What is Atma Nirbhar Bharat Abhiyan?
Prime Minister Narendra Modi announced a special economic and comprehensive package of Rs. 20 lakh crore, equivalent to 10% of India’s GDP under the Atma Nirbhar Bharat Abhiyan(Self-Reliant India Mission) on May 12, 2020.
It has been launched with the aim of making the country independent against the tough competition in the global supply chain and to help in empowering the poor, laborers, migrants who have been adversely affected by COVID.
The package will provided much needed boost towards achieving self-reliance. The package will also focus on land labour, liquidity and laws.
It will cater to various sections including cottage industry, MEME, laborers, middle class and industries, among others.
OBJECTIVES OF SCHEME
The focal point on the concept is to make the nation self-reliant with more focus on local manufactures and service providers.
It aims to strengthen the economy, improve the standard of living and most importantly improve the tread deficit and the exchequer balance of the country.
It aims to make the country self reliant in all spheres-from manufacturing to supplying and to reduce its dependence to imports and also give a boost to export.
FIVE PILLERS OF A SELF –RELIANT INDIA
Economy which brings in quantum jump and not incremental change.
Infrastructure which should became the identity of India
System based on 21ST – century technology-driven arrangements.
Vibrant Demography which is our source of energy for a self reliant India.
Demand whereby the strength of our demand and supply chain should be utilized to full capacity.
FOUR TRANCHES OF THE ECONOMIC RELIEF PACKAGE
The government announced the Atma Nirbhar Bharat Abhiyan’ so as to revive every sphere of the economy from demand, supply to manufacturing, and make India reliant to sustain and tackle any Black Swan in the future
The reforms and stimulus measures under 20 lakh crore package were subsequently elaborated by the Finance Minister Nirmala Sitaraman in four tranches . ‘
The 1st tranches if relief measures are worth Rs. 594550 crore and including funding as well as loan guarantees for MSMEs, NBFCs, HFCs, discoms, contractors, real state estate and salaried workers.
The second tranches of relief measures are worth rs. 310000 crore with focus on migrant workers, farmers, street vendors and the poor.
The third tranche of relief measures are worth rs. 150000 crore with core focus on the agriculture and allied sectors like dairy, animals husbandry, and fishers so as to strengthen the overall farm sector.
The final tranche of measures are worth rs. 48100 crore with focus on 8 critical sector which are coal minerals , defence production, Airspace management, Social infrastructure projects, Power distribution companies, Space Sectors, and Atomic energy.
OTHER MAJOR DECISIONS TAKE UNDER SCHEME
Under Atma Nirbhar Bharat Abhiyan decisions are also made to reform labour, agriculture coal sector etc.
Labour Sector Reforms to avoid regional disparity in minimum wages, National Floor Wage to be introduced.
Occupational safety & Health (OSH) code to cover all establishments engaged in hazardous work.
Definition of the inner state migrant worker to include migrant workers employed directly by the employer.
Provision for social Security Fund for unorganized workers. Provision of gratuity on completion of one year service against 5 years,
AGRICULTURE MARKETING REFORMS
A law will be formulated to provide choices to farmers to sell product at an attractive price and enable barrier free inner state trade.
The legal framework will be created towards contract farming and enable farmers to engage with processors, aggregators, large retailers, exporters in a fair and transparent manner.
Risk mitigation for farmers assured returns and quality standardization to be an integral part of the framework.
COAL SECTOR REFORMS introduction of commercial mining in the coal sector through a revenue sharing mechanism instead of the regime of fixed Rupee/tonne.
Coal Bed Methane (CBM) extraction rights to be auctioned from Coal India Limited’s (CIL) coal mines.
DEFANCE SECTOR REFORMS – ban the import of several weapons and a separate budget provisioning for domestic capital procurement to help reduce the huge defence import bill.
Corporatize the Ordnance Factory board to improve autonomy, accountability, and efficiency.
EDUCATION SECTOR REFORMS
PM e-VIDYA programmed for multi-mode access to digital/online education will be launched. The programme will comprise one earmarked TV channel per class from 1 to 12. Special e-content will be prepared for visually and hearing impaired to automatically start online course by May 30, 2020
Manodarpan – an initiative for psycho –social support of students, teachers, and families for mental health and emotional well being, will also be launched simultaneously.
National Foundational Literacy and Numeracy Mission will be launched in December 2020 to ensure that every child attains learning levels and outcomes in grade 5 by 2025.