union budget 2021 budget 2020-2021 presented by : - fm
TRANSCRIPT
9%
MIGRANT WORKERS
One Nation One Card
Free food grain Supply to migrants
SOCIAL SECTOR
National Digital
Health Blueprint
Additional Allocation
for MGNREGS
Technology driven
education: PM
eVidya, National
Foundational Literacy
and Numeracy Mission
MSMEs AND INDUSTRY
Collateral free loans for businesses
Fund of funds will be set up for
MSMEs
PM Garib Kalyan Yojana
Subordinate debt for MSMEs
Disallowing global tenders of up to
Rs 200 crore
Change in definition of MSMEs
ENERGY
Liquidity support for
Discoms
Elimination of Regulatory
Assets
Commercial coal mining
Reduction in cross-
Subsidy
GOVERNMENT REFORMS
Increase in borrowing limits of state
Governments
Privatization of Public Sector
Enterprise
Atma Nirbhar Bharat Abhiyan
Stimulus provided under ANB out of total stimulus
Stimulus by Govt and RBI combined 15%
BUDGET 2020-2021
UNION BUDGET 2021 PRESENTED BY :- FM NIRMALA SITARAMAN
AGRICULTURE AND ALLIED SECTORS
Concessional Credit Boost to farmers
Agri Infrastructure Fund
Emergency working capital for farmers
Animal Husbandry infrastructure development
Amendments to the Essential Commodities Act
Agriculture marketing reforms
Preventive
Approach
Curative Wellbeing
Supplementary Nutrition
Programme and Poshan
Abhiyan to be merged and
launched as Mission
Poshan 2.0
PM
AtmaNirbhar
Swasth
Bharat Yojana
Strengthening NCDC
Expanding integrated health
information portal
Setting up of Integrated Public
Health Labs
Establishing critical care
hospital blocks
Outlay ₹64180 crore over 6 years
Support for Health and Wellness
centres
Holistic Approach to Health
94452
Introduction of National Commission for Allied Healthcare Professionals Bill
GDP Growth
Health Outlay (₹ crore)
2021-22 BE 223846
2020-21 BE
V Shaped Recovery
IIP
• Pneumococcal vaccine to be
rolled across the country
• ₹35000 crore for Covid-19
Vaccine in 2021-22
PLI launched to create manufacturing global champions across 13 sectors
with amount committed nearly ₹1.97 lakh crore in next 5 years starting
FY2021-22
MITRA Scheme to create world class infrastructure for global champions in
textile sector leading to creation of 7 textile parks over 3 years.
Industry
NIP projects by sector
Energy Road Urban Railways Others
120
100
Sector wise share in GVA
80
60
40
20
0
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
3rd RE 2nd RE 1st RE 1st AE
Agriculture, forestry & fishing Industry Services
Infrastructure
Road Construction Per Day in km
29% 24%
12% 18%
17%
National Rail Plan
• Aims at developing adequate
rail infrastructure by 2030 to
cater to the projected traffic
requirements up to 2050.
• The objective is to increase the
modal share of rail in freight
from the current level of 27 per
cent to 45 per cent.
NIP Project pipeline expanded to
7400 projects
Installed Plant
Capacity (GW)
400
350
300
250
200
150
100
50
0
2013-14 2019-20 Ports, Shipping,
Waterways
PPP mode to be utilised for managing
operational services of major ports
Subsidy support to promote flagging of
merchant ships
Recycling of Ships Act, 2019 enacted and
recycling capacity to be doubled by 2024
Bill to set up a DFI will be introduced
National monetisation pipeline of brownfield
infra assets
Ujjwala scheme to cover 1 crore more
beneficiaries
100 more districts under city gas
distribution network
Independent gas transport system
operator to be set up
2018 2014
44
54
Logistics Performance
Index Rank
• 100% electrification of Broad Gauge Routes by 2023
• Indigenously developed automatic train protection system to be launched
PNG Infra financing
139 GW of installed capacity was added during 6 years
connecting additional 2.8 crore households with addition
of 1.41 lakh circuit km of transmission lines
Revamped reforms-based result-linked power distribution
sector scheme will be launched with an outlay of
₹3,05,984 crore over 5 years
Hydrogen energy mission will be launched
Urban Swachh Bharat Mission with
outlay ₹1,41,678 crore over 5 years
Jal Jeevan Mission (Urban) for universal
water supply in all ULBs
₹2,217 crore for 42 urban centres to
tackle air pollution
Voluntary Vehicle Scrapping policy
MetroLite and MetroNeo for tier 2 and
peripherals of tier 1 cities
Rationalised single Securities Markets Code by 2022
World class fintech hub at GIFT IFSC
Permanent institutional framework for Corporate bond market
SEBI as regulator and greater role for WDRA for development of
commodity market ecosystem
Investor charter as a right across all financial products
Amending the Insurance Act,1938 to increase the FDI limit with safeguards
Asset Reconstruction Company Limited and Asset Management Company
to resolve stressed assets problem of PSBs.
