Union Budget 2022-23, Key Highlights Of The Year

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Key Highlights Of Union Budget 2022-23

| Updated: February 1, 2022 16:15

The Union Budget 2022-23 is presented in the ‘never before’ environment with a focus on PM Gati Shakti, Inclusive Development, Productivity Enhancement, Sunrise opportunities, Energy Transition, Climate Action, and Financing of Investments. 

Government expenditure for the financial year 2022-23 is expected to be Rs 39.45 lakh crore with a receipt of Rs. 22.84 lakh crore. As it was expected the fiscal deficit for FY22 will be 6.4 percent. 

PM Gati Shakti:

  • PM Gati Shakti provides a big push to the Infrastructure.
  • Masterplan for expressway will be formulated 
  • 25,000 km of National Highway Network will be expanded
  • Contracts for four multi-modal national parks will be awarded
  • Under the plan Railways will manufacture and develop 400 new generation Vande Bharat trains  
  • 100 new cargo terminals will be developed 

Agriculture:

  • Government will promote chemical-free farming 
  • Rs. 2.37 lakh crore worth of MSP direct payments will be made to wheat and paddy farmers
  • Kisan drones will be promoted for spraying of insect pesticides and crop assessment

Going Digital:

  • National digital health ecosystem will be rolled out
  • Digital ecosystem for skilling will be launched to skill and reskill citizens through online training 

For MSMEs:

  • For MSMEs Udyam,e-shram, NCS & Aseem portals will be inter-linked and their scope will be widened  
  • NABARD will finance startups in agriculture and rural enterprises for farm produce value chain 

E-Passports:

  • Finance Minister announces issuance of e-passports using embedded technology to enhance convenience for citizens in their foreign travel 

Urban Planning Push:

  • Finance Minister announces that a high-level committee of Urban planners and economists will be formed for recommendations on urban capacity building and planning implementation 
  • Finance Minister allocates Rs. 48,000 crore for PM Awas Yojana. 80 lakh houses will be identified under the scheme 

Education

  • One class One Tv channel programme to be expanded to 200 TV channels
  • A Digital University will be established with world-class quality universal education
  • High-quality e-content will be delivered through Digital Teachers

Health:

  • National Tele Mental Health Programme will be launched for quality counseling
  • Mission Shakti, Mission Vatsalya, Saksham Anganwadi, and Poshan 2.0 will be launched 
  • Two lakh Anganwadis will be upgraded to Saksham Anganwadis  

Other Announcements:

  • 3.8 crore households will be covered under ‘Har Ghar, Nal se Jal’
  • PM-DevINE will fund infrastructure and social development based on the needs of North Eastern States of India
  • Vibrant Villages Programme will target development of villages on the Northern Border left out from the development gains 
  • Digital Banking by 100 percent of post offices will come up 

Read Also: Union Budget 2022: 68% Of R&D Budget In Defence To Promote Atmanirbhar Defence Manufacturing

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