India's Economy through its regulatory schemes and relief packages, which will improve the status of GDP and the exchequer balance of our Nation.
The Aatm Nirbhar Bharat Yojana lays the foundation stone of self-sufficiency and relies less on the imported goods, and increases export activities through appropriate strategies. The fall in the import rate will ultimately help reduce the trade deficit and lead to the trade surplus, ensuring that the country can sustain and tackle any downturn event and traumas that may emerge in the coming times.
The one obvious thing is to make sure the weaker sections of the Economy are plowed with care. It's essential to ensure job opportunities because you cannot just keep giving with no expectation in return. And no country can progress with the least contribution from our side to the Economy of India.
The COVID-19 Pandemic highlighted the sheer importance of Local manufacturing, markets, and supply chains, which “fulfilled our demand and have saved us since time immemorial," while describing it as not just a need but a responsibility as well. "Time has taught us that we must, in all circumstances, make ourselves self-sufficient and self-reliant in every sphere of life.
Aatm Nirbhar Bharat loan is one of the most attractive factors under the Aatm Nirbhar Bharat scheme. The primary reason for introducing the Aatm Nirbhar Bharat loan helped the migrant workers, farmers, poor and needy in re-stabilizing their shattered life by providing them financial assistance and assisting small business enterprises with low rate loans or collateral loans free of cost. Atma Nirbhar Bharat Loan is a scheme under Aatma Nirbhar Bharat Yojna that aims at providing financial assistance to MSMEs who got severely affected by the pandemic. The best way to pull them out of this tedious situation is through financial aid in loans.
Like a guiding light to the entrepreneurs, the Aatma Nirbhar Bharat loan scheme provides capital assistance, which can be fruitful to the young crowd to prove their mettle by establishing their local & global identity. Under Atma Nirbhar Bharat Loan of the self-reliant scheme, Rs. 3 lakh crore Collateral-free loan is to be provided to MSMEs to restart their blocked business aspirations under which 45 MSMEs got the benefits. MSMEs can borrow the sum up to 20% of their total outstanding credit. There would be no interest on the loan and a 100% credit guarantee on banks and NBFCs on principal and interest.
Through the Aatmnirbhar Bharat Loan facility, the government is trying to assist stressed MSMEs who have Non-performing assets. Under this, the MSMEs are provided debts from the banks that are infused as equity. To facilitate the same, the government has provided for Rs 20,000 crore of subordinate debts to MSMEs. A unique scheme enables easy access to credit for street vendors. Under this Aatm Nirbhar Bharat Loan scheme, bank credit to each vendor for the initial working capital of up to Rs 10,000. MGNREGA infusion of Rs 40,000 crore may help migrant workers' distress when they return to their villages.
The aims and objectives of the Aatm Nirbhar Bharat Scheme are:
Key highlights under the self-reliance mission of Aatmnirbhar Bharat include:
The vital sector/people which can avail benefits under the umbrella scheme of Aatm Nirbhar Bharat includes:
The Five phases of Aatm Nirbhar Bharat are:
Aatm Nirbhar Bharat is, in effect, a survival package so that MSMEs, needy people, and other budding enterprises to survive the lockdown and restart their lives. Aatmnirbhar Bharat has played an exemplary role in the global fight against COVID-19 has been recognized and appreciated globally. The government took several bold reforms such as Supply Chain Reforms for Agriculture, Rational Tax Systems, Simple & Clear Laws, Capable Human Resource, and Strong Financial System. Atma Nirbhar Bharat is about knowledge blended with the understanding of science, which is the answer to all problems. The future of the Nation is what we think about today. Our dreams will shape the future of India. Aatma Nirbhar Bharat has been that factory rigorously involved in re-building the shattered dreams of millions of people. The Aatmnirbhar Bharat has played a crucial role in laying the foundation and raising the per capita income.
The scheme of Aatm Nirbhar Bharat creates a new opportunity for growth in sectors like agriculture, micro, small and medium enterprises, power, coal mining, defense, and aviation sector, etc. The economic crisis triggered by the Covid-19 pandemic is much like a few previous financial crises, which was the harbinger of a paradigm shift through liberalization, privatization, and globalization. The post-Covid-19 era may usher in a plethora of opportunities provided the implementation deficit addressed efficiently.
The Aatm Nirbhar Bharat is a new dream for a Nation as a whole. To fulfill this dream of millions of people, we as an Aatmnirbhar Sena are working day and night relentlessly. To assist the government with its bonafide cause and action and motivated by their vision, Aatmnirbhar Sena provides full-fledged assistance willing to re-establish their broken dreams. We have proved to be efficient organizations by our consistent and continuous contributions towards Government schemes and service.
We have been committed to complying with all sorts of responsibilities like Financial Assistance, legal aid, mentorship program, skilled training and vocational classes, workshops, organizing seminars, and conferences. We are adamant about fixing the nuts and bolts of the imbalanced machinery of the Economy. Instead of focusing more on imports, we diverted the mass's interest in promoting, manufacturing, and buying Indian goods, thereby overcoming import dependency and strengthening our domestic supply chains. Last but not least, we have left no stone unturned in making this dream of "Aatm Nirbhar Bharat" turn into a reality.