Aatm Nirbhar Bharat Yojana has played its part in the current scenario by guiding light at the tunnel’s end. Amidst the chaos of this Coronavirus Pandemic, the whole world sought a ray of hope to restore the conditions vandalized by this Pandemic. Millions of people were left jobless, many business organizations got shut down, and people’s pockets were left with no single penny to survive even with the necessities. Where people lost all hopes regarding their damaged lives and means of livelihood, the Government of India sneaked in with Aatmnirbhar Bharat Yojana to be the savior of millions of people and business sectors.
The Indian economy got severely hit, and the only way to revive it was through specific schemes and regulations. Before things could have gone from bad to worse, Aatm Nirbhar Bharat Yojana took control of the deteriorating situations in its hand to ensure a comfortable life, means of living, jingling penny in the pocket of all those who have been its victim. The central role of the scheme of Aatm Nirbhar Bharat is to convert the period of crisis into an opportunity to bring to track the falling GDP of India.
The world’s most significant shutdown of all activities in the form of lockdown imposed to put a full stop to the spread of COVID-19 has majorly impacted the domestic economic activities as it brought almost 70% of economic activity, investment, exports, and discretionary consumption to a standstill. To improve the prevailing turbulent economic scenario and boost the ailing economy, the current Government announced the Aatmnirbhar Bharat Yojana as a sigh of relief to weak business organizations, vendors, migrants, low-income families, etc.
The COVID-19 Pandemic imposed a severe threat and blew to the Economy of India. To overcome the testing times, Hon’ble PM Shri Narendra Modi came up with a solution to mitigate the issue in Aatm Nirbhar Bharat Yojana that promotes the local economy. India’s Government announced an impressive and comprehensive economic package worth INR 20 lakh crore that accounts for 10% of India’s GDP, to bring the economy back to pavilion.
‘Aatm’ refers to the ‘Eternal-self’ whereas ‘Nirbhar’ means ‘to depend.’ With the ongoing mantra of ‘Aatmnirbhar Bharat Yojana,’ the Government of India conveys to free our intellect & thought process from the dependence on short-term material gain and majorly focus on the long-term advancement of our Nation by relying on its sufficiency. Self-reliance and sufficiency mean non-emotional dependency by not being dependent on our external achievements.
Our Hon’ble Finance Minister Smt Nirmala Sitharaman further announced several structural reforms across various sectors to pave the way for Aatm Nirbhar Bharat Yojana and the benefits associated in addition to that. In short, this Aatmnirbhar Bharat Yojana is no less than any surprise package to India’s citizens who were desperately waiting for some miracle to happen.
In his speech addressed to the whole Nation, Modi Ji presented the new favorable economic package of the Aatm Nirbhar Bharat Yojana as the resort to address most businesses and workers’ needs and enable India to become more self-reliant in all the terms. The Aatmnirbhar Bharat Yojana shall revolve around five pillars, namely: “economy, infrastructure, technology-driven system, vibrant demography and demand” and which shall further involve “land, labor, liquidity, and laws.” He also stated that India’s production of personal protective equipment (PPE) earlier in the Pandemic was quite limited and narrow. Whereas, now more than 2 Lakhs PPE kits and N-95 masks are manufactured in India daily under the supervision of Aatm Nirbhar Bharat Yojana.
Our prime minister clarified through his speech that Aatmnirbhar Bharat Yojana or self-reliant scheme does not mean living in solitude, cut off from the outside world, isolation, etc. all about autonomous and self-generation. In no way a self-reliant scheme aims to be protectionist.
The Aatm Nirbhar Bharat Yojana has clearly expressed that India shall always welcome foreign direct investment, technology, ideas with open arms and all manners as it seeks to be the significant and essential Indian component economy. Throughout the speech and his address, our Prime Minister focused on one particular statement, i.e., Going vocal for local’ for longterm gains and benefit to the Indian economy. The current situation calls us that being Aatm Nirbhar or Self-sufficient is the only way out of this shady prevailing situation. To promote the same, Government through the scheme of Aatmnirbhar Bharat, focuses on being self-reliant and has initiated the slogan of “going vocal for local.” Do not only buy the locally made goods and products but also promote the same.
The focal point behind the concept of Aatmnirbhar Bharat Yojana is to make Bharat and its citizens self-reliant and focus on local manufacturers and service providers to strengthen India’s economy. The Aatm Nirbhar Bharat scheme 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 Yojana’ is not only a word but has become a trending mantra for everyone. There have been significant achievements of the Aatmnirbhar Bharat Yojana as it has been successful enough to revive the lives of the distorted conditions of downtrodden, migrants, vendors, etc.
