union budget 2021 budget 2020-2021 presented by : - fm

15
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

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Page 1: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 2: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 3: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 4: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 5: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 6: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 7: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 8: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 9: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 10: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 11: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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%

Page 12: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 13: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 14: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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

Page 15: UNION BUDGET 2021 BUDGET 2020-2021 PRESENTED BY : - FM

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