How beneficial is Aatmanirbhar Bharat Abhiyan for MSME?

Aatmanirbhar Bharat Abhiyan is a government scheme to fulfil the dream of India to become self-reliant or self-sufficient. There are multiple advantages and benefits of  Aatmanirbhar Bharat Abhiyan for MSME.  Both are together working to achieve the goal of “self-reliant India” of the Indian government. This Self Reliant India Mission is one of the most needed schemes as per the current time. Through this scheme, manufacturing and entrepreneurship have been promoted so that new opportunities will be created which can help India to become self-sufficient. Micro, Small and Medium Enterprises, commonly known as MSMEs are playing a great role in achieving the goal of ABV. The current blog will discuss the role of MSMEs in the ABA and how beneficial Aatmanirbhar Bharat Abhiyan for MSME in India. 

What is Aatmanirbhar Bharat Abhiyan? 

Self Reliant India Mission, which is popularly known as Aatmanirbhar Bharat Abhiyan, was started or launched by the Indian government in 2020. With respect to growth and development  Aatmanirbhar Bharat Abhiyan for MSME plays an eminent role. Under the Aatmanirbhar Bharat Abhiyan scheme, the central government has announced a package of Rs. 20 lakh crore. The scheme is announced in five tranches, wherein the first tranche, support of Rs. 3.7 lakh crore will be provided. After this scheme, there were various noticeable changes one can notice in the growth of the Indian economy. 

What are MSMEs? 

MSMEs are small businesses that mostly originate from the rural areas of India. Such kinds of businesses are mainly divided into three types of entities which are micro, small and medium enterprises. Which business will fall under which category will be decided according to the turnover and investment of the business.  The government gives all these three types of entities a registration called MSME registration. 

This MSME registration, now known as Udyam registration, is the very first step towards making the MSMEs self-sufficient. This registration can be obtained by these enterprises through online procedures. There are some formalities that one needs to complete online to obtain a Udyam registration certificate. For the growth of such kinds of entities, the government offers various benefits like an easy loan facility, online complaint facility for recovery of money etc. but to get all these one needs to show a udyam certificate. Therefore, it is always suggested to MSMEs to get the above-mentioned registration compulsorily. 

Classification of MSME in 2023

MSMEs are mainly classified into three categories. This classification was earlier based on the manufacturing and services basis, but after the recent changes now the classification is based on the turnover and the investment of the MSMEs. Given below are the two tables of old as well as new classifications.  

Old Classification 

New Classification 

Role of  Aatmanirbhar Bharat Abhiyan for MSME in India 

Aatmanirbhar Bharat Abhiyan for  MSME plays a very significant role in the development of micro, small and medium enterprises. MSMEs are the key drivers of the Aatmanirbhar Bharat Abhiyan. They help the ABA achieve its goals and objectives. MSMEs are run by the common man of India and help in various ways to make India self-sufficient. MSMEs produce or generate new opportunities and motivate the common man to become self-reliant. The government is providing various training to the laymen so that they can learn things and start their own work. These skills have been provided through the skill development program of the government. Some of the skills established in Aatmanirbhar Bharat Abhiyan for MSME are given below: 

Waste Management Training 

Training has been provided in the management of waste material and making something that is useful in any way. In a village, a person collects all the flowers that have been offered to the god and, after recycling them, makes incense sticks. Today, he is earning through the same business and also expanding his business from villages to nearby towns and cities. This not only helps him but also helps those who are working in his enterprise. This is how the Aatmanirbhar Bharat Abhiyan for MSME. 

Tailoring Training

Tailoring training has been provided to the men and women so that after learning the skill, they can start their own work. After this, they not only become self-sufficient but also provide work opportunities to others on a smaller level. These small steps under Aatmanirbhar Bharat Abhiyan for MSME help in making India self-reliant or self-sufficient.  That is why so much effort has been given on the smaller level. 

Professional Cake Training 

Nowadays, in every event, either a small or a big one, cakes are everywhere. That is why the government decided to give training to individuals in professional cake-making. This will help them to start their own small business on a smaller level. In such businesses, investment is less and is doable from home itself. 

