In his address to the nation on 12 May 2020, PM Narendra Modi has announced a new Ameet Bharat Bharat Abhiyan 2020. Special emphasis will be laid on the development of the economy, local production of goods, strengthening the supply chain and increasing demand for products. Central government, to make India a self-sufficient (self-reliant) country. Has announced an economic package of Rs. 20 lakh crores. People can now see the list of schemes for MSMEs, education, health, agriculture and other sectors.
Prime Minister Modi said in his speech that the central government will provide 20 lakh crores (20 lakh crores in 20-20) in 2020. This Atmanbir Bharat Abhiyan package is included in the previously announced Rs 1.7 lakh crore PM Garib Kalyan Yojana and the Rs 1.7 lakh crore package by RBI. The main focus of the Atmanabir Bharat Abhiyan is the lowest workforce in the country to make India a manufacturing hub.
India’s Atmanirbhar Bharat Abhiyan 2020 by PM Modi
This economic package is Rs. 20 lakh crore will have various features under the Atmanirbhaar Bharat Abhiyan. The package is to be announced on 13, 14, 15, 16 and 17 May 2020 in 5 trench economic doses. Now see the details of each economic dose.
1st Economic Dose under Atmanirbhar Bharat Abhiyan – 13 May 2020
Check PM Vision of 20 lakh crores for businesses including MSMEs. There are 15 different measures to realize PM Modi’s rupee outlook. 20 lakh crore Rs. It includes 6 measures for Micro, Small and Medium Enterprises (MSMEs), 2 for Employees Provident Fund (EPF), 2 for HFC / MFI / NBFC, 1 for the power sector, 1 for real state, 1 for contractors. , Includes 2 as direct taxes. Solution: –
For MSME (6 measures)
- 3 lakh crores for MSME sector – Central Government will provide collateral free loan to facilitate MSMEs. The tenure of these loans will be 4 years and they will get 12 months deferment. Nearly. 12 crore workers will be benefited.
- Subordinated debt based scheme – Rs. 20,000 crores for stressed and NPA MSMEs. Around 2 lakhs emphasized and NPA MSMEs benefited.
- Fund of Fund – Rs. 50,000 crore equity infusion in capacity and viable businessmen.
- Changes in the definition of MSME – The investment threshold has been revised upward (investment size) for MSME, additional criteria (turnover size) will be taken into consideration. In addition, differentiation B / W manufacturing and service MSMEs will be removed.
- Global tender was awarded Rs. 200 crores – Govt. Tenders up to 200 crore will no longer be on the global tender group.
- Other interventions for MSMEs – e-market linkage will be provided across the board in the absence of trade fairs to promote e-commerce. Within 45 days, CPSE and Govt. Will clarify India’s attainment.
Employee Provident Fund (EPF) (2 measures)
- The salary of 100 employees and up to 90% of companies is less than 15,000 – Liquidity support will be paid by the Central Government for all EPF Establishments. This means that the government. Will now provide 12% which was to be paid by the employer as well as 12% which was to be paid by the employee. Government. India expanded this contribution for June, July and August 2020. Liquidity relief of Rs. 2500 crore EPF support for businesses and workers for 3 months to benefit 72.22 lakh employees.
- For companies with more employees – for the next 3 months, employers and employees will have to pay 10% (previously 12%). For public sector enterprises (PSUs) and public sector undertakings (PSUs), the government will pay full employer contribution during the government. Employees can only pay 10% for the next 3 months. For this purpose, Govt. Will provide Rs. 6750 crores Rs.
Housing Finance Corporation and Micro Finance and NBFC (2 measures)
- Rupees. 30,000 crore liquidity facility for NBFCs / HC / MFIs – Rs. 30,000 liquidity investment facility will be built in primary and secondary sectors of NBFCs, MFI and HC. This will be done through taking and purchasing letters of credit (not of high quality) of NBFCs, MFIs and HFCs which will be fully guaranteed by the Government of India.
- Rupees. 45,000 Crore Partial Credit Guarantee Scheme 2.0 – Central Government will introduce Partial Credit Guarantee Scheme 2.0 with an amount of Rs. 45,000 crore for NBFCs. The first 20% loss will be borne by the government. Of India.
Power sector (1 measure)
- Rupees. 90k Cr Liquidity Injection for DISCOMs – Government will provide an emergency liquidity injection of Rs. 90,000 for DISCOMs.
Contractor (1 Remedy)
- Relief to contractors – All Government of India agencies such as railways, roadways can now give a 6-month extension to contractors to abide by the terms of the contract. The grace period was extended for the next 6 months. Government. The agencies will issue bank guarantees partly on partial completion of projects.
