What is Atmanirbhar Bharat Abhiyan?

Atmanirbhar Bharat Benefits 

The benefits are as given below: 

1. An approval of Rs.3 lakh crore package for non-collateral loans to MSMEs with an annual turnover of up to Rs.100 crore. 

1. Funding by NABARD to agricultural infrastructure projects. 

1. Improving the fisheries sector with scheme Pradhan Mantri Matsya Sampada Yojana 

1. Rs.90,000 crore of investment bailout to independent power producers and distribution companies. 

1. Mahatma Gandhi NREGA fund has increased by Rs.40,000 crores. 

1. Inviting private businesses and enthusiasts to explore the space market arena. 

1. Extending dates of GST and income tax for businesses. 

Atmanirbhar Bharat Features 

The Atmanirbhar Bharat Scheme isn’t only about self-sufficiency, but many other factors associated with it.  

• MSME and Businesses – There have been many relief and funding initiatives by the government. Now businesses can avail up to Rs.25 crore outstanding and Rs.100 crores of turnover. A relief package under Pradhan Mantri Gareeb Kalyan Yojna was also provided for the underprivileged people suffering from Covid-19. 
• Financially Challenged Classes – Nearly three crore farmhands received Rs.4.22 lakh crore of loans. As majority of the demographic depends on agriculture, so investments in agricultural infrastructure becomes necessary. By managing post-harvest losses and improving market access, India will become self-reliant in agricultural products also. 
• New Development Areas – India is a major importer of non-renewable energy and reducing it will impact the deficit positively. Hence it also focuses on solar, wind, and hybrid technologies. 
• Aids and Funding to Startups – Promoting entrepreneurial spirit is a major focus of this scheme. Giving new startups tax relief, funding assistance, and faster approval are features of this scheme. 
• Education and Upskilling – New Education Policy 2020 aims at making education not only theoretical but also practical. It involves vocational training, mandatory internship periods, and flexibility to make upskilling not only fun but an important aspect of learning itself.  

Atmanirbhar Bharat Objectives 

The idea aims to make India self-reliant in all aspects of economic growth whether it is production, manufacturing, or consumption. It aims to remove dependence on other countries and focuses on bottom to top growth. 

• Empowering local manufacturers and small businesses to become self-reliant. 
• Improving overall GDP growth and trade deficit. 
• Emphasising on four aspects that is laws, land, labour, and liquidity.   
• Incentivising local business owners and farmers to recover from the losses occurred due to Covid-19. 
• To reduce import dependency on other countries and improve our fiscal deficit. 

EligibilityCriteria for the Atmanirbhar Bharat Rozgar Yojana

The eligibility criteria for employees are:

1. An employee with a monthly income of less than Rs. 15000/- not employed in any EPFO-registered establishment before 1 October 2020 and who did not have a Universal Account Number or EPF Member account number prior to 1 October 2020.
2. Any EPF member with a Universal Account Number (UAN) and a monthly pay of less than Rs. 15000/- who left their job during the Covid epidemic between 1 March 2020 and 30 September 2020 and did not return to work in an EPF-covered firm before that date.EPFO-registered organisations that recruit new employees as of September 2020 will be eligible for this scheme. Any organisation that registered with EPFO after the beginning of schemes will also get subsidy for new employees.
   The subsidy plan that the central government is planning to follow to support new eligible employees for the next two years are:
   
   1. For organisations with up to 1,000 employees, subsidy support of up to 24% of wages (employee's contribution which is 12% of wages and employer's contribution which is also 12% of wages).
   2. For organisations with more than 1,000 employees, the subsidy support will be for the employee's EPF contribution which is 12% of the EPF wages.The subsidy support will be credited in the EPFO account (UAN) of the eligible new employee which are seeded with Aadhaar. More than 95% of all organisations and 65% of all employees in the formal sector will be covered in the category where EPF contributions are provided as subsidy support by the government.

Pillars of Atmanirbhar Bharat

• Boosting the Economy – Focuses on boosting economic growth by taking advantage of the vast workforce India has. 
• New Infrastructure – Building new infrastructure to facilitate development in far-flung areas where resources remain underutilised. 
• Efficient Governance - Increasing governance efficacy and speed to deliver faster results and projects. 
• Capitalising on Demography – India has the youngest workforce. The only need is to make them skilled and provide funds. 
• Consumer Demand – Leveraging on India’s large population size’s consumer demand and making it our strength.