Budget 2021- Summary of Budget

ALLOCATED FOR HEALTH AND WELFARE Rs. 2,23,846 CRORE 'PM Aatmanirbhar Swastha Bharat Yojana ' will be launched with an outlay of 64,180 crore over 6 years. 1 Pneumococcal vaccine, a made in India product, will be rolled out across India 2 3 Government to launch Mission Poshan 2.0. Jal Jeevan Mission Urban will be launched 4 35,000 crore announced for Covid-19 vaccine

INFRASTRUCTURE 1. 10 lakh crore railway outlay, of which 1.07 Iakh crore is for capital investment 2. 18,000 crores to facilitate the extension of public bus transportation services. 4. To be completed by December 2023, 100 percent electrification of rail broad gauge routes. 3. The transmission assets to be moved to PGCIL are 7,000 crore. 5. The Ministry of Road Transport and Highways assigned 1.18 lakh crore.

Cotton What gets CHEAPER and what gets COSTLIER? Gold Silver Nylon clothes Steel Electronic item Petrol and Diesel Solar equipment Components of mobile phones and chargers.

MSMES & STARTUPS: Incentivize the participation of OPCs (One Person Companies) to boost start-ups. The start-up tax holidays have been extended by one year, until 31 March 2022. By raising the capital base to 2 crore from 50 lakh, the concept of small firms will be updated. 1. 2. 3. 4. For the MSME field, 15,700 crore was given, more than double what it was.

EDUCATION To set up a hundred new Sainik schools 750 Eklavya schools in tribal regions. National Language Translation mission for translating policy-related knowledge. A central university for affordable higher education in Leh. 1. 2. 3. 4.

AGRICULTURE In 2020-21, 43.36 lakh wheat farmers took advantage of over 75,000 crore :FM Goal of India Agri Credit Increased to 16.5 Lakh Crore. Operation green scheme to cover 22 more perishable resources. The infrastructure fund for agriculture is to be raised to 40,000 crore. 1. 2. 3. 4.

EXPENDITURE Government to set up a financial institution for the development of 20,000 crore to have a 5 lakh crore lending portfolio in 3 years. Announced capital expenditure of over 2 lakh crores to states and autonomous bodies. Capital spending has been estimated at 5.54 lakh crore. The Union Budget allocates 1,500 crore to the promotion of digital payment methods 1. 2. 2. 3. 4.

FINANCIAL REFORMS Exemption from filing tax for older persons over 75 with only income from pension & interest. To be spared from double taxation by NRIs Proposed exemption from tax in respect of recorded affordable housing for migrant workers Strategic sales of, among others, IDBI Bank, BPCL, Pawan Hans, Air India; the government also plans to introduce the LIC IPO. Proposed exemption from tax in respect of recorded affordable housing for migrant workers 1. 2. 3. 4. 5.

PRIVATISATION & DISINVESTMENT The government will sell a part of its holding in LIC through an Initial Public Offer. The government also plans to sell the balance of its holding in IDBI Bank . “

DEFENCE The Ministry of Defence has the highest allocation in 2020-21, at Rs 4,71,378 crore. It accounts for 15% of the total budgeted expenditure of the central government.

BAD BANKS The government will sell a part of its holding in LIC through an Initial Public Offer. The government also plans to sell the balance of its holding in IDBI Bank .

SCRAPPAGE POLICY A voluntary scrappage policy is to be launched, aimed at reducing vehicular pollution. There will be a fitness test after 20 years for personal vehicles, 15 years for commercial vehicles.

GREEN TAX Private vehicles older than 15 years could be taxed higher as would transport vehicles older than eight years.

ALLOCATIONS PER STATE 1,100 km of national highways in Kerala at an investment of ₹65,000 cr. A ₹25,000-crore worth highway works in West Bengal New phases of the Chennai Metro at a cost of ₹63,246 crore More than 1,300 km of national highways to be built in Assam A welfare fund of ₹1,000 crore is also to be set up for tea estate workers in Assam and West Bengal 1. 2. 3. 4. 5.