Real Estate (1 Remedy)
- Extension of registration and completion date of real estate projects under RERA – Registration and completion date of all real estate projects under RERA will be extended by 6 months. It also includes projects whose completion date was 25 March 2020.
Tax Measures (3 Measures)
- Liquidity of Rs 50,000 crore through TDS / TCS Reduction – From 14 May 2020 to 31 March 2021, the TDS / TCS rate is reduced to 25% for all purposes. This initiative was Rs. 50,000 crore liquidity through TDS / TCS deduction.
- Direct tax measures – All pending refunds will be given immediately to charitable, professional, partnership, LLP, proprietors. The due date of all income tax returns is now being extended from 30 November 2020 and tax receipts to 31 October 2020. The valuation date up to 30 September 2020 is now being extended to 31 December 2020. Who are prohibiting 31. March 2021 will now run until 31 September 2021. The Vivad to Vishwas scheme will be extended till 31 December 2020, without any additional amount.
Atmanirbhar Bharat Abhiyan for Businesses including MSMEs, download the PDF
Economy Booster Dose 2 under Atmanirbhar Bharat Abhiyan – 14 May 2020
In this phase, the main focus is on migrant workers, street vendors, small traders, small farmers and self-employed individuals. There are 9 stages as part of economy booster dose 2 under the Atmanbir India campaign. 3 steps for migrant workers, 1 for infant loans within the currency, 1 for street vendors, 1 for housing, 1 for employment of people in tribal areas and 2 in tribal pockets, and 2 measures related to farmers Huh. Full details are given here: –
Migrant labor (3 measures)
- Supply of free food grains to all migrants for the next 2 months – All non ration card holders who are not included in the National Food Security Act (NFSA) or whose name is not in the state ration card list, are now given 5 kg of wheat or 5 per person You will get kg of rice. In addition, 1 kg of gram per family will be given. Nearly 8 crore migrants get this non-ration card holders from this free food supply scheme for Rs. There will be benefit with outlay of Rs. 3500 crores Rs.
- One Nation One Ration Card Scheme – One Nation will launch One Ration Card Scheme to ensure national portability of ration for the benefit of migrant workers, Central Government. From August 2020, 67 crore migrant workers in 23 states will benefit from the scheme, which is about 83% of the total PDS beneficiaries. The coverage of 100% beneficiaries under the 1 Nation 1 Ration Card Scheme will be achieved by 31 March 2020.
- Affordable rental housing for migrant laborers and urban poor under PMAY – Government will launch a new rental housing scheme for migrant workers and urban poor under Pradhan Mantri Awas Yojana. In this PMAY rental housing scheme, all the migrant workers will get houses at low rent in their working area. This will be done through PPP mode by converting government funded houses in major cities to affordable rental housing accommodation or complexes. In addition, the government. It will provide incentives to commercial companies, state government, agencies, associations to provide low rental housing facility to its traders.
Food is being provided to 3 workers daily in the shelter homes. For the urban poor in the last 2 months during the period of Kovid, Central Govt. The state government is allowed to use the State Disaster Management Fund, which will provide workers with a balance of about Rs. The shelter provides food, water for a cost of Rs. 11000 crores Rs.
About 12000 SHGs have already produced 30 million masks and 1.02 lakh liters of sanitizer. Central government. To provide funds for self-help groups to roam the PAISA portal to increase their capacity. Since March 15, 2020, about 72
Infant Loans under Mudra Yojana (1 Remedy)
- Modi government. After the moratorium period ends the interest of 2% will be provided on the prompt repayment of Shishu loans for the next 12 months. Rupee. Nearly 3 crores to be benefited from this scheme with an outlay of Rs. 1500 crores Rs.
Street Vendor (1 Remedy)
- Special credit facility of Rs. 5000 crores will be provided by the Government of India to the street vendors. Within a period of 1 month, the Central Govt. Introducing special schemes for street vendors so that they can be easily accessed for credit. About 50 lakh street vendors will benefit and most of them will now get initial working capital up to Rs. 10,000.
Accommodation (1 solution)
- The PMAY CLSS scheme, which started in May 2017 and ended on 31 March 2020, has now been extended to March 2021, the lowest segment of the middle income group earning 6 to 18 lakhs per year. About 3.3 lakh families have been benefited so far. From PMAY CLSS Scheme. Now in the next 2.5 years, another 2.5 lakh MIG group people will benefit from the PMAY CLSS scheme. The scheme will result in immediate employment generation and demand for construction materials like steel, cement and other house building materials will also increase.
