Atmanirbhar Bharat Abhiyan: Objectives and Benefits

India has been on its quest to become more self-reliant ever since the pre-independence era, with activities such as the Swadeshi movement. However, the COVID-19 issue and its subsequent lockdown were severe to the Indian economy and businesses. The Indian PM, Narendra Modi, thus, launched the Aatmanirbhar Bharat scheme following this crisis, trying to make India more self-reliant to recover from it.

Are you curious to learn more about the Aatmanirbhar Bharat Abhiyan? This article will give you a clear idea about the benefits and features of this mission!

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What is Atmanirbhar Bharat Abhiyan?
Pillars of Atmanirbhar Bharat Abhiyan
Objectives of Aatmanirbhar Bharat Abhiyan
Features of Aatmanirbhar Bharat Abhiyan
Benefits of Aatmanirbhar Bharat Abhiyan
Frequently Asked Questions

What is Atmanirbhar Bharat Abhiyan?

The current Indian PM, Narendra Modi has always emphasised developing a "self-reliant India", precisely economic vision and achievements. A sudden pandemic occurred around the world towards the beginning of 2020, which led to most countries starting a complete lockdown. It naturally brought a sharp sales drop in most industries, and businesses faced significant losses.

The PM introduced this Aatmanirbhar Bharat scheme in this context. It came as an economic package of ₹ 20 lakh crores to support India and its economy during this crisis. This mission mainly emphasised five components with this package, including economy, infrastructure, systems, vibrant demography, and demand. Moreover, the Ministry of Tribal Affairs (MoTA) also actively pursues AatmanirbharBharat Abhiyan through self-reliant projects and policies.

Pillars of Atmanirbhar Bharat Abhiyan

Atmanirbhar Bharat Abhiyan, the self-reliant India mission, is an economic stimulus package by the Government of India to support different sectors after the COVID-19 pandemic. It is founded on five pillars, which include:

1. Economy

This pillar concentrates on boosting the economy through support for different sectors, improvement in infrastructure and ease of doing business. These encompass reforms meant to make India more competitive and resilient.

2. Infrastructure

This pillar focuses on developing infrastructure across the country that will improve connectivity, logistics and industrial growth. Infrastructure investments aim to be drivers of economic activity leading to job creation.

3. System

It aims to improve overall governance systems, including taxation reforms, labour laws, and regulatory frameworks, to make them more efficient and friendlier to business.

4. Vibrant Demography

We can take advantage of demographic dividends by investing in skills, education, and employment opportunities so that our large population becomes a powerhouse.

5. Demand

Enhancing people's purchasing power and igniting domestic consumption by creating robust demand.

These pillars establish a strong foundation for inclusive growth, self-sufficiency, and sustainable development in India.

Objectives of Atmanirbhar Bharat Abhiyan

The AatmaNirbharBharat Abhiyan can effectively recover from an economic disaster after COVID-19 and make Indian citizens more self-reliant. If you are still wondering about the expected outcomes of this scheme, check out its objectives as listed below.

Strengthen the local manufacturers and service providers to enhance a sense of self-reliance in the nation
Improve the standard of living by focusing on the trade deficit and the exchequer balance
Revive every sphere of the economy with a rise in fiscal stimulus
Emphasis on self-reliance with a focus on land, labour, liquidity, and laws
Issue economic packages equivalent to 10% of the Indian GDP
Special incentives and funds for small businesses and farmers who faced losses from COVID-19

Features of Atmanirbhar Bharat Abhiyan

While this AatmaNirbharBharat scheme focuses on making India self-reliant, there are several other activities and features associated with it. Becoming self-sufficient is usually a long and complex process. Learning more about all the subordinate activities and features of the AatmaNirbharBharat Abhiyan will help you understand it further.

1. Businesses and MSMEs

The activities of the AatmaNirbharBharat scheme aim to benefit businesses, including cottage industry, MSMEs, labourers, middle class, and others. In this context, the Pradhan Mantri Garib Kalyan Package of ₹ 1.70 lakh crores can be considered a relief package for the poor to help battle against COVID-19. Moreover, there have been initiatives to extend the last date for Income Tax Returns, file GST returns, custom clearance, all day long, etc. Businesses, including MSMEs, can avail of business loans up to ₹ 25 crores outstanding and ₹ 100 crores turnover.

2. Poor and Backward Classes

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

Moreover, the State Governments plan to utilise the State Disaster Response Fund (SDRF) to develop shelters for migrants and provide their daily essentials. The scheme details of AtmaNirbharBharat Abhiyan also include a disbursal of Revolving Fund (RF) to Self Help Groups. Minimum wages were made applicable to 30% of the rural labourers, and Affordable Rental Housing Complexes (ARHC) were built for migrant labourers and urban low-income families.

