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PM Aatm Nirbhar Swasth Bharat Yojana has also been announced. For which an allocation of 64,180
crores has been made.
35 thousand crore rupees have been proposed for the Covid-19 vaccine. The launch of Mission
Nutrition 2.0 has also been announced.
The Finance Minister said that the fiscal deficit is expected to be 6.8% of GDP in the next
financial year starting from 1st April. However, during the Covid-19 epidemic, the fiscal deficit
could reach 9.5% in the current financial year due to an increase in expenditure and a decrease in
revenue. It is proposed to bring the fiscal deficit below 4.5% of GDP by 2025-26. The establishment
of TFI has been announced with 20 thousand crores. And PLI scheme has been announced for 13
sectors under Aatm Nirbhar Bharat.
Special emphasis has also been laid on the development of infrastructure in the budget. An additional
Rs 1,18,101 crore has been allocated for the Ministry of Roads and Transport.
The railway has been allocated 10055 Crore. 11000 crore rupees have also been allocated for metro
rail.
Inclusive Development for Aspiring India
Under this, the target of agricultural credit has been increased to Rs 16.5 lakh crore in the financial
year 2022.
1000 more Mandis will be brought under e-NAM. The minimum wage system will be applicable for
all categories of laborers. And a provision of Rs 15,700 crore has been made for MSP.
It is also proposed to set up a central university in Leh to arrange for higher education in Ladakh.
A target has also been set to establish 750 Eklavya Model Residential Schools in the tribal areas.
Financial incentives of ₹ 1500 Crore have also been announced to promote digital transactions.
The Finance Minister said that a “National Language Translation Mission” will start so that
knowledge related to governance and policy will be made available in the major languages of India
on the Internet.
This time the expenditure on health has been increased by 137%. And Rs 35,000 crore has been
allocated for Covid-19 vaccination.
To improve health-related systems, the central government will launch the PM Aatm Nirbhar
Swasth Bharat Yojana.
What Is PM Aatm Nirbhar Swasth Bharat Yojana?
Through this, the capabilities of primary, secondary, and tertiary care health systems will be
developed. Along with strengthening the existing national institutions, a new institution will be
formed to identify and treat new diseases.
This scheme will be in addition to the National Health Mission. 17,788 rural and 11,024 urban
health and wellness centers will be supported under this scheme.
Critical care hospital blocks will be built in 602 districts and 12 central locations. Integrated
Health Information Portal will be expanded to all states.
To make urban India more neat and clean, it has announced to spend Rs. 1,41,678 crores in a period
of 5 years between 2021 to 2026 under Urban Swachh Bharat Mission 2.0.
The government has announced a PLI plan for 13 sectors to make manufacturing global champions
for self-reliant India. For this, the government will make a provision of 1.97 lakh crore rupees in the
next 5 years.
In order to boost textile production, 7 textile industries will be set up in the next 3 years. The
National Infrastructure Pipeline (NIP) has been expanded to include 7400 projects.
₹ 65 thousand crores worth of national highways will be built in Kerala. A 675 km national
highway will be built between Kolkata and Siliguri in West Bengal.
In Assam, highway and economic corridor will be built in the next 3 years at a cost of Rs 34,000
crore. A provision of ₹ 1,18,101 crore has been made for the Ministry of Road Transport and
Highways in the budget.
Conclusion
Prime Minister Narendra Modi has said that the budget of 2021-22 has been presented during
extraordinary circumstances. There is also a feeling of reality in it and there is confidence in
development.
The Prime Minister said that this budget has been emphasized to increase “ease of living” in the
lives of common people by simplifying rules and procedures. Under this, 64,180 crore rupees will
be spent in the next 6 years.
QUESTIONS:
Q1. What is the theme of Union Budget 2021?
Ans: Finance Minister Nirmala Sitaraman presented the union budget of India 2021-22.