Thread by @mystockedge

Key Highlights of Budget 2022

A THREAD(🧵)
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E-passports, the issuance of E passports using embedded ship and futuristic technology will be rolled out in 2022-23 to enhance the convenience for the citizens in their overseas travel.
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States will be encouraged to revise syllabi of agricultural universities to meet needs of natural, zero-budget & organic farming, modern-day agriculture.
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One class, one TV channel' program of PM eVIDYA will be expanded from 12 to 200 TV channels. This will enable all states to provide supplementary education in regional languages for classes 1 to 12.

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100% of 1.5 lakh post offices will come on the core banking system, enabling financial inclusion and access to accounts through net banking, mobile banking, ATMs, and also provide online transfer of funds.

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Data exchange among all-mode operators to be brought on Unified Logistics Interface Platform. This will
enable efficient movement of goods, reduce logistics costs and time, assist Just-In-Time inventory management and eliminate tedious documentation.
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MSMEs such as Udyam, e-shram, NCS & Aseem portals will be inter-linked, scope will be widened. They will now perform as portals with live organic databases providing G-C, B-C & B-B services, enhancing entrepreneurial opportunities.

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A fund with blended capital raised under co-investment model facilitated through NABARD to finance startups in agriculture & rural enterprises for farm produce value chain.
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Digital ecosystem for skilling and livelihood will be launched. This aims to skill, reskill and upskill citizens through online training. API based skill credentials, payment layers to find relevant jobs and opportunities.
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Rs 2.37 lakh crore worth of MSP direct payments to wheat and paddy farmers. Rationalised and comprehensive scheme to be implanted to reduce reliance on oil seed imports.
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Seven engines of PM Gati Shakti - Roads, Railways, Airports, Ports, Mass transport, Waterways and Logistics infra
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For India's farmers - Chemical-free natural farming to be promoted in India. Use of Kisan drones will be promoted for crop assessment and digitization of land records. Rs 2.37 lakh crore worth of MSP direct payments to wheat and paddy farmers.
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ECLGS to be extended upto March 2023, guaranteed cover extended by another Rs 50,000 crore. Total cover under scheme now Rs 5 lakh crore. Additional amount has been earmarked for hospitality sector.
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Boost for Railways under the Gati Shakti plan. 400 new-generation Vande Bharat trains will be developed, manufactured in next 3 years. One station, one product concept will be popularised to help local businesses. India plans 100 cargo terminals in 3 years.
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PM Gati Shakti will pull forward the economy and will lead to more jobs and opportunities for the youth. Masterplan will encompass the seven engines of economic transformation.
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The National Highway network will be expanded by 25,000 kms in 2022-23. Four multi-modal national parks contracts will be awarded in FY23.
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Expectations from the government's PLI plan - PLI schemes in 14 sectors with potential to create 60 lakh new jobs, and additional new production of Rs 30 lakh crore.
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An open platform for the National Digital Health Ecosystem will be rolled out. It will consist of digital registries of health providers and health facilities, unique health identity and universal access to health facilities.
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A high-level committee for urban planners and economists to be formed for recommendations on urban capacity building, planning implementation, and governance.
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Rs 48, 000 crore is allotted for PM Awas Yojana. In 2022-23, 80 lakh houses will be completed for identified beneficiaries of PM Awas Yojana; 60,000 houses will be identified as beneficiaries for PM Awas Yojana in rural & urban areas.
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60,000 crore allocated for providing access to tap water to 3.8 crore households. In 2022-23, 80 lakh households will be identified for the affordable housing scheme.
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Push for Electric Vehicles - A battery-swapping policy to be brought out with interoperability standards to boost EV ecosystem.
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Amendments for the Bankruptcy Code - IBC amendments to enhance efficiency of resolution process, facilitate cross-border insolvency resolution and to speed up voluntary winding up of companies.
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Scheme for design led manufacturing to be launched for 5G ecosystem as part of PLI scheme to enable affordable broadband and mobile communication in rural and remote areas.
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Defense R&D will be opened up for industry, startups and academia with 25% of defense R&D budget. Private industry will be encouraged to take up the design and development of military platforms in collaboration with DRDO and others through SPV model.
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Contracts for laying optical fibre in villages to be awarded under BharatNet project under PPP in 2022-23.
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National Ropeways Development Programme to be taken up in PPP mode with the aim to improve connectivity, besides promoting Tourism.
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