In pursuit of financial self reliance of common people.
By: Gupta, Arindam
.
Material type: 
BookPublisher: South Asian Journal of Socio-Political Studies Description: 23(2), Jan-Jun, 2023: p.112-115.
In:
South Asian Journal of Socio-Political StudiesSummary: On 12th May 2020, the prime minister raised a clarion call in the name of the Atmanirbhar Bharat Abhiyaan (Self-reliant India campaign) announcing the special economic and comprehensive package of `20 lakh crore, which according to some estimate is equivalent to 10% of India’s GDP. Just before this monthly transfers of `500 were announced to women’s Jan Dhan accounts on 26th March, 2020 for the next three months under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). Atmanirbhar is no new term if introspected but it matters when and how a term is getting used. Moreover, in the backdrop of a gloomy environment particularly encompassing the economy and health during the peak of the Covid-19 wave the main objective of the prime minister must have been to deliver a vision for turning around the gloominess. It imbibes to a great extent the country’s urgent need of self-reliance based on its own unused capacity and a little support from the fellow citizens who are capable of providing so. Later, in course of time, it turns into a concept which is extended to education with the announcement of National Education Policy, 2020 in July 2020 and also with announcements in the banking sector adding features to the existing schemes with attempts to make the people financially more stable. A country’s self-reliance cannot be achieved if internally the people of the country suffer from poverty and if the common people remain financially excluded. The following sections of the article deal with two distinguished government schemes, Pradhan Mantri Jan Dhan Yojana (PMJDY) as announced on 15thAugust, 2014 and Pradhan Mantri Mudra Yojana (PMMY) as announced on 8th April, 2015, to examine to what extent those schemes help the people of the country to become financially “self-reliant”. Also digital financial inclusion in the country and issue of entrepreneurship to promote self-employment is discussed.- Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 23(2), Jan-Jun, 2023: p.112-115 | Available | AR129124 |
On 12th May 2020, the prime minister raised a clarion call in the name of the Atmanirbhar Bharat Abhiyaan (Self-reliant India campaign) announcing the special economic and comprehensive package of `20 lakh crore, which according to some estimate is equivalent to 10% of India’s GDP. Just before this monthly transfers of `500 were announced to women’s Jan Dhan accounts on 26th March, 2020 for the next three months under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). Atmanirbhar is no new term if introspected but it matters when and how a term is getting used. Moreover, in the backdrop of a gloomy environment particularly encompassing the economy and health during the peak of the Covid-19 wave the main objective of the prime minister must have been to deliver a vision for turning around the gloominess. It imbibes to a great extent the country’s urgent need of self-reliance based on its own unused capacity and a little support from the fellow citizens who are capable of providing so. Later, in course of time, it turns into a concept which is extended to education with the announcement of National Education Policy, 2020 in July 2020 and also with announcements in the banking sector adding features to the existing schemes with attempts to make the people financially more stable. A country’s self-reliance cannot be achieved if internally the people of the country suffer from poverty and if the common people remain financially excluded. The following sections of the article deal with two distinguished government schemes, Pradhan Mantri Jan Dhan Yojana (PMJDY) as announced on 15thAugust, 2014 and Pradhan Mantri Mudra Yojana (PMMY) as announced on 8th April, 2015, to examine to what extent those schemes help the people of the country to become financially “self-reliant”. Also digital financial inclusion in the country and issue of entrepreneurship to promote self-employment is discussed.- Reproduced
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