Job creation for tribals (1 solution)
- Rupees. 6,000 crore has been allocated to create employment for the people in tribal areas (Adivasis).
Farmer (2 measures)
So far, about 3 crore farmers have given 63 lakh agricultural loans at concessional rates. The farmers already took a loan, costing Rs. More than. 4.22 lakh crores. Now the interest cess has been increased from 1 March 2020 to 31 May 2020 for quick repayment of loans.
- Rupees. 30,000 crores additional emergency working capital fund through NABARD – Annually, NABARD Rs. 90,000 crores for refinance purposes. Now an additional Rs. 30,000 crore additional emergency working capital fund will be released immediately through NABARD (refinance). About 3 crore small and marginal farmers get benefits for their rabi post harvest work. Rural Cooperative Bank (State Co-operative Bank, District Co-operative Bank) and RRB for getting this immediate assistance on tap based lending.
- About Rs. 2 lakh crore concessional loan to be extended for KCC – Rs. 2 lakh concessional loans will be given for Kisan Credit Card. About 2.5 crore farmers will be benefited from this KCC scheme. Fisheries and animal husbandry farmers will be included in the KCC scheme.
About 25 lakh new KCC holders have been given loans of Rs. 25000 crores Rs. Liquidity assistance of 86,600 crores has been provided to farmers in the month of March-April. NABARD has refinanced Rs 29,500 crore through Rural Cooperative Banks and Regional Rural Banks (RRBs) in March. About Rs. 4200 crores support has been provided for rural infrastructure development. The state government also receives working capital assistance of Rs. 6,700 for the purchase of agricultural produce.
ATM works for workers in pipeline to India Weightless
Here is a complete list of works that are in the pipeline for Bharat Nirman in India: –
- The right to minimum wages for all workers.
- Implementing national floor wages across the country to remove regional disparities in minimum wages.
- Letter of appointment to make workers formal.
- Health benefits for all (at least 1 health checkup)
- New definition to benefit interstate migrant workers.
- Portability of welfare benefits for migrant workers.
- Extension of ESIC benefits to all establishments (no restriction of staff strength).
- Compulsory ESIC coverage for all people working in hazardous activities. (occupational Safety and Health)
- Social security benefits extended to all workers.
- The skill of all workers again.
- All businesses should be open for women at night as well as their safety measures.
Central government. Has already raised the average wage rate of workers from Rs. 182 to Rs. 202 under MNREGA. In addition, the government. By May 13, 2020, 14.62 crore people have already created work. The annual expenditure to 2.33 crore workers (40% to 50% more workers enrolled) in 1.87 lakh gram panchayats is 10,000 crore. In addition, the central government. Directives have been issued to the state government to provide nomination and provide employment under MNREGA to the workers in their own states.
2nd tranche of Atmanirbhar Bharat Abhiyan, please click the link
3rd Economic Dose of Atmanirbhar Bharat Abhiyan -15 May 2020
This third economic dose of the Atmanabir Bharat Abhiyan basically focuses on agricultural and allied activities, government and administrative reforms. The first 8 measures are fisheries, dairy, animal husbandry, food processing and welfare for farmers, while the last 3 are government reforms to benefit the agricultural sector.
Agriculture and allied activities (8 measures)
The first 8 measures are for agriculture and allied activities to strengthen infrastructure, logistics, capacity and storage capacities for farmers: –
- Farm Based Infrastructure (Rs. 1 Lakh Crore) – Central Government has allocated Rs. 1 lakh crore for Aggregators, Farmer Production Organizations (FPOs), Primary Agricultural Cooperative Societies and Krrish Udhami to strengthen Farm Gate infrastructure. This amount will be spent to strengthen cold chains, post-harvest infrastructure, storage centers, yards etc.
- Micro Food Enterprises (Rs 10,000 crore) – This initiative is for food enterprises that are micro in size. Central government. Will implement Rs. 10,000 crore scheme with a cluster based approach to emphasize the “assertive for the local” initiative. Around 2 lakh micro enterprises to benefit from this marketing and branding scheme. For example, flakes can be made for makhana of Bihar, mangoes, ragi and coarse grains of Karnataka, saffron from Kashmir, turmeric from Telangana, turmeric, chillies from Andhra Pradesh. Van Sampada Group will also be formed.
- PM Matsya Sampada Yojana (Rs 20,000 crores) – This is Rs. 20,000 crores for PM Matsya Sampada Yojana includes activities related to fisheries and aquaculture. Under this scheme, the government will employ 55 lakh people. New cruise ships can be delivered and new cruise ports can be built. In addition, individuals related to fisheries and their private boats will be insured. This will result in additional fish production of 1.7 million tonnes. Empowering people by providing them resources is the main objective. In this scheme, Rs. 11000 crores will be given for aquaculture, 9000 crores for ships and port.
