THIS DOCUMENT CONTAINS THE KEY FEATURES of India's 2022-23 Budget by India's Ministry of Finance Budget Division.

1. MINISTRY OF FINANCE
BUDGET DIVISION
ºÉiªÉàÉä´É VɪÉiÉä
Key Features
of
Budget
2022-2023
February, 2022
GOVERNMENT OF INDIA

3. Key features
1
2
3
GOALS OF AMRIT KAAL
Focus on growth and all inclusive welfare
Promoting technology enabled development, energy
transition and climate action
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
25
28
31
34
37
40
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2019-20 2020-21 2021-22
₹
Lakh
Crore
GDP GVA
1st
Lockdown
2nd
Wave
Recovery of the economy
reflective of country’s
resilience

4. Indian Economy staging a sustained recovery
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
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
CPI-C and WPI Inflation (%)
CPI WPI Gap
WPI
CPI
Net addition in EPF
Subscribers (in lakhs)
93.0
69.8
0
10
20
30
40
50
60
70
80
90
100
Jan,
21
Feb
March
April
May
June
July
August
Sept
Octo
Nov
Dec,
21
Jan-22
COVID-19 Vaccine Coverage (in %)
% of adult
population with
First dose
% of adult
population with
Second dose

5. • 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
• Multimodal connectivity between mass urban
transport and railway stations
• National Ropeways Development Plan as
sustainable alternative to conventional roads.
• Capacity building for infrastructure Projects
• Integration of Postal and Railways Network
facilitating parcel movement.
• One Station One Product
• Extending coverage under Kavach
• 400 new generation Vande Bharat Trains
PM GatiShakti

6. • Promoting chemical free
natural farming starting with
farmers’ lands close to river
Ganga
• Promoting post harvest
value addition, consumption
and branding of millet
products
• 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
• 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.
Agriculture and food processing
0
100
200
300
400
500
600
700
Rice Wheat
Lakh
tons
2018-19 2019-20
2020-21 2021-22 (Upto 31.12.2021)
Enhanced procurement to
support higher distribution
during pandemic
200
220
240
260
280
300
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
(4th
AE)
Record Foodgrains Production (in
million tons)
6.8 6.6
2.6
4.3
3.6 3.9
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
Resilient Growth in Agri Sector (per cent)

7. A Digital University will be
established with world class
quality universal education
One class One TV channel programme to be expanded to 200 TV channels
Education
Universalisation of Quality Education
Virtual labs and skilling e-labs to
promote critical thinking skills and
stimulated learning environment
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
3184
1472
10234
20263
Mission Shakti
Mission Vatsalya
PM Poshan
Saksham Anganwadi and POSHAN 2.0
Outlay in 2022-23 BE (in crore)

8. All inclusive welfare focus
1
2
3
4
5
6
7
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
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
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
Digital Payments: Scheduled Commercial Banks to set up 75
Digital Banking Units in 75 districts
MSME
Interlinking
various portals
Extending
ECLGS with
focus on
hospitality and
related enterprises
Revamping
CGTMSE
Raising and
Accelerating
MSME
Performance
(RAMP)
programme will
be rolled out

9. 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
End to end online e-Bill System
and utilising surety bonds in
government procurement.
AVCG promotion task force
Support to 5G under PLI scheme
Opening up defence R&D for
industry, startups and academia
Ease of Living
Issuance of chip embedded e-
Passports
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
Productivity enhancement and
investment
528
5300
1629
Telecom and
Networking
Products
Large Scale
Electronics and IT
Hardware
Pharmaceuticals
Allocation under PLI Schemes, 2022-
23 BE (in crore)

10. Financing of investment
Public
investment to
continue to
pump prime
private
investment and
demand in
2022-23
80.0
83.0
86.0
89.0
10.0
13.0
16.0
19.0
22.0
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
(Actuals)
2021-22
RE
2022-23
BE
Prioritising Capital Expenditure
Capital Expenditure/Total Expenditure (%)
Revenue Expenditure/ Total Expenditure (%) (RHS)
Mobilising
Resources
Green Bonds to
mobilise resources for
green infrastructure
Infrastructure status for
Data Centres and
Energy Storage
Systems
Measures to aid
investment by Venture
Capital and Private
Equity Investment
Blended Finance for
sunrise sectors
• 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
Providing greater fiscal space to
States
Introduction
of Digital
Rupee by
RBI starting
2022-23

