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Indian Economy

Budget 2021 Highlights: Infrastructure

  • 03 Feb 2021
  • 3 min read

Why in News

Recently, the Minister of Finance presented the Union Budget 2021-22. This was the first digital budget.

  • This section deals with proposals related to Infrastructure.

Key Points

  • Production Linked Incentive scheme (PLI):
  • Textiles:
    • Mega Investment Textiles Parks (MITRA) scheme to be introduced.
  • Infrastructure:
    • National Infrastructure Pipeline (NIP) expanded to 7,400 projects.
    • Measures in three thrust areas to increase funding for NIP:
      • Creation of institutional structures:
        • Set up and capitalise a Development Financial Institution (DFI).
      • Big thrust on monetizing assets.
      • Enhancing the share of capital expenditure.
  • Roads and Highways Infrastructure:
    • Rs. 1,18,101 lakh crore, highest ever outlay, for Ministry of Road Transport and Highways.
    • New Economic corridors and Expressways being planned.
    • Advanced Traffic management system in all new 4 and 6-lane highways.
  • Railway Infrastructure:
    • National Rail Plan for India (2030) to create a “future ready‟ Railway system by 2030.
    • 100% electrification of Broad-Gauge routes to be completed by December, 2023.
    • Western Dedicated Freight Corridor (DFC) and Eastern DFC to be commissioned by June 2022.
    • Measures for passenger convenience and safety:
      • Aesthetically designed Vista Dome Linke Hofmann Busch (LHB) coach on tourist routes for better travel.
      • High density network and highly utilized network routes to have an indigenously developed automatic train protection system, eliminating train collision due to human error.
  • Urban Infrastructure:
  • Power Infrastructure:
    • A comprehensive National Hydrogen Energy Mission 2021-22 to be launched.
    • Rs. 3,05,984 crore over 5 years for a revamped, reforms-based and result-linked new power distribution sector scheme.
  • Ports, Shipping, Waterways:
  • Petroleum & Natural Gas:
    • Extension of Ujjwala Scheme to cover 1 crore more beneficiaries.
    • A new gas pipeline project in Jammu & Kashmir.
    • An independent Gas Transport System Operator to be set up for facilitation and coordination of booking of common carrier capacity in all-natural gas pipelines on a non-discriminatory open access basis.

Source:PIB

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