3. Agricultural Features

To learn more details about AtmaNirbharBharat Abhiyan, you need to consider its emphasis on farming activities in India. Additional Emergency Working Capital for farmers through NABARD provides aid of ₹ 30,000 crores to benefit over three crore farmers. PM KISAN fund has exceeded ₹ 18,700 crores in this period, with an investment of ₹ 1 lakh crores for Agri Infrastructure Fund for farm-gate infrastructure. The Government has also developed a ₹ 10,000 crores scheme to formalise Micro Food Enterprises (MFE). Pradhan Mantri Matsya Sampada Yojana (PMMSY) supports fishermen with ₹ 20,000 crores.

4. New Growth Horizons

With this new AatmaNirbharBharat scheme, the Indian Government is also trying to upgrade the industrial infrastructure of India. The Industrial Land/ Land Bank is made available for inviting new investment. Moreover, the coal sector has got competition through Revenue sharing mechanism instead of a regime of fixed Rupee/tonne. The Government has also invested about ₹ 50,000 crores in Diversified Opportunities in the Coal Sector. Private investments in the mineral sector will help in a seamless composite exploration-cum-mining-cum-production regime.

5. Government Reforms

The Government aims at introducing a large number of reforms under the AatmaNirbhar scheme. Corporate Law measures have resulted in 44% Recovery in 221 resolved business cases. SWAYAM PRABHA DTH channels have been developed to support people who do not have access to the internet. The PM eVIDYA, on the other hand, is a program for multi-mode access to digital/online education.

6. Assistance to Startups and Promotion of Entrepreneurship

Benefits and assistance to startups include tax breaks, a business-facilitating environment and access to venture capital funding & angel networks. Fund of Funds for Startups (FFS) is a government effort to assist startups who are in need of funds with a focus on sectors such as biotechnology and manufacturing agriculture, among others.

7. Education and Skill Development

National Education Policy (NEP) 2020 is an all-encompassing road map for the future of the Indian education system with emphasis on curriculum reform, vocational training priority and research innovation promotion. Skill India Mission is a training and skilling initiative aimed at providing essential skills required by the workforce to match emerging job markets.

Benefits of Atmanirbhar Bharat Abhiyan

Now that you know all about the scheme of AatmaNirbharBharat, you can identify its specific goal of reviving self-dependency in the Indian business context. As the COVID-19 pandemic caused the immediate downfall of business and sales, the Government aims at improving the situation with new sets of regulations. Check out the following benefits of AatmaNirbharBharat mission to throw further light on the issue.

Sanction of ₹ 3 lakh crore for unsecured loans to MSMEs with an annual turnover of ₹ 100 crores
Investment of ₹ 90,000 crores bailout to discoms and independent power producers
Fiscal assistance for improving cold chains, warehousing, post-harvest management and dairy infrastructure
NABARD will allow a financing facility for funding agriculture infrastructure projects
Pradhan Mantri Matsya Sampada Yojana for improving marine and inland fisheries
Investment of ₹ 30,000 for a particular liquidity scheme for debt papers of NBFCs, HFCs, and MFIs
Extension in payment of Income Tax and GST for businesses
Investment in improving five pillars, including economy, infrastructure, systems, demography and demand
Measures to increase the inclusion of private business persons in the space exploration market.
Legal framework for direct overseas listing of Indian companies.
Empowerment of street vendors through a special credit facility.
Increase in MGNREGA allocation by ₹ 40,000 crores.
Boost to the health sector with investments in public health labs and health and wellness centres.
Promotion of Indigenous defense production through increased FDI limits.
Enhanced public sector bank recapitalisation for financial stability. Support for the aviation sector through reforms and investments in airports.

As you can see, the development of the AatmaNirbharBharat scheme has been a reasonable attempt to recover from the losses of COVID-19. It is a government initiative to help businesses, MSMEs, industries, backward classes and farmer families. If you are a beneficiary, you will be able to utilise the range of facilities from the Central Government of India.

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FAQs about Atmanirbhar Bharat Abhiyan

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When did AatmaNirbharBharat Abhiyan start in India?

The Indian Prime Minister Narendra Modi launched the AatmaNirbharBharat Abhiyan on 12th May 2020.

What are the schemes launched under AatmaNirbharBharat?

The Prime Minister has also launched the AatmaNirbharBharat Rozgar Yojana under this scheme. It aims at incentivising job creation under the EPFO (Employees' Provident Fund Organisation).

What is the slogan of Atmanirbhar Bharat?

Some of the slogans initiated under Atmanirbhar Bharat are "vocal for local", '"local for global", "make for the world", and "brain drain to brain gain".

