Thread by @PIB_India

#Budget2021

As Finance Minister @nsitharaman presents the Union Budget for a very crucial year for the domestic & global economy, stay tuned to #PIB to catch LIVE updates & more

Watch FM's Budget speech, LIVE from 11 AM

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LIVE shortly: Presentation of Union #Budget2021-'22 in Parliament, by Finance Minister @nsitharaman

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#AatmaNirbharBharatKaBudget

Finance Minister @nsitharaman rises to present #Budget2021-'22 in Parliament

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#AatmanirbharBharatKaBudget

Finance Minister begins #Budget2021 speech by recounting the unprecedented circumstances through which the nation and the world had to go through and recognizing the service rendered by #COVID Warriors during the crucial months of the pandemic #AatmanirbharBharatKaBudget

#Budget2021

The total financial impact of all #AatmaNirbharBharat packages, including measures taken by @RBI, was about ₹ 27.1 lakh crore, more than 13% of GDP

- FM @nsitharaman

#AatmanirbharBharatKaBudget

The Govt. stretched its resources for the benefit of the poorest of the poor

The PM Garib Kalyan Yojana, the three Aatma Nirbhar Bharat packages and subsequent announcements were like five mini-budgets in themselves

- Finance Minister

#Budget2021 #AatmanirbharBharatKaBudget

#Budget2021

#AatmanirbharBharat packages accelerated structural reforms

Today, India has two vaccines, we have begun to safeguard both our citizens as well as 100 or more countries

Two or more more vaccines also expected soon

- FM @nsitharaman

#AatmanirbharBharatKaBudget

#Budget2021

"Faith is the bird that feels the light and sings when the dawn is still dark"

FM @nsitharaman quotes Rabindranath Tagore, adding that this moment in history is the dawn of a new era, where India is well-poised to be the land of promise and hope"

India now has one of the lowest #COVID19 death rates of 112 per million population and one of the lowest active cases of about 130 per million

This has laid the foundation for the economic revival we see today

- FM @nsitharaman

#Budget2021

#AatmanirbharBharatKaBudget

Only three times has the Budget followed a contraction in the economy

This time, unlike before, the situation is due to a global pandemic

#Budget2021 provides every opportunity for economy to capture pace and grow sustainably

- FM @nsitharaman

#AatmanirbharBharatKaBudget

In Part A of #Budget2021, Finance Minister lays out a vision for #AatmanirbharBharat

To strengthen the vision of Nation First, doubling farmers' income, strong infra, women's empowerment, healthy India, good governance, education for all, inclusive development

#Budget2021 proposals rest on six pillars

Health and Well-Being

Physical and Financial capital and infrastructure

Inclusive Development for Aspirational India

Reinvigorating Human Capital

Innovation and R&D

Minimum Govt., Maximum Governance

#AatmanirbharBharatKaBudget

Investment on health infra in #Budget2021 has increased substantially - FM @nsitharaman

Three areas - Preventive health, curative health and well-being - to be strengthened

#AatmanirbharBharatKaBudget

#Budget2021

New Centrally Sponsored Scheme #PMAatmanirbharSwasthBharatYojana to be launched, outlay of ₹ 64,180 crore over 6 years

To develop capacities of health care systems, develop institutions for detection & cure of new and emerging diseases
#AatmanirbharBharatKaBudget

#Budget2021

Main interventions under #PMAatmanirbharSwasthBharatYojana include:

Support for Health and Wellness Centres

Setting up Integrated Public Health labs in all districts

Critical care hospital blocks

Strengthening of NCDC

#AatmanirbharBharatKaBudget

#Budget2021

Supplementary Nutrition Programme & POSHAN Abhiyaan to be merged, Mission POSHAN 2.0 to be launched

To strengthen nutritional content, delivery & outcome

Intensified strategy for improving nutritional outcomes in aspirational districts

#AatmanirbharBharatKaBudget

#Budget2021

#JalJeevanMission Urban to be launched, outlay ₹ 2.87 lakh crore over 5 years

Aimed at universal water supply in all 4,378 urban local bodies, with 2.86 crore household tap connections and liquid waste management in 500 AMRUT cities

#AatmanirbharBharatKaBudget

#Budget2021

Urban Swachh Bharat Mission 2.0 with outlay of ₹ 1,41,678 crore over 5 years from 2021

Focused on complete fecal sludge management, waste water treatment, source segregation, management of waste from urban construction, bioremediation of legacy dump sites

#Budget2021

₹ 2,217 crore for 42 urban centres with million plus population, to tackle burgeoning problem of air pollution

#AatmanirbharBharatKaBudget

#Budget2021

Voluntary vehicle scrapping policy to phase out old and unfit vehicles

Vehicles to undergo fitness test in automated fitness centres after 20 years (personal vehicles) and 15 years (commercial vehicles)

