Source: Safalta.com
In 2022-23, the Budget expects the Central government's effective capital spending to be Rs 10.68 lakh crore or around 4.1 percent of GDP. The Finance Minister announced that the GST collections for the month of January 2022 were Rs 1,40,986 crore, the highest since the tax was introduced in 2017. In a major push for digital currency, Sitharaman announced that the RBI will issue digital rupees using blockchain technology beginning in 2022-23. According to the Finance Minister, this will provide a significant boost to the economy. Moreover, there are many new Budget Schemes announced by the Finance Minister. Below is the List of schemes announced in Budget 2022-23.
PM Modi explained the vision of Budget 2022, saying that with the world's changed perception of India, it is critical for us to move the country forward at a rapid pace by strengthening our economy. According to the Prime Minister, there is a possibility of a new world order following the COVID pandemic. Today, the world's perception of India has shifted dramatically. The world now wants to see a more powerful India. PM Modi expressed gratitude to the central government for its efforts, saying, "It is critical that we create a self-sufficient and modern India. This Budget contains a number of significant provisions that will propel India forward into the modern era. Because of decisions made in the last seven years, India's economy has been growing steadily."
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Parvat Mala:
The Parvat Mala project is being implemented in Himachal Pradesh, Uttarakhand, J&K, and the northeast. It will help to create a modern transportation and connectivity infrastructure in the hills, as well as make villages on our borders more alive. This is one of the most important Budget Schemes announced this year. The project will be implemented under a PPP (Public-Private-Partnership) model, which will be a more environmentally sustainable alternative to traditional highways in tough hilly locations. The goal is to improve commuter connectivity and convenience while also encouraging tourism. This could also apply to congested urban areas where traditional mass transit systems are impractical. Currently, the scheme is being implemented in Uttarakhand, Himachal Pradesh, Manipur, Jammu and Kashmir, and other North-Eastern states. Schemes announced in budget 2022 have Parvat Mala as one of the schemes.
National Tele Mental Health Programme:
The program would consist of a network of 23 tele-mental health excellence centers, with NIMHANS serving as the nodal center and the International Institute of Information Technology, IIIT, Bangalore providing technical assistance. This is one of the Lists of Schemes launched this year. Healthcare professionals applauded the Centre's introduction of a National Telemental Health Program, particularly in light of the extended COVID, but said that other essential issues such as health insurance incentives and skill development were not adequately addressed in the Union Budget. While presenting the Budget-2022-23, Finance Minister Nirmala Sitharaman stated that the program will be launched to improve access to quality mental health counseling and care services and that it will include digital registries of health providers and health facilities, a unique health identity, a consent framework, and universal access to health facilities. The new schemes of budget 2022 has National Tele Mental Health Programme as an important scheme.
Saksham Anganwadi:
The Ministry of Women and Child Development will extend support to over 2,00,000 anganwadis, which will be upgraded to Saksham Anganwadis under the umbrella scheme of Saksham Anganwadi. This is one of the New Schemes in the Budget for women and children. According to Finance Minister Nirmala Sitharaman, two lakh anganwadis would be upgraded under the Saksham Anganwadis scheme, which aims to create a new generation anganwadis with better facilities and audio-visual aids for early child development. Schemes of budget 2022 have Saksham Anganwadi as one of the schemes.
PMDevINE:
The Budget schemes consist of one more important Scheme i.e. PMDevINE. The scheme will be implemented through the North-Eastern Council, Rs 15,000 crore has been allocated for the scheme which will fund infrastructure in the spirit of PM GatiShakti, and social development projects which will be based on the needs felt in the North-East. This will allow youth and women to engage in livelihood activities, filling gaps in numerous areas. Schemes announced in budget 2022 have PMDevine as one of the schemes While the Central Ministries may also submit prospective projects, those submitted by the States will be given precedence.
Vibrant Villages Programme:
The new List of Schemes has a Vibrant Villages Programme scheme which will include villages on the northern border. Construction of village infrastructure, housing, tourism centers, road connectivity, decentralized renewable energy, direct to house access for Doordarshan and educational channels, and livelihood generating would all be part of the plan. This scheme was not described in full by the Minister. The Vibrant Villages program, according to reports, will be launched to develop infrastructure in villages along India's border with China. In states like Uttarakhand, Himachal Pradesh, and Arunachal Pradesh, infrastructure will be enhanced. Residential and tourism centers will be built as part of the program. It will also facilitate the development of decentralized renewable energy sources and increase road connectivity. Aside from that, there will be direct access to Doordarshan and educational channels. A source of income will be offered.
The Union Budget 2022, which focused on the future of fintech and digital banking in India, had numerous noteworthy announcements from finance minister Nirmala Sitharaman.
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