Union Minister of Finance presented the Union Budget for 2021-22. This was the first digital budget.

Highlights

  • Production Linked Incentive scheme (PLI)
    • Rupees 1.97 lakh crore in coming 5 years for PLI schemes in 13 Sectors to create and nurture manufacturing global champions for an AatmaNirbhar Bharat.
  • Textiles
    • The Mega Investment Textiles Parks (MITRA) scheme to be introduced.
  • Infrastructure
    • The National Infrastructure Pipeline expanded to 7,400 projects.
    • Measures in 3 thrust areas to increase funding for NIP
      • Creation of institutional structures:
        • To Set up and capitalise a Development Financial Institution.
      • Big thrust on monetizing assets.
      • Enhancing the share of capital expenditure.
  • Roads and Highways Infrastructure
    • Rupees 1,18,101 lakh crore, highest ever outlay, for Ministry of Road Transport and Highways.
    • The New Economic corridors and Expressways being planned.
    • Advanced Traffic management system in all new 4 and 6-lane highways.
  • Railway Infrastructure
    • National Rail Plan for India (2030) to create a “future ready‟ Railway system by 2030.
    • The 100% electrification of Broad-Gauge routes to be completed by December, 2023.
    • Western Dedicated Freight Corridor and Eastern Dedicated Freight Corridor to be commissioned by June 2022.
    • Measures for passenger convenience and safety
      • Aesthetically designed Vista Dome Linke Hofmann Busch (LHB) coach on tourist routes for better travel.
      • High density network and highly utilized network routes to have an indigenously developed automatic train protection system, eliminating train collision due to human error.
  • Urban Infrastructure
    • Expansion of metro rail network and augmentation of city bus service.
    • The ‘MetroLite’ and ‘MetroNeo’ technologies will be used to provide metro rail systems at much lesser cost with similar experience.
  • Power Infrastructure
    • A comprehensive National Hydrogen Energy Mission (NHEM) 2021-22 to be launched.
    • Rupees 3,05,984 crore over five years for a revamped, reforms-based and result-linked new power distribution sector scheme.
  • Ports, Shipping, Waterways
    • Rupees 2,000 crore worth sevevn projects to be offered in Public Private Partnership (PPP)-mode in Financial Year 2021-22 for operation of major ports.
  • Petroleum & Natural Gas
    • The Extension of Ujjwala Scheme to cover 1 crore more beneficiaries.
    • A new gas pipeline project in UT Jammu & Kashmir.
    • An independent Gas Transport System Operator to be set up for facilitation and coordination of booking of common carrier capacity in all-natural gas pipelines on a non-discriminatory open access basis.

Budget 2021 Highlights of Infrastructure Budget 2021 Highlights of Infrastructure