Union Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24 financial year on Wednesday. While presenting the Union Budget, Finance Minister said the government's efforts since 2014 have ensured for all citizens, a better quality of life and life of dignity.
Our vision for the Amrit Kaal includes a technology-driven and knowledge-based economy, with strong public finances and a robust financial sector. To achieve this 'janbhagidari' through 'sabka saath, sabka prayaas' is essential, said Finance Minister Nirmala Sitharaman.
Meanwhile, let's have a look at the major announcements made by the Finance Minister today:
-Railways get Rs 2.4 lakh crore, which is the highest ever allocation to it
-Agricultural credit target increased to Rs 20 lakh crore
-Mobility Infra -- 50 additional airports, heliports
-50 destinations to be selected through challenge mode for tourism
-Mahila Samman Savings Certificate will be made available for two years, deposits of up to Rs 2 lakh at 7.5 per cent interest
-Senior Citizens' Savings Scheme deposit limit raised to Rs 30 lakh from Rs 15 lakh
-Income tax rebate limit increased from Rs 5 lakh to Rs 7 lakh under new tax regime
-Allocation for PM Awas Yojna increased by 66 per cent to over Rs 79,000 crore
-Capital investment outlay to be raised by 33 per cent to Rs 10 lakh crore, which will be 3.3 per cent of GDP in fiscal 2024
-Effective capital expenditure of centre to be - Rs 13.7 lakh crore
-157 new nursing colleges in major locations
-Mission to eliminate sickle cell anaemia by 2047
-Tribals to get Rs 15,000 crore over next three years for safe housing, sanitation, drinking water, and electricity
-Manhole to machine-hole mode -- All cities and towns will be enabled for 100 per cent transition of sewers and septic tanks
-Eklavya Model Residential Schools - 38,800 teachers will be hired
-Goal 'Make AI in India', 'Make AI Work For India' -- three centres for excellence for AI will be set up in top educational institutes
-Rs 2,516 crore for Computerisation of 63,000 credit societies
-100 labs to develop apps using 5G services to be set up in engineering institutions
-Rs 35,000 crore for energy transition to net-zero emission goals
-Green Hydrogen Mission for reduced dependence on fossil fuel
-Battery energy storage systems of 4000 MWh will be supported
-39,000 compliances reduced for ease of doing business,
-30 Skill India international centres to be set up
-Natural Farming - one crore farmers will get assistance