
Union Budget And Other Economic Policies


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KEY TRENDS
If one goes by the expenditure of major items, then according to the Union Budget 2021-22 (please click here to access): • Expenditure on Pension was decreased from Rs. 2,04,393 crore in 2020-21 (R.E.) to Rs. 1,89,328 crore in 2021-22 (B.E.). Budgetary allocation on Pension was Rs. 2,10,682 crore in 2020-21 (B.E.) • Budgetary allocation on Pension as a proportion of total budgetary expenditure was 6.93 percent in 2020-21 (B.E.), which decreased to 5.4 percent in 2021-22 (B.E.) • Expenditure on Fertilizer Subsidy was cut down from Rs. 1,33,947 crore in 2020-21 (R.E.) to Rs. 79,530 crore in 2021-22 (B.E.). Budgetary allocation on Fertilizer Subsidy was Rs. 71,309 crore in 2020-21 (B.E.). The large difference between B.E. and R.E. figures for Expenditure on Fertilizer Subsidy in 2020-21 occurred on account of change in accounting practice, and shifting from the 'off-budget financing' mode to a more transparent mode of showing expenditure. • Expenditure on Food Subsidy was brought down from Rs. 4,22,618 crore in 2020-21 (R.E.) to Rs. 2,42,836 crore in 2021-22 (B.E.). Budgetary allocation on Food Subsidy was Rs. 1,15,570 crore in 2020-21 (B.E.). The huge difference between B.E. and R.E. figures for Expenditure on Food Subsidy in 2020-21 happened due to the change in accounting practice, and shifting from the 'extra-budget borrowing' mode to a more transparent mode of revealing expenditure. • Budgetary allocation on Food Subsidy as a proportion of total budgetary expenditure was 3.8 percent in 2020-21 (B.E.), which jumped to almost 7 percent in 2021-22 (B.E.). • Expenditure on Agriculture and Allied Activities was increased from Rs. 1,45,355 crore in 2020-21 (R.E.) to Rs. 1,48,301 crore in 2021-22 (B.E.). Budgetary allocation on Agriculture and Allied Activities was Rs. 1,54,775 crore in 2020-21 (B.E.) • Budgetary allocation on Agriculture and Allied Activities as a proportion of total budgetary expenditure was 5.1 percent in 2020-21 (B.E.), which reduced to 4.3 percent in 2021-22 (B.E.) • Expenditure on Rural Development was decreased from Rs. 2,16,342 crore in 2020-21 (R.E.) to Rs. 1,94,633 crore in 2021-22 (B.E.). Budgetary allocation on Rural Development was Rs. 1,44,817 crore in 2020-21 (B.E.) • Budgetary allocation on Rural Development as a proportion of total budgetary expenditure was 4.8 percent in 2020-21 (B.E.), which increased to 5.6 percent in 2021-22 (B.E.) • Expenditure on Health was decreased from Rs. 82,445 crore in 2020-21 (R.E.) to Rs. 74,602 crore in 2021-22 (B.E.). Budgetary allocation on Health was Rs. 67,484 crore in 2020-21 (B.E.) • Budgetary allocation on Health as a proportion of total budgetary expenditure was 2.2 percent in 2020-21 (B.E.), which reduced marginally to 2.1 percent in 2021-22 (B.E.) • Expenditure on Education was increased from Rs. 85,089 crore in 2020-21 (R.E.) to Rs. 93,224 crore in 2021-22 (B.E.). Budgetary allocation on Education was Rs. 99,312 crore in 2020-21 (B.E.) • Budgetary allocation on Education as a proportion of total budgetary expenditure was 3.3 percent in 2020-21 (B.E.), which reduced marginally to 2.7 percent in 2021-22 (B.E.) --- (A) Core of the Core Schemes • National Social Assistance Progamme-NSAP (that includes old age pension, widow pension, pension for disabled, National Family Benefit Scheme & Annapurna) - Rs. 9,197 crore in 2020-21 (Budget Estimate) and Rs. 9,200 crore in 2021-22 (B.E.); Rs. 42,617 crore in 2020-21 (Revised Estimate) • Mahatma Gandhi National Rural Employment Guarantee Act - Rs. 61,500 crore in 2020-21 (B.E.) and Rs. 73,000 crore in 