This is the ninth Budget under the Modi government and the third Budget of FM Sitharaman.
Union Finance Minister Nirmala Sitharaman presented Union Budget 2021-22 in Lok Sabha on Monday (January 1). This budget was special in many ways as it was being presented amidst challenges like coronavirus pandemic. In such a situation, the eyes of common people and special people werre set on the announcements. FM Sitharaman announced a package of Rs 27.1 lakh to deal with the COVID-19 pandemic under the Atmanirbhar Package.
This is the ninth Budget under the Modi government and the third Budget of FM Sitharaman. The Budget is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer, and easing rules to attract foreign investments.
Here are the list of important schemes introduced by the Central government:
1. PM Atmanirbhar Swasth Bharat Yojana
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PM Aatma Nirbhar Swasth Bharat Yojana, will be launched with an outlay of about Rs 64,180 crore over 6 years. This will develop capacities of primary, secondary, and tertiary care Health Systems, strengthen existing national institutions, and create new institutions, to cater to detection and cure of new and emerging diseases. This will be in addition to the National Health Mission.
2. Jal Jeevan Mission
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Rs. 2,87,000 crore over 5 years for Jal Jeevan Mission (Urban) - to be launched with an aim to provide:
3. Ujwala scheme
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Extension of Ujwala scheme to more than 1 crore beneficiaries
4. Textile Parks scheme
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Mega Investment Textiles Parks (MITRA) scheme, in addition to PLI:
7 Textile Parks to be established over 3 years
Textile industry to become globally competitive, attract large investments and boost employment generation & exports
5. Increasing FDI in Insurance sector
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To increase the permissible FDI limit from 49% to 74% and allow foreign ownership and control with safeguards
6. Production Linked Incentive scheme
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Production Linked Incentive scheme objectives:
7. One Nation One Ration card scheme
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