- FMD Livestock Disease Control Scheme (Rs. 13,000 crore) – To eradicate foot and mouth disease, 100% of kati, buffalo, sheep, goat will be vaccinated. India has 53 crore livestock which is the largest in the world. Since January 2020, around 15 million cows and buffaloes have been vaccinated. Immunization is going to start soon in the Green Zone. To get 100% vaccination of livestock, the government will spend Rs. 13,343 crore Rs.
- Animal Husbandry Infrastructure Development Fund (Rs. 15000 crore) – The central government will spend Rs. 15k Crore for Dairy Infrastructure Development Fund. In this initiative, private investment can be made. Government. Will provide incentives for export of milk, cheese, ghee and produce animal feed.
- Promoting herbal farming (Rs 4000 crore) – 10 lakh hectares (25 lakh acres) of land will be used for agricultural farming. This initiative resulted in an additional Rs. 5000 crores income for farmers. Herbal plants can be grown on both sides of the Ganges. An area of about 800 hectares of Ganga corridor will be given for cultivation of herbal and medicinal plants.
- Promoting beekeeping (Rs. 500 crores) – The central government will spend Rs. 500 crores on the initiative of beekeeping to 2 lakh beekeepers. This will improve the standard of living for bee keepers and people will get better honey. In addition, wax is now imported for medicinal and other purposes, so keeping honeybee locally will help meet India’s wax requirement and is likely to become an exporter.
- Operation Greens (additional Rs 500 crore) – Govt. Operation Green has already been launched to take care of onion, tomato, potato (OTP) crops. Now the farmers producing these poor items will get 50% subvention on transport and 50% on storage. The scheme will be extended to other food items such as fruits and vegetables for Rs. Will be extended and expanded with an additional amount of Rs. 500 crores Rs.
Government and administrative reforms (3 measures)
- Amendment in Essential Commodities Act 1955 – This Essential Commodities Act came into force in the financial year 1955 to reduce food shortage. Since India is producing food items in abundance. The Essential Commodities Act 1955 is going to be amended. From now on, grains, oilseeds, onions, potatoes, pulses, edible oils will be deactivated. No such stock limit will apply to food processors subject to established capabilities. However, there are some provisions in which Govt. In case of price rise or natural calamities one can take steps on these crops.
- Central law for farmers to sell their produce at attractive prices – Now the government will outline a central law in which farmers will get the benefit of selling their agricultural produce at attractive prices. There will be no hindrance in the inter-state sale of agricultural products and e-trade will also be allowed for the farmers.
- Facilitative legal framework – A new standardized mechanism will be developed in collaboration with large retailers, exporters, aggregators and farmers to ascertain the price of sowing and sale at the beginning of each season, among other information.
Support system set up for farmers during COVID-19 lockdown
In India, about 85% of operational landholdings are with small and marginal farmers. The farmers worked under adverse conditions, did a lot and brought India to the global stage. India is the largest producer of milk, jute, pulp, the second largest producer of sugarcane, cotton, fruits, vegetables and the third largest producer of grains. In the last 2 months, take a look at the support system installed during the COVID-19 lockdown. Central government. Has performed MSP procurement to the extent of Rs. 74,300 crores Rs. Additionally, Rs. 18,700 were transferred to the account under PM Kisan Samman Nidhi Yojana.
Claim payment of Rs. With the withdrawal of Rs 6,400 crore under the Pradhan Mantri Awas Yojana. Around 560 lakh liters of milk were procured by the government every day. A total of 111 crore liters of milk was procured and for this the government has paid Rs. 4100 crores to dairy cooperative farmers. In addition, the government. Dairy is providing an interest subsidy of 2% for cooperatives and an additional 2% on prompt repayment. This resulted in Rs. 5000 crore additional liquidity for farmers and benefited about 2 crore farmers.
3rd tranche of Atmanirbhar Bharat Abhiyan Package, click the link
4th Economic Dose under Atmanirbhar Bharat Abhiyan – 16 May 2020
In 4th installment of Atmanabir Bharat Abhiyan, Central Govt. Focusing on structural reforms in 8 regions. These are coal, mineral mining, defense production, civil aviation (airspace management, PPP and airports, MRO hubs), power distribution sectors, social infrastructure projects, space and nuclear power sectors. Now lets study the structural improvements made in each of these areas.
