New Delhi: Finance Minister Nirmala Sitharaman today presented the Union Budget for the financial year 2022-23 in the Lok Sabha. As soon as she started her speech at 11 am, expectations has become high for everyone.
We know that it is the special day in a year for everyone that always excites to know – what is in it for me?
In this article, we cover the highlights of the budget, targeting Youths, Women, Startups, MSMEs, and farmers.
Let us jump into the detail without further delay
Budget for Youths:
1) One Class One TV Channel programme will be expanded to 200 TV channels
2) Digital University will be set up, equipped with world-class quality universal education
3) Virtual labs and skilling e-labs will be built to promote critical thinking skills
4) Government decided to increase allocation for Aatmanirbhar Bharat Rojgar Yojana to Rs 6,400 crore
Skilling and education have remained a prime focus area for the Modi Govt, as shown by the measures taken in #Budget2022. #AtmaNirbharBharatKaBudget pic.twitter.com/zytvHHsRlm
— NSitharamanOffice (@nsitharamanoffc) February 1, 2022
Budget for Women:
1) Government planned to extend Har Ghar, Nal Se Jal to 3.8 crore households in 2022-23.
2) 2 lakh Anganwadis to be upgraded to Saksham Anganwadis
3) Allocation under National Health Mission to be increased to Rs 37,800 crore in 2022-23
4) New Schemes will be launched for women: Mission Shakti, Mission Vatsalya, Saksham Anganwadi
In keeping with the Modi Govt’s focus on women-led and inclusive development, the Union #Budget2022 incorporates numerous and varied steps for the upliftment of women. #AtmaNirbharBharatKaBudget pic.twitter.com/Zm1E9XmFcX
— NSitharamanOffice (@nsitharamanoffc) February 1, 2022
Budget for Startups:
1)Incorporation period of eligible startups will be extended for providing tax incentives.
2)5G technology will be promoted under Production Linked Incentive (PLI)
3)Significant allocations has been promised under various PLI schemes in 2022-23
4)C-PACE will be step to facilitate voluntary winding up of companies
5)Integration of Central and State level systems through IT bridges
#Budget2022 opens up significant new opportunities for startups looking to do business in India. #AtmaNirbharBharatKaBudget pic.twitter.com/yeTlrvAzNW
— NSitharamanOffice (@nsitharamanoffc) February 1, 2022
Budget for MSMEs:
1)Extending ECLGS till March 2023 and increasing guarantee cover to Rs 5 lakh crore
2)Revamping CGTMSE for additional credit of Rs 2 lakh crore for MSMEs
3)New Rs 6,000 crore Raising and Accelerating MSME Performance (RAMP) programme
4)Interlinking of Udyam, e-Shram, NCS and ASSEM portals and their scope widened
Union #Budget2022 has a number of steps for MSMEs that will not only provide them greater access to cheaper credit but also ease their business processes. #AtmaNirbharBharatKaBudget pic.twitter.com/UgIVm1T26F
— NSitharamanOffice (@nsitharamanoffc) February 1, 2022
Budget for Farmers:
1)Rs 68,000 crore will be allocated under PM KISAN in 2022-23
2)Delivery of digital and hi-tech services to farmers in PPP mode
3)Kisan Drones will be promoted to aid farmers
4)Reduction of surcharge on cooperative societies to 7% from 12% for those with income between Rs 1-10 crore
5)Fund with blended capital to finance agriculture startups
Farmers have seen a number of key steps being taken for them in #Budget2022. #AtmaNirbharBharatKaBudget pic.twitter.com/f6UN6K93Al
— NSitharamanOffice (@nsitharamanoffc) February 1, 2022