As per the government scheme of Aatm Nirbhar Bharat Yojana, the financial package will help revive every branch of the economy, beginning from demand, supply chain to manufacturing. The scheme of Aatmnirbhar Bharat shall help cottage industries, home industry, small-scale industries, and MSMEs, which provides a livelihood for crores of people and business organizations. The package is for farmers, who toil in different weather conditions, and the middle class who pay their taxes.
The aims and objectives of the Aatm Nirbhar Bharat Yojana are as follows:
Rightly said, the Aatm Nirbhar Bharat Abhiyan has acted as a savior against the storm of Covid-19 by working as a protection shield for the people and organizations. The primary reason for intruding the scheme is to give people the doze of self-reliance by emphasizing the manufacturers, agriculture, service providers, MSMEs, etc. Our Nation and its people were in tremendous need of any mechanism that could strengthen India’s economy through its benefits and regulations, which will improve the status of GDP and the exchequer balance of our Nation. The scheme of Aatmnirbhar Bharat lays the foundation stone of depending less on the imported goods and increasing the export activities through appropriate strategies. The fall in the import rate will help reduce the trade deficit and lead to the trade surplus, ensuring that the country can sustain and tackle any downturn and unpredictable events that may emerge in future times.
As per Prime Minister Narendra Modi, the fiscal stimulus in the form of Aatmnirbhar Bharat Yojana will help revive every sphere of the economy- from demand, supply to manufacturing the need of the hour. The package shall lay its focus on land, labor, liquidity & related laws to achieve self-sufficiency. The relief measures were announced in 5 tranches by the Finance Minister Nirmala Sitharaman.
The scheme of Aatm Nirbhar Bharat throws light on a few crucial factors like:
The beneficiaries for whom the Aatm Nirbhar Bharat Yojana has proved to be a blessing in disguise includes:
Aatm Nirbhar Bharat Yojana has played an iconic role in restoring the economy’s deteriorated condition through its specific reliefs and exemptions to millions of people and business organizations.
Benefits of the scheme in enhancing the speed of the robust strategy include:
Our Finance Minister Smt Nirmala Sitharaman announced structural reforms across various sectors to pave the way for Aatma Nirbhar Bharat through five tranches which are as follows:
The Five tranches under Aatm Nirbhar Bharat Yojana, as announced by our Finance Minister Nirmal Sitaraman, shall be discussed in detail:
The covid-19 Pandemic and its after the effect have altered India’s economic and social infrastructure. The whole world is now standing on the verge of a massive economic and social breakdown. India is already going through a financial crisis or downturn, while announcing 10% of the GDP was a tough decision. Many sectors have already gained relief funds, and other measures are in the pipeline to the respective sectors. However, it depends on how these measures and schemes of Atma Nirbhar Bharat Yojana will draw a rising curve in India’s economic growth graph. Under the Aatm Nirbhar Bharat Yojana, it is the global opportunity for all the Indian existing companies to establish its world-class identity, promote the locally made products, and turn this dooms period into a golden chance to start afresh. Aatm Nirbhar Bharat scheme is nothing but a blessing in the time of crisis and a stepping stone to success to achieve the unfulfilled dreams of millions of people put to a halt because of this Pandemic. It is a crisis period, and for some, it is a crisis unfolded to opportunity.
Through Aatmnirbhar Bharat Yojana, several uprooted businesses and families find a ray of hope to reconstruct their shattered dreams with the help of reliefs and exemptions under Aatmnirbhar Bharat Yojana. Aatmnirbhar Bharat scheme played a vital role in improving the economic condition of India. It has lived up to our expectations in restoring the ruined conditions of various sectors and the people’s lives. Under the Aatmnirbhar Bharat Yojna, the financial assistance got distributed as per the needs of the industry. Aatmnirbhar Bharat Yojna is nothing but a relief package that shall act as a catalyst to enhance the economy’s functioning.
Aatm Nirbhar Bharat is more like a second birth to millions of sectors and suppressed people who lost all hopes to live. To ensure that the scheme of Aatm Nirbhar Bharat is re-directed and implemented in its best form, our NGO Hindrise Foundation, a social-welfare NGO, is adamant and is vigorously stressing upon the proper use of the schemes and its benefits. We have been assisting the business organizations, entrepreneurs, and other sectors who wish to re-start their professional life brought initially at a halt. We have been relentlessly trying to be a strong link between people who need us and the scheme of Aatmnirbhar Bharat.