ATMANIRBHAR
BHARAT ABHIYAN
CHANDRALIM PHUKAN (702)
CHARVI RAMPURIA (310)
KIRTI DUHAN (1087)
SUKSHMA AMOGHA (762)
SONI KUMARI (794)
CONTENTS
ATMANIRBHAR BHARAT MAKE IN INDIA SCHEME
ABHIYAN
Background and Introduction Introduction
Economic Packages Sectors in focus
Five major pillars of the Campaign advantages & Disadvantages
Criticisms & concerns
BACKGROUND
&
INTRODUCTION
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.
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 "Atmanirbhar Bharat" or "Self-reliant India".
He noted that this package totals Rs 20 lakh crore, including the
government's recent announcements on supporting key sectors and
measures by Reserve Bank of India, which is equivalent to almost 10%
of India's GDP.
WHAT IS ATMANIRBHAR BHARAT?
The meaning of the term 'Atmanirbhar Bharat' is self-reliant India.
In his speech, the Prime Minister observed that to fulfill the dream of making
the 21st century India, the way forward is through ensuring that the country
becomes self-reliant.
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.
Remaking that self-reliance is the only way out for India, the PM quoted from
our scriptures "Eshah Panthah", that is self-sufficient India.
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. India's fundamental thinking and tradition of "Vasudhaiva
Kutumbakam" provides a ray of hope to the world.
Self-reliance does not mean cutting India off from from the world, India
believes in the welfare of the world and Indian progress is linked with the
world. The world trusts that India has a lot to contribute to the development
of the entire humanity.
The PM also stressed on the need to be vocal for local products and urged
people to buy only local products.
ECONOMIC
PACKAGES
Economic packages under the Atma Nirbhar Bharat Abhiyan are the Government of
India's endeavour to enhance economic growth and lead the economy out of a
recession or economic slowdown. The primary goal of incorporating this programme
into the existing environment is to provide tax rebates, assistance, and exemptions
to small scale industries, impacted business sectors, and needy people. The
programme stimulates spending since spending generates demand, which leads to
an increase in employment, higher income, and so further expenditure. This cycle
will continue until the economy recovers from the doomsday impact. The highlights
of the Atma Nirbhar Bharat Abhiyan Economic Package are adequately written and
delivered at the appropriate moment. This unique economic package is around 10%
of India's GDP.
The Atma Nirbhar Bharat Economic Plan includes:
A Rs 20 lakh crore economic stimulus package, equal to 10% of India's GDP. The scheme's
major goal was to assist numerous MSMEs, migrant workers, labourers, sellers, and so on.
Under the highlights of the Atma Nirbhar Bharat Abhiyan Economic Package, the
government planned to grant Rs—3 lakh crores in collateral-free automatic loans to MSMEs.
The loans will be for four years with a 12-month moratorium on the principal amount. The
interest rate will also be limited. 100% credit-guarantee coverage on principle and interest
to banks and NBFCs; this facility will be accessible until October 31, 2020.
Under the objectives of the Atma Nirbhar Bharat Abhiyan Economic Package, the
Government of India would offer an extra subordinate loan of Rs.20,000 crores. The
government would contribute Rs.4000
The government would provide equity finance to MSMEs via a Fund of Funds with such a corpus
of Rs.10,000 crore. These funds will assist MSMEs in upgrading and becoming listed on the
stock exchange.
The government has stated that worldwide bids in government procurement tenders will be
limited to Rs.200 crore, as part of the Atmanirbhar Bharat Economic Package to shield Indian
enterprises from international competition and to encourage the practise of 'Make in India' and
self-reliance.
During the coronavirus outbreak, the government intends to provide financial assistance to
businesses. It has also resolved to extend assistance for EPF contributions for businesses and
their employees for three more months, both by the employer and the employee- 24% of
salaries.
Increased take-home pay for salaried employees is the next key step in the highlights from the
Atmanirbhar Bharat Economic package. For three months, the employer and employee
mandatory PF contributions will be cut to 10% each from the present 12%. This policy would
assist about 6.7 lakh enterprises and 4.3 crore employees.
TDS rates for non-salaried payments and TCS rates were decreased by 25% under the
highlights of the Atma Nirbhar Bharat Abhiyan Economic Package. This approach assures
liquidity of around Rs.50,000 crores.
Under the Atmanirbhar Bharat Economic Package, the Centre planned to raise state borrowing
limits from 3% to 5% for the fiscal year 2020-2021 only.
