Review of Literature
• India’s journey towards Aatmanirbhar Bharat (Self-Reliant India) is a
significant and transformative initiative aimed at positioning the
country as a global economic powerhouse.
• The concept of a Self-Reliant India, or Atmanirbhar Bharat, has gained
significant traction in recent years as the nation strives to reduce
dependency on foreign resources and foster economic independence
Key objectives
• .The key objectives of the ‘Self-reliant India’ mission are as follows:
1. Develop India into a global supply chain hub.
2. Build the Government’s trust in the private sector capabilities and
prospects.
3. Establish ‘good force multipliers’ for Indian manufacturers.
4. Enter the global markets to export goods including agriculture, textiles, clothing,
and jewelry.
• Digital India and Pillars of Growth Areas.
1. Broadband Highways.
2. Universal Access to Mobile Connectivity.
3. Public Internet Access Program
E-Governance
• Reforming Government through Technology. And many more
Atmanirbhar Bharat Abhiyan, the self-reliant India mission, is an
economic stimulus package by the Government of India to support
different sectors after the COVID-19 pandemic. It is founded on five
pillars, which include:
1. Economy
2. Infrastructure
3. System
4. Demography
5. Demand Implementation Mechanisms
Financial and Fiscal Measures
1. Economic Stimulus Packages (₹20 lakh crore, ~10% of GDP) to
support MSMEs, farmers, and industries.
2. Emergency Credit Line Guarantee Scheme (ECLGS) – Collateral-free
loans for MSMEs.
3. Tax Incentives – Reduced corporate taxes and GST rationalization for
local manufacturers.
Sector-Specific Interventions
1. Electronics & Semiconductors – PLI scheme for mobile
manufacturing and semiconductor self-reliance.
2. Defense Manufacturing – Increased FDI limit (74%) and import bans
on certain defense items.
3. Renewable Energy – Push for solar panel manufacturing under the
Atmanirbhar Bharat Solar Mission.
Infrastructure and Digital Push
1. National Infrastructure Pipeline (NIP) – ₹111 lakh crore investment
in roads, railways, and urban infrastructure.Stakeholder
Engagement & Public-Private Partnership (PPP)
2. Industry Collaboration – Government working with private players
(e.g., Tata, Reliance, Infosys) for manufacturing growth.
3. State Government Participation – Customized policies for local
industries (e.g., Tamil Nadu’s EV policy).
4. Foreign Direct Investment (FDI) – Encouraging global companies
(like Apple, Samsung) to set up manufacturing in India.
Progress
• Progress of Atmanirbhar Bharat Abhiyan so far:
• Hon’ble Prime Minister Shri Narendra Modi on May 12th, 2020, announced the
Special economic and comprehensive package of Rs. 20 lakh crore - equivalent
to 10% of India’s GDP – to fight COVID-19 pandemic in India. The Ministries of
Finance & Corporate Affairs have immediately started implementation of the
announcements related to the Economic Package under Aatma Nirbhar Bharat
Package (ANBP).
• Regular reviews and monitoring of the implementation of economic package is
being overseen by the Finance Minister personally. To provide relief to the
business, additional working capital finance of 20% of the outstanding credit in
the form of a Term Loan at a concessional rate of interest will be provided. Rs
45,000 crore Partial Credit Guarantee Scheme 2.0 for NBFCs, HFCs and MFIs to
do fresh lending to MSMEs & individuals.
Outcomes
• Positive Outcomes
✅ Boost in Manufacturing: Significant progress in electronics, defense, and
renewable energy.
✅ Job Creation: The PIL and Start-UP India created many more jobs for the people.
✅ Reduced Imports: Success in cutting reliance on mobile, defense, and pharma
imports.
• Areas Needing Improvement
⚠ Faster Implementation: Delays in PLI disbursement and infrastructure projects.
⚠ Balancing Protectionism: Need to avoid excessive import restrictions hurting
exports.
⚠ Skill Development: More focus on technical education and R&D needed.
Conclusion
• The economic crisis that was brought on by the Covid-19 pandemic was similar
to the one that occurred in 1991 and foreshadowed a paradigm shift through
liberalization, privatization, and globalization. Since the implementation deficit
was sufficiently resolved, the post-Covid-19 period brought forth hitherto
unimaginable prospects.
• The main objectives are the way to make Atmanibhar Bharat. The general
public ought to believe that are after the lockdown is lifted, we should continue
to support "Make in India" and use Indian products to boost our economy. We
need to become more outspoken supporters of local businesses by focusing on
the necessities that were created in India as a result of the pandemic.
• Civilians should analyze the expenses, that are spent on needless items such
restaurants, gyms, travel, cold drinks, ice creams, snakes, and street food and
Instead of wasting money on unhygienic foods or unneeded items, they should
concentrate more on saving money.