Coal field
- Coal was previously a monopoly product of the central government. But to promote commercial mining in the coal sector, the government monopoly is lifted. This will promote the availability of more coal at market prices and liberal entities will be allowed to participate in it.
- Uncapped mines are the third largest valuable coal in India and we still import coal. Hence rules are required. Now the government will provide incentives on coal gasification to prevent environment and coal extraction beds will be auctioned. Government. Will spend Rs. 50,000 crores for preparing evacuation infrastructure.
Mineral mining area
- There will be a seamless overall exploration cum mining cum productionism setup. Around 500 new mining blocks will be auctioned.
- Central government. The distinction will remove b / w captive and non-captive mining.
- Additionally, the government is in the process of developing a mineral index.
- While providing mining leases, stamp duty will be rationalized.
Defense sector
- Government. Will notify the list of weapons that are not allowed to be imported. The list will be increased every year.
- Central Government. Will focus on indigenization of imported parts. A separate budget will be made for domestic capital purchases.
- The third stage ordinance is to provide autonomy and accountability to factories. The Ordinance will privatize (not privatize) the board of factories.
- Foreign Direcct Investment (FDI) limit has been increased from 49% to 74%. Central government. Will also give priority to time bound defense procurement system.
Civil Aviation (Airspace Management, PPP and Airport, MRO Hub)
- For airspace management, approximately 60% of the airspace is only available for civilian flights due to military restrictions. So from now on, the government. The optimum use of airspace will be noted. This will reduce fuel requirement, lower priced tickets and travel time and cost around Rs. Will save 1000 crores Rs.
- For PPP and airports, 6 more airports will be brought by the central government. For auction. The Airport Authority of India (AAI) will do so on PPP basis. Government. Is seeking additional investment to provide high quality facilities at airports. Government. Already Rs. Investment of Rs 13,000 crore in the first and second round of 12 airports. Now more investment is expected with these 6 airports.
- The Maintenance, Repair and Composite (MRO) hub will be setup in India to perform maintenance, repair, service and other functions related to civilian airplanes and defense aircraft.
Power sector
- The power distribution companies in all the union territories will be privatized as per the Tariff Policy. In addition, private players will get open discounts along with incentives on timely payment. This will make power distribution sustainable.
- DISCOM will ensure adequate power, low load shedding to provide adequate power supply to consumers. For consumers, smart prepaid meters will be installed, while the DBT process will be initiated for electricity bills directly into consumers’ bank accounts.
Social Infrastructure Project Sector
- To enable more schools, hospitals and other social infrastructure projects to be established, Govt. Will start providing enhanced viability gap funding (VGF) for private players with an outlay of Rs. 8100 crores Rs. This raised VGF will promote private investment in the health and education sector.
Space field
- Private sector will get access to ISRO assets. Central government. To bring access to the space sector will bring predictable policy for private players.
- Government. Is going to provide a level playing field for private companies, meaning that private companies can now launch planetary exploration, outer space exploration, satellites and other space activities.
- In addition, the government. Will provide access to remote sensing data to private startups.
Nuclear power sector
- The research reactor will be set up in a Public Private Partnership (PPP) mode for the production of medical isotopes for cancer.
- Government. There is also a focus on setting up facilities in PPP mode to use radiation technology to prevent degraded crops from rotting.
- Additionally, the central government. Will set up various technology cum incubation centers.
Reforms made by Modi government from 2014-2020
Following are the reforms undertaken by Modi led Government of India in the last 6 years: –
- Direct Profit Transfer (DBT)
- Goods and Services Tax (GST)
- Insolvency Bankruptcy Code (IBC)
- Launch of UPI platforms
- Ease of doing business reform
- Reforms in Public Sector Banks
- Direct Taxation Reforms
- Power Sector Reforms
- Improvement in coal sector
- Empowered Group of Secretaries formed
- Budget Development Cell to be formed
Various policy reforms such as ranking of states on investment attractiveness, promoting champion sector like solar PV, advance battery manufacturing cells among others were made by the central government. The Make in India initiative was launched to promote local production of goods. Government. The focus was also on upgrading the industrial infrastructure, 3376 industrial parks which have been set up in 5 lakh hectares will now be mapped. Government. Will make the process of providing land passes to industries easier as all industrial parks will be mapped. The connectivity issue will be resolved and the development of common infrastructure will be improved.
4th tranche of Atmanirbhar Bharat Abhiyan Package, click the link
5th Economic Dose under Atmanirbhar Bharat Abhiyan – 17 May 2020
FM Nirmala Sitharaman has announced the 5th Economic Dose on 17 May 2020 under the Atmanibhar Bharat Abhiyan. See full details here: –
Health-related steps for COVID-19
To date, the government. Has announced various health-related steps of Rs. 15,000 crores for COVID-19.
