Budget 2021: Indian Railways gets Rs 1.1 trn budgetary support for FY22

FM says Railways has a National Rail Plan for India 2030, to create a future-ready rail system by 2030. Bringing down logistic cost for industry is at the core to enable Make in India

The Indian Railways has set its eyes on long-term infrastructure projects of freight corridors and speedier trains as it gets the highest ever gross budgetary support (GBS) from the Union Budget.

According to a rail ministry presentation, capex for 2021-22 is pegged at Rs 2.15 trillion. This estimate takes into account GBS of Rs 1.07 trillion, internal resources of Rs 7,500 crore, and external budgetary resources raising Rs 1.00258 trillion.

This is significantly higher than the GBS of earlier years. GBS for 2020-21 stood at Rs 70,250 crore. GBS was at Rs 69,967 crore in 2019-20 and Rs 55,088 crore in 2018-19.