Amidst the crisis of Covid-19, Atma Nirbhar Bharat Yojana emerged as a new ray of hope for the sectors held to be the victim of this pandemic. Aatm Nirbhar Bharat, as the name signifies, is the self-reliant scheme initiated by the Government of India for converting this moment of crisis into opportunity. Where the whole world was grieving and shattered by the devastating effect of the crisis period, Aatm Nirbhar Bharat Yojana took the initiative of stabilizing the distorted condition of various sectors and lives of the people. The Atma Nirbhar Bharat scheme is a second life for so many indigenous families, business setups, vendors, migrants, etc. As a scheme, Atma Nirbhar Bharat Yojana has contributed immensely to restore millions of sectors and people’s financial condition.
Atma Nirbhar Scheme initiated to stabilize the economy and contribute to the economy by providing financial support, job opportunities, free loans, etc. The only target behind Aatm Nirbhar Bharat Yojana is establishing a self-Reliant India. This Nation shall produce, manufacture, and consume its goods and services without further relying on ‘global international products.’
India is a land that is unconditionally dependent on its local vendors, fruit sellers, ration stores, clothing brands, etc. to fulfill its needs & make us brands globally. With launching Atma Nirbhar Bharat Yojana, our PM emphasized that we need to protect ourselves and continue with our lives in the garb of benefits of the plan of Aatm Nirbhar Bharat Yojana. He further stressed that the financial package of Atma Nirbhar Bharat designed, considering the interest of liquidity, laws, laborers, and land. In the battleground of the corona crisis, the world looks up to India to lead this battle, and this modern 21st Century shall be India’s phase of time to stand out in the world and outshine tremendously.
On the auspicious date of 12th May 2020, where the whole world was waiting for the Indian Government’s next step regarding lockdown and other measures, Atma Nirbhar Bharat Yojana was announced by our prime minister a stimulus package a combo pack of relief and exemptions for the suppressed class.
The prime minister’s special economic package is worth Rs 20 lakh crore, which is nearly 10% of India’s GDP. The package was announced as a big sigh of relief for the whole Nation, continuously reminding its citizens to become a self-reliant nation in all the manners. Atma Nirbhar Bharat Abhiyan is a stimulus measure to boost the embattled economy brought to a screeching halt under the sensitive circumstances. It also aims at providing financial support to those who had taken a hit during the lockdown. Making the announcement, PM Modi gave the clarion call for Aatm Nirbhar Bharat Yojana to tide over the crisis period.
Atma Nirbhar Bharat Yojana includes a sole vision of global welfare and sought the Nation’s people’s support to make their dream coil into a reality. The package is a blessing in disguise under Aatm Nirbhar Bharat Yojana that helps in reviving the economy with the sole purpose of re-building the fragments of dreams of millions of its people.
The Atma Nirbhar Bharat Yojana further stresses that the path for Indian economic revival is the mantra of self-reliance. PM Modi also said that the financial package would help revive every sector of economy – starting from demand, supply chain to manufacturing. The only way to achieve self-reliance is that the economic package focuses on factors like land, labor, liquidity, and laws. At its developing stage, a country like India had to go through the tremendous change in terms of economy badly needed to become a self-reliant nation. The package under Aatm Nirbhar Bharat Yojana shall also provide a reasonable boost for Abhiyan through this improved structural reforms, technological indulgence, and ease of setting up a business.
Our prime minister also clarified in his speech that the self-reliant India mission does not refer to cutting off from the whole world, isolating itself, or solidarity; it is mainly about self-sustaining and self-generation. In no way a self-reliant scheme aims to be protectionist. He further stated that India shall always welcome open arms, all kinds of foreign direct investment, technology, and ideas. 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 Atma Nirbhar Bharat or self-sufficient is the only way out for overpowering this dusky phase of life. To promote the same, Government of India through Atma Nirbhar Bharat Yojana focuses on being self-reliant and has initiated the slogan of “going vocal for local.” The mantra of going local for vocal imparts the clear message of buying and promoting local brands and products by relying the least on imported products.
Time has taught us a great lesson where we must make ‘local’ the principle of our daily lives. Today, global goods were once local, too, but when people started supporting them more, they became international brands. That is why, as a responsible citizen of India, every Indian must be adamant about becoming vocal for local.
There were multiple reasons why the Nation needed a stimulus package like Aatm Nirbhar Bharat Yojana to cope with back-breaking situations.
