Presenting the Union Budget, Finance Minister Nirmala Sitharaman said, “The budget will include the development of women, youth, farmers and tribals.” New announcements in the budget announced by him…
(1) Funds will be created to increase agricultural start-up companies in rural areas.
(2) The Central Government will support a Hyderabad-based company to promote small grains.
(3) A National Digital Library will be set up to promote the habit of reading: It will have international books for children and adults to read. For this, the National Book Trust and Children’s Book Trust will be encouraged. The scheme will be implemented with the participation of NGOs.
(4) 3 Centers for Artificial Intelligence (AI) will be set up in reputed educational institutes.
(5) A new program will be introduced for research and development in the pharmaceutical sector.
(6) 38,800 teachers and non-teachers will be appointed in the next 3 years in 740 Ekalaiva Model Boarding Schools where tribal students study.
(7) A development drive will be implemented to raise the socio-economic status of certain tribal groups. Rs.15,000 crore will be allocated for the implementation of this scheme in the next 3 years.
(8) A sub-scheme will be implemented under PM Matsaya Sampada Yojna for those engaged in fisheries sector. Rs.6,000 crore will be allocated for it.
(9) 157 new nursing colleges will be started across the country.
(10) PAN will be mandatory for all digital operations.
(11) 100 labs will be set up in engineering institutes to develop applications in 5G technology.
(12) Rs.35,000 crore will be allocated for green energy development projects.
(13) Additional 50 airstrips, heliports, water landing pads, advanced aircraft landing areas will be established. 100 structures for transportation of steel, fertiliser, coal, food grains. Rs.75,000 crore will be allocated for this.
(14) 14 Focus will be on skill development including Coding, AI, Robotic, 3D printing. Integrated Skills India Program will be launched. In this, 47 lakh youth will be given assistance.
(15) Introduction of new app to promote tourism. Integrated tourism program in 50 areas.
(16) A Central Action Center will be set up for immediate consideration and decision of the demands in the Institutions.
(17) Introduction of integrated IT website to facilitate withdrawal of unclaimed shares by investors.
(18) The savings ceiling for senior citizens will be increased to Rs.30 lakh.
(19) New savings scheme for women: 7.5 percent interest on savings for 2 years.