For the next two months, Rs 3500 crores would be spent on providing free food grain supplies
to all refugees.
For street sellers, a loan facility worth Rs 5,000 crore was created.
NABARD would grant Rs 30,000 crore in additional emergency working capital loans to
farmers as part of the highlights of the Atma Nirbhar Bharat Abhiyan Economic Package.
Kisan Financing Card provides Rs 2 lakh crores in concessional credit to 2.5 crore farmers.
Under the Atma-nirbhar Scheme, Rs 1 lakh billion has been set out for agriculture-related
aggregators and Rs 10,000 crores for Micro Food Enterprises.
The Matsya Sampada Yojana has been allocated Rs 20,000 crore for fisheries, while
Rs 13,000 crore has been allocated for animal immunization, among other things.
5 MAJOR PILLARS
OF THE
CAMPAIGN
THE FIVE PILLARS OF SELF RELIANT INDIA
The foundation of a Self-Reliant India is based on the five pillars, which as shared by PM Modi are:
Economy
Infrastructure
System or Technology-driven
Systems
Demographic dividend
Demand
ECONOMY
"A Quantum Jump Economy rather than Incremental Change."
~Prime Minister Modi
The economy would be the primary and most important pillar of Self-Reliant India. To recover from the
post-corona and lockdown situation, India will undoubtedly need to make quantum leaps in all critical
areas, and the announcement of a Rs. 20 lakh crore (about $265 billion) package, equivalent to nearly to
10% of the country's GDP, was in line with the vision.
In India, there are 63.4 million Micro, Small, and Medium Enterprise units (mostly in rural and semi-urban
regions), which generate around 29% of India's GDP and 49% of its exports.
The top 10 states in India, accounting for 74% of total MSMEs, are Uttar Pradesh, West Bengal, Tamil
Nadu, Karnataka, Bihar, Andhra Pradesh, Gujarat, Rajasthan, and Madhya Pradesh.
MSMEs account for almost 95% of all industries in India, and their contributions to national income are
enormous, thus it is inevitable that in the foundation of Self-Reliant India, our MSMEs will play a BIG part,
since Self-Reliant India would also require a strong spine.
INFRASTRUCTURE
“An infrastructure that became the identity of modern India”
~Prime minister Modi.
India will invest over $1.3 trillion on new infrastructure (from 2020-2025). With 5.5 million kilometres of
highways, India boasts the world's second biggest road network and one of the world's largest rail
networks (spreading over 1, 23, 236 km). In fiscal year 2019-20, the NHAI (National Highways Authority
of India) completed the building of 3,979 km of national highways, the most ever built in a fiscal year.
Logistics expenses are critical in international trade. With projects like Bharatmala (for roads and
highways) and Sagarmala (for port and maritime infrastructure), India is working hard to reduce its
logistics costs to meet the global average and is seeing some results.
SYSTEM
"A system powered by technology that can realise the goals of the twenty-first century; a system not founded
on the policies of the previous century."
~PM Modi
Enhancing the role of technology in government procedures and making it an intrinsic component of the
system is critical for developing a transparent governance framework.
When India used the JAM (Jan Dhan Account- Aadhaar-Mobile) trinity, it solved an age-old problem of
benefit transfer to millions of impoverished people, paving the path for PM KISAN, LPG subsidy transfer,
pensions, and other direct benefit transfers, as well as preventing significant leakage in the system.
DEMOGRAPHY
"Our vibrant demographics are our strength in the world's greatest democracy, our source of energy for a
self-sufficient India."
~Prime Minister Modi
Every country's fate may be changed by the force of youth. India is the world's youngest country, with
65% of its population under the age of 35. These young minds are eager to play a much larger role
beyond the traditional path, thanks to initiatives such as Startup India, Standup India, Common Service
Centres, Atal Innovation Mission, network of hundreds of 'Atal Tinkering' labs across the country, Skill
India, and Village level entrepreneurs.
PM Modi has always encouraged the country's young to take control of New India since they have the
power to change our 'Sankalp into Sidhi.' "Mother India has 250 crore arms, 200 crores of those arms are
younger than 35," he stated in one of his 2014 speeches. India's young can help us reach our full
potential." Now, India's youthful and inventive demographic dividend will play a critical role in the
establishment of Aatmanirbhar Bharat (Self-Reliant India).
DEMAND
"In the contemporary economy, the cycle of demand and supply chain is a strength that must be fully
utilized."
