Union Budget 2021-22 strikes a perfect balance between boosting growth and generating jobs. Here are the key highlights of it.

1. Union Budget 2021-22: Growth Engine for the
economy

2. Union Budget 2021-22
• Union Budget 2021-22 Was Presented By Honorable Mrs.
Nirmala Sitharaman
• The Budget Included Big Spending Plans For Various Sectors

3. Focus On Boosting Growth
• A Fiscal Deficit Of 6.8 Percent Of GDP Is Anticipated For 2021-
22
• A Massive Amount Of 5,54,000 Crore Was Allocated For Capital
Expenditure

4. Emphasis On Healthcare
• Healthcare Spending To Increase By 135 Percent
• 35000 Crores Allotted For The COVID Vaccination Program
• Creating Wealth And Wellness," Commented Narendra Modi

5. Higher Capital Spending
• Capital Expenditure Of 5.54 Lakhs Crore
• 35 Percent Higher Than The Last Year’s Figures
• A Strong Recovery Is Anticipated In 2021-2022 At An 11 Percent
Growth Rate

6. Job Creation
• Creation Of A New Development Finance Institution (DFI) For
Handling Government Spending In Infrastructure
• The Budget Spares Rs 20,000 Crore To Capitalize On The New
DFI

7. FDI Liberalized In Insurance
• Boost In Foreign Direct Investment (FDI) In The Insurance
Sector, From 49 To 74 Percent

8. Updates on Banking and NBFCs
• Allocation Of Rs 20, 000 Crore, To Re-capitalize Government-
owned Banks Battling Bad Loans
• Setting Up An Asset Reconstruction Company (ARC) And An
Asset Management Company (AMC) To Deal With Bad Loans Of
Public Sector Banks

9. NBFC Debt Recovery Made Easy
• Protect The Interest Of NBFCs With A Minimum Asset Size Of Rs
100 Crore
• Minimum Loan Size Eligible For Debt Recovery Reduced From
Rs 50 Lakh To Rs 20 Lakh

10. Relief For Depositors
• Depositors Can Access Rs. 5 Lakhs Straight Away From DICGC

11. Support To MSMEs And Agriculture
• Rs. 1 5,700 Crore Allocated For MSMEs
• Linking 1000 Agriculture Produce Market Committees (APMC)
Via The Electronic National Market (e-NAM) Chain.

12. Thank You !
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