- Already announced (Rs 15,000 crores) – Out of this 15k crores, about 4113 crores have been released to the states, with essential items worth Rs. Has been purchased from 3750 crores, test lenses and kits for Rs. 550 crores Rs. In addition, the government. An insurance cover of Rs. 50 lakh per person for health professionals under the flagship Pradhan Mantri Garib Kalyan Yojana.
- Use of Information Technology – E-Sanjivani Tele Consultation Services has been rolled out to take advantage of IT, Govt. To ensure capacity building, the iGOT platform has been launched. Apart from this, Arogya Setu App and Arogya Setu Mitra website have also been launched to prevent Indian citizens from coronovirus.
- Protection to Health Activists – The Central Government has amended the adequate provisions for the Pandemic Diseases Act, PPE. There are now over 300 domestic manufactures (previously from 0). Government. Has already supplied 51 lakh PPE, 87 lakh N95 mask, 11.08 Cr HCQ tablet.
Health reform and initiative
Now investment in public health sector will increase and public expenditure on health will increase.
- Grass root will be more investment in health institutions and government. Will ramp up health and welfare centers in rural and urban areas.
- To prepare India for any future epidemic, the government will establish hospital blocks of infectious diseases in all districts.
- Lab networks and monitoring will be strengthened. There will be integrated public health labs at all district and block levels
- Labs and Public Health Unit to manage the epidemic.
- In addition, the government. The ICMR will encourage research by creating a National Institutional Forum for Health.
- Central government. Under the National Digital Health Mission, National Digital Health will begin the implementation of the blueprint.
Online education for students during COVID-19
Here is a list of various technology driven systems for online education during coronavirus (COVID-19) lockdown: –
- 12 more SWAYAM PRABHA DTH channels – To support and reach those who do not have access to internet, the government started 3 SWAYAM PRABHA DTH channels for school education. Now another 12 SWAYAM PRABHA DTH channels (1 for each category) will be added.
- Government. Through Skype, there is a provision of broadcasting live interactive sessions on these channels with experts from home.
- Government. Agreement with private DTH operators like Tata Sky and Airtel to expand their reach for broadcasting educational content
- Channel. Central Government. Coordinated with the states of India to share air time (4 hours daily) on SWAYAM PRABHA channels to broadcast their education related content.
- So far, the DIKSHA platform has received 61 crore hits since 24 March 2020. More than 200 new textbooks were added to the e-school.
PM eVIDYA / DIKSHA / Mobility Initiative for Education Post COVID-19
After COVID-19, the government will focus on technology-driven education system with equity. For this purpose, the following measures have been announced: –
- PM eVIDYA – A program for multi-mode access for digital / online education will be launched immediately. This PM e-learning scheme will include the following measures: –
- One Nation One Digital Platform – DIKSHA for schooling in States / UTs. E-content and QR coded energetic textbooks for all grades.
- One Class One Channel – 1 to 12 TV channels per class.
- Extensive use of radio, community radio and podcasts
- Special e-content for visually impaired and hearing impaired people.
- The top 100 universities will be allowed to automatically start online courses by May 30, 2020.
- Manodarpan – An initiative for psychological support of students, teachers and families for mental health and emotional well-being will be launched immediately.
- New national curricula and educational structures for schools, early childhood and teachers will be launched. It will be global and integrated with 21st century skills requirements.
- National Founder Literacy and Numercy Mission to ensure that every child achieves learning levels and results in grades 5 to 2025 by December 2020.
Governance reform for ease of doing business
Globally, all potential investors look at a country’s Doing Business Report (DBR) ranking. To improve the DBR rating of India, Govt. Various measures have been taken: –
- Government. Permanent measures have been taken, as a result of which the World Bank’s DBR rank has improved from 142 in 2014 to 63 in 2019.
- To get better DBR rating, Govt. Has streamlined procedures such as permits and clearances, self-certification and third-party authentication, etc.
- The government is working on a mission mode in the next phase of Ease of Doing Business Reforms. These include measures related to easy registration of property, speedy settlement of commercial disputes and simple tax regime to make India one of the easiest places to do business.
Governance reform for ease of doing business
Globally, all potential investors look at a country’s Doing Business Report (DBR) ranking. To improve the DBR rating of India, Govt. Various measures have been taken: –
- Government. Permanent measures have been taken, as a result of which the World Bank’s DBR rank has improved from 142 in 2014 to 63 in 2019.
- To get better DBR rating, Govt. Has streamlined procedures such as permits and clearances, self-certification and third-party authentication, etc.
