Budget 2022: E-passports to be rolled out in 2022-23 with embedded chip, confirms Nirmala Sitharaman

Budget 2022: Issuance of E-passports will be rolled out in 2022-23 to enhance convenience for citizens, confirmed Finance Minister Nirmala Sitharaman while presenting the Union Budget 2022-2023.

"Issuance of E-passports will be rolled out in 2022-23 to enhance convenience for citizens": Finance Minister Nirmala Sitharaman.

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Also, Emergency Credit Line Guarantee Scheme (ECLGS) will be extended up to March 2023, the guaranteed cover will be expanded by Rs 50,000 crores to total cover of Rs 5 lakh crores: FM Nirmala Sitharaman said. 

Also, the Production-Linked Incentive (PLI) scheme across 14 sectors, including IT hardware manufacturing, has the potential to generate at least 60 lakh new job opportunities, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Union Budget 2022-23, her fourth budget to date, she said that the PLI schemes have received tremendous response.

"The Production Linked Incentive (PLI) scheme for achieving Aatmanirbhar Bharat has received an excellent response, with potential to create 60 lakh new jobs," she said during her Union Budget 2022-23 speech in Parliament.

The PLI schemes have received investment intentions worth Rs 30 lakh crore, she added. The PLI scheme covers key sectors like pharmaceuticals, medical devices, large-scale electronics manufacturing, food products, solar EV modules, automobiles/auto components, ACC battery, textile products etc.