Atma Nirbhar Bharat Abhiyan was set in motion on 12th May, in the year 2020 during India’s COVID-19 pandemic. It translates to ‘self-reliant India’ or ‘self-sufficient India‘. It is not about being self-sufficient or being close to the world; it is about being self-sustaining and self-generating. Formulated by India’s Prime Minister, Narendra Modi, it aims to make India a more critical part of the global economy, pursuing policies that are efficient, competitive and resilient, and being self-sustaining and self-generating. It stresses the importance of promoting “local” products. Norms were also set on tenders and their procurement.
Some points of the scheme: –
- It aims to be built on the five pillars, namely, economy, infrastructure, system, vibrant demography, and demand.
- A package of Rs 20 lakh was announced to aid our country out of the Coronavirus crisis.
- Everyone is suggested to improve quality, modernization of the supply chain, and providing the best products.
- The package is going to be used for cottage industry, home industry, small-scale industry, MSME, labourers, farmers, middle-class people, and those Indian industries which are working to boost our economy dedicatedly.
- This package is inclusive of Rs. 1.7 Lakh crore of free food grains to the poor and cash to poor women and older people, as well as liquidity measures and interest rate cuts by the Reserve Bank of India which entirely amounts to Rs. 8.01 lakh crore.
- The borrowing limits of state governments will go up from 3% to 5% of Gross State Domestic Product (GSDP) for the year 2020-21.
- A unique scheme will be launched to facilitate easy access to credit for street vendors.
- An additional fund of Rs 30,000 crore will be released as emergency working capital for farmers.
Buying “local” seems to be an “old world” concept, but it is not old-fashioned. Buying locally boosts up the local economy, and it is time to seize this opportunity and uplift the local market.
Rules about tenders: –
- The government had barred departments from issuing global tenders for contracts worth Rs 200 crore or less.
- Ministries cannot seek to issue global tenders unless they have first floated a domestic tender for their requirements, and have tried to locate domestic producers in coordination with industry bodies.
“All government agencies have been directed first to approach the Department for Promotion of Industry and Internal Trade (DPIIT) to identify domestic manufacturers and service providers who can meet their requirements,” one of the officials said.
Measures are taken to benefit micro, small, and medium enterprises which would protect the sector from unfair competition from the foreign market. By making conscious decisions to support local markets, food growers, and service providers, we are empowering our local economies which in turn will thrive and grow.
Why should we prioritize local markets?
- Buying locally strengthens communities.
- Local employment is increased.
- Local buys keep the wealth in our neighbourhoods, improving the prosperity for the people around us instead of going to a far-away corporation.
- It displays the pride of the community.
- When we
- patronize a local hardware store instead of an effective box alternative, we help a local business to stay in business in a recent challenging economy.
- It helps us to invest directly into our local economy.
Given the campaign, BidAssist has a separate section devoted to local tenders, helping in the growth of the economy. In this time, prioritizing local tenders and buying locally will keep the wealth and jobs flowing within the community. The conquerors of the new economy will not be countries with enormous shipments or big box stores. The winners will be countries thriving with local infrastructure.