- The government is working on a mission mode in the next phase of Ease of Doing Business Reforms. These include measures related to easy registration of property, speedy settlement of commercial disputes and simple tax regime to make India one of the easiest places to do business.
Recent Corporate Law Measures for Ease of Doing Business
The following corporate law measures have been taken to promote measures for ease of doing business: –
- Decriminalization of Company Law Defaults 2018 (1st Phase) – In 2018, the first phase of decriminalization of Company Law Defaults transformed 16 compoundable offenses into an in-house adjudication and penalty mechanism.
- Integrated Web Based Incorporation Form – A new and simplified proforma for incorporating the company electronically plus (SPICe +), which presents 10 services of different ministries and one state government in one form.
- Launched Databank of Independent Directors
- Returns of more than 14,000 prosecutions under the Companies Act, 2013.
- Rationalization of provisions relating to related party transactions.
- Along with the timely action taken during COVID-19 to reduce compliance burden under various provisions of the Companies Act 2013, companies issue board meetings, EGMs and AGMs, taking advantage of the powers of Digital India.
- In 221 resolved cases, 44% recovery has been achieved since the establishment of IBC, 2016. The amount of claims admitted in it was Rs. 4.13 lakh crore while recoverable amount of Rs. 1.84 lakh crores. Under IBC, in 13,566 cases a total of Rs. 5.01 lakh crore (approx) has been withdrawn before admission under the provisions of IBC till 29 February 2020.
Rupees. 40,000 crore increase in MNREGA allocation for employment boost
Central government. Now Rs. Will allocate an additional amount of Rs. 40,000 crores under MGNREGS scheme: –
- This will help in making around 300 crore person days in total under Mahatma Gandhi National Rural Employment Guarantee Act.
- Government. The monsoon season is also addressing the need for more work, including returning migrant workers.
- Creation of large number of sustainable and livelihoods including water conservation assets to promote rural economy through higher production.
Decentralization of Defects of Companies Act
Violations of the Companies Act related to minor technical and procedural lapses (deficiencies in CSR reporting, inadequacies in board reports, filing omissions, delay in holding AGMs). Following measures will also be taken: –
- The majority of compoundable offenses are to be transferred to the Internal Adjournment Mechanism (IAM) and powers of RD
- Compounding enhancements occurred (58 will be dealt with under Section IAM compared to the first 18).
- The amendment will de-clause criminal courts and NCLT.
- 7 compoundable offenses were completely eliminated and 5 were dealt with under the alternative framework.
Other measures include Ease of Doing Business for Corporates, Public Sector Enterprise Policy for a New and Self-Reliant India, Supporting State Governments and Promoting State Level Reforms and Ease of Doing Business through IBC related measures. Increase is included. For more information about the 5th installment of Atmanabir Bharat Abhiyan Package click on the link given:
Beneficiaries of Aatmanirbhar Bharat Abhiyan
Following are the major beneficiaries of Atmanabir Bharat Abhiyan 2020: –
- Labor (laborer / laborer)
- Kisan (Farmer)
- Daily wage earning
- People who work for the development of the country
- Middle class people who pay income tax to the government
- Upper class people who give strength to economy
Pillars of Development under the 5 Faith Nirbhaar Bharat Abhiyan
There are 5 basic grounds for the development of the India Election Campaign 2020: –
1) Economy (quantum jump in economy)
2) Infrastructure
3) our system (21st century technology driven system)
4) Demography
5) demand and supply chain
Areas to Benefit from Atmanabir Bharat Abhiyan 2020
The following areas will benefit immensely from the AATM Nirbhaar Bharat Abhiyan 2020: –
- Primary Sector: Agricultural Sector, Mining Sector, Fisheries Sector
- Secondary Sector: Construction Sector, Manufacturing and Utilities, MSME (Micro, Small and Medium Enterprises), Cottage Industries etc.
- Services / Tertiary Sector: Retail, Tourism, Banking, Real Estate, Entertainment, Communication, Hospitality & Leisure, IT Services etc.
- Quadrilateral sector: Public sector, education, research and development.
4 L Factors of Self Reliable India Campaign 2020
Here are the major factors that will be taken into consideration to make India the 21st century. The main focus will be on the following four major factors (4 L): –
- Land
- Labour
- Liquidity
- Law
Global value chain integration will be done to transform the local brand into a global brand. The remaining details of the Atmanibhar Bharat Abhiyan will be released soon by Finance Minister Nirmala Sitharaman. We must pledge to wear masks and maintain social distance. Nationwide coronavirus (COVID-19) lockdown will continue. The lockdown 4.0 statement will be released before 18 May 2020 and will be the new rules suggested by the state governments.
