The Atmanirbhar Bharat Abhiyan announced by PM Modi is an economic package totaling Rs 20 lakh crore. The economic package would focus on land, labor, liquidity, and laws. It would benefit laborers, farmers, honest taxpayers, SMEs, and the cottage industry.
PM Modi said that the coronavirus outbreak has provided an opportunity for India to become self-reliant. Therefore, he announced a Rs 20 lakh crore package to revive the economy that has been badly affected by the coronavirus pandemic. PM Modi also talked about lockdown 4.0 during this discussion.
The Atmanirbhar Bharat Abhiyan or Self-reliant India Mission is about 10 percent of India’s GDP in 2019-20. It would rank behind Japan, the US, Sweden, Australia, and Germany. When India speaks of self-reliance, it does not advocate for a self-centered system. PM Modi said, “In India’s self-reliance there is a concern for the whole world’s happiness, cooperation, and peace.”
The World Bank has also praised the Atmanirbhar Bharat Mission announced by PM Modi because it can help in converting the Covid-19 crisis into an opportunity to achieve economic self-reliance.
Highlights of the Atmanirbhar Bharat Abhiyan
- The Prime Minister had asked the nation to go ‘Vocal for Local’ which means using goods manufactured in India.
- According to PM Modi, India is now manufacturing 2,00,000 PPEs and N95 masks daily.
- The economic package will be focused on strengthening local markets, production, and supply chains.
- The package will focus on empowering the poor, laborers and migrant workers.
Five Pillars of Self-Reliance
In Atmanirbhar Bharat Abhiyan, PM Modi emphasized on the fact that India will have to become self-reliant to fight Covid-19 effectively. He also described the five pillars that serve as the foundation for a self-reliant India. These five pillars include economy, infrastructure, system, demography, and demand.
PM Modi said that the government was looking for a quantum jump in the economy and not incremental change.
We need an Infrastructure that should become the identity of modern India.
We need a system that should be based on 21st-century technology-driven arrangements.
India is the world’s biggest democracy and a vibrant democracy is our strength. It is the source of energy for a self-reliant India.
The supply chain should be utilized to full capacity to meet strong demand.
Main Components of Atmanirbhar Bharat Abhiyan
The Finance minister, Nirmala Sitaraman has conducted a brief conference on 13th May 2020. The measures announced under the Atmanirbhar Bharat Abhiyan are as follows:
Pradhan Mantri Garib Kalyan Package
Under this, Rs. 1.70 Lakh Crore relief package has been provided for the poor to help them fight the battle against Corona Virus. It includes:
- Insurance Cover of Rs 50 Lakh per health worker.
- About 80 crore poor people given the benefit of 5 kg of wheat or rice per person for the next 3 months.
- 1 kg pulses for each household for free every month for the next 3 months.
- 20 crore women Jan Dhan account holders get Rs 500 per month for the upcoming 3 months.
- Gas cylinders will be provided free of cost to 8 crore poor families for the next 3 months.