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Aatmanirbhar Bharat: Introduction and Phase-3 Measures


Context


The Government of India recently announced a new set of measures under Atmanirbhar Bharat Abhiyan worth around Rs. 1.2 Lakh crore to give a push to job creation, provide liquidity support to stressed sectors and encourage economic activity in housing and infrastructure areas.

Apart from that, the government is providing an additional outlay of Rs 65000 crore as fertilizer subsidy to boost agricultural produce, extend support to growing demand and to support farmer community as a whole.

The announcement of linkage of 10 new sectors under Production Linked Incentives Scheme is also a part of Atmanirbhar Bharat 3.0.

 

Introduction to Atmanirbhar Bharat Abhiyan


· Atmanirbhar Bharat, Self-Reliant India in English, was a clarion call given by the Prime Minister of India in the aftermath of COVID-19 Pandemic. With the onset of a pandemic, it was realised that too much dependence on foreign products can prove to be lethal during testing times.


· Along with the call, the government announced Rs 20 Lakh Crore stimulus economic relief package for the citizens. This figure of Rs. 20 lakh crore was a mixture of the various scheme announcements made by the government along with the RBI measures.


· The five pillars on which Atmanirbhar Bharat Abhiyan rests are

  1. Economy: contemplates not an Incremental change but a quantum leap so that we can convert the current adversity into an advantage.

  2. Infrastructure: that can be an image of modern India or it can be the identity of India.

  3. Systems: driven by 21st-century technology, and that is not based on old rules.

  4. Democracy: a vibrant democracy that is the source of energy to make India self-reliant.

  5. Demand: where the strength of our demand and supply chain is utili