#AatmanirbharBharatKaBudget

#Budget2021

The pneumococcal vaccine, limited to only 5 states at present, to be rolled out across the country

Will avert more than 50,000 child deaths annually, informs Finance Minister @nsitharaman

#AatmanirbharBharatKaBudget

#Budget2021

₹ 35,000 crore for #COVID19 Vaccine in this year 2021-'22

Govt. is committed to provide more funds, if required - FM @nsitharaman

#AatmanirbharBharatKaBudget

#Budget2021

Outlay for health increased to ₹ 2,23,846 crore, an increase of 137% relative to previous year's budget

#AatmanirbharBharatKaBudget

#Budget2021

₹ 1.97 lakh crore over 5 years starting this FY, for Production Linked Incentive Schemes to create manufacturing global champions for an #AatmaNirbharBharat

Will nurture size and scale and create jobs for youth

#AatmanirbharBharatKaBudget

#Budget2021

Scheme of Mega Investment Textile Parks to be launched, in addition to PLI scheme, to create world class infra in textile sector, with plug-and-play facilities, to create global export champions

7 textile parks to be set up over 3 years

#AatmanirbharBharatKaBudget

#Budget2021

To give further thrust to National Infrastructure Pipeline, three concrete actions to be taken:

Creating institutional structures

Monetizing assets

Increasing share of capital expenditure in central and state budgets

#AatmanirbharBharatKaBudget

#Budget2021

Professionally managed Development Financial Institution to be set up, to provide, enable & catalyze infra financing

₹ 20,000 crore to capitalize this institution

Aim is to have lending portfolio of at least ₹ 5 lakh crore in 3 years

#AatmanirbharBharatKaBudget

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National Monetization Pipeline of potential brownfield infrastructure assets to be launched, for monetizing operating public infra assets

Asset Monetization Dashboard to track progress and provide visibility to investors

#AatmanirbharBharatKaBudget

Five operational roads being transferred to NHAI

₹7,000 crore assets to be transferred to PGCIL

Railways to monetize dedicated freight corridor assets for O&M, after commissioning

Next lot of airports to be monetized for ops & mgmt. concessions

#AatmanirbharBharatKaBudget

#Budget2021

Sharp increase of 34.5% in capital expenditure as compared to previous budget estimates - resulting in allocation of ₹ 5.54 lakh crore

Echoing the govt.'s effort to spend more on capital expenditure, despite resource crunch

#AatmanirbharBharatKaBudget

#Budget2021

₹ 40,000 crore for programmes, projects and departments which show good progress in capital expenditure and which may be in need of further funds

More than ₹ 2 lakh crore for states and autonomous bodies for capex

#AatmanirbharBharatKaBudget

#Budget2021

By March 2022, another 8,500 km of road projects to be awarded, additional 11,000 km of NH corridors to be completed, under Bharat Mala Pariyojna project

#AatmanirbharBharatKaBudget

#Budget2021

Enhanced outlay of ₹ 1,18,101 crore for @MORTHIndia, out of which ₹ 1.08 lakh crore is for capital, the highest ever provided

#AatmanirbharBharatKaBudget

#Budget2021

Western Dedicated Freight Corridor and Eastern Dedicated Freight Corridor to be commissioned by June 2022

Various additional initiatives too being proposed

#AatmanirbharBharatKaBudget

#Budget2021

100% electrification of rail broad gauge routes to be completed by December 2023

#AatmanirbharBharatKaBudget

#Budget2021

High density rail networks and highly utilized rail routes to be provided with indigenously developed automatic train protection system which will eliminate train collision due to human error

#AatmanirbharBharatKaBudget

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Record sum of ₹ 1,10,055 crore to be provided for Indian Railways, out of which ₹ 1,07,100 is for capital expenditure only

#AatmanirbharBharatKaBudget

#Budget2021

New scheme at a cost of ₹ 18,000 crore for augmentation of public bus transport services

Will facilitate deployment of innovative PPP models enabling private players to finance, acquire, operate and maintain over 20,000 buses

#AatmanirbharBharatKaBudget

#Budget2021

MetroLite and Metro New Technologies to be deployed to provide metro rail systems in tier 2 cities and peripheral areas of tier 1 cities, at much lesser cost, with same experience, convenience and safety

#AatmanirbharBharatKaBudget

#Budget2021

Framework to be put in place, to provide consumers alternatives to choose from, from among more than one power distribution company

#AatmanirbharBharatKaBudget @MinOfPower

#Budget2021

Revamped, reforms-based, result-linked Power Distribution Sector Scheme to be launched, with outlay of ₹ 3,05,984 crore over 5 years

