Finance Minister begins Budget 2021 speech by recounting the unprecedented circumstances through which the nation and the world had to go through and recognizing the service rendered by COVID Warriors during the crucial months of the pandemic Aatmanirbhar Bharat Ka Budget.
Our Govt is fully prepared to support and facilitate the Indian economy’s reset.
he preparation of this Budget was undertaken in circumstances like never before, in view of calamities that have affected a country. We have endured COVID-19 to 2020 is Sui Generis.
The Govt stretched its resources for the benefit of the poorest of the poor. The PM Garib Kalyan Yojana, the three AatmaNirbharBharat packages and subsequent announcements were like five mini-budgets in themselves.
The total financial impact of all Aatma Nirbhar Bharat packages, including measures taken by RBI, was about ₹ 27.1 lakh crore, more than 13% of GDP.
“Faith is the bird that feels the light and sings when the dawn is still dark” FM @nsitharaman quotes Rabindranath Tagore, adding that this moment in history is the dawn of a new era, where India is well-poised to be the land of promise and hope”
For the first time, our budget is digitised. No more endless paper prints! The traditional ‘bahi khata’ gets replaced by a Made in India tab.
India now has one of the lowest COVID19 death rates of 112 per million population and one of the lowest active cases of about 130 per million. This has laid the foundation for the economic revival we see today.
Today India has 2 vaccines available and has begun safeguarding not only her own citizens against COVID19 but also those of 100 or more countries. It has added comfort to know that 2 more vaccines are also expected soon
Budget2021 proposals rest on six pillars :
Health and Well-Being
Physical and Financial capital and
Inclusive Development for Aspirational India
Reinvigorating Human Capital Innovation and R&D
Minimum Govt., Maximum Governance.
Proposals in Part A will strengthen the Sankalp of NATION FIRST
1. Doubling farmers’ income
2. Strong Infrastructure
3. Healthy India
4. Good Governance
5. Opportunities for Youth
6. Education for All
7. Women Empowerment, and
8. Inclusive Development
New Centrally Sponsored Scheme PM Aatmanirbhar Swasth Bharat Yojana to be launched, outlay of ₹ 64,180 crore over 6 years. To develop capacities of health care systems, develop institutions for detection & cure of new and emerging diseases.
Supplementary Nutrition Programme & POSHAN Abhiyaan to be merged, Mission POSHAN 2.0 to be launched.
Jal Jeevan Mission Urban to be launched, outlay ₹ 2.87 lakh crore over 5 years Aimed at universal water supply in all 4,378 urban local bodies, with 2.86 crore household tap connections and liquid waste management in 500 AMRUT cities.