Highlights of Budget 2021-22

 💼 Highlights of Budget 2021-22

➡️ Theme :- Aatamnirbhar Bahrat and the Sankalp of Nation First

📌 FM Nirmala Sitaraman Announced 35000 cr for Covid-19 Vaccine for 2021-22

📌 FM announced 20,000 Cr for Government Banks.

📌 FM announced 74% FDI IN INSURANCE SECTOR

📌 FM announced 2.23 lakh Cr for Health scetor

📌 Swachhata mission :- 71000Cr

📌 Pm aatamnirbhar swastha bharat yojana :- 64,180 Cr

📌 8500km new roads construction

📌Rural infrastructure fund :- 40000 Cr

📌 For MSMEs :- 15000 Cr crore

📌CENTRAL University in Leh, ladakh

📌Micro irrigation fund :- 5000 Cr

📌Will launch International translation mission

📌For digital payment :- 1500 Cr

📌2 types of metro :- metro light and metro niyo

📌For jal jeevan mission :- 2.87 Lakh cr

📌 To stop air pollution :- 2217 Cr

📌 For cencus :- 3760 Cr

📌 Fiscal deficit :- 6.8% (2021-22)

📌 Fiscal Deficit :- 9.5% ( 2020-21)

📌 Total expenditure for FY21 :- 34.5 lakh Cr

📌 Urban Clean India Mission :- 1.41 lakh Cr

📌 Production Linked Incentive Scheme :- 1.97 lakh Cr ( over 5 yrs )

📌 7 Textile Park to be set up over 3 yrs.

📌 MITRA Scheme :- Mega Investment Textile Park Scheme.

📌 8500 km road projects by March 2022.

📌 11000 km of NH Corridor under Bharat Mala Project.

📌 100% Electrification of Broad Gauge Routes by 2023.

📌 For MoRTH :- 1.18 lakh Cr. ( Of this 1.08 lakh Cr for Capital ).

📌 Western Dedicated Freight Corridor & Eastern dedicated Freight Corridor to be commissioned by 2023.

📌 For Public Bus Transport :- 18k Cr.

📌 For Railway :- 1.10 lakh Cr ( of this 1.07 lakh Cr for Capital).

📌 Metro Projects :- 18,998 Cr.

📌 For Power Distribution :- 3.05 Lakh Cr.

📌 Ujjwala Scheme has benefited 8 Cr Households so far.

📌 For Defence : 4.78 Lakh Cr

📌 Agriculture Credit Target : 16.5 Lakh Cr

📌 Operation Green Scheme to be extended to 22 perishable crops

📌 Rural Infrastructure : 40,000 Cr

📌 1000 Mandis to be integrated with eNAM

📌 Post Metric scholarship for SC Students : 35,219 Crore over 6 years

📌 750 Eklavya Model School : 38 Cr per school

📌 Deep Ocean Mission : 4,000 Cr over 5 years

📌 For Education : 93,224 Cr

📌 For MoHUA : 54,581 Cr

📌 For MoHFW : 73,932 Cr

 Banking_Finance 

📌 Insurance Act 1938 to be Amended.

📌 FDI in Insurance : 74% (from  49% )

📌 Assest Reconstruction Company ( Bad Bank ) to be Set Up

📌 Minimum loan size eligible for debt recovery under SARFAESI Act 2002 is now 20 Lakh ( earlier 50 lakh ) , applicable for NBFC with minimum assest size  Rs 100 Croee

📌 Securities Market Code to be set up by consolidating

1. SEBI Act 1992

2. Depositories Act 1996

3. Securities Contracts Regulation 1956

4. Govt Securities Act 2007

📌 Disinvestment Target FY22 : 1.75 Lakh Cr Which includes 2 PSBs, 1 General Insurance Company, IDBI Bank

📌 Disinvestment for FY21 was 2.1 Lakh Cr

📌 Small Companies Definition under Companies Act 2013  : A company with paid up capital upto 2 Cr and Turnover upto 20 Cr will be called small company.

📌 Concept of OPCs ( One Person Companies ) to be introduced.

📌Global Innovation Index By WIPO: 48.  Topped by:- Switzerland