Atmanirbhar Bharat Abhiyaan

Overview

Atmanirbhar Bharat Abhiyaan or Self-reliant India campaign is the vision of new India envisaged by the Hon'ble Prime Minister Shri Narendra Modi. On 12 May 2020, our PM raised a clarion call to the nation giving a kick start to the Atmanirbhar Bharat Abhiyaan (Self-reliant India campaign) and announced the Special economic and comprehensive package of INR 20 Lakh Cr- equivalent to 10% of India’s GDP – to fight COVID-19 pandemic in India.

The aim is to make the country and its citizens independent and self-reliant in all senses. He further outlined five pillars of Aatma Nirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand. Finance Minister further announces Government Reforms and Enablers across Seven Sectors under Aatmanirbhar Bharat Abhiyaan.

The government took several bold reforms such as Supply Chain Reforms for Agriculture, Rational Tax Systems, Simple & Clear Laws, Capable Human Resource and Strong Financial System.

A self reliant India with 5 pillars

Economy

Quantum jumps, not incremental changes
Infrastructure

Represents modern India
Systems

Technology-driven systems
Demography

Vibrant Demography of the largest democracy
Demand

Full utilisation of the power of demand & supply

The Atmanirbhar Bharat stimulus package announced by the government consists of the following five tranches:

Schemes

Central
Partial Credit Guarantee Scheme 2.0 for NBFC

The government has approved extension of the existing Partial Credit Guarantee Scheme to support Non-Banking Finance Companies (…
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Central
Production Linked Incentive (PLI) Scheme for…

The Production Linked Incentive Scheme for White Goods (PLIWG) proposes a financial incentive to boost domestic manufacturing and…
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Central
Scheme and Guidelines for forwarding proposals…

The Cabinet Committee on Economic Affairs approved the continuation and Revamping of the Scheme for Financial Support to Public…
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Central
Scheme Guidelines for Remission of Duties and…

Refund the duties, taxes, and levies at Central, State and local level that are currently unrefunded.
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Central
Special Liquidity Scheme for NBFCs/HFCs/MFIs

The government has launched a special liquidity scheme of INR 30,000 cr for Non-Banking Finance Companies (NBFCs), Housing…
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Central
Subordinate Debt for MSMEs

The government has allowed assistance in the form of subordinate debt to MSMEs which are stressed or have become NPA (as on 30th…
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State
Swa-nirbhar Naari: Atmanirbhar Asom Scheme

The new scheme aims to create more than 3.72 lakh sustainable individual and 822 community assets benefitting around four lakh…
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