2. Introduction
๏ฑ Atmanirbhar Bharat Abhiyan (Self-reliant India Mission) is a campaign
launched by the Central Government of India which included an Rs.20 lakh
crore economic stimulus package and a number of reform proposals.
๏ฑ As part of the relief measures in the aftermath of COVID-19, the Prime
Minister announced a special economic package and gave a clarion call
for โAtmanirbhar Bharatโ or โSelf-reliant Indiaโ.
๏ฑ He noted that this package totals Rs 20 lakh crore, including the
governmentโs recent announcements on supporting key sectors and
measures by Reserve Bank of India, which is equivalent to almost 10% of
Indiaโs GDP.
3. 3
WHAT IS ATMANIRBHAR BHARAT ?
๏ฑ The meaning of the term โAtmanirbhar Bharatโ is self-reliant India.
๏ฑ In his speech, the Prime Minister observed that to fulfill the dream
of making the 21st century Indiaโs, the way forward is through
ensuring that the country becomes self-reliant.
๏ฑ Talking about turning a crisis into an opportunity, he gave the
example that the production of PPE kits and N-95 masks in India
has gone up from almost being negligible to 2 lakh each, daily.
๏ฑ Remaking that self-reliance is the only way out for India, the PM
quoted from our scriptures โEshah Panthahโ, that is โ self-sufficient
India.
4. ๏ฑ Self-reliance will make globalization human-centric. The definition of
self-reliance has changed in a globalized world and it is different from
being self- centred. Indiaโs fundamental thinking and tradition of
โVasudhaiva Kutumbakamโ provides a ray of hope to the world.
๏ฑ Self-reliance does not mean cutting India off from the world. India
believes in the welfare of the world and Indiaโs progress is linked with
the world. The world trusts that India has a lot to contribute to the
development of the entire humanity.
๏ฑ The PM also stressed on the need to be vocal for local products and
urged people to buy only local products.
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5. 5
FROM WHERE WILL THE MONEY COME FOR
20 LAKH CRORE PAKAGE?
There are two ways government finances its deficit:
โ through market borrowing, both internal and external
โ deficit monetization by the RBI.
The former increases public debt which has to be paid by future
generations through higher taxes. The latter if done excessively can lead
to high inflation.
It looks inevitable now that RBI will have to monetize big part of the
deficit. In other words, RBI will have to print currency to finance the 15-
16% fiscal deficit. This is including the deficit of state governments.
Borrowing from the private sector is one
7. Five pillars of Atmanirbhar Bharat
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INFRASTRUCTURE
SYSTEM
DEMOGRAPHY
DEMAND
8. โ
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Five Pillars of a Self-reliant India
๏ถEconomy: contemplates not an Incremental change but a quantum leap
so that we can convert the current adversity into an advantage.
๏ถInfrastructure: that can be an image of modern India or it can be the
identity of India.
๏ถSystems: driven by 21st-century technology, and that is not based on
old rules.
๏ถDemocracy: a vibrant democracy that is the source of energy to make
India self- reliant.
๏ถDemand: where the strength of our demand and supply chain is utilized
intelligently.
9. ๏ฑ Prime Minister announced the โAtmanirbhar Bharat Abhiyan (or Self-reliant
India Mission)โ with an economic stimulus package worth Rs 20 lakh crores
aimed towards achieving the mission. This package will give a new impetus to the
development journey of the country in 2020 and a new direction to the
Atmanirbhar Bharat Abhiyan campaign.
๏ฑ The announced economic package is 10% of Indiaโs Gross Domestic Product
(GDP) in 2019-20.
๏ฑ The amount includes packages already announced at the beginning of the
lockdown incorporating measures from the RBI and the payouts under the
Pradhan Mantri Garib Kalyan Yojana.
๏ฑ The package focuses on land, labour, liquidity and laws.
Atmanirbhar Bharat and Economic Stimulus
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10.
11. Special Economic and Comprehensive
Package of Rs 20 Lakh Crore
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๏ฑTranche 1 โ relief and credit support related to businesses, especially
the MSMEs to support Indian Economy to fight against COVID-19.
๏ฑTranche 2 โ short term and long-term measures for supporting the
poor, including migrants, farmers, tiny businesses and street vendors.
๏ฑTranche 3 โ measures to strengthen Agriculture Infrastructure
Logistics, Capacity Building, Governance and Administrative Reforms
for Agriculture, Fisheries and Food Processing Sectors.
12. ๏ฑ Tranche 4 โ structural reforms across Eight Sectors i.e. Coal,
Mineral, Defense, Civil Aviation, Power, Social, Space and Energy
Sectors paving way for Aatma Nirbhar Bharat.
๏ฑ Tranche 5 โ measures towards Government Reforms and Enablers
in seven measures such as providing employment, support to
businesses, Ease of Doing Business, and State Governments as well
sectors such as Education and Health.
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13. 13
S.NO PART FOCUS AREA AMOUNT (RS. IN
CRORE)
1 Part 1 : May 13, 2020 Businesses including MSMES 5,94,550
2 Part 2 : May 14, 2020 Poor including migrant and
farmers
3,10,000
3 Part 3 : May 15, 2020 Agriculture 1,50,000
4 Part 4 & 5 : May 16, 2020
: May 17, 2020
New horizons of growth
government reforms and
enablers
48,100
Sub total: 11,0,2650
Earlier Measures incl
PMGKP
1,92,800
RBI Measures 8,01,603
Sub total: 9,94,403
Grand total: 2 0 , 9 7 , 0 5 3
18. CONCLUSION....
๏ฑ Conclusion The Atmanirbhar Bharat Abhiyan is an
important mission for the economic revival and
progress of the Indian economy under lockdown.
๏ฑ The Atmanirbhar Bharat has been praised for
reintroducing the idea of Swaraj as a redemptive tool
for the post-pandemic Indian economy.
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