Livelihoods Update

Livelihoods Update: 1 February 2022

February 1, 2022
Akshara

Budget 2022 Highlights

Alternate Minimum Tax for cooperative societies to be cut to 15%. It will reduce surcharge on cooperative societies (income between Rs 1 crore and Rs 10 crore) to 7%. ECLGS extended till March 2023, 60 lakh jobs targeted (5 years). Digital ecosystem for skilling and livelihood to be launched. Rs 48,000 crore allocated for PM Awas Yojana (PMAY). In 2022-23, 80 lakh houses will be completed under PMAY; 60,000 houses will be identified as beneficiaries. Rs. 60,000 crore allocated for providing access to tap water to 3.8 crore households. Fund through NABARD to finance startups in agriculture & rural enterprises for farm produce value chain. 2022-23 has been announced as International Year of Millets. Railways to develop new products for small farmers and MSMEs. Scheme to increase domestic oilseed production. Kisan Drones for crop assessment, land records, spraying of insecticides, etc. Natural farming to be promoted along Ganga river corridor. Paperless, e-bill system to be launched by ministries for procurement. Financial support to farmers to take up agro-forestry. States to be encouraged to revise syllabi of agricultural universities to meet needs of natural, zero-budget & organic farming, modern-day agriculture. One class, one TV channel' program of PM eVIDYA will be expanded from 12 to 200 TV channels. All post offices will come under core banking system. 75 digital banks in 75 districts will be set up by scheduled commercial banks to encourage digital payments. An open platform for the national digital health ecosystem to be rolled out. 2 lakh Anganwadis to be upgraded for improving child health.
Livelihoods Update: 1 February 2022

 

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