Atmanirbhar Bharat scheme details are covered in this article. Atmanirbhar Bharat (Self-reliant India) is the intuition of Prime Minister of India Narendra Modi of creating India a self-contained power. The COVID-19 pandemic has created a grave danger to our nation's financial resources. To prevail over these difficult times of the pandemic, Prime Minister Shri Narender Modi gave the vision of Atmanirbhar Bharat and came up with the Atmanirbhar Bharat scheme to empower the economy of the country. A remarkable Atmanirbhar Bharat scheme of Rs 20 lakh crore, which is about 10% of our GDP, was declared to bring back the economy of our nation on the road and to fight the difficult time of distress. At this time of distress, Aatmnirbhar Sena has taken a pledge to go with "Make in India" drive and uplift and increase manufacturing and production in India.
Also, Aatmnirbhar Sena will come up with new strategies for uplifting the women entrepreneurs in India and guiding them on their entrepreneurial journey to eventually build a self-sustainable country.
The Atmanirbhar Bharat package mainly focuses on land, labor, liquidity, and laws, which will serve diverse sections of society comprising the cottage industry, MSMEs, laborers, and migrants' class, and enterprises among others too.
Under the Atma Nirbhar Bharat scheme details, the main focus is kept on five things which are: system, economy, infrastructure, vibrant demography, and demand.
In the Atmanirbhar Bharat scheme, Hon'ble Finance Minister Smt. Nirmala Sitharaman announced reforms in different sections to create the way for Atmanirbhar Bharat Abhiyan.
Atmanirbhar Bharat Scheme Details- Major Announcements
In the MSME sector (Micro, Small, and Medium Enterprises)
- Collateral free Automatic Loans of Rs 3 lakh crore for businesses,
- Equity addition through MSMEs Fund to Funds of Rs 50,000 crore,
- Limiting Employees Provident Fund contribution for businesses and workers for up to three months,
- Extending the due dates of all, IT returns for the financial year 2019-20 up to 30 Nov, 2020,
- Partial Credit Guarantee Scheme 2.0 of Rs 45000 crore
Atmanirbhar Bharat Scheme Details for Migrant Workers and Farmers
- Free food grains to every migrant for up to 2 months,
- Accessible Rental Housing Complexes for migrants and poor,
- Special Credit Facility to street vendors of Rs 5000 crore,
- Complimentary Emergency Working Capital Funding for farmers from NABARD of Rs 30,000 crore,
- Concessional Credit Boost to 2.5 crore farmers from Kisan Credit Cards of Rs 2 lakh crore
Steps taken by Reserve Bank of India
- RBI made a decrease in Cash Reserve Ratio (CRR), occurring in the liquidity of Rs 1, 37,000 crores.
- TLTRO of Rs 50000 crore to invest in investment-grade bonds, NBFC, and MFI.
Farming, Cattle rearing, Fisheries, etc.
- Agriculture Infrastructure Fund for farmers of Rs 1 lakh crore,
- Pradhan Mantri Matsya Sampada Yojana (PMMSY) for fishermen of Rs 20,000 crore,
- Animal Husbandry Infrastructure Development Fund of Rs 15,000 crore,
- Beekeeping initiatives Rs 500 crore,
- Amendments in the Essential Commodities Act to enable the best price for farmers
- Reforms in Agriculture Marketing to provide marketing choices in agriculture to farmers
- Agriculture produce price and quality assurance
Reforms in various policies
- Reforms in policies to fast track investment to make way for Atmanirbhar Bharat
- Reforms in the coal-mining sector, minerals, and defense procurement
- Development of airports
To relieve the Indian Airspace
Limitations on using the Indian airspace will be facilitated, so non-military personnel flying turns out to be more productive. The move will bring a complete advantage of about Rs 1,000 crore for every year for the air travel sector through PPP.
Government Reforms
- To boost employment under MGNREGA Rs 40,000 crore,
- Public health reforms and drives to increment investment in public health care service and to prepare for future distress,
- PM e-VIDYA, technology guided education with equity after COVID,
- Improvement in Ease of Doing Business,
- Public Sector Enterprise Policy for "Self-reliant India”
Interest aid for MUDRA-Shishu Loan scheme
The government will grant an interest subsidy of 2 percent for instant payees for twelve months. And relief measure of Rs 150 crore to who takes loans through MUDRA-Shishu loans.
Assists to State Governments
The Atmanirbhar package will assist the state governments as their borrowings have increased from 3 to 5% for 2020-21. This will allow the state to spend on resources costing around Rs. 5 lakh crore. However, the borrowing will be up to fields like One Nation, One Ration Card, Electricity Distribution, etc.
Expansion in private participation in space-related works
India to provide a right field for private sector companies of aeronautics and space in satellites, launches, and space-based services. They will be authorized to use ISRO facilities and other relevant assets to improve their capability.
By following the Atmanirbhar Bharat scheme details, Aatmnirbhar Sena will be working to reconstruct the degraded lives of small shopkeepers. Hawkers and vendors and will uplift them in their respective businesses with affordable short-term and long-term loans.
Aatmnirbhar sena will provide the best possible training program, supporting and building platform to promote the self-sufficiency and startup culture and boost the Indian economy and make it more vibrant. Our organization Aatmnirbhar Sena will work with cooperation and passion with entrepreneurs and young upcoming volunteers to build their respective startups businesses and expand their startups throughout India and other countries.
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