Atmanirbhar Bharat Abhiyan, also known as the Self-Reliant India Movement, is a comprehensive economic package announced by the Government of India in May 2020 in response to the economic impact of the COVID-19 pandemic. The main objective of the scheme is to provide financial support to the most affected sectors of the economy and protect workers, while also promoting self-reliant and self-sustaining growth in the country. The package includes measures to support micro, small, and medium enterprises, agriculture and rural development, the healthcare sector, and migrant workers, as well as measures to improve the ease of doing business, attract investment, and promote exports. The scheme is being implemented through a combination of monetary measures, structural reforms, and public expenditure.
Atmanirbhar Bharat Abhiyan has multiple benefits aimed at reviving the Indian economy and promoting self-reliance in the country. Some of the key benefits are:
1. Support to MSMEs: The scheme provides financial support to micro, small, and medium enterprises (MSMEs), which are the backbone of the Indian economy, by offering collateral-free loans, subsidy on employment generation, and support for technology upgrades.
2. Agriculture and Rural Development: The scheme provides support to farmers, including interest subvention, insurance coverage, and pension benefits. It also aims to boost the rural economy through measures such as the development of rural infrastructure and increased investment in rural electrification and housing.
3. Healthcare: The scheme provides funding for the strengthening of the healthcare sector, including the setting up of new COVID-19 care facilities, the purchase of medical equipment, and the production of vaccines and drugs.
4. Migrant Workers: The scheme provides support to migrant workers who have been affected by the COVID-19 pandemic, including food and shelter, transportation, and cash transfers.
5. Ease of Doing Business: The scheme includes measures to simplify procedures and reduce the time and cost involved in starting a business, thereby making it easier to do business in India.
6. Investment Attraction: The scheme aims to attract investment into India by offering a stable and predictable tax regime, streamlined processes, and a supportive business environment.
7. Export Promotion: The scheme provides support to exporters by offering incentives, improving access to markets, and promoting the development of new products and technologies.
Overall, the Atmanirbhar Bharat Abhiyan seeks to provide a comprehensive solution to the economic impact of the COVID-19 pandemic, while also promoting self-reliant and self-sustaining growth in the country.
Atmanirbhar Bharat Abhiyan is being implemented through a combination of monetary measures, structural reforms, and public expenditure. The implementation of the scheme is being carried out by multiple central government agencies and departments, including the Ministry of Finance, Ministry of Micro, Small and Medium Enterprises, Ministry of Agriculture and Farmers' Welfare, Ministry of Rural Development, Ministry of Health and Family Welfare, and others.
1. Monetary Measures: The government has announced a series of monetary measures, including a Rs 20 lakh crore economic package, which includes a combination of liquidity measures and fiscal measures to provide support to the most affected sectors of the economy.
2. Structural Reforms: The government has also announced a number of structural reforms aimed at improving the ease of doing business, attracting investment, and promoting exports. These reforms include measures such as simplifying procedures, reducing the time and cost involved in starting a business, and providing support for technology upgrades.
3. Public Expenditure: The government is also increasing public expenditure on key areas such as healthcare, agriculture, and rural development, to provide support to the most vulnerable sections of society and boost the rural economy.
The implementation of Atmanirbhar Bharat Abhiyan is being monitored by a high-level committee, which is responsible for ensuring the effective and efficient implementation of the scheme and its various components. The government is also engaging with various stakeholders, including industry bodies, trade unions, and civil society organizations, to ensure that the benefits of the scheme reach the intended beneficiaries.
Atmanirbhar Bharat Abhiyan was launched by the government of India as a response to the economic impact of the COVID-19 pandemic. The pandemic has led to a global economic slowdown and has had a severe impact on India's economy, leading to job losses and a decline in economic activity.
The primary objective of Atmanirbhar Bharat Abhiyan is to make India self-reliant, or "atmanirbhar," by promoting domestic production, boosting the manufacturing sector, creating jobs, and providing support to the most vulnerable sections of society.
What is Atmanirbhar Bharat Abhiyan?
Atmanirbhar Bharat Abhiyan is a comprehensive economic package announced by the Government of India to boost the country's self-reliance and revive the economy in the wake of the COVID-19 pandemic.
What are the objectives of Atmanirbhar Bharat Abhiyan?
The main objectives of Atmanirbhar Bharat Abhiyan are to provide financial support to the most affected sectors of the economy, protect workers, and ensure the availability of essential goods and services to the people. The scheme aims to promote self-reliant and self-sustaining growth in the country, making India a global leader in key areas such as manufacturing and technology.
What are the key components of Atmanirbhar Bharat Abhiyan?
The key components of Atmanirbhar Bharat Abhiyan include measures to support
Pharma Distributors In Bangalore - 2023 [Complete Details]
Registration and login on GST e-invoice portal: FAQs
GST updates and compliance calendar for October 2022