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GOVERNMENT OF INDIA

Key Features
of
Budget
2022-2023

February, 2022

MINISTRY OF FINANCE
BUDGET DIVISION
 Key features
GOALS OF AMRIT KAAL
Focus on growth and all inclusive welfare
1
Promoting technology enabled development, energy
2 transition and climate action

3 Virtuous cycle starting from private investment, crowded

in by public capital investment

Inclusive
PM GatiShakti
Development

FOUR
PRIORITIES
Productivity
Enhancement and
Investment, Sunrise Financing of
Opportunities, Energy Investments
Transition and
Climate Action

GDP GVA
40
1st Lockdown

2nd Wave

37
₹ Lakh Crore

34 Recovery of the economy

reflective of country’s
31
resilience
28

25
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2019-20 2020-21 2021-22
 Indian Economy staging a sustained recovery

100
COVID-19 Vaccine Coverage (in %)
90
93.0
80
% of adult
70 population with
First dose 69.8
60
% of adult
50 population with
Second dose
40
30
20
10
0
July

Sept

Nov
August
May

Dec, 21
Feb
Jan, 21

June
March

Octo

Jan-22
April

20.00
CPI-C and WPI Inflation (%)
15.00
CPI WPI Gap
WPI
CPI
10.00

5.00

0.00

-5.00

-10.00
Oct-18

Oct-19

Oct-20

Oct-21
Apr-18
Jul-18

Apr-19
Jul-19

Apr-20
Jul-20

Apr-21
Jul-21
Jan-18

Jan-19

Jan-20

Jan-21

Net addition in EPF

Subscribers (in lakhs)
 PM GatiShakti
• Driven by seven engines: Roads, Railways,
Airports, Ports, Mass Transport, Waterways,
and Logistics Infrastructure.
• National Master Plan aimed at world class
modern infrastructure and logistics synergy

Formulation of Master Plan for expressways.

Completing 25000 km national highways in
2022-23

• Unified Logistics Interface Platform allowing

data exchange among all mode operators
• Open Source Mobility Stack for seamless travel
of passengers
• 4 Multimodal Logistics parks through PPP to be
awarded in 2022-23

• Integration of Postal and Railways Network

facilitating parcel movement.
• One Station One Product
• Extending coverage under Kavach
• 400 new generation Vande Bharat Trains

• Multimodal connectivity between mass urban

transport and railway stations
• National Ropeways Development Plan as
sustainable alternative to conventional roads.
• Capacity building for infrastructure Projects
Agriculture and food processing
• Promoting chemical free • Delivery of Digital and
natural farming starting with Hi-Tech services to
farmers’ lands close to river farmers in PPP mode.
Ganga
• Use of Kisan Drones to
• Promoting post harvest aid farmers.
value addition, consumption
• Launching fund with
and branding of millet
products blended capital to finance
agriculture start ups

700 Enhanced procurement to Record Foodgrains Production (in

support higher distribution
600
during pandemic
million tons)
500
Lakh tons

300
400
280
300 260
200 240
220
100
200

2020-21 (4th AE)

2014-15

2015-16

2016-17

2017-18

2018-19

2019-20
0
Rice Wheat

2018-19 2019-20
2020-21 2021-22 (Upto 31.12.2021)

• Implementation of Ken Betwa Link Project benefitting 9.1

lakh hectare farm land, providing drinking water to 62 lakh
people and generating 130MW power.
• 5 more such projects under process of implementation.

