The central government of India launched the Atmanirbhar Bharat or self-Reliance India mission which includes an economic stimulus package of rupees 20 lakh and several reform proposals. This mission was established under the new India campaign. Prime Minister Narendra Modi announced this as a special economic package as a part of release measures in the aftermath of Covid-19. During the launch of Atmanirbhar Bharat Abhiyan Prime Minister Narendra Modi into fulfilling the dream of making 21st century India a self-reliant country.
Prime Minister Narendra Modi has outlined 5 pillars of Atmanirbhar Bharat that are economic infrastructure system vibrant democracy and demand. The government reforms are supply chain reforms for agriculture, rational tax systems, simple and clear laws, capable human resource, and, a strong financial system.
Mukhyamantri Matrushakti Yojana Launched By Prime Minister Narendra
Atmanirbhar Bharat: Five pillars of self-reliant India
- Economy- Quantum jumps, not incremental changes.
- Infrastructure- Aims to represent modern India.
- Systems- Aims to be technology-driven
- Demography- vibrant demography of the largest democracy
- Demand- full utilization of the power of demand and supply.
Atmanirbhar Bharat: Tranches announced by the government of India
|Tranche 1- It contains 16 specific announcements and they include MSME, NBFC, Real Estate, and Power sectors|
|Discoms||90000 crore liquidity injection has been announced.|
|Real estate||The states and union territories have been advised to extend the registration and completion date of real estate projects by 6 months.|
|Tranche 2- It focuses on providing free food grains to migrant workers (Without Ration Cards)|
|Free Food Grains||The center will spend 33500 crores for providing free food grains for migraine workers who do not possess ration cards for the next 2 months.|
|Subvention Relief||2% interest will be received for those who have taken loans for small businesses under the MUDRA-Shishu scheme worth rupees 50000 or less.|
|Affordable rental housing||
|One nation one ration one scheme||The scheme aims to provide ration card portability to 67 crores NFSA beneficiaries in 23 connected States to use their cards at any shop anywhere in the country.|
|MGNREGA||States are directed to enroll migrant workers returning to their native places in the MGNREGA scheme.|
|Tranche 3- It focuses on agricultural marketing reforms|
|Agriculture infrastructure||Investment of rupees 1.5 Lakh crore to build farm gate infrastructure and support logistics needs for fish workers, livestock farmers, vegetable growers, beekeepers, and related activities.|
|Tranche 4- It focuses on the defense, aviation, power, mineral, atomic, and space sector|
|Minerals||The government Monopoly on coal would be removed with the introduction of commercial mining on a revenue-sharing basis and the private sector would be allowed to bit for 50 coal blocks.|
|Power||Power departments and utilities and distribution companies in union territories would be privatized based on a new traffic policy to be announced.|
|Atomic||Research reactors in the PPP mode would be set up for the production of medical isotopes.|
FAQs on Atmanirbhar Bharat
1. What is Atmanirbhar Bharat Abhiyan?
Ans. Atmanirbhar Bharat Abhiyan is an initiative by Prime Minister Narendra Modi which is also known as the self-reliant India campaign which is a new vision of a new India.
2. How big is the Atmanirbhar Bharat package?
Ans. The Atmanirbhar Bharat package consists of a total of rupees of 20 lakh crores which also includes the reserve bank of India as per the government’s recent announcement on supporting key sectors and measures which is equivalent to 10% of India’s GDP.
3. What are the government reforms under Atmanirbhar Bharat Abhiyan?
Ans. The government reforms under the admin Bharat Abhiyan are announced by the finance minister which are supply chain reforms for agriculture, a rational tax system, simple and clear laws, capable human resources, and a strong financial system.