Key Points:
- February 1, 2021, Monday was the day when the Union Minister Nirmala Sitharaman introduced the much-awaited Budget 2021-22.
- The budget expenditure for 2021-22 announced by the minister amounts to ₹2 lakh 23 thousand crore.
- Aatmanirbhar package amounting to ₹27.1 lakh crore has been introduced to deal with the coronavirus pandemic impact.
- Incentive package from the Centre to states will also be proposed by the government for disinvestment in public sector enterprises. The minister has estimated ₹1.75 crore from disinvestment in 2021-22.
February 1, 2021, Monday was the day when the Union Minister Nirmala Sitharaman introduced the much-awaited Budget 2021-22. Thanking everyone for enduring the impacts of the coronavirus pandemic and economic crisis, the minister began with her speech quoting Rabindranath Tagore.
The budget expenditure for 2021-22 announced by the minister amounts to ₹2 lakh 23 thousand crore.
The Finance Minister launched a set of Schemes explaining a gist about how they will work:
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Post-budget press conference by Finance Minister @nsitharaman at National Media Centre, #NewDelhi#Budget2021 💼 #AatmanirbharBharatKaBudget
Watch on #PIB's
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Facebook: https://t.co/ykJcYlvi5bhttps://t.co/RxqeXbTBwU— PIB India (@PIB_India) February 1, 2021
1] Aatmanirbhar package amounting to ₹27.1 lakh crore has been introduced to deal with the coronavirus pandemic impact.
2] The PM Garib Kalyan Yojana and three Aatmanirbhar Bharat packages are like 5 mini budgets in themselves, the minister added.
3] The minister announced the centrally-sponsored PM Aatmanirbhar Swastha Bharat Yojana with an outlay of around ₹64,180 crore spread over six years.
4] The minister announced an increase in the capital expenditure in the health sector with 137 per cent.
5] To cover one crore more beneficiaries, the Ujwala scheme will be extended.
6] City gas distribution network will be extended to 100 more cities. A gas pipeline project was also announced by the minister for Jammu and Kashmir.
7] The Jal Jeevan Mission-Urban was also announced with an outlay of ₹2.87 crore.
LIVE: #Budget2021 comes at a time when all of us desire to give greater impetus to the economy, we thought this impetus would be qualitatively spent well and give the needed demand push if we spend big on infrastructure: Finance Minister @nsitharaman #AatmanirbharBharatKaBudget pic.twitter.com/LRCEC4DGOv
— PIB India (@PIB_India) February 1, 2021
8] The Textile parks scheme was introduced with the aim to create seven such parks over the next three years.
8] The minister has also increased the Foreign Direct Investment (FDI) in the insurance sector from 49 per cent to 74 per cent.
9] Disinvestment in IDBI Bank, Air India etc would be completed in 2021-22, said the minister.
10] Incentive package from the Centre to states will also be proposed by the government for disinvestment in public sector enterprises. The minister has estimated ₹1.75 crore from disinvestment in 2021-22.
11] Inclusive Development focuses on financial inclusion, migrant workers, labourers, development of agriculture and rural sector.
12] For MSME, the finance minister has increased the capital expenditure to ₹15.17 thousand crores, which is double that of the last year.
13] The minister said a central university will also be established in Leh for accessible higher education at Ladakh under the The National Education Policy (NEP).
14] The finance minister announced ₹4,000 crore outlay for deep ocean survey spread across five years for the conservation of deep ocean biodiversity.