Will provide assistance to distribution companies for infrastructure creation

#AatmanirbharBharatKaBudget

#Budget2021

Comprehensive National Hydrogen Energy Mission to be launched, as per PM @narendramodi's announcement at 3rd REINVEST conference in Nov 2020

Mission will help generate hydrogen from green power sources

#AatmanirbharBharatKaBudget

#Budget2021

Seven port projects worth more than ₹ 2,000 crore to be offered by major ports in PPP Mode, in FY 2021-'22

To move to a model where private partner will manage operations of ports

#AatmanirbharBharatKaBudget

#Budget2021

Scheme for promoting flagging of merchant ships in India to be launched, by providing subsidy support to Indian shipping companies in global tenders floated by Ministries and CPSEs

₹ 1,624 crore over 5 years for this

#AatmanirbharBharatKaBudget

#Budget2021

Ship Recycling Capacities of around 4.5 million Light Displacement Tonnage to be doubled by 2024, expected to generate around 1.5 lakh jobs for our youth

#AatmanirbharBharatKaBudget

#Budget2021

#Ujjwala scheme which has benefited 8 crore households, will be extended to cover 1 crore more beneficiaries

#AatmanirbharBharatKaBudget

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100 more districts to be added in next 3 years, to City Gas Distribution Network

#AatmanirbharBharatKaBudget

#Budget2021

Independent Gas Transport System Operator to be set up, for facilitation and coordination of booking of common gas carrier capacity, in all natural gas pipelines, on non-discriminatory and open access basis

#AatmanirbharBharatKaBudget

#Budget2021

A single and rationalized Securities Markets Code to be set up, by consolidating provisions of SEBI Act 1992, Depositories Act 1996, Securities Contracts Regulation 1956 and Govt. Securities Act 2007

#AatmanirbharBharatKaBudget

#Budget2021

Permanent institutional framework to set up, to instill confidence in corporate bond market participants during times of stress and enhance secondary market liquidity

#AatmanirbharBharatKaBudget

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To set up a system of regulated gold exchanges in the country, SEBI will be notified as regulator and Warehousing Dev. and Regulatory Authority will be strengthened

#AatmanirbharBharatKaBudget

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For investor protection, Investor Charter as a right of all financial investors across all financial products to be introduced

#AatmanirbharBharatKaBudget

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Additional capital infusion of ₹ 1000 crore to Solar Energy Corporation of India and ₹ 1500 crore to IREDA, to give further boost to green energy sector

#AatmanirbharBharatKaBudget

#Budget2021

Insurance Act 1938 to be amended, to increase permissible FDI limit in insurance companies from 49% to 74% and allow foreign ownership and control with safeguards

#AatmanirbharBharatKaBudget

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Asset Reconstruction Company Ltd. to be set up to consolidate and take over existing stressed debts and manage and dispose of assets for eventual value realization

#AatmanirbharBharatKaBudget

#Budget2021

Deposit Insurance Cover for bank customers to be increased from ₹ 1 lakh to ₹ 5 lakh, provision to be streamlined to enable depositors get access to funds within insurance cover limit

#AatmanirbharBharatKaBudget

#Budget2021

Minimum loan size eligible for debt recovery under SARFAESI Act 2002, to be reduced from ₹ 50 lakh to ₹ 20 lakh, for NBFCs with minimum asset size of ₹ 100 crore

#AatmanirbharBharatKaBudget

#Budget2021

Definition of small companies under Companies Act 2013 to be revised

Companies with paid-up capital up to ₹ 2 crore & turnover up to ₹ 20 crore will fall under small companies, benefiting more than 2 lakh companies in compliance req.

#AatmanirbharBharatKaBudget

#Budget2021

To incentivize incorporation of one-person companies, such companies will be allowed to grow without any restriction on paid-up capital or turnover and to convert into any other type of company at any time

Big boost for Startups

#AatmanirbharBharatKaBudget

#Budget2021

NCLT framework will be strengthened, e-court system to be implemented, alternate debt resolution mechanism and special framework for MSMEs to be introduced, Data Analytics and AI driven MCA 21 version 3.0 to be introduced

#AatmanirbharBharatKaBudget

#Budget2021

Two public sector banks apart from IDBI and one general insurance company to be taken up for strategic disinvestment in 2021-'22

IPO of LIC also to be brought in

#AatmanirbharBharatKaBudget

#Budget2021

Policy on Strategic Disinvestment of Public Sector Enterprises has been approved, as announced earlier in Aatma Nirbhar Bharat Package

#AatmanirbharBharatKaBudget

#Budget2021

₹ 1.75 lakh crore is estimated to be the receipts in 2021-'22, by way of strategic disinvestment

