Schemes of Union Government and it’s initiative on ATMANIRBHAR Bharat and Vocal for LOCAL
- Production Linked Incentive (PLI) Scheme:
- Objective: The PLI scheme aims to boost domestic manufacturing and attract investment in key sectors by providing financial incentives.
- Sectors Covered: Electronics manufacturing, pharmaceuticals, automobiles, textiles, food processing, and more.
- Incentives: Companies meeting specified production targets receive incentives based on the incremental sales of products manufactured in India.
- Impact: Enhances India’s competitiveness in global markets, creates jobs, and reduces dependency on imports.
- Make in India:
- Objective: Launched in 2014, Make in India aims to transform India into a global manufacturing hub.
- Focus Areas: Promotes domestic manufacturing across sectors like automobiles, electronics, textiles, pharmaceuticals, and defense.
- Initiatives: Improves ease of doing business, simplifies regulatory frameworks, and offers incentives for manufacturing activities.
- Benefits: Attracts foreign investment, enhances technology transfer, and fosters job creation and skill development.
- Startup India:
- Objective: Fosters an ecosystem of innovation and entrepreneurship to create sustainable jobs and economic growth.
- Support Offered: Provides funding, incubation support, mentorship, and regulatory guidance to startups.
- Key Initiatives: Startup India Seed Fund Scheme, Fund of Funds for Startups (FFS), and various tax incentives for startups.
- Impact: Encourages young entrepreneurs to innovate, disrupt traditional sectors, and contribute to economic development.
- National Innovation and Startup Policy (NISP):
- Objective: Promotes innovation-led entrepreneurship and positions India as a global innovation hub.
- Components: Encourages research and development (R&D), industry-academia collaboration, and supports technology-driven startups.
- Focus Areas: Enhances access to funding, intellectual property rights (IPR) protection, and market access for startups and innovators.
- Outcome: Spurs technological advancements, addresses societal challenges through innovation, and drives sustainable economic growth.
- Pradhan Mantri Mudra Yojana (PMMY):
- Objective: Provides financial support to micro, small, and medium enterprises (MSMEs) through collateral-free loans.
- Loan Categories: Shishu (up to ₹50,000), Kishor (₹50,001 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh) to cater to different stages of business growth.
- Implementation: Loans disbursed through banks, NBFCs, and microfinance institutions (MFIs).
- Impact: Promotes entrepreneurship, facilitates access to finance, and supports job creation across rural and urban areas.
- Aatmanirbhar Bharat Rozgar Yojana (ABRY):
- Objective: Incentivizes formal job creation in sectors adversely affected by the COVID-19 pandemic.
- Period Covered: Subsidy on provident fund contributions for new employees hired between October 2020 and June 2021.
- Benefits: Boosts employment generation, supports economic recovery, and encourages businesses to hire more workers.
- Vocal for Local:
- Objective: Promotes the use of locally-made products and services to strengthen the local economy and reduce dependency on imports.
- Campaign Focus: Encourages consumers and businesses to choose Indian goods over foreign alternatives.
- Government Support: Initiatives to improve market access, quality standards, and branding of local products.
- Impact: Enhances self-reliance, supports artisans and small businesses, and contributes to sustainable economic development.
- National Handloom Development Program (NHDP):
- Objective: Supports the development of the handloom sector by providing financial assistance, skill development training, and marketing support.
- Focus Areas: Empowers handloom weavers, preserves traditional craftsmanship, and enhances market competitiveness of handloom products.
- Initiatives: Infrastructure improvement, capacity building, and promotion of handloom products domestically and internationally.
- Impact: Improves livelihoods of artisans, promotes cultural heritage, and boosts exports of handloom products.
- Pradhan Mantri Jan Dhan Yojana (PMJDY):
- Objective: Promotes financial inclusion by providing basic banking services to unbanked individuals.
- Components: Offers savings accounts, RuPay debit cards, and access to insurance and pension schemes.
- Impact: Increases banking penetration, facilitates direct benefit transfers (DBT), and promotes financial literacy among underserved populations.
- National Rural Livelihoods Mission (NRLM):
- Objective: Aims to reduce poverty and promote self-employment among rural households, especially women, through self-help groups (SHGs).
- Support Offered: Financial assistance, skill development training, and livelihood promotion activities.
- Outcome: Empowers rural entrepreneurs, enhances income generation, and supports sustainable rural development.
- Digital India:
- Objective: Transforms India into a digitally empowered society and knowledge economy.
- Initiatives: BharatNet, e-Governance services, digital payments, and Aadhaar-based services to improve digital infrastructure and services.
- Impact: Bridges the digital divide, promotes digital literacy, and leverages technology for inclusive growth and governance.
- Swachh Bharat Mission (SBM):
- Objective: Aims for a clean and open defecation-free India through improved sanitation infrastructure and behavior change campaigns.
- Components: Construction of toilets, solid waste management, and hygiene promotion activities.
- Impact: Improves public health outcomes, enhances quality of life, and promotes sustainable urban and rural development.
These initiatives collectively contribute to the Atmanirbhar Bharat vision by promoting economic self-reliance, enhancing competitiveness, fostering innovation, and improving livelihoods across various sectors of the economy.