Know, what happened in the Union Budget 2021-22, cheap and expensive?
Finance Minister presented the Union Budget 2021-22 on Monday by Nirmala Seemaraman Like every time in India, this time too many things are cheap and many things have been expensive. Talk about farming and farmers related goods, animal husbandry and agricultural machinery have become cheap. At the same time, urea and fertilizer have been made expensive. Apart from this, many things related to the common man are cheap and many things have become expensive. At the same time, the government has also imposed agricultural infra cess on many items. On this, the government says that this agricultural infra cess will not affect the consumer, rather the amount received from this cess will be used for the development of the agricultural sector. Apart from this, several announcements have also been made in the interest of farmers in the budget, which will benefit the farmers. However, nothing special has been provided for the farmers in this budget. But the announcements made will provide long term benefits to the farmers.
Union Budget 21-22: Know, what is cheap and what is expensive?
| Beneficiary group | Cheap | costly |
|---|---|---|
| Farmer | Material and iron products used in solar lanterns, electricity, agricultural equipment, animal feed | Urea, DAP fertilizer, diesel, solar inverter |
| common man | Nylon fabrics, steel utensils, paint, dry cleaning, polyester fabrics, solar lanterns, gold-silver, steel utensils, insurance, electrical, shoe, copper articles, iron products | Mobile Phones, Mobile Chargers, Mobile Parts, Gems, Shoes, Leather, Copper Goods, Cotton Fabrics, Electronic Goods, Leather Shoes, Solar Inverter, Apples, Kabuli Chana, Chana Dal, Petrol-Diesel, Liquor, Auto Parts |
From these 10 points, understand the government’s focus on farmers
| S.No. | Major budget announcement | Farmers will get such benefits |
| 1. | Agricultural credit extended | The amount of loan extended to farmers for farming, farming etc. has been increased. To provide adequate loans to farmers, the Finance Minister has set a target of increasing agricultural credit to Rs 16.5 lakh crore in FY 2022. With this, farmers will be able to get easy loans for animal husbandry, dairy and fisheries. |
| 2. | 33% increase in Rural Infrastructure Development Fund | The Finance Minister announced to increase the allocation for Rural Infrastructure Development Fund from Rs 30,000 crore to Rs 40,000 crore. |
| 3. | APMC will be given access to Agricultural Infrastructure Fund | The Finance Minister proposed to provide agricultural infrastructure fund to APMC to increase its infrastructure facilities. |
| 4. | Micro Irrigation Fund doubled | In order to increase the area of irrigation sector in the country, Finance Minister Sitharaman proposed to double the Micro Irrigation Fund by Rs 5,000 crore, which was started with an amount of Rs 5,000 crore under NABARD. |
| 5. | Scope of Operation Green Plan extended | To promote value addition in agriculture and allied products and their exports, Finance Minister Sitharaman proposed to expand the scope of the ‘Operation Green Scheme’ to include 22 perishable products that are currently under tomato, onion and potato (tops ) Is applicable to. |
| 6. | 1,000 mandis will be linked by e-name | The Finance Minister said that about 1.68 crore farmers are registered and trade worth Rs 1.14 lakh crore is being done through e-nam. Keeping in view the transparency and competition established in the agricultural market by e-nam, the Finance Minister proposed to add 1,000 more mandis to e-nam to ensure transparency and competition. |
| 7. | Further investment in 5 major fishing centers | Finance Minister Sitharaman proposed substantial investment in the development of fishing and fishing centers. The Finance Minister said that 5 major fishing centers – Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat – will be developed as economic activity centers. Finance Minister Sitharaman also proposed to develop fishing centers in their waters and fishing centers in river banks and water areas. |
| 8. | Extension of ownership plan | Finance Minister Sitharaman announced the expansion of the already ongoing ownership plan across the country. The Finance Minister proposed an extension of the ownership plan to all states / union territories. The ownership scheme was introduced earlier this year to bring transparency in property ownership in villages. Under the scheme, owners of property in villages are given a record of rights. So far, about 1.80 lakh property owners in 1,241 villages have been provided cards. |
