Atmanirbhar Bharat Abhiyan: Objectives, Features and Benefits

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Atmanirbhar Bharat Abhiyan: On 12th May, the Prime Minister, Mr. Narendra Modi has announced a Rs. 20 lakh crore economic package under the ‘AatmaNirbhar Bharat Abhiyaan’, to aid our country out of the Coronavirus crisis by making us self-reliant. By following this announcement, the Finance Minister, Ms. Nirmala Sitharaman, through five press conferences, announced the detailed measures under the economic package.

What Is AtmaNirbhar Bharat Abhiyan?

The Prime Minister of India, Hon’ble PM, Shri Narendra Modi has always emphasized on building a a “Self-Reliant India”, precisely economic vision and achievements. However, the COVID-19 pandemic and its subsequent lockdown were severe to the Indian economy and businesses. In this situation, the Prime Minister of India has introduced a new scheme called Atmanirbhar Bharat Abhiyan“. Under this scheme, a Rs. 20 lakh crore economic package will be provided to support India and its economy during this crisis. 

Objective of Atmanirbhar Bharat Abhiyan

The main objective of this scheme is to recover from an economic disaster post COVID-19 and make Indian citizens more self-reliant. Here is the listed below of some objective of Atmanirbhar Bharat Abhiyan –

  • Under this scheme, a Rs. 20 lakh crore economic package will be provided to support India and its economy during this crisis. 
  • Hon’ble PM, Shri Narendra Modi has always emphasized on building a a “Self-Reliant India”, precisely economic vision and achievements
  • Issue an economic package equivalent to 10% of Indian GDP.

 Features of AatmaNirbhar Bharat Abhiyan?

This scheme is focusing on making India self-reliant. Becoming independent is usually a long and complicated process. There are several other activities and features of the AatmaNirbharBharat Abhiyan mentioned below –

1. Businesses and MSMEs

This scheme is aim to benefit businesses, including cottage industry, MSMEs, labourers, middle class, and others. In this context, Rs. 1.70 lakh crores of the Pradhan Mantri Garib Kalyan Package can be considered a relief package for the poor to help battle against COVID-19. Also, the government of India has extended the last date for Income Tax Returns, file GST returns, custom clearance, all day long, etc. 

2. Poor and Backward Classes

Almost 3 crore farmers have received agricultural loans of ₹ 4.22 lakh crores. Healthcare workers will get an insurance cover of Rs.50 lakh and around 80 crore poor people will get 5 kg of wheat or rice per head for the next three months. Other activities include Jan Dhan account for 20 crore women, free gas cylinders to 8 crore low-income families, Employee Provident Fund EPF to get non-refundable advance of 75% etc.

3. Government Reforms

Under the Atmanirbhar Bharat Abhiyan, the government aims at introducing a large number of reforms. SWAYAM PRABHA DTH channels are developed to support people who do not have internet access. On the other hand, PM eVIDYA is a program for multi-mode access to digital/online education.

Benefits of AatmaNirbharBharat Abhiyan?

There are some of the benefits listed below of Atmanirbhar Bharat Abhiyan –

  • Income Tax and GST payment extension for businesses.
  • Investment for improving five pillars, including economy, infrastructure, systems, demography and demand
  • Pradhan Mantri Matsya Sampada Yojana for the improving marine and inland fisheries
  • Rs.90,000 crore bailout investment for discoms and independent power producers
  • NABARD will allow a financing facility for financing agricultural infrastructure projects
  • Investment of ₹30,000 for Special Liquidity Scheme for Debentures of NBFCs, HFCs and MFIs.
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