MISSION ATMANIRBHAR BHARAT

Can mission atma-nirbhar[swadeshi movement] is relevant according to present economic crisis in covid19 or economy fluctuation? #lawinroutine

What is mission atma nirbhar ?

mission atma nirbhar introduce by our honourable prime minister at the end of the third phase of lockdown which backed up by the finance minister smt. Nirmala sitaraman. According to this mission budget / package of rupees 20 lakh crore or 10% of GDP will disbursed according tho the plans of finance ministry and union government . main objective behind the mission is to provide assistance to the farmers and mini scale manufacturers.

How it works?

1. Rs 20,000 crores subordinate debt will be available for stressed MSME. Two lakh MSMEs are likely to benefit from it. [ it will results in stimulation of Indian economy with the valid reserve bank of india guidelines. It will help in generate revenue by the means of GST collected by the way tax plus revenue given to small industries.]

2. 6 lakh crore will be lend to private banks. [it generates more interest of money than given to private banks. It helps the central government to earn revenue easily and in a fastest way.]

3. So far, Rs 52,606 crore has been transferred to 41 crore Jan Dhan account holders, Rs 18,000 crore grain transfers; Ujjwala, divyang and old age have also benefited.

Make in india mission 2014

Make in india mission introduce by the modi govt1.0 in 2014 with the objective to raise the contribution of the manufacturing sector to 25% of the Gross Domestic Product (GDP) by the year 2025 from its current 16%. Make in India has introduced multiple new initiatives, promoting foreign direct investment, implementing intellectual property rights and developing the manufacturing sector.
Lending money to MSME’S sector also strengthen the Make in india mission. This mission is similar to atma nirbhar mission . where in both mission the main advocating aim is to insure development and manufacturing g of goods in india.

Swadesh movement [ 1850 – 1991 }

Word ‘swadeshi’ derived from the Sanskrit word . swa means own and desh means nation . the word means own nation . the objective of this movement is to boycott british economy policies by manufacturing product in swadesh by the own products like raw material . khadi movement is one of that . swadeshi movement got highlighted after the joining of mahatma gandhi in 1921 to till his death . but prior to him leaders like Dadabhai Naoroji, Gokhale, Ranade, Tilak, G. V. Joshi and Bhaswat K. Nigoni. This was also known as First Swadeshi Movement volunteers
The Swadeshi movement started with the partition of Bengal by the Viceroy of India, Lord Curzon in 1905 and continued up to 1911. It was the most successful of the pre-Gandhian movement. Its chief architects were Aurobindo Ghosh, Lokmanya Bal Gangadhar Tilak, Bipin Chandra Pal and Lala Lajpat Rai, V. O. Chidambaram Pillai, Babu Genu. Swadeshi, as a strategy, was a key focus of Mahatma Gandhi, who described it as the soul of Swaraj (self rule). It was strongest in Bengal and was also called the Vandemataram movement

Shock therapy in Union of Soviet Socialist Republics

Communist government was prevailing in ussr . gorbachev introduce the new method ‘shock therapy’ to regain its economy . ussr losts his all economy in purchasing weapons and entering into a war of Bangladesh.
According to shock therapy method . ussr govt. decided to handover all his government control factories and industries to purchasers. Ussr govt. opt the method of auction to handovers the industries . this is the first time ever in ussr regime when privatization follows . because they against the privatization. This auction is known as ‘garage sale’ , also as abiggest sale in history of worls where largest industries sold on a very minimum price . this strategy also known as a Perestroika was a political movement for reformation within the Communist Party of the Soviet Union during the 1980s and is widely associated with Soviet leader Mikhail Gorbachev and his glasnost (meaning "openness") policy reform.this leads to demolition of ussr and rise of dominance of America over the entire globe.

Conclusion…….

We can conclude that economy reformation in covid19 mission atma nirbhar is relevant and effective. It works as a ventialator in economic crisis by stimulating or regulating economy by collecting tax ,revenue plus lended money . without opening the lockdown insurety of mini small workers and farmers to continue their work will definitely lead to regulate economy . by the above example USSR , we can understand that how much development and manufacturing in own nation by own citizens and ownership is important .
Strategy opt by the central government is beneficial for the govt. by that they can regenerate this amount

Thank you… #lawinroutine