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GOVERNMENT OF INDIA
Key Features
of
Budget
2022-2023
February, 2022
MINISTRY OF FINANCE
BUDGET DIVISION
Key features
GOALS OF AMRIT KAAL
Focus on growth and all inclusive welfare
1
Promoting technology enabled development, energy
transition and climate action
2
3
Virtuous cycle starting from private investment, crowded
in by public capital investment
PM GatiShakti
Inclusive
Development
Productivity
Enhancement and
Investment, Sunrise
Opportunities, Energy
Transition and
Climate Action
Financing of
Investments
FOUR
PRIORITIES
GDP
GVA
₹ Lakh Crore
37
34
2nd Wave
1st Lockdown
40
Recovery of the economy
reflective of country’s
resilience
31
28
25
Q1
Q2
Q3
2019-20
Q4
Q1
Q2
Q3
2020-21
Q4
Q1
Q2
2021-22
Indian Economy staging a sustained recovery
100
COVID-19 Vaccine Coverage (in %)
90
93.0
80
% of adult
population with
First dose
% of adult
population with
Second dose
70
60
50
69.8
40
30
20
10
Jan-22
Dec, 21
Nov
Octo
Sept
August
July
June
May
April
March
Feb
Jan, 21
0
20.00
CPI-C and WPI Inflation (%)
15.00
10.00
CPI WPI Gap
WPI
CPI
5.00
0.00
-5.00
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
-10.00
Net addition in EPF
Subscribers (in lakhs)
PM GatiShakti
• Driven by seven engines: Roads, Railways,
Airports, Ports, Mass Transport, Waterways,
and Logistics Infrastructure.
• National Master Plan aimed at world class
modern infrastructure and logistics synergy
Formulation of Master Plan for expressways.
Completing 25000 km national highways in
2022-23
• Unified Logistics Interface Platform allowing
data exchange among all mode operators
• Open Source Mobility Stack for seamless travel
of passengers
• 4 Multimodal Logistics parks through PPP to be
awarded in 2022-23
• Integration of Postal and Railways Network
facilitating parcel movement.
• One Station One Product
• Extending coverage under Kavach
• 400 new generation Vande Bharat Trains
• Multimodal connectivity between mass urban
transport and railway stations
• National Ropeways Development Plan as
sustainable alternative to conventional roads.
• Capacity building for infrastructure Projects
Agriculture and food processing
• Promoting chemical free
natural farming starting with
farmers’ lands close to river
Ganga
• Promoting post harvest
value addition, consumption
and branding of millet
products
700
• Delivery of Digital and
Hi-Tech services to
farmers in PPP mode.
• Use of Kisan Drones to
aid farmers.
• Launching fund with
blended capital to finance
agriculture start ups
Enhanced procurement to
support higher distribution
during pandemic
600
Record Foodgrains Production (in
million tons)
Wheat
2018-19
2019-20
2020-21
2021-22 (Upto 31.12.2021)
2020-21 (4th AE)
Rice
2019-20
0
2018-19
100
2017-18
200
2016-17
300
2015-16
300
280
260
240
220
200
400
2014-15
Lakh tons
500
• Implementation of Ken Betwa Link Project benefitting 9.1
lakh hectare farm land, providing drinking water to 62 lakh
people and generating 130MW power.
• 5 more such projects under process of implementation.
