Delhi: Finance Minister Nirmala Sitharaman presented the budget for the year 2021-22 in Parliament on Monday (1 February). The finance minister focused most on health and infrastructure in the budget. After this, he made many announcements for banking, education, insurance, and farmers.

Union Budget 2021 India Updates

  1. 38 lakh crores will be allocated to the health sector for the year 2021-22. In such a situation, the health budget has increased by 135 percent over the previous year.
  2. 35 thousand crore rupees have been kept for the year 2021-22 for the Kovid vaccine. If needed, more will be allocated.
  3. A new scheme of the Center will be launched Prime Minister Self-Reliant Healthy India Scheme, about 64180 crores will be spent on this scheme in 6 years.
  4. 223846 crore will be spent on health and family welfare in the financial year 2021-22.
  5. Mission Nutrition 2.0 will be launched and attention will also be given to nutrition. 2.87 lakh crores will be spent in 5 years.
  6. 48 lakh crore will be spent on Urban Clean India Mission in 5 years and a water life mission will be started for urban areas.
  7. The pneumococcal vaccine will be introduced throughout the country so that the lives of 50 thousand children will be saved every year.
  8. Integrated Health Information Portal will be started to connect public health labs.
  9. 15 health emergency operation centers will be started across the country. Apart from this, 9 Bio-Safety Level 3 labs will start.

What did the infrastructure sector get in the budget?

  1. Finance Minister said that Development Financial Institute is needed for the infrastructure sector and a bill will be brought for this.
  2. 20 thousand crore rupees will be spent for the Financial Institute so that a landing portfolio of 5 lakh crore rupees can be made in 3 years.
  3. New Economic Corridors have been announced in Bengal, Tamil Nadu, and Kerala.
  4. National Highway Project (1.03 lakh crore) has been announced in Tamil Nadu, in which economic corridors will be built. Apart from this, a national highway worth 65 thousand crore rupees will be built in Kerala, the announcement of the Mumbai-Kanyakumari Economic Corridor.
  5. 7 textile parks will be built in the country so that India becomes an exporting country in the region. These parks will be built in three years.
  6. Announcement of the introduction of gas pipeline scheme in Jammu and Kashmir also.
  7. One crore more beneficiaries will be added under the Ujjwala scheme, so far 8 crore people have been given this help.
  8. Schemes worth more than Rs 3 lakh crore were launched in the electricity sector, which will help to strengthen the power-related infrastructure in the country.

Declarations of Finance Minister for Railways

  1. A record amount of Rs 1,10,055 crore allocated for Railways, of which Rs 1,07,100 crore is for capital expenditure only.
  2. Indian Railways has prepared a National Rail Scheme for India in 2030. The plan is to have a railway system ready for the future by 2030.
  3. Eastern and Western Dedicated Freight Corridor will be ready by June 2022. Somnagar-Gomo section will be made in PPP mode. To enable Make in India, the Finance Minister announced to bring down the cost of an industry at the core of the strategy.
  4. By December 2023, a 100 percent broad gauge will be electrified.
  5. Vista Dome coaches will be introduced to enhance the passenger experience. Apart from this, train protection systems will be started on the high-density network, high utilization network. All these systems will be made in the country itself.

Announcement for Education Sector

  1. – 100 new Sainik Schools will be built, the help of NGOs, State Governments and Private Sector will be taken in it.
  2. The Finance Minister announced the formation of the Higher Education Commission in the budget speech. The law will be amended for this.
  3. Finance Minister Sitharaman also announced the creation of Central University in Leh, Ladakh. 758 Eklavya schools will be built in tribal areas. 38 crores will be spent on a school
  4. Scholarships worth Rs 35 thousand crores were given for Scheduled Castes. Four crore students benefited from this.
  5. National Research Foundation will be created. 50 thousand crore rupees will be spent on this.
  6. Announcement of the new proposal for Good Governance-Tribunal Reform.
  7. National Commission for Allied Professional Act will be brought.
  8. The Finance Minister said to bring the National Nursing and Midwifery Bill.

Major announcements for the Metro project

  1. There will be work to increase the share of public transport through the expansion of metro rail network and increase of city bus service.
  2. 702 km metro is still running and work is going on in 1016 km of metro in 27 cities.
  3. Metro lights and Metro Neo will be started in Tier-2 cities at low cost. 11 kilometers will be built at a cost of Rs 1900 crores in Kochi Metro.
  4. 180 km long metro route will be built in Chennai at a cost of 63 thousand crores.
  5. A 58 km long metro line will be built in Bangalore for Rs 14788 crore.
  6. 5976 crore in Nagpur and 2092 crore rupees in Nashik.

Government announcements for farmers

  1. The Finance Minister said that the minimum support price has been increased to 1.5 times the cost of production and the government is committed to the welfare of farmers.
  2. In 2020-21, farmers are estimated to be paid Rs 75,060 crore for wheat, Rs 10,503 crore for pulses and Rs 1,72,752 crore for paddy.
  3. 22 more products will be included in the export of agricultural products.
  4. The number of benefited farmers producing wheat has increased from 35.57 lakhs in 2019-20 to 43.36 lakhs in 2020-21.
  5. Agricultural credit target of 16.5 lakh crore in 2021-22.
  6. 5 big fishing harbors will be built in cities like Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat. Multipurpose Sea-Vid Park will be built in Tamil Nadu.
  7. APMC will also have access to the Agriculture Infrastructure Fund.