A Revisit To Atmanirbhar Bharat: Financial Self-Reliance of The People as Progressed With Financial Inclusion and DBT

Abstract

The Government has set a road map in pursuit of financial self-reliance of common people which was getting threatened during the recent covid pandemic. The Atmanirbhar Bharat Abhiyaan announced ₹20 lakh crore special economic and comprehensive packages which is equivalent to 10 per cent of India’s GDP. Before this Pradhan Mantri Jan Dhan Yojana ensured financial inclusion very successfully by providing a bank account to the unbanked people, this has helped the Government to channelize DBT comprising multiple schemes for which benefits are directly transferred to beneficiaries through state institutions primarily. Further the more important credit-enabled self-employment is attempted aggressively by Pradhan Mantri Mudra Yojana. This article looks into the prevailing system in India in which how Atmanirbhar Bharat, not alone, but other preexisting programmes like DBT and financial inclusion played crucial role in drawing a kind of financial self-reliance.