Resilient Growth in Agri Sector (per cent)
6.8
6.6
4.3
3.6
3.9
2020-21
2021-22
2.6
2016-17
2017-18
2018-19
2019-20
Education
Universalisation of Quality Education
One class One TV channel programme to be expanded to 200 TV channels
Virtual labs and skilling e-labs to
promote critical thinking skills and
stimulated learning environment
A Digital University will be
established with world class
quality universal education
High quality e-content will be delivered through Digital Teachers
Skill Development
Digital Ecosystem for Skilling and
Livelihood (DESH-Stack e-portal)
will be launched to promote
online training
Startups will be promoted to facilitate
Drone Shakti for Drone-As-A-Service
HEALTH
National Digital Health Ecosystem will be rolled out
National Tele Mental Health Programme will be
launched for quality counselling
Integrated architecture: Mission Shakti, Mission
Vatsalya, Saksham Anganwadi, and Poshan 2.0 to be
launched
Two lakh Anganwadis to be upgraded to Saksham
Anganwadis
Outlay in 2022-23 BE (in crore)
Saksham Anganwadi and POSHAN 2.0
20263
PM Poshan
Mission Vatsalya
Mission Shakti
10234
1472
3184
All inclusive welfare focus
1
Har Ghar, Nal Se Jal: 3.8 crore households to be covered in
2022-23
PM Awas Yojana: 80 lakh houses to be completed in 2022-23
2
3
PM-DevINE: To fund infrastructure and social development
based on felt needs of the North East
Aspirational Blocks Programme: For development of lagging
blocks of aspirational districts
4
5
Vibrant Villages Programme: Targeting development of
villages on the Northern Border left out from the development
gains
Digital Banking by Post Offices: 100% of post offices to come
on the core banking system
6
7
Digital Payments: Scheduled Commercial Banks to set up 75
Digital Banking Units in 75 districts
Extending
ECLGS with
focus on
hospitality and
related enterprises
Interlinking
various portals
MSME
Revamping
CGTMSE
Raising and
Accelerating
MSME
Performance
(RAMP)
programme will
be rolled out
Productivity enhancement and
investment
Ease of Living
Ease of Doing Business 2.0
Trust based governance
Integration of central and state
level systems through IT bridges
Expanding scope of PARIVESH
Portal
Unique Land Parcel
Identification Number for IT
based management of land
records.
Establishing C-PACE to
facilitate voluntary winding up
of companies
Issuance of chip embedded ePassports
Modernisation of building
byelaws, implementing Town
Planning Schemes and Transit
Oriented Development
Establishing Centres of
Excellence in urban planning
Providing a battery swapping
policy as an alternative to
setting up charging stations in
urban areas
Allocation under PLI Schemes, 202223 BE (in crore)
End to end online e-Bill System
and utilising surety bonds in
government procurement.
5300
AVCG promotion task force
1629
Support to 5G under PLI scheme
528
Opening up defence R&D for
industry, startups and academia
Telecom and
Networking
Products
Large Scale
Electronics and IT
Hardware
Pharmaceuticals
Financing of investment
Public
investment to
continue to
pump prime
private
investment and
demand in
2022-23
Prioritising Capital Expenditure
Capital Expenditure/Total Expenditure (%)
Revenue Expenditure/ Total Expenditure (%) (RHS)
22.0
89.0
19.0
86.0
16.0
83.0
13.0
Infrastructure status for
Data Centres and
Energy Storage
Systems
2022-23 BE
2021-22 RE
2020-21
(Actuals)
Blended Finance for
sunrise sectors
Mobilising
Resources
Providing greater fiscal space to
States
•
2019-20
Measures to aid
investment by Venture
Capital and Private
Equity Investment
Green Bonds to
mobilise resources for
green infrastructure
•
2018-19
2017-18
2016-17
2015-16
Introduction
of Digital
Rupee by
RBI starting
2022-23
80.0
2014-15
10.0
Enhanced outlay to Scheme for
Financial Assistance to States for
Capital Investment
For 2022-23 States will be allowed
a fiscal deficit of 4% of GSDP of
which 0.5% will be tied to power
sector reforms
Tax proposals
Allowing taxpayers to file Updated Return within 2 years for correcting errors
•
Tax relief to persons with
disability
Reducing Alternate Minimum Tax
Rate and Surcharge for
Cooperatives.
