Six broad pillars identified to steer the Indian economy towards an Atmanirbhar Bharat:
a) Health and Well-Being
b) Physical and Financial capital and infrastructure
c) Inclusive Development for Aspirational India
d) Reinvigorating Human Capital
e) Innovation and R&D
f) Minimum Govt, Maximum Governance
New Health scheme PM Atmanirbhar Swasth Bharat Yojana announced to boost health infrastructure in India.
Rs 35,000 crore allocated for COVID-19 vaccine. Pneumococcal vaccine to be rolled out across the country, which will prevent child deaths.
Big push to infrastructure: 34.5 % increase in capital expenditure. Focus also on monetising assets, modernising Railways.
Divestment proposed for two public sector banks apart from IDBI and one general insurance company. Govt to get Rs. 1.75 lakh crore as estimated revenue from this.
Good news for start-ups and innovators: Govt allows One Person Companies (OPCs).
FDI in insurance companies increased to 74% from the present 49%. Foreign ownership and control with safeguards to be allowed.
An outlay of Rs. 50,000 crore over 5 years for recapitalisation of public sector banks.
Monetary incentives to popularise digital payments. Rs. 3,768 crore allocated for India’s first ever digital census.
Agricultural credit target enhanced to Rs. 16.5 lakh crore from Rs. 15 lakh crore. Rural sector gets an additional Rs. 10,000 crore. Measures taken to boost eNAM facilities.
Qualitative strengthening of 15,000 schools to include all components of National Education Policy. 100 new Sainik schools to be set up. Central University announced for Leh.
Senior citizens above 75 years of age, having pension & interest income exempted from filing tax returns.