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Union Budget 2021-22: Growth Engine for the economy

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

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Union Budget 2021-22: Growth Engine for the economy

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

  2. Union Budget 2021-22 • Union Budget 2021-22 Was Presented By Honorable Mrs. NirmalaSitharaman • 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 !Would Love to Hear From You Hero FinCorp Limited 09, BasantLok, Vasant Vihar, New Delhi - 110057 Tel. 18001024145 Email Id: Corporate.Care@HeroFinCorp.com Website: https://www.herofincorp.com/ Know more- Union Budget 2021-22: Growth Engine for the economy

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