Government Initiative for Last Dependent India in last 6 years
Central government. Various initiatives have already been taken in the last 6 years to make India self-reliant, which are as follows: –
- Poor people – Various schemes like Swachh Bharat Abhiyan, Ayushman Bharat Scheme, DBT based reforms, Jan Dhan Khata, Micro Insurance Scheme, PM Awas Yojana, Pradhan Mantri Ujjwala Yojana.
- Farmers – Pradhan Mantri Bima Yojana, PM-Kisan Yojana, creation of new fisheries department, PM Krishi Irrigation Scheme.
- Business – Public sector bank recapitalization, PSB merger, FDI, ease of business improvement, GST reform.
- National reforms – privatization of airports, improvement in power sector, 175 GW of solar targets, cleanliness of mining sector.
Total Allocation for Atmanirbhar Bharat Abhiyan
Here is the total allocation of money under the flagship Atmanirbhar Bharat Abhiyan 2020:-
| Description | Cost in Crores |
|---|---|
| Reserve Bank of India (RBI) Measures | 8,01,603 |
| Tax Concessions from 22 March 2020 | 7,800 |
| Pradhan Mantri Garib Kalyan Yojana | 1,70,000 |
| PM Modi’s Announcement for Health Sector | 15,000 |
| Emergency W/C facility for businesses including MSMEs | 3,00,000 |
| Subordinate debt for stressed MSMEs | 20,000 |
| Fund of Funds for MSMEs | 50,000 |
| EPF Support for Business and Workers | 2,800 |
| Reduction in EPF Rates | 6,750 |
| Special Liquidity Scheme for NBFC / HFC / MFI | 30,000 |
| Partial Credit Guarantee Scheme 2.0 for liabilities of NBFCs / MFIs | 45,000 |
| Liquidity Injection for DISCOMs | 90,000 |
| Reduction in TDS / TCS Rates | 50,000 |
| Free food grain supply to stranded migrant workers for 2 months | 3,500 |
| Interest subvention for MUDRA Shishu loans | 1,500 |
| Special credit facility to street vendors | 5,000 |
| Housing CLSS-MIG | 70,000 |
| Additional Emergency Working Capital through NABARD | 30,000 |
| Additional Credit through KCC | 2,00,000 |
| Food Micro Enterprises | 10,000 |
| Pradhan Mantri Matsya Sampada Yojana | 20,000 |
| TOP to Total: Operation Greens | 500 |
| Agri Infrastructure Fund | 1,00,000 |
| Animal Husbandry Infrastructure Development Fund | 15,000 |
| Promotion of herbal cultivation | 4,000 |
| Beekeeping Initiative | 500 |
| Viability Gap Funding | 8,100 |
| Additional MGNREGS Allocation | 40,000 |
| Total Allocation | 20,97,053 |
Frequently Asked Questions (FAQs)
1) What is Faith Nirbhaar Bharat Abhiyan?
The Atma Nirbhaar Bharat Abhiyan or Self-Employment India Campaign is a new initiative of the Modi-led central government, which can make itself self-reliant. The main objective is to make India a manufacturing center capable of meeting its requirements and also producing for others. In simple words, India should become a major exporter of goods and services rather than an importer of goods.
2) What are the main factors to be considered?
In this initiative, the government will focus on the development of the economy, infrastructure development, system improvement, demographics and demand-supply chain.
3) What is the relief amount provided by Modi government?
Atmanbir Bharat Abhiyan, Government of India for this. Will provide an assistance amount of Rs. 20 lakh crores for various sectors. This amount is approx. 10% of India’s total GDP.
4) What is the need to start this self-reliable India campaign?
As the coronavirus epidemic crisis continues, the world economy including India is in a slump and has seen a major decline. Major countries around the world are in lockdown to deal with COVID-19 proliferation. The Government of India has also imposed a nationwide lockout in which all industries, factories, shops are closed and hence the economy is in decline. To revive the Indian economy in the midst of the COVID-19 crisis, the government has decided to provide assistance under the Self Reliable India Campaign.
5) What is the most benefit in a particular area?
All the above sectors will benefit so that the entire Indian economy can get a boost. The main issues will be on land issues, labor, liquidity support and reform of laws. This self-reliant India campaign will put India’s economy back on track and it will also reduce the risk of job loss.
4) Who are the main beneficiaries of Ethics Nirbhaar Bharat Abhiyan?
Farmers, laborers, construction workers, middle class people, public sector workers, upper class people and all those who work hard for the development of the economy will be the major beneficiaries.