Introduction of alternate methods of debt resolution and special
FM Nirmala Sitharaman announced an exemption from filing tax returns for senior citizens over 75 years of age and having only pension and interest income. Further, Sitharaman confirmed that tax to be deducted by paying bank.
SWAMITVA Scheme to be extended to all States/UTs, 1.80 lakh property-owners in 1,241 villages have already been provided cards.
Agricultural credit target enhanced to Rs. 16.5 lakh crore in FY22 - animal husbandry, dairy, and fisheries to be the focus areas.
Rural Infrastructure Development Fund to be enhanced to Rs. 40,000 crore from Rs. 30,000 crore.
To double the Micro Irrigation Fund to Rs. 10,000 crore.
‘Operation Green Scheme’ to be extended to 22 perishable products, to boost value addition in agriculture and allied products.
Around 1.68 crore farmers registered and Rs. 1.14 lakh crore of trade value carried out through e-NAMs; 1,000 more mandis to be integrated with e-NAM to bring transparency and competitiveness.
APMCs to get access to the Agriculture Infrastructure Funds for augmenting infrastructure facilities.
Increasing FDI in Insurance Sector: To increase the permissible FDI limit from 49% to 74% and allow foreign ownership and control with safeguards
Dedicated Freight Corridor assets to be monetized by Railways, for operations and maintenance, after commissioning
Rs. 2,23,846 crore outlay for Health and Wellbeing in BE 2021-22 as against Rs. 94,452 crore in BE 2020-21 – an increase of 137% Focus on strengthening three areas: Preventive, Curative, and Wellbeing
Women workers allowed in all categories, including night-shifts with adequate protection.
Rs. 1,000 crore for the welfare of Tea workers especially women and their children in Assam and West Bengal through a special scheme.
Promoting start-ups and innovators by incentivizing the incorporation of One Person Companies (OPCs):
Allowing their growth without any restrictions on paid up capital and turnover
Allowing their conversion into any other type of company at any time,
Reducing the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days
Allowing Non Resident Indians (NRIs) to incorporate OPCs in India.
Other than IDBI Bank, two Public Sector Banks to be privatized
Additional deduction of interest, up to Rs. 1.5 lakh, for loan taken to buy an affordable house extended for loans taken till March 2022
Tax holiday for Affordable Housing projects extended till March 2022
Tax exemption allowed for notified Affordable Rental Housing Projects
Investments to develop modern fishing harbours and fish landing centres – both marine and inland
5 major fishing harbours – Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat to be developed as hubs of economic activity
Multipurpose Seaweed Park in Tamil Nadu to promote seaweed cultivation
Mega Investment Textiles Parks (MITRA) scheme, in addition to PLI:
7 Textile Parks to be established over 3 years
Textile industry to become globally competitive, attract large investments and boost employment generation & exports
Focus on creation of robust infrastructure facilities for tribal students
Revamped Post Matric Scholarship Scheme for welfare of SCs
Rs. 35,219 crore enhanced Central Assistance for 6 years till 2025-2026
4 crore SC students to benefit