~Prime Minister Modi
In terms of purchasing power parity (PPP), India is the world's third-largest economy, trailing only China
and the United States, and the fifth-largest country in terms of nominal GDP rankings. A country with a
diverse culture, vibrant states, futuristic smart cities (all of the world's top ten future cities will be in
India), a thriving startup ecosystem, a rising neo-middle class, and an emerging aspirational class even at
the village level always catches the attention of global investors. Total FDI into India increased 18 percent
to $73.46 billion in the 2019-20 fiscal year, according to figures issued by the Department for Promotion
of Industry and Internal Trade (DPIIT), the most in the past four years.
Foreign firms have been exploiting the vast Indian market for years; in fact, the phrase "world's largest
market" has become so synonymous with India's brand image that practically every other person on the
planet associates India with it. PM Modi has transformed that culture and rebranded India as
Aatmanirbhar Bharat, initially as Brand Bharat and now as Aatmanirbhar Bharat.
MAKE IN INDIA
SCHEME
As a part of a larger package of nation-building activities, the Prime Minister of India
unveiled the Make in India program in September 2014. Make in India, a program
designed to turn India into a powerhouse for global design and production was a timely
reaction to a pressing issue.
Make in India is a major national initiative of the Indian government that aims to promote
investment, encourage innovation, improve skill development, safeguard intellectual
property, and create world-class manufacturing infrastructure in the nation. This
initiative's main goal is to boost India's manufacturing industry by luring in investments
from all over the world. The Ministry of Commerce and Industry, Government of India,
Department for Promotion of Industry and Internal Trade (DPIIT), is in charge of it.
The Make in India initiative is crucial for India's economic development since it intends to
make use of the talent pool that already exists in India, provide new job possibilities, and
strengthen the secondary and tertiary sectors. The initiative also intends to raise India's
ranking on the Ease of Doing Business index by removing unnecessary laws and
regulations reducing bureaucratic procedures, and increasing government openness,
responsiveness, and accountability.
Make in India is much more than just a motivational slogan. It constitutes a thorough and
unprecedented revision of obsolete procedures and regulations. Most notably, it
embodies the Prime Minister's principle of "Minimum Government, Maximum Governance"
by completely changing the mindset of the government from one issuing authority to one
of a business partner.
OBJECTIVES OF MAKE IN INDIA
To increase the manufacturing sector's growth rate to 12-14% per annum
To create 100 million additional manufacturing jobs in the economy by 2022
To ensure that the manufacturing sector's contribution to GDP is increased to 25% by
2022 (later revised to 2025).
The focus of Make in India programme is on following 25 sectors.
Construction Chemicals Automobiles and
Automobile components
Electronic systems
Biotechnology
Defence manufacturing Food processing Aviation
IT & BPM
Electronic Oil and gas
machinery
Leather Ports & shipping
Media & entertainment Mining Pharmaceuticals
Wellness Hospitality
Garments
Textile Railways
Tourism Thermal power Space
BENEFITS OF
#MAKEININDIA
Develop job opportunities Expand GDP Upgrade of technology
Fortify the rupee Flow of capital
Ease of business Development of rural areas
Availability of young minds Increase in brand value
DISADVANTAGES
OF #MAKEININDIA
Negligence of agriculture Bad relations with China
Pollution Interest in international brands
Manufacturing based economy Disruption of land
Depletion of natural resources Loss of small entrepreneurs
CRITICISMS AND
CONCERNS
Campaign name Make in India
Launch date 09/25/14
Launched by PM Mr. Narendra Modi
Number of sectors 25
Investment proposals INR 2000 crore (till
received 9-Oct-2014)
The NDA governments Make in India campaign has till early October attracted INR
2000 crore worth investment proposals. The campaign has, despite this, found its
fair share of critics. The topmost of these criticisms is leveled against the incumbent
government. It has been felt that the government does not walk its talk- labor
reforms and policy reforms which are fundamental for the success of the Make in
India campaign have not yet been implemented. A number of layoffs in companies
such as Nokia India cast long shadows over the campaign. A number of technology-
based companies have not been enthused by the campaign launch and have
professed to continue getting their components manufactured by China.
On a conclusion note, it can be safely stated that Make In India is an opportunity for
everyone. It is a prospect, which if given time will flourish like a spring flower and
would provide with the expected fruit.
THANKYOU!
Do you have any questions?
