On 12th May, when everyone was waiting for Prime Minister Narendra Modi’s speech and looking forward to hearing regarding the lockdown, he surprised everyone by talking about Aatmnirbhar Bharat or Self-Reliant India. In this fifth addressing of PM Modi towards the country, he announced a new project called Atmnirbhar Bharat yojana.
AATMNIRBHAR BHARAT YOJANA
Atmnirbhar Bharat yojana is a scheme in which Prime Minister Narendra Modi discussed five pillars on which this whole scheme is based. These are the five pillars or strengths that can help India in such a pandemic situation. These 5 pillars can act as a foundation for a Self- Reliant India or Atmnirbhar Bharat. He explained that India is a kind of building that is settled on five pillars which can help our whole country in such a Covid-19 situation if worked in the right direction.
5 Pillars of Aatmnirbhar Bharat
So, here we are going to discuss the 5 pillars of Atmnirbhar Bharat yojana that were discussed by Prime Minister Narendra Modi.
The first pillar of this scheme is Economy, a kind of Economy that does not create only Incremental change but also create quantum change so that we can handle the current loses.
The second pillar of this scheme is Infrastructure, a kind of infrastructure that can be an image of modern India or it can be the identity of India.
The third pillar of AAtmnirbhar Bharat Yojana is System, a kind of system that is not based on old rules and rituals but based on the new upcoming technology. The world is changing day by day and getting better in terms of technology and If India will still use old rules and technology, then it will be difficult to handle the current situation of India. To save the Indian Economy, we need to make changes in the Indian system by using new and better technology.
The fourth pillar of this scheme is Democracy, no doubt India is known for the largest democracy in the whole world. This vibrant democracy is not only our strength but also our power to make India a Self- Reliant or Atmnirbhar country. As India has the largest democracy, we have the power of Introducing changes in the country that can help us to work in the direction of this scheme.
The fifth and the last pillar of this scheme is Demand, India is a large and a populated country where demand and supply of products is an asset. We need to utilize such assets very powerfully and intelligently.
Economy Hit Due To COVID 19
As due to coronavirus, the Indian Economy is in danger and if we want our economic conditions back to the track, we need to work hard by utilizing all of the above pillars that were explained by PM Modi in his speech towards the general public. Currently, due to lockdown, no businesses are running but to save our economy we need to save it while taking preventive majors for COVID19.
PM Modi Announced Big Package
PM Narendra Modi said this COVID 19 pandemic is a situation that gives us an opportunity to become self-Reliant or Atmnirbhar. We should use this situation as an opportunity so that we can use the current situation in a better way. He announced massive financial incentives of 20 lakh crores including the last financial incentives that were announced by RBI.
PM said we cannot exhaust in such a situation, we need to take it as an opportunity then only we can shift our economy on the track again. He said we need to transform us into self-reliant in such a problem where the whole world is getting affected by this virus. We have to protect us from this crisis by using it as an opportunity, he added. If we all will take it positively, we can easily fight with such a situation.
This 20 lakh crore is 10% of the total GDP of India which will now use for Atmnirbhar Bharat Yojana, to make it Self- Reliant. It will be a major source to help financial issues of any part of the countries. This package is mainly focusing on Labour class, middle class, farmers, and small businessman.
Main Focus Of Atmnirbhar Bharat Yojana Package
The main focus of this economic package is land, labour, liquidity, and laws as told by PM Modi while addressing the nation for the fifth time in the COVID19 situation. This will help many industries such as Cottage, Small Scale, a home industry which are livelihoods for crores of people living in India. This package will help middle-class people as they pay their tax on time and also for farmers who work in any condition for the welfare of the country regardless of the weather or any other problem.
PM Modi also urged people to use local products as they are easily available and also helps in the Indian economy. He said, start buying and using local products and brands so that we can multiply our countries money and helps to keep our nation money here only. He said those global brands which are using by common people right now, were once local brands and gradually becomes a brand. He said we should encourage the local brands and products, so we do not depend on the import of products and can help our local business in their growth.
AAtmnirbhar Bharat Yojana is a great step to save the economy of our nation. With the help of this economic financial package, crores of people will be able to financially stable again those who hardly hit by COVID19 situation in the past 2-3 months. By this decision of PM Modi we can expect a better economic condition in upcoming months. This yojana will help many local people and small scale businesses, to revive their carrier again and this will help all over the nation. Everyone is taking this step as one of the best strategies until now during this pandemic.