2022 Budget Capsules-II

Spread the love

MSMEs such as Udyam, e-shram, NCS & Aseem portals will be interlinked, their scope will be widened… They will now perform as portals with live organic databases providing G-C, B-C & B-B services such as credit facilitation, enhancing entrepreneurial opportunities
PM Gati Shakti will pull forward the economy and will lead to more jobs and opportunities for the youth
National tele mental health program to be launched, steered by NIMHANS, National Tele Mental Health Centres of Excellence to be launched
Will promote startups for drone manufacturing
Data exchange among all-mode operators to be brought on Unified Logistics Interface Platform, designed for API will enable, Efficient movement of goods, Reduce logistics costs and time, Assist Just In Time inventory management and Eliminate tedious documentation
PM E-Vidya to be Expanded to 200 TV channels in Regional Languages with focus on High quality e-content
2 Lakh Anganwadis to be Upgraded
8.7Cr Households have access to Har Ghar Jal,with
5.5Cr getting Drinking Tap Water
Rs 50000Cr to cover 3.8Cr Households in 2022-23,under Har Ghar Jal
80 Lakh Beneficiaries identified under PM Awas Yojana, for 40000Cr
Implementation of Ken-Betwa rivers linking with estimated cost of Rs 44,605 cr to be taken up
Propose to setup 75 digital banking units in 75 districts by scheduled commercial banks
PM Gati Shakti is driven by 7 engines: roads, railways, airports, ports, mass transport, waterways & logistics infra.
Kisan Drones for crop assessment, land records, spraying of insecticides expected to drive a wave of technology in agri sector
Rs 6,000 crore programme to rate MSMEs to be rolled out over 5 years
400 new generation Vande Bharat trains with better efficiency to be brought in during the next 3 years; 100 PM Gati Shakti Cargo terminals to be developed during next 3 years and implementation of innovative ways for building metro systems
1.5 lakh post offices to be connected to core banking
A network of 23 tele mental health centres of excellence with Nimhans being the nodal centre and IIIT Bangalore providing technology support
Push for EVs by Battery swapping policy will be brought out and inter-operability standards will be formulated
To promote a shift to the use of public transport in urban areas…special mobility zones with zero fossil fuel policy to be introduced…Considering space constraints in urban areas, a ‘Battery Swapping Policy’ will be brought in
Accelerated Corporate Exit for voluntary winding of company from current 2yr to less than 6months
Digital university to be set up to provide education; to be built on hub and spoke model
High level committee of urban planners, economists & others will be setup to facilitate reforms. Necessary amendments in IBC to be made for more efficient resolution; to also enable cross border insolvency resolution
Fund to be facilitated through NABARD to finance startups for agriculture and rural enterprise, relevant for farm produce value chain. Startups will support FPOs and provide tech to farmers
2,000 km of rail network to be brought under the indigenous world-class technology KAWACH, for safety and capacity augmentation
Spectrum auctions will be conducted in 2022 to roll out 5G services. Scheme for design led manufacturing in 5G to be launched as part of PLI scheme
Special economic zone policy to be replaced with a new legislation
Battery Swapping Policy will be brought out & inter operational service will be formulated. Private sector will be encouraged to create sustainable and innovative business models for battery and energy as a service, improving the efficiency in the EV ecosystem
‘One Nation, One Registration’ will be established for anywhere registration to facilitate ease of living & doing business:
Implementation of Ken Betwa Linking project at est. cost of Rs. 44,605 Cr. to be taken irrigation benefits to 9.0 lakh hectare farm land
68% of the capital procurement budget for Defence to be earmarked for domestic industry to promote Aatmanirbharta and reduce dependence on imports of defence equipment. This is up from the 58% last fiscal
To reduce the delay in payment, an online bill system to be launched which will be used by all Central ministries
Animation, Visual Effects, Gaming and Comics (AVGC) sector offers immense potential to employ youth. An AVGC promotion task force with all stakeholders will be set up to recommend ways to realise this and build domestic capacity for serving our markets and the global demand
Fund to be facilitated through NABARD to finance startups for agriculture and rural enterprise, relevant for farm produce value chain. Startups will support FPOs and provide tech to farmers
SEZ Acts will be replaced with a New Act. SEZ (Special Economic Zones) Act will be replaced with new legislation…for the development of enterprise and hubs… It will cover the existing industrial enclaves and enhance the competitiveness of exports
To achieve 280 GW of solar power by 2030, Additional allocation of Rs 19,500 towards solar PLI for mfg of high efficiency modules
Amendments for the Bankruptcy Code – IBC amendments to enhance efficiency of resolution process – Facilitate cross-border insolvency resolution – To speed up voluntary winding up of companies
A high-level panel to be set up for urban planning
Modern building by-laws will be introduced
Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) to be revamped with required fund infusion Will facilitate additional credit of Rs. 2 lakh crore for Micro and Small Enterprises and expand job opportunities
Effective Capital Expenditure of the Central Govt is estimated at Rs 10.68 lakh crores in 2022-23, about 4.1% of GDP: Public expenditure needed to pump prime demand and crowd in private investment
A new scheme PM development initiative for North East will be initiated to fund social development projects
5 existing academic institutions for urban planning to be designated as Centre for Excellence with endowment fund of Rs 250 cr
Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) to be revamped with required fund infusion Will facilitate additional credit of Rs. 2 lakh crore for Micro and Small Enterprises and expand job opportunities
Sovereign green bonds will be used to finance green projects
To setup an expert committee to examine holistic regulatory framework for VCs, PEs and look at areas of friction
Capital Expenditure to increase 35.4% from ₹5.54 lakh crore to 7.50 lakh crore
Total expenditure is estimated at Rs39.45 lakh cr Receipts are estimated at Rs22.84 lakh cr. FY’23 fiscal deficit target at 6.4% of GDP vs 6.9% (RE)
Rs 1 lakh crore financial assistance to states to be provided in 2022-23 to catalyse investments