Aatmnirbhar Bharat Abhiyan
Aatmnirbhar Bharat Abhiyan, or 'self-reliant India', is a scheme started by the government of India. Aatmnirbhar Bharat Abhiyan is the Hindi phrase used and popularised by Prime Minister Narendra Modi for economic development during and after the covid-19 pandemic.
On Tuesday, 12 May 2020, our Prime Minister Narendra Modi came up with Aatmnirbhar Bharat Abhiyan's scheme, an economic package worth Rs 20 lakh crore announced in the various economic sector for refilling the empty pockets and stomachs who suffered a lot amidst the coronavirus crisis.
After the successful implementation and positive feedback of phase 1.0 Government decided to launch Aatmnirbhar Bharat Abhiyan 2.0 and 3.0. It is initiated for the long-term reformation and growth in the Indian Economy's crucial sectors that would raise per capita GDP in the hour of crisis. It is an economic relief package that converts the crisis period into opportunity by availing the means of livelihood, reliefs, and exemptions to many.
OBJECTIVES OF AATMNIRBHAR BHARAT ABHIYAN-
1- Interim Measures Like Liquidity Infusion and Direct Cash Transfers for Migrant Workers and farmers. Vendors can work as risk bearer.
2- Long-Term Reforms in Growth-Oriented Sectors to Make Them Competitive and Attractive at A Global Level.
3- To make the country and its citizens independent and self-reliant in all senses.
4- It supports the Indian Economy in the fight against COVID-19
FIVE PILLARS OF AATMNIRBHAR BHARAT ABHIYAN-
Aatma Nirbhar Bharat Abhiyan is based on five pillars that serve as the foundation for a self-reliant India. These pillars are Economy, infrastructure, system, democracy and demand.
- ECONOMY-We needs an economy that brings quantum jumps, not a gradual change.
- INFRASTRUCTURE- We need infrastructure that will become modern India.
- SYSTEM- We need a technology-based system that embodies the 21st century instead of the rules and customs of the past.
- DEMOCRACY- We are the world's biggest democracy that is the source of energy for our efforts to make India self-reliant.
- DEMAND- We need full utilisation of the power of demand and supply. The cycle of demand and supply is an asset in our Economy.
Beneficiaries of aatmnirbhar Bharat Abhiyan-
- Poor citizen of the state
- Migrant labour
- Organized and informal sector personnel
- Tenant farmer
- Cottage industries
- Small industry
- Middle-class industry
Aatmnirbhar Bharat Abhiyan 1.0
Schemes launched under the aatmnirbhar Bharat Abhiyan 1.0-
- One Nation One Ration Card
- PM Savanidhi Scheme
- Kisan Credit Card Scheme
- Pradhan Mantri Matsya Sampada Yojana
- Emergency working capital funding, ECLGS1.0
- Partial Credit Guarantee Scheme 2.0
- Special Liquidity Scheme for NBFCs/HFCs
- Liquidity injection for discs
Atmanirbhar Bharat Abhiyan 2.0
Prime Minister of India made the announcements on 12 October 2020 under Atmanirbhar Bharat Abhiyan 2.0. Schemes launched under Atmanirbhar Bharat Abhiyan 2.0:
- Festival Advance- In this scheme, distributed SBI Utsav card to all beneficiaries.
- LTC, Cash Voucher scheme- This scheme was launched for the development of the Economy.
- Rs.3,621 Crore for 11 States as an interest-free loan to the capital expenditure.
- Provided Capital expenditure of Rs.25,000 crore for Road Transport and Indian Defence Department.
Atmanirbhar Bharat Abhiyan 3.0
The Finance Minister, Smt. Nirmala Sitharaman and Department of Finance and Corporate Affairs, Shri. Anurag Thakur launched the Atmanirbhar Bharat 3.0 on 12 November 2020, which focused on job creation and tax relief in the housing sector.
The finance minister makes twelve announcements are as follows:
- Launch of Atmanirbhar Bharat Rozgar Yojana for the production of new employment opportunities.
- Launch of ECLGS 2.0 for supporting stressed sectors.
- Rs.1.46 lakh crore for Atmanirbhar Manufacturing Production.
- An Outlay of Rs.18,000 crores provided for the PMAY-Urban.
- The performance security on contracts was reduced to 3% to ongoing contracts for supporting infrastructure and construction.
- Demand booster for the Residential Real Estate Income Tax relief for the Home Buyers and Developers from 10% to 20%.
- Rs.6,000 crore Equity infusion in NIIF Debt Platform and Rs.1.10 lakh crore Platform for Infra Debt Financing.
- Rs.65,000 crores for subsidised fertilisers for helping framers.
- An additional outlay of Rs.10,000 crore provided for Pradhan Mantri Garib Kalyan Rozgar Yojana.
- Rs.3,000 crores released to EXIM Bank for promoting the export projects.
- An additional outlay of Rs.10,200 crore towards Capital and Industrial expenditure.
- Rs.900 crores provided for the COVID Suraksha Mission for Research and Development of Indian COVID-19 Vaccine to biotechnology.
The package announced by finance minister Nirmala Sitharaman is more focused on the medium and long term. Still, the circumstances created by the pandemic demands more direct and demand-driven measures.
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