2021-22 (B.E.); Rs. 1,11,500 crore in 2020-21 (R.E.) • Umbrella Scheme for Development of Schedule Tribes - Rs. 4,191 crore in 2020-21 (B.E.) and Rs. 4,303 crore in 2021-22 (B.E.); Rs. 3,183 crore in 2020-21 (R.E.) • Umbrella Programme for Development of Scheduled Castes - Rs. 6,242 crore in 2020-21 (B.E.) and Rs. 6,566 crore in 2021-22 (B.E.); Rs. 5,693 crore in 2020-21 (R.E.) • Umbrella Programme for Development of Minorities - Rs. 1,820 crore in 2020-21 (B.E.) and Rs. 1,564 crore in 2021-22 (B.E.); Rs. 1,282 crore in 2020-21 (R.E.) • Umbrella Programme for Development of Other Vulnerable Groups - Rs. 2,210 crore in 2020-21 (B.E.) and Rs. 2,140 crore in 2021-22 (B.E.); Rs. 1,675 crore in 2020-21 (R.E.) --- (B) Core Schemes • Green Revolution - Rs. 13,320 crore in 2020-21 (B.E.) and Rs. 13,408 crore in 2021-22 (B.E.); Rs. 10,474 crore in 2020-21 (R.E.) • White Revolution - Rs. 1,805 crore (B.E.) and Rs. 1,642 crore (R.E.) in 2020-21; the B.E. figure for 2021-22 is not provided • Blue Revolution - Rs. 570 crore in 2020-21 (B.E.) and Rs. 1,015 crore in 2021-22 (B.E.); Rs. 710 crore in 2020-21 (R.E.) • Pradhan Mantri Krishi Sinchai Yojana - Rs. 11,127 crore in 2020-21 (B.E.) and Rs. 11,588 crore in 2021-22 (B.E.); Rs. 7,954 crore in 2020-21 (R.E.) • Pradhan Mantri Gram Sadak Yojana - Rs. 19,500 crore in 2020-21 (B.E.) and Rs. 15,000 in 2021-22 (B.E.); Rs. 13,706 crore in 2020-21 (R.E.) • Pradhan Mantri Awas Yojana - Rs. 27,500 crore in 2020-21 (B.E.) and Rs. 27,500 crore in 2021-22 (B.E.); Rs. 40,500 crore in 2020-21 (R.E.) • Jal Jeevan Mission (JJM)/ National Rural Drinking Water Mission - Rs. 11,500 crore in 2020-21 (B.E.) and Rs. 50,011 crore in 2021-22 (B.E.); Rs. 11,000 crore in 2020-21 (R.E.) • Swachh Bharat Mission-Urban (SBM-Urban) - Rs. 2,300 crore in 2020-21 (B.E.) and Rs. 2,300 crore in 2021-22 (B.E.); Rs. 1,000 crore in 2020-21 (R.E.) • Swachh Bharat Mission-Gramin (SBM-Rural) - Rs. 9,994 crore in 2020-21 (B.E.) and Rs. 9,994 crore in 2021-22 (B.E.); Rs. 6,000 crore in 2020-21 (R.E.) • National Health Mission (NHM) - Rs. 34,115 crore in 2020-21 (B.E.) and Rs. 37,130 crore in 2021-22 (B.E.); Rs. 35,554 crore in 2020-21 (R.E.) • National Education Mission - Rs. 39,161 crore in 2020-21 (B.E.) and Rs. 34,300 crore in 2021-22 (B.E.); Rs. 28,244 crore in 2020-21 (R.E.) • National Programme of Mid Day Meal in Schools - Rs. 11,000 crore in 2020-21 (B.E.) and Rs. 11,500 crore in 2021-22 (B.E.); Rs. 12,900 crore in 2020-21 (R.E.) • Umbrella Integrated Child Development Services (ICDS) - Rs. 28,557 crore (B.E.) and Rs. 20,038 crore (R.E.) in 2020-21 • Saksham Anganwadi and Poshan 2.0 (Umbrella ICDS-Anganwadi Services, Poshan Abhiyan, Scheme for Adolescent Girls, National Creche Scheme) - Rs. 20,105 crore (B.E.) in 2021-22 • Mission for Protection and Empowerment for Women - Rs. 1,163 crore in 2020-21 (B.E.) and Rs. 48 crore in 2021-22 (B.E.); Rs. 726 crore in 2020-21 (R.E.) • National Livelihood Mission - Ajeevika - Rs. 10,005 crore in 2020-21 (B.E.) and Rs. 14,473 crore in 2021-22 (B.E.); Rs. 10,005 crore in 2020-21 (R.E.) • Jobs and Skill Development - Rs. 5,372 crore in 2020-21 (B.E.) and Rs. 3,482 crore in 2021-22 (B.E.); Rs. 3,885 crore in 2020-21 (R.E.) • Environment, Forestry and Wildlife - Rs. 926 crore in 2020-21 (B.E.) and Rs. 766 crore in 2021-22 (B.E.); Rs. 556 crore in 2020-21 (R.E.) • Urban Rejuvenation Mission : AMRUT - Atal Mission for Rejuvenation and Urban Transformation & Smart Cities Mission - Rs. 13,750 crore in 2020-21 (B.E.) and Rs. 13,750 crore in 2021-22 (B.E.); Rs. 9,850 crore in 2020-21 (R.E.) • Modernisation of Police Forces - Rs. 3,162 crore in 2020-21 (B.E.) and Rs. 2,803 crore in 2021-22 (B.E.); Rs. 1,864 crore in 2020-21 (R.E.) • Infrastructure Facilities for Judiciary - Rs. 762 crore in 2020-21 (B.E.) and Rs. 784 crore in 2021-22 (B.E.); Rs. 599 crore in 2020-21 (R.E.) • Border Area Development Programme - Rs. 784 crore in 2020-21 (B.E.) and Rs. 566 crore in 2021-22 (B.E.); Rs. 50 crore in 2020-21 (R.E.) • Shyama Prasad Mukherjee Rurban Mission - Rs. 600 crore in 2020-21 (B.E.) and Rs. 600 crore in 2021-22 (B.E.); Rs. 372 crore in 2020-21 (R.E.) • Rashtriya Gram Swaraj Abhiyan (RGSA) - Rs. 858 crore in 2020-21 (B.E.) and Rs. 661 crore in 2021-22 (B.E.); Rs. 565 crore in 2020-21 (R.E.) • Rashtriya Swasthya Bima Yojna - Rs. 6,429 crore in 2020-21 (B.E.) and Rs. 6,401 crore in 2021-22 (B.E.); Rs. 3,129 crore in 2020-21 (R.E.) --- (C) Some Important Central Sector Schemes (please click here to access) • Crop Insurance Scheme - Rs. 15,695 crore in 2020-21 (B.E.) and Rs. 16,000 crore in 2021-22 (B.E.); Rs. 15,307 crore in 2020-21 (R.E.) • Interest subsidy for short term credit to farmers - Rs. 21,175 crore in 2020-21 (B.E.) and Rs. 19,468 crore in 2021-22 (B.E.); Rs. 19,832 crore in 2020-21 (R.E.) • Market Intervention Scheme and Price Support Scheme (MIS-PSS) - Rs. 2,000 crore in 2020-21 (B.E.) and Rs. 1,501 crore in 2021-22 (B.E.); Rs. 996 crore in 2020-21 (R.E.) • Pradhan Mantri Kisan Samman Nidhi/ Income Support Scheme (PM-KISAN) - Rs. 75,000 crore in 2020-21 (B.E.) and Rs. 65,000 crore in 2021-22 (B.E.); Rs. 65,000 crore in 2020-21 (R.E.) • Direct Benefit Transfer of LPG - Rs. 35,605 crore in 2020-21 (B.E.) and Rs. 12,480 crore in 2021-22 (B.E.); Rs. 25,521 crore in 2020-21 (R.E.) • Price Stabilisation Fund - Rs. 2,000 crore in 2020-21 (B.E.) and Rs. 2,700 crore in 2021-22 (B.E.); Rs. 11,800 crore in 2020-21 (R.E.) • Promotion of Agricultural Mechanization for in-situ Management of Crop Residue - Rs. 600 crore in 2020-21 (B.E.) and Rs. 700 crore in 2021-22 (B.E.); Rs. 600 crore in 2020-21 (R.E.) • Pradhan Mantri Kisan Sampada Yojana - Rs. 1,081 crore in 2020-21 (B.E.) and Rs. 700 crore in 2021-22 (B.E.); Rs. 750 crore in 2020-21 (R.E.) • Pradhan Mantri Swasthya Suraksha Yojana - Rs. 6,020 crore in 2020-21 (B.E.) and Rs. 7,000 crore in 2021-22 (B.E.); Rs. 7,517 crore in 2020-21 (R.E.) • Police Infrastructure - Rs. 4,135 crore in 2020-21 (B.E.) and Rs. 3,612 crore in 2021-22 (B.E.); Rs. 1,816 crore in 2020-21 (R.E.) • Prime Minister Employment Generation Programme (PMEGP) - Rs. 2,500 crore in 2020-21 (B.E.) and Rs. 2,000 crore in 2021-22 (B.E.); Rs. 1,650 crore in 2020-21 (R.E.) • Deen Dayal Upadhyaya Gram Jyoti Yojna - Rs. 4,500 crore in 2020-21 (B.E.) and Rs. 3,600 crore in 2021-22 (B.E.); Rs. 2,000 crore in 2020-21 (R.E.) • Amended Technology Upgradation Fund Scheme (ATUFS) - Rs. 762 crore in 2020-21 (B.E.) and Rs. 700 crore in 2021-22 (B.E.); Rs. 545 crore in 2020-21 (R.E.) • Skill Development and Livelihoods - Rs. 602 crore in 2020-21 (B.E.) and Rs. 573 crore in 2021-22 (B.E.); Rs. 427 crore in 2020-21 (R.E.) • Kisan Urja Suraksha evam Utthaan Mahabhiyan(KUSUM) - Rs. 700 crore in 2020-21 (B.E.) and Rs. 776 in 2021-22 (B.E.); Rs. 180 crore in 2020-21 (R.E.) • Eklavya Model Residential School (EMRS) - Rs. 1,313 crore in 2020-21 (B.E.) and Rs. 1,418 crore in 2021-22 (B.E.); Rs. 1,200 crore in 2020-21 (R.E.) • Pradhan Mantri Mudra Yojana (through NCGTC) - Rs. 500 crore in 2020-21 (B.E.) and Rs. 2,500 crore in 2021-22 (B.E.); Rs. 500 crore in 2020-21 (R.E.)
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Rural Expert
Tagged with: education Employment mgnrega Sarva Shiksha Abhiyan Social Sector Schemes Social Sector Spending subsidies Union Budget
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