Atmanirbhar Bharat Abhiyan: Hon’ble Prime Minister Shri Narendra Modi announced a special economic package of Rs 20 lakh crore (equivalent to 10% of India’s GDP) under the ‘Atmanirbhar Bharat Abhiyan’ on 12th May 2020.
This special economic package was announced to liberate India against tough global supply chain competition and to help empower workers, the poor, and migrants who have been severely affected by the COVID-19 pandemic.
Amount of assistance provided by the central government
For this Atmanirbhar Bharat Abhiyan, the Government of India will invest Rs 20 lakh crore in various sectors. This amount is about 10% of India’s total GDP.
Application Process of ‘Atmanirbhar Bharat Abhiyan’:
First of all, you have to log in to the official website of Aatmanirbhar Bharat Abhiyan. Then you will get a link to register on the first page.
Once you register from there, a new page will open. After registering the required information, select the option to create an account.
Then, click on the login option from the homepage and enter the password along with the provided email ID or phone number.
Eligibility of ‘Atmanirbhar Bharat Abhiyan
i) Employees with a monthly salary below Rs 15000 who were not registered with any EPF before 1st October 2020 are eligible for this scheme.
ii) The detailed eligibility procedure for applying for funds or other benefits for MSME owners depends on the various schemes.
The main objective of the Atmanirbhar Bharat Abhiyan
- Make India a hub of a global supply chain.
- Build government confidence in the capabilities and potential of the private sector.
- Establish a ‘good force multiplier’ for Indian manufacturers.
- Enter global markets to export products, including agriculture, textiles, clothing, and jewellery.
- Determine the adequacy of each sector (e.g., defence, agriculture, healthcare, infrastructure, etc.) with the help of the FY22 budget to achieve self-reliance.
Benefits of the Atmanirbhar Bharat Scheme:
i) Increasing access to credit for MSMEs and start-ups.
ii) Infrastructure development through investment in roads, railways, and logistics.
iii) Increasing food security through agricultural reforms.
iv) Greater market access for rural producers and artisans.
v) Increasing digital adoption and distance learning opportunities.
vi) Empowerment of tribal, backward, and underprivileged communities.
Requirements of the Scheme:
This scheme has played a transformative role in reviving domestic manufacturing by encouraging companies to manufacture locally. The introduction of the PLI scheme, simplified labour laws, and land reforms has made manufacturing more efficient and competitive. It provides financial support, easy access to credit, and encouragement for innovation.
MSMEs, which form the backbone of the Indian economy, get funding, marketing support, and technical expertise. The emphasis on “Make in India” under Atmanirbhar Bharat ensures that more products are manufactured domestically and exported globally. This has reduced dependence on imports and created employment opportunities in urban and semi-urban areas.
Important Note
The Atmanirbhar Bharat Abhiyan is a transformational initiative that aims to transform India into a self-reliant, globally competitive economy. India is moving towards economic independence by promoting local industries, entrepreneurship, and digital innovation. To fully realise this goal, a combined effort of businesses, entrepreneurs, and citizens is required to build a strong and resilient India.