00:00Serving as a benchmark for other corporates.
00:04Two, introduce a credit guarantee support mechanism through CGT MSC for invoice discounting on TREADS platform.
00:14Three, link GEM with TREADS for sharing information with financiers about government purchases from MSMEs,
00:24encouraging cheaper and quicker financing.
00:27Four, introduce TREADS receivables as asset-backed securities, helping develop a secondary market,
00:38enhancing liquidity and settlement of transactions.
00:43Professional support.
00:45Government will facilitate professional institutions such as the ICAI, ICSI, ICMAI
00:53to design short-term modular courses and practical tools to develop a cadre of corporate MITRAs,
01:03especially in TREADS and TREADS.
01:08These accredited paraprofessionals will help MSMEs meet compliance requirements at affordable costs.
01:16Infrastructure.
01:19During this past decade, our government has undertaken several initiatives for large-scale enhancement of public infrastructure,
01:29including through new financing instruments such as Infrastructure Investment Trust in WITS
01:36and Real Estate Investment Trust, WITS, and institutions like NIIF and NABFID.
01:46We shall continue to focus on developing infrastructure in cities with over 5 lakh population,
01:52that is tier 2, tier 3 cities, which have expanded to become growth centers.
01:58Public capital expenditure has increased manifold from 2 lakh crores in 2014-15 to an allocation of 11.2 lakh crores in B25-26.
02:14In this coming year, that is financial year, I propose to increase it to 12.2 lakh crores to continue the momentum.
02:30To strengthen the confidence of private developers regarding risks during infrastructure development and construction phase,
02:41I propose to set up an infrastructure risk guarantee fund to provide prudentially calibrated partial credit guarantee to lenders.
02:54Over the years, rights have emerged as a successful instrument for asset monetization.
03:02I propose to accelerate recycling of significant real estate assets of the CPSCs through the setting up of dedicated rights.
03:14To promote environmentally sustainable movement of cargo, I propose to
03:191. Establish new dedicated freight corridors connecting Dankuni in the east to Surat in the west.
03:29I propose to create operationalized 20 new national waterways over the next five years.
03:38Starting with National Waterways 5 in Orissa to connect mineral-rich areas of Talcher and Angul
03:47and industrial centers like Kalinga Nagar to the ports of Paradeep and Damra.
03:54Training institutes will be set up as regional centers of excellence for development of required manpower for these waterways.
04:04This will benefit youth in the entire stretch of the waterways to train and acquire skills.
04:10Further, a ship repair ecosystem catering to inland waterways will also be set up at Varanasi and Patna.
04:21And C. Launch a coastal cargo promotion scheme for incentivizing a modal shift from rail to road to increase the share of inland waterways
04:35and coastal shipping from 6% to 12% by 2047.
04:41To enhance last mile and remote connectivity and promote tourism, I propose to give incentives to indigenize manufacturing of seaplanes.
04:56A seaplane VGF scheme will be also introduced to provide support for operations.
05:06Carbon capture, utilization and storage.
05:09Aligning with the roadmap launched in December 2025, the carbon capture, utilization and storage technologies at scale will achieve higher readiness
05:24and an end-use application across five industrial sectors, including power, steel, cement, refineries and chemicals.
05:36An outlay of 20,000 crores is proposed over the next five years for this purpose.
05:44City economic regions.
05:47Cities are India's engines of growth, innovation and opportunities.
05:52We shall now focus on tier 2, tier 3 cities and even temple towns, which need modern infrastructure and basic amenities.
06:01This budget aims to further amplify the potential of cities to deliver the economic power of agglomerations by mapping city economic regions based on their specific growth drivers.
06:17An allocation of 5,000 crores per CER over five years is proposed for implementing their plans through a challenge mode with a reform-come-result-based financing mechanism.
06:32In order to promote environmentally sustainable passenger systems, we will develop seven high-speed rail corridors between cities as growth connectors.
06:47Namely, Mumbai to Pune, Pune to Hyderabad, Hyderabad to Bengaluru, Hyderabad to Chennai, Chennai to Bengaluru, Delhi to Varanasi, Varanasi to Seliguri.
07:02Financial sector.
07:14The Indian banking sector today is characterized by strong balance sheet, historic highs in profitability, improved asset quality and coverage exceeding 98% of villages in the country.
07:31At this juncture, we are well placed to futuristically evaluate the measures needed to continue on the path of reform-led growth of this sector.
07:41I propose setting up a high-level committee on banking for Vikasit Bharat, high-level committee on banking for Vikasit Bharat to comprehensively review the sector and align it with India's next phase of growth while safeguarding financial stability, inclusion and consumer protection.
08:08The vision for NBFCs for Vikasit Bharat has been outlined with clear targets for credit disbursement and technology adoption in order to achieve scale and improve efficiency in the public sector NBFCs.
08:24As a first step, it is proposed to restructure the Power Finance Corporation and Rural Electrification Corporation.
08:33AsiaNet News Network.
08:46AsiaNet News Network.
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