Urban Development
Innovative PPP models to augment
public bus transport
Financial Reforms
30 25 20 15 10 5 0
Rural
Urban
Total
Share of casual labour in 2018-19
MIGRANT WORKERS AND LABOURERS
o Development of modern
fishing harbours and fish
landing centres
o Multipurpose Seaweed
Park to be set up in Tamil
Nadu
One nation one ration
card scheme under
implementation in 32
states and UTs.
A portal to be
launched for gig,
building and
construction workers
Social security
benefits will be
extended to gig and
platform workers
Inclusive Development
FISHERIES
Extending coverage of
SWAMITVA Scheme to all
states/UTs
Expansion of Operation
Green scheme to include 22
perishable products
1000 more mandis to be
integrated with e-NAM
MSP Wheat (RHS) MSP Paddy (LHS)
0 40000
20000 70000
40000
130000
100000
60000
160000
80000
MSP (crores) AGRICULTURE
GII Rank 90
80
70
60
50
40
30
20
10
0
Accreditation Regulation
Standard setting Funding
Higher Education
Commission of India
SKILLS
Realigning National
Apprenticeship
Training scheme for
graduates and
diploma holders in
Engineering
Partnership with
UAE and Japan in
area of skill
development and
recognition
EDUCATION
Revamped Post
Matric
Scholarship
Scheme for
welfare of SCs
100 new Sainik
schools
750 Eklavya
schools in tribal
areas
Human Capital
R&D
National Research
Foundation with
outlay of
₹50,000 crore
over 5 years
National Language
Translation
Mission to boost
internet access
Deep Ocean
Mission for
ocean exploration
and biodiversity
conservation
3.5 2.5 1.5 0.5 -0.5
2.8 2014-15
2.8 2015-16
2.8 2016-17
2.8 2017-18
2.8 2018-19
3 2019-20 RE
3.5 2020-21 BE
Expenditure on Education as per cent of GDP
Capital Expenditure
GENERAL
GOVERNMENT
DEBT TO GDP
Fiscal Position
• Allowing a normal ceiling of net borrowing for the states
at 4% of GSDP for 2021-22
• Additional Borrowing ceiling of 0.5% of GSDP subject
to conditions
2
3
10.00
9.00
8.00
7.00
6.00
5.00
4.00
3.00
Fiscal Deficit 9.50
3.40 3.50 3.50 3.90 4.10
4.60
6.80
Debt Service Ratio
External Debt to GDP
Ratio of Short-term debt to reserves
12
10
8
6
4
2
0
External Debt 35
30
25
20
15
10
5
0
₹1,18,452 crore as Revenue Deficit grant to 17 states in 2021-
22
NSSF loan to FCI for food subsidy to be replaced by
making budget provisions
Per
cent
of
GD
P
2014-1
5
2015-1
6
2016-1
7
2017-1
8
2018-1
9
2019-2
0 A
ctual
s
2020-2
1 R
E
2021-2
2 B
E
Per
cen
t
20
13
20
18
20
19
20
20
20
20
(S
ept-
end)
Per
cen
t
1
0
3
Additional deduction
of ₹1.5 lakh shall be
available for loans
taken up till 31
March 2022 for
purchase of
affordable house
1.2 1.14
1.00 1.00 1.02
1.0 0.98
.95
0.62
0.4 0.32
0.2
0.0
Pre filling of returns will also
cover capital gains from listed
securities, dividend income,
etc.
