India’s growth is estimated to be at 9.27 percent. PLI (Production Linked Incentive) scheme In 14 Sectors Has Received Excellent Response.
The budget plans to expand the national highway network by 25,000km by 2022-23Production Linked Incentive (PLI) Scheme for achieving Aatma Nirbhar Bharat has received an excellent response, with the potential to create 60 lakh new jobs and additional production of 30 lakh crore during next years.
PM Gati Shakti will encompass the 7 engines for multi-modal connectivity for the states. ‘One station, one product’ to help the supply chain of local products. ‘Parwatmala’ for conventional roads in hilly areas to be taken in PPP modes (Public-Private partnership). For farmers to adopt natural farming, packages have been made and MSMEs (Ministry of Micro, small and medium enterprises) to be introduced.
Hospitality services by the small & medium sector are yet to bounce back, therefore, the government has decided to extend the ECGL (Emergency credit line guarantee) service for this sector by March 2023 with an increased cover of Rs 50,000. Skilling programs will be reoriented. For skilling, upskilling & reskilling of our youth, Digital DESH e-portal will be launched which will help our youth a lot. ‘One Class One TV Channel’ will be increased from 12 to 200 TV Channels to provide supplementary education in regional languages for classes 1-12.
A digital university will be developed to provide access to students for world-class quality education with ISTE (Indian standard of technical education) Standards. For mental health counseling, a National Tele Mental Health Program will be launched. 400 new Vande Bharat trains to be manufactured in the next 3 years Drones to be used for crop assessment, land records, spraying of insecticides will be used. Animation, visual effects, gaming, and the comics sector offer immense potential to employ youth.
Epassports will be rolled out in 2022-23 for convenience in overseas travel. Modernization of buildings, town planning schemes, and transit-oriented development will be implemented. Centre’s of Excellence will be established with 250 crores for urban sector development. Battery Swapping Policy will be formulated.
‘One Nation, One Registration’ will be established for anywhere registration to facilitate ease of living & doing business. The private sector will be encouraged to create sustainable and innovative business models for battery and energy as a service, improving the efficiency in the EV ecosystem. 68% of the capital for Defense is to be earmarked for domestic industry. ‘Special Economic Zones Act to be replaced soon. Spectrum auctions this year to enable 5G roll out by 2023 Ken Betwa linking project to cost around Rs 44,605 crore. Overall the budget of 2022 is good for the farmers and businesses on digital platforms.
– Aditya Rao