Various reasons for introducing the Atma Nirbhar Bharat Yojana under Atma Nirbhar Bharat explained in the following points:
The sectors such as pharmaceutical, leather, clothing, food, and furniture shall revamp their entire process to a local level where earlier, these sectors relied very much on the imported products. Their motto is solely to become self-reliant. It is now an integral part for Indian citizens to depend on the local market and supply chains to sustain the Covid-19 pandemic crisis. The Government should offer a pronouncement preference in contracts for locally produced goods to discourage importing goods and services and provide tax sops. The main purpose is to encourage business and re-address the ‘Make in India’ campaign in 2014.
Catering to the public sector’s needs and expenditure on the health sector is the need of the hour. The Government’s essential duty is to invest more in grass-root health institutions ramping in either urban or rural areas. Providing advanced ways for treatment and hospital beds and other medical facilities for the increasing number of patients, corroborating the lab network system, and supervising authorities shall be essential for this time. Efforts were required to boost indigenous vaccine production and other related measures.
To boost the employment rate post this pandemic era, the Government of India has taken a pledge to invest approximately 40,000 Crore under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). The Atma Nirbhar Bharat Yojana shall help the uprooted migrant workers and poor people to find work in rural areas. Further, creating more durable assets and infrastructure will boost the rural area’s economy and produce a better production rate.
Multiple schemes like PM e-VIDYA, Mandodarpan, New National Curriculum, National Foundational Literacy, and Numeracy Mission shall be implemented to provide a better version of technology-driven education for the masses. The Government has taken all possible measures per se to ensure that every child can attain an average learning level required until grade five by the year 2025.
This Atma Nirbhar Bharat Yojana package shall give the state government outstanding service by increasing its borrowing limit from 3 to 5 percent for 2020-21. An initiative like this shall enable the state to borrow extra resources valued for approximately 5 lakh crore. However, the borrowing shall stay limited to factors like One Nation One Ration Card, Distribution of electricity, and revenue to urban local bodies.
The Atma Nirbhar Bharat Yojana is said to build the Nation based on five pillars which portrayed as its salient features which include:
The significant perks under Aatm Nirbhar Bharat Yojana are levied upon the cottage industry, home industry, small-scale industry, MSME, laborers, farmers, and other Indian industries working to boost our economy consistently and dedicatedly.
The following are the primary beneficiaries of Atma Nirbhar Bharat scheme 2020:
Tranche 1 provides a set of relief measures worth INR 5,94,550 crore and includes funding and loan facilities for MSMEs, NBFCs/HFCs, discoms, contractors, real estate, salaried workers, etc.
The second set of relief measures is worth INR 3, 10,000 crore that focuses on migrant workers, small farmers, street vendors, and needy persons.
The third set of relief package is worth Rs 1, 50,000 crore. These measures’ core area is agriculture and its allied sectors like dairy, animal husbandry, and fisheries to strengthen the overall farm sector.
Under the fourth tranche, the sets of measures are worth Rs 48,100 crore that primarily focuses on eight growth-oriented Indian economy sectors. The industry includes Coal, Minerals, Defense, Airspace management, Social Infrastructure Projects, Power distribution companies, Space sectors, the Atomic Energy sector, etc.
The Atma Nirbhar Bharat Yojana package is to ease the difficulties of the migrant laborers, low persons, and farmers who suffered the most during the lockdown imposed due to the coronavirus pandemic. It immensely supports the middle-class crowd who pays their taxes on time and help grow the home industry, including cottage industries, small scale industries, and MSMEs that provide a livelihood and employment to, large no, of people.
Starting this Aatm Nirbhar Bharat Yojana on the go has led to the Reformation and resonates with Sangh’s philosophy to enrich and revolutionize the Indian products. However, in the urge to attain a self-reliant India, the Government must decentralize its policies, make the rural crowd and laborers’ decisions, keep the poor and underprivileged as a priority, and make India a self-sufficient nation globally.
In history, when India believed in Gandhi’s model of self-reliance, wonders happened. He emphasized social interdependence and mutual co-operation in society. On the contrary, today, a virus has violated our independence, but through Atma Nirbhar Bharat Yojana, we are still trying to restore the industries’ status and become self-sufficient.
While the stimulus package offers relief and exemptions to many sectors, every Indian citizen also has a crucial role. The Prime Minister has urged each one of us to promote and purchase local products more and more. Our Government has done enough by providing the scheme’s blanket around the needy ones, and now we must avail each of its benefits in the best possible manner. We should promote vocal for local and adopt a new lifestyle of being self-dependant and becoming empowered for more fights like this in the future.