Aatma Nirbhar Bharat aims to make the country and its citizens independent and self-reliant in all senses.
The Atmanirbhar Bharat Abhiyan was launched on May 12, 2020, by the Indian Prime Minister, Mr. Narendra Modi, to help the country recover from the economic impact of the Coronavirus pandemic by promoting self-reliance. The scheme’s goal is to turn a crisis into an opportunity by reducing reliance on imports and promoting quality indigenous products.
The Aatma Nirbhar (self-reliance) initiative is built on five key pillars: Economy, Infrastructure, Our System, Demography, and Demand. Following the scheme’s announcement, Finance Minister Nirmala Sitharaman unveiled five separate economic relief packages to support various sectors’ growth. They are;
The Government has the following objectives to fulfill the goals of Aatmanirbhar Bharat Abhiyan.
Contemplating the role of this sector in Employment generation, promotion of entrepreneurship, regional development, export promotion, innovation, reduction of income disparities, and support for large industries, the Government of India along with the Reserve Bank of India launched the following initiatives.
The below schemes help businesses in the MSME sector and are expected to contribute largely to India’s economic growth.
Prime Minister’s Employment Generation Programme (PMEGP) | Trade Receivable Discounting System (TReDS) |
Pradhan Mantri Mudra Yojna (PMMY) | Emergency Credit Line Guarantee Scheme (ECLGS) |
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