#AatmanirbharBharatKaBudget

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Treasury Single Account system will be extended from autonomous bodies for universal application from 2021-22, enabling other bodies too to withdraw funds from govt. account during actual expenditure, without incurring interest costs

#AatmanirbharBharatKaBudget

#Budget2021

To further streamline Ease of Doing Business for cooperatives, a separate administrative structure for them to be set up

#AatmanirbharBharatKaBudget

#Budget2021

In case of wheat

Amount paid to farmers in 2013-14 - ₹ 33,874 crore
Amount paid in 2019-20 - ₹ 62,802 crore
Amount paid in 2020-21 - ₹ 75,060 crore

No. of farmers benefitted

in 2020-21 - 43.36 lakhs
in 2019-20 - 35.57 lakhs

#AatmanirbharBharatKaBudget

#Budget2021

SVAMITVA (Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas) scheme to be extended during 2021-22 to cover all states and union territories

#AatmanirbharBharatKaBudget

#Budget2021

Agricultural credit target enhanced to ₹ 16.5 lakh crore, focus will be on ensuring increased credit flow to animal husbandry, dairy and fisheries sectors

#AatmanirbharBharatKaBudget

#Budget2021

Allocation for Rural Infrastructure Development Fund to be enhanced from ₹ 30,000 crore to ₹ 40,000 crore

₹ 5,000 crore Micro Irrigation Fund to be augmented by another ₹ 5,000 crore

#AatmanirbharBharatKaBudget

#Budget2021

Scope of Operation Greens Scheme to be extended from tomatoes, onions and potatoes to 22 perishable crops

#AatmanirbharBharatKaBudget

#Budget2021

1,000 more mandis to be integrated with National Agriculture Market or eNAM

#AatmanirbharBharatKaBudget

#Budget2021

Agricultural Infrastructure Fund to be made available to APMCs for augmenting their infrastructure facilities

#AatmanirbharBharatKaBudget

#Budget2021

Portal that will collect relevant information on gig workers, building and construction workers and others to be launched, to help formulate health, housing, skill, food, credit and insurance schemes for all migrant workers

#AatmanirbharBharatKaBudget

#Budget2021

To further facilitate flow of credit under #StandUpIndia to SCs and STs and women, margin money requirement to be reduced from 25% to 15%

#AatmanirbharBharatKaBudget

#Budget2021

More than 15,000 schools to be qualitatively strengthened, with all components of #NationalEducationPolicy, to emerge as exemplar schools in their regions, handholding and mentoring other schools

100 new Sainik schools to be set up

#AatmanirbharBharatKaBudget

#Budget2021

Higher Education Commission to be set up, legislation to be introduced this year for the same

Umbrella structure to be created in 9 cities for better synergy among govt. supported institutions

#AatmanirbharBharatKaBudget

#Budget2021

Central University to be set up in Leh, for providing accessible higher education in Ladakh

#AatmanirbharBharatKaBudget

#Budget2021

Unit cost for setting up 750 Eklavya Model Residential Schools in tribal areas, increased from ₹ 20 crore per school to ₹ 38 crore, and to ₹ 48 crore per school in hilly and difficult areas

#AatmanirbharBharatKaBudget

#Budget2021

₹ 35,219 crore allocated for 6 years till 2025-26, to provide post matric scholarship to 4 crore Scheduled Caste students

#AatmanirbharBharatKaBudget

#Budget2021

National Apprenticeship Promotion and Training Scheme to be realigned, for providing post-education apprenticeship and training for graduates and diploma holders in engineering, over ₹ 3,000 crore to be provided for this

#AatmanirbharBharatKaBudget

#Budget2021

National Research Foundation outlay will be ₹ 50,000 crore over 5 years, will ensure strengthening of research ecosystem, with focus on identified national priority thrust areas

#AatmanirbharBharatKaBudget

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₹ 1,500 crore for a new scheme which will provide financial incentives to promote digital payments

#AatmanirbharBharatKaBudget

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National Language Translation Mission to be launched

#AatmanirbharBharatKaBudget

#Budget2021

NewSpace India Limited will execute PSLV-C51 launch

First unmanned launch of space flight 'Gaganyaan' slated for December 2021

#AatmanirbharBharatKaBudget

#Budget2021

Deep Ocean Mission with outlay of more than ₹ 4,000 crore over 5 years, to be launched, for deep ocean exploration and ocean biodiversity conversation

#AatmanirbharBharatKaBudget

#Budget2021

Functioning of Tribunals to be further rationalized for speedier delivery of justice

#AatmanirbharBharatKaBudget

#Budget2021

National Commission for Allied Healthcare Professionals Bill introduced, to ensure transparent and efficient regulation of 56 allied healthcare professions

#AatmanirbharBharatKaBudget