Union Budget 2023 Highlights

Union Budget 2023 Highlights : The Indian Finance Minister Nirmala Sitharaman has presented the Budget 2023 on February 1st, 2023. The budget focuses on seven priorities for the government which are inclusive development, reaching the last mile, infrastructural investment, unleashing the potential, green growth, youth power and financial sector. The budget is aimed at job creation and uplifting the youth.

Union Budget 2023 Highlights: The budget proposed the establishment of a national digital library for children and adolescents to compensate for the learning loss during the COVID pandemic.

A sub-scheme will be launched under PM Matsya Sampada Yojana with an outlay of Rs 6,000 crore to further empower those involved in the fisheries sector.

Union Budget 2023 Highlights: The government has also initiated computerization for 63,000 primary agricultural credit societies with an investment of Rs 2,516 crore. A package of assistance for traditional artisans and craftspeople named PM Vishwa Karma Kaushal Samman has been conceptualized to improve the quality, scale and reach of their products, integrating with MSME value chain.

An agriculture accelerator fund has been proposed to encourage agritech startups by young entrepreneurs in rural areas.

Union Budget 2023 Highlights: The government has launched the Atmanirbhar Clean Plant Programme to improve availability of disease-free quality planting material for high-value horticultural crops at an outlay of Rs 2,200 crore. The budget is focused on stabilizing the macro-economy, providing ample opportunities for citizens, especially the youth, and providing a strong impetus to growth and job creation.

Union Budget 2023 Highlights : The Finance Minister emphasized on food security and has implemented a scheme to supply free food grain to all Antyodaya and priority households for one year under PM Garib Kalyan Ann Yojana.

Union Budget 2023 Highlights The Indian economy has been recognized as a bright star by the world, with growth estimated at 7.0%, the highest among major economies. The world has acknowledged India’s growth despite the massive global slowdown caused by the pandemic and the war.

The economy has become more formalized, reflected by the doubling of EPFO membership. The Sensex surged 600 points, Nifty above 17,800 as the Budget speech began.

The government has taken a people-centric agenda to tackle global challenges. The budget hopes to build on the foundation laid in the previous budget and envisions a prosperous, equitable and inclusive India.

By 12news World

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