Indirect Tax
GST Collection
Rationalization of customs duty
structure by eliminating outdated
exemptions
Support to MSMEs hit by recent
sharp rise in iron and steel prices
and relief to metal recyclers
Rationalization of duties on
raw material inputs to man
made textiles
Rationalization of custom duty
on gold and silver
Increase in duty on solar invertors
and lanterns to promote domestic
production
Agriculture Infrastructure and
Development Cess on small
number of items
2019-20 2020-21 1.4
Eligibility for claiming tax
holiday for start ups
proposed to be extended by
one more year
Tax proposals
Tax Return
Filers
(crore)
7
6
5
4
3
2
1
0
2014 2020
Increase in limit for tax audit
for persons who carry out 95%
of their transactions digitally
Constitution of a Dispute Resolution Committee for
small tax payers
Dividend payment to
REIT/InvIT to be exempted
from TDS
Income Tax Appellate Tribunal to be made faceless
Reducing time limit for reopening of income tax
assessment
Exemption from filing income tax returns for
senior citizens (75 years and above) who only
have pension and interest income. The paying
bank will deduct the necessary tax on their
income.
Taxpayers
opted for Direct
Tax Vivad se
Vishwas
Scheme
120000.00
100000.00
80000.00
60000.00
40000.00
20000.00
0.00
Apr May Jun Jul Aug Sep Oct Nov Dec
0.6
0.91 0.87
0.86 0.92 0.95
0.8
1.0 1.03
1.05 1.05
1.15
In R
s L
ak
h c
ro
re
Rupee goes out
Centrally
Sponsored Schemes
5%
Pensions
Other Expenditure
10%
9%
Central Sector
Subsidy 8% Schemes
14%
Defense
8%
Finance Commission and Other Transfers
10%
Interest Payment 20%
States' Share of Taxes and Duties
16%
Rupee comes in
Union Excise Duties
8%
15%
GST
Customs
3%
Corporation Tax
13%
Non Tax Revenue
6%
Income Tax
14%
Borrowings and other
Liabilities
36%
Non Debt Capital
Receipts
5%
Revenue Receipts (crore)
2020926
1788424 1684059
1555153
2019-20 2020-21 2020-21 2021-22
(Actuals) (BE) (RE) (BE)
Capital Receipts (crore)
1895152
1694812
1002271 1021304
2019-20 2020-21 2020-21 2021-22
(Actuals) (BE) (RE) (BE)
Revenue Expenditure (crore)
3011142
2630145 2929000
2350604
2019-20 2020-21 2020-21 2021-22
(Actuals) (BE) (RE) (BE)
Capital Expenditure (crore)
554236
412085
335726
2019-20 2020-21 2020-21 2021-22
(Actuals) (BE) (RE) (BE)
439163
Budget at a Glance
Allocation to major schemes
2021-22 BE 2020-21 RE
MGNREGA (crore)
73000
111500
PM KISAN (crore)
2021-22 BE
2020-21 RE
0 10000 20000 30000 40000 50000 60000 70000
2021-22 BE 2020-21 RE
37500
37000
36500
36000
35500
35000
34500
National Health Mission (crore)
National Education
Mission (crore)
2020-21
RE,
28244
2021-22
BE,
34300
60000 40000 20000 0
2020-21 RE
2021-22 BE
Jal Jeevan Mission (crore)
2021-22 BE 2020-21 RE
20000
18000
16000
14000
12000
10000
8000
6000
4000
2000
0
Metro Projects (crore)
2021-22
BE,
18998
2020-21 RE,
6484
15000 10000 5000 0
AMRUT and Smart Cities (crore)
2021-22 BE
2020-21 RE
Major Allocations
Ministry of Housing and Urban
Affairs
54581
Ministry of Health and Family
Welfare
73932
Ministry of Education 93224
Ministry of Railways
110055
Ministry of Road Transport and
Highways
118101
Ministry of Agriculture and
Farmers' Welfare
131531
Ministry of Rural Development 133690
Ministry of Home Affairs
166547
Ministry of Consumer Affairs, Food
and Public Distribution
256948
Ministry of Defense 478196
0 200000 400000 600000
Rs. Crore
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