Resilient Growth in Agri Sector (per cent)

6.8 6.6

4.3
3.6 3.9
2.6

2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

 Education
Universalisation of Quality Education
One class One TV channel programme to be expanded to 200 TV channels

Virtual labs and skilling e-labs to A Digital University will be

promote critical thinking skills and established with world class
stimulated learning environment quality universal education

High quality e-content will be delivered through Digital Teachers

Skill Development

Digital Ecosystem for Skilling and Startups will be promoted to facilitate

Livelihood (DESH-Stack e-portal) Drone Shakti for Drone-As-A-Service
will be launched to promote
online training

HEALTH
National Digital Health Ecosystem will be rolled out

National Tele Mental Health Programme will be

launched for quality counselling
Integrated architecture: Mission Shakti, Mission
Vatsalya, Saksham Anganwadi, and Poshan 2.0 to be
launched
Two lakh Anganwadis to be upgraded to Saksham
Anganwadis

Outlay in 2022-23 BE (in crore)

Saksham Anganwadi and POSHAN 2.0 20263
PM Poshan 10234
Mission Vatsalya 1472
Mission Shakti 3184
All inclusive welfare focus
Har Ghar, Nal Se Jal: 3.8 crore households to be covered in
1 2022-23

2 PM Awas Yojana: 80 lakh houses to be completed in 2022-23

PM-DevINE: To fund infrastructure and social development

3 based on felt needs of the North East

Aspirational Blocks Programme: For development of lagging

4 blocks of aspirational districts

Vibrant Villages Programme: Targeting development of

5 villages on the Northern Border left out from the development
gains
Digital Banking by Post Offices: 100% of post offices to come
6 on the core banking system

Digital Payments: Scheduled Commercial Banks to set up 75

7 Digital Banking Units in 75 districts

Extending
ECLGS with
Revamping
focus on
CGTMSE
hospitality and
related enterprises

Raising and
Accelerating
Interlinking MSME
various portals Performance
(RAMP)
MSME programme will
be rolled out
Productivity enhancement and
investment

Ease of Doing Business 2.0 Ease of Living

Trust based governance Issuance of chip embedded e-

Passports

Integration of central and state

level systems through IT bridges
Expanding scope of PARIVESH
Portal
Unique Land Parcel
Identification Number for IT
based management of land
records.
Establishing C-PACE to
facilitate voluntary winding up
of companies
Allocation under PLI Schemes, 2022-
End to end online e-Bill System
and utilising surety bonds in
government procurement.
Modernisation of building
byelaws, implementing Town
Planning Schemes and Transit
Oriented Development
Establishing Centres of
Excellence in urban planning
Providing a battery swapping
policy as an alternative to
setting up charging stations in
urban areas
23 BE (in crore)
5300

AVCG promotion task force

1629
Support to 5G under PLI scheme
528

Opening up defence R&D for Telecom and Large Scale Pharmaceuticals

industry, startups and academia Networking Electronics and IT
Products Hardware
 Financing of investment
Public Prioritising Capital Expenditure
investment to Capital Expenditure/Total Expenditure (%)
continue to Revenue Expenditure/ Total Expenditure (%) (RHS)
pump prime 22.0 89.0
private
19.0
investment and 86.0
16.0
demand in 83.0
13.0
2022-23
10.0 80.0

2021-22 RE

2022-23 BE
2014-15

2015-16

2016-17

2017-18

2018-19

2019-20

(Actuals)
2020-21
Introduction
of Digital
Rupee by
RBI starting
2022-23 Infrastructure status for Measures to aid
Data Centres and investment by Venture
Energy Storage Capital and Private
Systems Equity Investment

Green Bonds to
Blended Finance for
mobilise resources for
sunrise sectors
green infrastructure
Mobilising
Resources

Providing greater fiscal space to

States
• Enhanced outlay to Scheme for
Financial Assistance to States for
Capital Investment

• For 2022-23 States will be allowed

a fiscal deficit of 4% of GSDP of
which 0.5% will be tied to power
sector reforms
 Tax proposals
Allowing taxpayers to file Updated Return within 2 years for correcting errors

•
Tax relief to persons with
disability Increasing tax deduction limit on
• Reducing Alternate Minimum Tax employer’s contribution to NPS
Rate and Surcharge for account of state government
Cooperatives. employees

Extending period of incorporation Buoyant GST collections during 2021-22

of eligible startups for providing (Rs lakh crore)
Nationwide Second
tax incentives 1.6
lockdown COVID wave
1.4