What are the examples of Atmanirbhar Bharat?

Under the Atmanirbhar Bharat Abhiyan package, the government facilitated structural reforms such as redefinition of MSMEs, commercialisation of the mineral sector, agriculture & labour reforms, privatisation of public sector undertakings, One Nation One Ration Card initiative and production-linked incentive schemes.

What are the 5 pillars of Atmanirbhar Bharat?

The five pillars of Atmanirbhar Bharat are Economy, Infrastructure, System, Demography, and Demand.

What are the targets of Atmanirbhar Bharat?

The targets of Atmanirbhar Bharat are to make the country and its citizens self-reliant in all senses and transform India into a global supply chain hub.

What are the phases of Atmanirbhar Bharat?

The Atmanirbhar Bharat initiative is structured in five phases: businesses, including MSMEs; poor, including migrants and farmers; agriculture, New Horizons of Growth; Government Reforms; and Enabler.

What is Atmanirbhar Bharat's main motive?

The main motive of Atmanirbhar Bharat is to foster self-reliance and resilience in India by enhancing domestic production, boosting local industries, and reducing dependency on imports.

What is the budget of the Atmanirbhar Bharat scheme?

The budget of the Atmanirbhar Bharat Abhiyan (Self-Reliant India Mission) in 2020 was Rs 20 lakh crore.

What are the advantages of Atmanirbhar Bharat Abhiyan?

The Atmanirbhar Bharat Abhiyan promotes economic growth, boosts domestic manufacturing, creates jobs, reduces import dependency, and strengthens national resilience.

Who launched Atmanirbhar Bharat?

The Atmanirbhar Bharat scheme was launched by the Prime Minister Narendra Modi.

What are the challenges Atmanirbhar Bharat Abhiyan is facing?

The challenges of Atmanirbhar Bharat Abhiyan include overcoming structural inefficiencies, ensuring adequate funding, addressing skill gaps, and managing supply chain disruptions.

What is the role of MSME in Atmanirbhar Bharat Abhiyan?

MSMEs play a crucial role in Atmanirbhar Bharat Abhiyan by driving innovation, creating jobs, and enhancing domestic manufacturing capabilities.

How does Atmanirbhar Bharat affect the economy?

Atmanirbhar Bharat Abhiyan contains bold reform initiatives across various sectors to promote business, attract investment, improve the local supply chain, and further strengthen Make in India. These initiatives will drive the country's economy towards self-reliance in the coming years.

What is Atmanirbhar Bharat's main objective?

The objective of the Atmanirbhar Bharat Abhiyaan is to make India self-reliant by strengthening its economic system and giving a new direction to its development journey.

Who is eligible for the Atmanirbhar scheme?

An employee drawing monthly wage of less than Rs. 15000/- who was not working in any establishment registered with the Employees' Provident Fund Organization (EPFO) before 1st October, 2020 and did not have a Universal Account Number or EPF Member account number before 1st October 2020 is eligible for the benefit.

What is the aim of Atmanirbhar Bharat Abhiyan?

Atmanirbhar Bharat Abhiyan aims to create a self-reliant India by boosting domestic production, reducing dependence on imports, and fostering economic growth through support for various sectors, especially manufacturing and MSMEs.

What is the need for Atmanirbhar Bharat?

The need for Atmanirbhar Bharat arises from the desire to strengthen India's economic independence, reduce reliance on imports, enhance local manufacturing capabilities, create jobs, and build a resilient economy capable of withstanding global disruptions.

Is Atmanirbhar Bharat successful?

Yes, Atmanirbhar Bharat has successfully driven significant economic reforms, boosted domestic manufacturing, and fostered a more self-reliant economy.

What are the salient features of Atmanirbhar Bharat Mission?

The Atmanirbhar Bharat Mission focuses on boosting domestic manufacturing, improving infrastructure, and supporting MSMEs through economic reforms and incentives. It also aims to enhance local supply chains, promote innovation, and create a more self-reliant economy.

How to apply for Atmanirbhar?

To apply for Atmanirbhar Bharat schemes, individuals and businesses should visit relevant government portals or consult local district offices for specific program details and application procedures. Applications typically involve submitting required documentation and adhering to the guidelines set by the respective scheme.

Does Atmanirbhar Bharat provide health benefits to the people of India?

Yes, the Atmanirbhar Bharat initiative was launched to make India self-reliant by boosting manufacturing, strengthening local supply chains and supporting small businesses. It includes reforms in sectors like agriculture, education and healthcare.

As part of the broader focus on self-reliance, the government has also emphasised health infrastructure and affordable health insurance plans to make citizens economically and physically strong.