“Aatmanirbhar Bharat” as the name suggests is an Government of India and a vision of PM Narendra Modi to make India self-reliant in manufacturing and various other sectors.
During the COVID-19 pandemic, India had suffered a lot because many medical equipments like ventilators, surgical masks and sanitizers which are the main safety measures to control COVID-19 were not manufactured in India in appropriate numbers. In many hospitals, Liquid Medical Oxygen (LMO) was not manufactured and was transported from oxygen plants that are far away from hospitals.
After seeing this situation, Government of India and PM Modi decided to launch “Atmanirbhar Bharat” scheme on 12th May 2020. At that time 20 lakh crore rupees were alloted for this which is equivalent to 10% GDP of India. The 3 packages that are given till now on 12th May 2020, 12th October 2020 and 12th November 2020 for bringing Indian economy out of the COVID-19 pandemic were announced under the “Atmanirbhar Bharat” Abhiyan. This Abhiyan is now extended to almost all other major and MSME sector industries including Ministry of Consumer Affairs, Ministry of Health, Ministry of Defence, Ministry of Railways, Ministry of Roads and Water Transport, Ministry of Airways, Ministry of Education, etc. The major announcements that are made under this Abhiyan are as follows :-
- To improve the condition of hard hit State Governments due to COVID-19, borrowing limits of State Governments has been increased from initially 3% to now 5% of the Gross State GDP.
- To reduce the working cost of Central Government, Privatisation of Public Sector Enterprises (PSEs) will be undertaken. Only certain strategic PSEs will continue to work under Central Government otherwise majority of other PSEs will now be Private owned.
- MSMEs which are the backbone of our industrial sector will be provided collateral free loans of upto 3 lakh crore rupees. The Government will give the guarantee to banks and NBFCs for these loans on behalf of the MSMEs.
- To initiate high quality production and empower the MSMEs, all the global tenders of under 200 crores will be disallowed and will be given to MSMEs of India.
- An additional 2 lakh crore rupees fund will be made to provide institutional credit facilities at subsidised rates through Kisan Credit Cards.
- A 1 lakh crore rupees Agri Infrastructure Fund will be made to improve and develop infrastructure required for agriculture such as building of new cold storages and modernisation of APMCs.
- “One Nation One Card” scheme will help migrant labourers by allowing them to access the PDS (Ration) from any Ration shop across the country.
- More than 80 crore people under the BPL scheme will additionally get 5kg of grains per person and 1kg of chana per family per month. This scheme is now extended upto Diwali 2021.
- To improve the defence sector by bringing new technologies and working methods, FDI is increased from previously 49% to now 74%.
- To promote Make in India Initiative under “Atmanirbhar Bharat” Abhiyan, a list of 108 certain weapons and artilleries including machine guns, tanks engine, radars, etc. will be made in India and import of these weapons and artilleries is completely banned.