Union Budget 2021-22 : Important Facts, Study Notes, Material - DSSSB & KVS (PRT & TGT).

Union Budget 2021-22

The Budget proposals for 2021-22 rest on 6 pillars.

1. Health and Wellbeing
2. Physical & Financial Capital, and Infrastructure
3. Inclusive Development for Aspirational India
4. Reinvigorating Human Capital
5. Innovation and R&D
6. Minimum Government and Maximum Governance

 1. Health and Wellbeing:

• There is a substantial increase in investment in Health Infrastructure and the Budget outlay for Health and Wellbeing is Rs 2,23,846 crore in BE 2021-22 as against this year’s BE of Rs 94,452 crore, an increase of 137 percent.
• The Finance Minister announced that a new centrally sponsored scheme, PM Aatma Nirbhar Swasth Bharat Yojana, will be launched with an outlay of about Rs 64, 180 crores 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 the detection and cure of new and emerging diseases. This will be in addition to the National Health Mission. The Made-in-India Pneumococcal Vaccine to be rolled out across the country, from the present 5 states – to avert 50,000 child deaths annually.
• The main interventions under the scheme are:

   2. Physical and Financial Capital and Infrastructure:

• AatmaNirbhar Bharat-Production Linked Incentive Scheme
• Finance Minister said that for a USD 5 trillion economy, our manufacturing sector has to grow in double digits on a sustained basis.
• Our manufacturing companies need to become an integral part of global supply chains, possess core competence and cutting-edge technology. To achieve all of the above, PLI schemes to create manufacturing global champions for an AatmaNirbhar Bharat have been announced for 13 sectors. 
• For this, the government has committed nearly Rs.1.97 lakh crore in the next 5 years starting FY 2021-22. This initiative will help bring scale and size in key sectors, create and nurture global champions and provide jobs to our youth. 

    3. Inclusive Development for Aspirational India:

• SWAMITVA Scheme to be extended to all States/UTs,  1.80 lakh property-owners in 1,241 villages have already been provided cards
• Agricultural credit target enhanced to Rs. 16.5 lakh crore in FY22 - animal husbandry, dairy, and fisheries to be the focus areas
• Rural Infrastructure Development Fund to be enhanced to Rs. 40,000 crore from Rs. 30,000 crore
• To double the Micro Irrigation Fund to Rs. 10,000 crore
• ‘Operation Green Scheme’ to be extended to 22 perishable products, to boost value addition in agriculture and allied products
• Around 1.68 crore farmers registered and Rs. 1.14 lakh crore of trade value carried out through e-NAMs; 1,000 more mandis to be integrated with e-NAM to bring transparency and competitiveness.
• APMCs to get access to the Agriculture Infrastructure Funds for augmenting infrastructure facilities

     4. Reinvigorating Human Capital

• 15,000 schools to be strengthened by implementing all NEP components. Shall act as exemplar schools in their regions for mentoring others
• 100 new Sainik Schools to be set up in partnership with NGOs/private schools/states.
• Legislation to be introduced to set up the Higher Education Commission of India as an umbrella body with 4 separate vehicles for standard-setting, accreditation, regulation, and funding.
• Creation of a formal umbrella structure to cover all Govt. colleges, universities, research institutions in a city for greater synergy.
• Central University to come up in Leh for accessibility of higher education in Ladakh

       5. Innovation and R&D

• Modalities of National Research Foundation announced in July 2019 – 50,000 crore outlay over 5 years.
• To strengthen the overall research ecosystem with a focus on national-priority thrust areas.
• 1,500 crore for the proposed scheme to promote digital modes of payment.
• National Language Translation Mission (NTLM) to make governance and policy-related knowledge available in major Indian languages.
• PSLV-CS51 to be launched by New Space India Limited (NSIL) carrying Brazil’s Amazonia Satellite and some Indian satellites.
• As part of the Gaganyaan mission activities:
  • 4 Indian astronauts being trained on Generic Space Flight aspects, in Russia
  • The first unmanned launch is slated for December 2021

• Rs. 4,000 crores over five years for Deep Ocean Mission survey exploration and conservation of deep-sea biodiversity

       6. Minimum Government, Maximum Governance

• Measures being undertaken to bring reforms in Tribunals to ensure speedy justice
• National Commission for Allied Healthcare Professionals already introduced to ensure transparent and efficient regulation of the 56 allied healthcare professions
• The National Nursing and Midwifery Commission Bill introduced the same in the nursing profession
• Proposed Conciliation Mechanism with a mandate for quick resolution of contractual disputes with CPSEs
• Rs. 3,768 crores allocated for the first digital census in the history of India.
• Rs. 300 crore grant to the Government of Goa for the diamond jubilee celebrations of the state’s liberation from the Portuguese.
• Rs. 1,000 crores for the welfare of Tea workers especially women and their children in Assam and West Bengal through a special scheme

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