With the outbreak of Covid-19, the whole world has come to a halt. There is a deep and dark cloud of uncertainty. Due to travel restrictions, the economies across the world are bound to impose and implement adverse policies and regulations regarding manufacturing and export. This has resulted in de-globalization. The condition has brought problems for developing nations like India which were highly dependent on other countries for the availability of various products. Economic fallouts, loss of jobs and dependence on other countries for not only luxurious goods but some essential and lifestyle goods also, India had to face dual problem as negative supply and demand along with the health challenges had to be faced. The only solution for the recovery of Indian economy from the impact of this disastrous pandemic was to become self-reliant. Aatmanirbhar Bharat scheme implemented by the Government of India is the significant step towards the journey of being self-reliant. This paper focuses on the significance and prospective implications of the scheme in the near future. The paper follows the descriptive approach.

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Keywords: Aatmanirbhar Bharat, Entrepreneurship, Make in India, Vocal for Local.