Computer Training 

We are in the era of digitalisation. In the current time, if a person is familiar with computer operations, he or she can earn to survive. That is why the government decided to give basic computer training so that people can learn to operate computers and get various job opportunities. In every kind of business, either a micro, small or medium computer operator is required. Hence, providing this computer training can help people get job opportunities and employment, and that is how they can earn and become self-sufficient.

Mobile Repairing Training 

Whether a person is below the poverty line or above the poverty line, they have one thing in common in their hands, which is a mobile phone. Hence the government decided to give vocal training in mobile repairing, and after this mobile repairing training, a person is able to work in the mobile repairing centers or open a mobile repairing shop. This is how he can be employed or can provide employment after opening his own mobile shops. 

Beauty Parlour Courses 

Nowadays, we can see how people are doing great in this industry called the beautician’s industry. Only one thing is required, which is proper training. That is why to make women self-reliant, the government is providing training in the same industry. By providing basic training in the form of beauty parlour courses, the government is encouraging women to open their own small businesses while sitting at their homes. Such a business does not require much investment. One can easily start this with little resources. 

Key Impacts of Aatmanirbhar Bharat Abhiyan for MSME

Aatmanirbhar Bharat Abhiyan for MSME works as a helping hand, and indirectly both are interdependent on each other. The main aim or goal of ABA is to make India self-reliant or self-sufficient. Indirectly or directly, MSMEs are helping the ABA to achieve its goal. Under the ABA, various facilities and benefits have been provided to motivate people to start their own things so that India can become self-reliant gradually. Some of the main or key impacts of ABA on MSMEs are given below: 

Promotion of Manufacturing 

One of the main aims of ABA is to promote manufacturing in India. On the other hand, by manufacturing goods in India, MSMEs are helping the  ABA to achieve its goal of self-sufficiency. Manufacturing in India is part of  ABA, so India doesn’t have to import things from outside; instead, it can manufacture those things in India itself. This will help  ABA to achieve its main objective of making India self-reliant and self-sufficient. 

Create Employment Opportunities 

MSMEs are developed mostly in the rural areas of India, and such kinds of entities coming from rural backgrounds help in the growth of the rural areas. ABA doesn’t mean only manufacturing; it consists of many things that make India self-sufficient. And creating employment is one of them. Due to all the mentioned things, Aatmanirbhar Bharat Abhiyan and MSME are connected with each other either directly or indirectly. 

Encourage Entrepreneurship 

MSMEs are famous for their encouragement of entrepreneurship in India. They promote small businesses so that as many people as possible can start their own businesses in India. This will not only create opportunities but also help the Aatmanirbhar Bharat Scheme to achieve its goal of becoming India self-reliant. That is why it has been said that Aatmanirbhar Bharat Abhiyan for MSME works as a support system. 

Promoting Exports 

Because of MSMEs, India has become a significant contributor in the field of exports, MSMEs help to boost India’s export sector in the world. If such kinds of entities are supported with the help of schemes like Aatmanirbhar Bharat, they can easily make India self-reliant and self-sufficient. Aatmanirbhar Bharat Abhiyan for MSME is a significant contributor with respect to their growth and development.  

Benefits of Aatmanirbhar Bharat Abhiyan for MSME 

There are many significant advantages and benefits of Aatmanirbhar Bharat Abhiyan for MSME. Some of the closest ones are given below: 

• Boost the Indian Economy 
• Promote startup culture in India 
• Promote entrepreneurship in India 
• Make India self-reliant 
• Growth of manufacturing sector and export sector in India 
• Create opportunities like employment
• Attract foreign direct investment in India 
• Helps in the growth of the rural sector of India 
• Promotes handloom culture in India 

Conclusion 

The relationship between Aatmanirbhar Bharat Abhiyan and  MSME is symbiotic. Aatmanirbhar Bharat Abhiyan for  MSME contributes significantly by promoting manufacturing, creating employment opportunities, encouraging entrepreneurship, and boosting India’s exports. These enterprises have become hubs of innovation and self-reliance, aligning perfectly with the goals of ABA. Therefore, it has been said that Aatmanirbhar Bharat Abhiyan for  MSME is like a helping hand and a great support system. They are the support system of one another. Both work hand-in-hand for the achievement of one single goal which is self-sufficient or self-reliant India.