New Delhi: Finance Minister Nirmala Sitharaman has presented the third General Budget (Budget 2021) of her tenure in Parliament today. In this budget, the Finance Minister has announced to form a company to manage the bad debts of banks.
In this budget, bank account holders have also given big relief. The Finance Minister has increased the amount of insurance from Rs 1 lakh to Rs 5 lakh. In this case, if your money kept in the bank sinks then you will get Rs 5 lakh.
In this budget, the government has ensured that even if a bank is closed for any reason, the loss of customers can be paid. Along with this, the government has also decided to form a company to manage the bad debts of banks.
In this budget, it has also been announced to give 20 thousand crore rupees for recapitalization of banks. In his budget speech, the Finance Minister said that the government will provide capital of Rs 20,000 crore to the banks. Finance Minister Nirmala Sitharaman said that it will be named Development Finance Institution.
Budget 2021 Ujjwala scheme, government gives women a gift, 1 crore will be new beneficiaries
Finance Minister Nirmala Sitharaman said in her budget speech that the government will privatize 2 public sector banks (PSUs) this year, as well as additional land of government companies will be sold, besides the government will privatize IDBI Bank.
The Finance Minister said that LIC has also announced to bring an IPO (Initial Public Offering). Along with this, there was also talk of increasing foreign investment (FDI) in insurance companies.