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Union Budget 2021: Here are the key takeaways

This is the first time that hard copies of the Budget documents were not printed, due to the COVID-19 pandemic.

Finance Minister Nirmala Sitharaman is presenting the Union Budget for 2021-22.

This is the first time that hard copies of the Budget documents were not printed, due to the COVID-19 pandemic.

Sitharaman said this Budget was prepared “under circumstances like never before”.

Here are the major announcements made so far:

> PM Aatmanirbhar Swasth Bharat Yojana to be launched, an outlay of Rs 64,180 crore over six years.

> A voluntary vehicle scrappage policy, where passenger vehicles will undergo fitness tests after 20 years, and commercial vehicles after 15 years.

> A professionally managed development financial institution (DFI) will be introduced.

> Public sector banks (PSB) to see a capital infusion of Rs 20,000 crore.

> Rs 35,000 crore to be allocated for further funds for vaccines against COVID-19 in FY22

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