•
Increasing tax deduction limit on
employer’s contribution to NPS
account of state government
employees
Buoyant GST collections during 2021-22
(Rs lakh crore)
Extending period of incorporation
of eligible startups for providing
tax incentives
Nationwide
lockdown
1.6
Second
COVID wave
1.4
1.2
1
0.8
0.6
0.4
•
Dec-21
Oct-21
Aug…
Jun-21
Apr-21
Feb-21
Dec-20
Jun-20
Apr-20
Feb-20
Any
Surcharge or
Cess on
Income and
Profits not
allowable as
business
expenditure
Dec-19
0
Oct-20
0.2
Aug…
•
Income from transfer of
virtual assets to be taxed at
30%
Better litigation management
to avoid repetitive appeals
Rs lakh crore
•
Customs administration to be fully IT driven in SEZs
• Phasing out concessional rates in capital goods and
project imports gradually and apply a moderate tariff of
7.5%
• Review of customs exemptions and tariff simplification
• Customs duty rates are being calibrated to provide a
graded rate structure to facilitate domestic electronics
manufacturing
• Rationalisation of exemptions on implements and tools
for agri sector manufactured in India
• Extension of customs duty exemption to steel scrap
• Reduction of duty on certain inputs required for shrimp
aquaculture
• Unblended fuel shall attract additional differential
excise duty
Rupee Comes from
Non Debt Capital Receipts
2%
Income Tax
15%
Borrowings and other
Liabilities
35%
Union Excise Duties
7%
Corporation Tax
15%
Non Tax Revenue
5%
Customs
5%
GST
16%
Rupee Goes to
Centrally Sponsored
Schemes
9%
Subsidies
8%
Pensions
4%
Other Expenditure
9%
Central Sector Schemes
15%
Defence
8%
Finance Commission and
Other Transfers
10%
Interest Payments
20%
States' Share of Taxes and
Duties
17%
BUDGET AT A GLANCE
Revenue Receipts (Rs Crore)
2021-22
(RE),
2078936
2020-21
(Actuals),
1633920
2022-23
(BE),
2204422
Capital Receipts (Rs Crore)
2020-21
(Actuals),
1875916
2021-22
(BE),
1788424
2022-23
(BE),
1740487
2021-22
(BE),
1694812
Revenue Expenditure (Rs Crore)
2021-22
(RE),
3167289
2022-23
(BE),
3194663
Effective Capital Expenditure (Rs
Crore)
2022-23
(BE),
1067889
2020-21
(Actuals),
3083519
2021-22
(BE),
773348
2020-21
(Actuals),
657182
2021-22
(BE),
2929000
2021-22
(RE),
1691064
2021-22
(RE),
840396
Allocation to major schemes
National Health Mission
(in crore)
Jal Jeevan Mission (in crore)
37800
34947
2021-22 RE
2022-23 BE
2022-23 BE
60000
2021-22 RE
45011
Pradhan
Mantri Gram
Sadak Yojana
(in crore)
National Education
Mission (in crore)
2022-23
BE,
39553
PM Kisan (in crore)
190
00
2021-22
RE,
30796
140
00
2021-22 RE 2022-23 BE
Aatmanirbhar Bharat Rojgar
Yojana (in crore)
67500
68000
2021-22 RE
2022-23 BE
Pardhan Mantri Swasthya
Suraksha Yojana (in crore)
10000
6400
7400
5000
2021-22 RE
2022-23 BE
2021-22 RE
2022-23 BE
Ministry wise allocations
Ministry of Communications
105406.82
Ministry of Chemicals and Fertilisers
107715.38
Ministry of Agriculture and Farmers'
Welfare
132513.62
Ministry of Rural Development
138203.63
Ministry of Railways
140367.13
Ministry of Home Affairs
185776.55
Ministry of Road Transport and
Highways
199107.71
Ministry of Consumer Affairs, Food
and Public Distribution
217684.46
Ministry of Defence
525166.15
0
100000 200000 300000 400000 500000 600000
Rs. Crore
ºÉiªÉàÉä´É VɪÉiÉä
GOVERNMENT OF INDIA
Key Features
of
Budget
2022-2023
February, 2022
MINISTRY OF FINANCE
BUDGET DIVISION