11. 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.
• Income from transfer of
virtual assets to be taxed at
30%
• Better litigation management
to avoid repetitive appeals
• 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
Buoyant GST collections during 2021-22
(Rs lakh crore)
Increasing tax deduction limit on
employer’s contribution to NPS
account of state government
employees
Extending period of incorporation
of eligible startups for providing
tax incentives
Any
Surcharge or
Cess on
Income and
Profits not
allowable as
business
expenditure
Nationwide
lockdown
Second
COVID wave
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
Dec-19
Feb-20
Apr-20
Jun-20
Aug…
Oct-20
Dec-20
Feb-21
Apr-21
Jun-21
Aug…
Oct-21
Dec-21
Rs
lakh
crore

12. Rupee Comes from
Rupee Goes to
Income Tax
15%
Union Excise Duties
7%
Corporation Tax
15%
GST
16%
Customs
5%
Non Tax Revenue
5%
Borrowings and other
Liabilities
35%
Non Debt Capital Receipts
2%
Other Expenditure
9%
Central Sector Schemes
15%
Finance Commission and
Other Transfers
10%
States' Share of Taxes and
Duties
17%
Interest Payments
20%
Defence
8%
Subsidies
8%
Centrally Sponsored
Schemes
9%
Pensions
4%

13. BUDGET AT A GLANCE
2020-21
(Actuals),
1633920
2021-22
(BE),
1788424
2021-22
(RE),
2078936
2022-23
(BE),
2204422
Revenue Receipts (Rs Crore)
2020-21
(Actuals),
3083519
2021-22
(BE),
2929000
2021-22
(RE),
3167289
2022-23
(BE),
3194663
Revenue Expenditure (Rs Crore)
2020-21
(Actuals),
657182
2021-22
(BE),
773348
2021-22
(RE),
840396
2022-23
(BE),
1067889
Effective Capital Expenditure (Rs
Crore)
2020-21
(Actuals),
1875916
2021-22
(BE),
1694812
2021-22
(RE),
1691064
2022-23
(BE),
1740487
Capital Receipts (Rs Crore)

14. Allocation to major schemes
2021-22
RE,
30796
2022-23
BE,
39553
National Education
Mission (in crore)
34947
37800
2021-22 RE 2022-23 BE
National Health Mission
(in crore)
140
00
190
00
2021-22 RE 2022-23 BE
Pradhan
Mantri Gram
Sadak Yojana
(in crore)
67500 68000
2021-22 RE 2022-23 BE
PM Kisan (in crore)
45011
60000
2021-22 RE
2022-23 BE
Jal Jeevan Mission (in crore)
7400
10000
2021-22 RE 2022-23 BE
Pardhan Mantri Swasthya
Suraksha Yojana (in crore)
5000
6400
2021-22 RE 2022-23 BE
Aatmanirbhar Bharat Rojgar
Yojana (in crore)

15. Ministry wise allocations
525166.15
217684.46
199107.71
185776.55
140367.13
138203.63
132513.62
107715.38
105406.82
0 100000 200000 300000 400000 500000 600000
Ministry of Defence
Ministry of Consumer Affairs, Food
and Public Distribution
Ministry of Road Transport and
Highways
Ministry of Home Affairs
Ministry of Railways
Ministry of Rural Development
Ministry of Agriculture and Farmers'
Welfare
Ministry of Chemicals and Fertilisers
Ministry of Communications
Rs. Crore

17. MINISTRY OF FINANCE
BUDGET DIVISION
ºÉiªÉàÉä´É VɪÉiÉä
Key Features
of
Budget
2022-2023
February, 2022
GOVERNMENT OF INDIA