| 9. | Agricultural Infra cess on Petrol and Diesel impact consumers | Finance Minister Nirmala Sitharaman announced the introduction of agri cess on petrol and diesel in the budget. He announced an agri cess (agricultural cess) of Rs 2.5 per liter on petrol and Rs 4 per liter on diesel. The reason for this is that the more agri cess they have imposed on these two products, the less they are in their excise duty. Because of this their prices will not increase. |
| 10. | PM Kisan Samman Nidhi’s budget cut | Finance Minister Nirmala Sitharaman has announced a budget cut under the PM Kisan Samman Nidhi. In fact, the Ministry of Agriculture could not spend its entire budget during 2020-21. Due to which the government cut the budget this time. 75,000 crore was given under PM Kisan Samman Nidhi in fiscal year 2020-21. While 65,000 crore has been given for this scheme in the fiscal year 2021-22. The Ministry of Agriculture has spent 65,000 crores in the current fiscal year. Perhaps this is the reason why the government has cut the budget, although farmers will continue to get annual rupees as before. |
How much amount allocated to which ministry in the budget
- Ministry of Finance – 13,86,273.30 Crore
- Ministry of Defense – 4,78,195.62 Crore
- Ministry of Consumer Affairs, Food and Public Distribution – 2,56,948.40 Crore
- Ministry of Agriculture and Farmers Welfare – 1,31,531.19 Crore
- Ministry of Home Affairs – 1,66,546.94 crores
- Ministry of Railways – 1,10,054.64 crores
- Ministry of Road Transport and Highways – 1,18,101 crore
- Ministry of Rural Development – 1,33,689.50 crore
- Ministry of Health and Family Welfare – 73,931.77 crore
- Ministry of Commerce and Industry – 12,768.25 Crore
- Ministry of Chemicals and Fertilizers – 80,714.94 Crore
- Ministry of Communications- 75,265.22 Crore
- Department of Atomic Energy – 18,264 Crore
- Ministry of Education-93224.31 Crore
- Ministry of External Affairs – 18154.73 Crore
- Ministry of Housing and Urban Affairs – 54581 crore
- Ministry of Water Power – 69053 Crore
- Ministry of Labor and Employment – 13306.50 crore
- Ministry of Micro, Small and Medium Enterprises – 15699.65 crore
- Ministry of Petroleum and Natural Gas – 15943.78 crore
- Ministry of Power – 15322 crores
- Ministry of Women and Child Development – 24435 Crore
- Ministry of Aircraft and Technology – 14794.03 Crore
- Social Justice and Empowerment Department-11689.39 Crore
- Department of Space – 13949.09 Crore
- Ministry of Electronics and Information Technology – 9720.66 Crore
- Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy AYUSH – 2970.30 crores
- Ministry of Civil Aviation – 3224.67 Crore
- Ministry of Culture – 2667.99 Crore
- Ministry of Skill Development and Entrepreneurship – 2785.23 Crore
- Ministry of New and Renewable Energy – 5753 crores
- Ministry of Minority Affairs – 4810.77 crores
- Ministry of Information and Broadcasting – 4071.23 Crore
- Ministry of Tribal Affairs-7524.87 Crore
- Ministry of Youth Affairs and Sports – 2596.14 crore
- Ministry of Development of North Eastern Region – 2658 crores
- Ministry of Environment, Forest and Climate Change – 2869.93 crore
- Ministry of Fisheries, Animal Husbandry and Dairying – 4322.82 crores
- Ministry of Textiles- 3631.64 Crore
- Ministry of Tourism – 2026.77 Crore
- Ministry of Earth Sciences – 1897.13 Crore
- Ministry of Food Processing Industries – 1308.66 Crore
- Ministry of Statistics and Program Implementation – 1409.13 Crore
- Ministry of Heavy Industries and Public Enterprises – 1017.08 crores
- Ministry of Mines – 1466.82 Crore
- Ministry of Planning – 1062.77 Crore
- Secretariat of President, Parliament, Union Public Service Commission and Vice President – 1687.57 crores
- Ministry of Ports, Shipping and Waterways – 1702.35 crore
- Ministry of Panchayati Raj – 913 Crore
- Ministry of Corporate Affairs – 712.13 Crore
- Ministry of Coal – 534 Crore
- Ministry of Parliamentary Affairs – 65.07 crores
- Ministry of Steel – 39.25 Crore
Overall, several announcements have been made in the interest of farmers in the budget, which is important in providing long term relief to the farmers.
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