• Income from transfer of 1.2

Rs lakh crore

1
virtual assets to be taxed at 0.8
30% 0.6
• Better litigation management 0.4

to avoid repetitive appeals 0.2

Aug…

Aug…
0
Oct-20

Oct-21
Jun-20

Jun-21
Feb-20

Apr-20

Feb-21

Apr-21
Dec-19

Dec-20

Dec-21
Any
Surcharge or
Cess on • Customs administration to be fully IT driven in SEZs
Income and • Phasing out concessional rates in capital goods and
Profits not project imports gradually and apply a moderate tariff of
allowable as 7.5%
business • Review of customs exemptions and tariff simplification
expenditure • Customs duty rates are being calibrated to provide a
graded rate structure to facilitate domestic electronics
manufacturing
• Rationalisation of exemptions on implements and tools
for agri sector manufactured in India
• Extension of customs duty exemption to steel scrap
• Reduction of duty on certain inputs required for shrimp
aquaculture
• Unblended fuel shall attract additional differential
excise duty
 Rupee Comes from
Non Debt Capital Receipts
2%
Income Tax
15%

Borrowings and other

Liabilities
35%
Union Excise Duties
7%

Corporation Tax
Non Tax Revenue 15%
5%

Customs
5% GST
16%

Rupee Goes to
Pensions Other Expenditure
Centrally Sponsored 4% 9%
Schemes
9%

Subsidies Central Sector Schemes

8% 15%

Defence
8%
Finance Commission and
Other Transfers
10%

Interest Payments States' Share of Taxes and

20% Duties
17%
 BUDGET AT A GLANCE
Revenue Receipts (Rs Crore) Capital Receipts (Rs Crore)
2020-21
2022-23 (Actuals),
(BE), 1875916
2021-22
(RE), 2204422
2078936
2021-22
(BE),
2020-21 1788424
(Actuals),
1633920
2022-23
(BE),
1740487
2021-22 2021-22
(BE), (RE),
1694812 1691064

Revenue Expenditure (Rs Crore) Effective Capital Expenditure (Rs

Crore)
2022-23
(BE), 2022-23
2021-22 3194663
(RE), (BE),
3167289 1067889

2020-21 2021-22
(Actuals), (RE),
3083519 2021-22 840396
(BE),
773348
2020-21
(Actuals),
657182

2021-22
(BE),
2929000
 Allocation to major schemes
National Health Mission Jal Jeevan Mission (in crore)
(in crore)
37800
2022-23 BE 60000

34947
2021-22 RE 45011

2021-22 RE 2022-23 BE
Pradhan
Mantri Gram
National Education Sadak Yojana PM Kisan (in crore)
Mission (in crore) (in crore)
2022-23
BE, 190
39553 00
2021-22
RE,
30796 140
00

67500 68000

2021-22 RE 2022-23 BE 2021-22 RE 2022-23 BE

Aatmanirbhar Bharat Rojgar Pardhan Mantri Swasthya

Yojana (in crore) Suraksha Yojana (in crore)
10000

6400
7400

5000

2021-22 RE 2022-23 BE 2021-22 RE 2022-23 BE

 Ministry wise allocations

Ministry of Communications 105406.82

Ministry of Chemicals and Fertilisers 107715.38

Ministry of Agriculture and Farmers'

132513.62
Welfare

Ministry of Rural Development 138203.63

Ministry of Railways 140367.13

Ministry of Home Affairs 185776.55

Ministry of Road Transport and

199107.71
Highways

Ministry of Consumer Affairs, Food

217684.46
and Public Distribution

Ministry of Defence 525166.15

0 100000 200000 300000 400000 500000 600000

Rs. Crore
 ºÉiªÉàÉä´É VɪÉiÉä

GOVERNMENT OF INDIA

Key Features
of
Budget
2022-2023

February, 2022

MINISTRY OF FINANCE
BUDGET DIVISION