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Budget at a glance

 


We are marking Azadi ka AmritMahotsav, our focus is on:

1. Complementing micro & macro economy

2. Promoting digital economy 

3. Private & public investments

With our provision for public investment in the last budget, this budget continues to provide multiplier effect which will benefit youth farmer, SCs, STs, women & poor.

​This Union Budget seeks to lay foundation & give blueprint of economy over ‘Amrit Kal’ of next 25 years - from India at 75 to India at 100

​Railways will develop efficient logistics for small farmers & enterprises. 'One station, one product' to help supply chain of local product

​'Parwatmala' for conventional roads in hilly areas to be taken in PPP modes

​400 new generation Vande Bharat trains with better efficiency to be brought in during the next 3 years; 100 PM Gati Shakti Cargo terminals to be developed during next 3 years and implementation of innovative ways for building metro systems 

​The implementation of the Ken-Betwa link worth ₹44,605 crore will be taken up at providing irrigation of over 9 lakh hectares of farmers land providing irrigation, farming & livelihood facilities to farmers & local population.

​PM Gati Shakti is driven by 7 engines: roads, railways, airports, ports, mass transport, waterways. 

​Skilling programs will be reoriented. For skilling, upskilling & reskilling of our youth, Digital DESH e-portal will be launched

​'One class, one TV channel' program of PM eVIDYA will be expanded from 12 to 200 TV channels. This will enable all states to provide supplementary education in regional languages for classes 1 to 12

​States will be encouraged to revise syllabi of agricultural universities to meet needs of natural, zero-budget & organic farming, modern-day agriculture

​AnmolVachan (UPSC Quotes):

Schemes Ministry of Women and Child Development  

Mission Shakti, 

Mission Vatsalya, 

Saksham Anganwadi and

Poshan 2.0 

Vibrent village programme :

Rural infrastructure

Road connectivity

Door darshan connectity in every village 

With 1486 union laws repealed, Ease of Doing Business 2.0 will be launched


Emergency Credit Line Guarantee Scheme (ECLGS) will be extended up to March 2023 


'One Nation, One Registration' will be established for anywhere registration to facilitate ease of living & doing business 

Implementation of Ken Betwa Linking project at est. cost of Rs. 44,605 Cr. to be taken up:

✅Irrigation benefits to 9.0 lakh hectare farm land

✅Drinking water to 62 lakh people

✅103 MW hydro power

✅27 MW solar power generation

Rs. 1,400 crore in 2022-23 allocated

All post offices to be linked with Core Banking Solution to push financial inclusion

68% of the capital procurement budget for Defence to be earmarked for domestic industry to promote Aatmanirbharta and reduce dependence on imports of defence equipment. This is up from the 58% last fiscal.


Sovereign Green Bonds to be issued in public sector projects to reduce carbon footprint initiatives in the economy 

Digital rupee to be issued using blockchain and other technologies; to be issued by RBI starting 2022-23 

​Draft DPRs for 5 river links Damanganga-Pinjal, Par- Tapi-Narmada, Godavari-Krishna, Krishna-Pennar & Pennar-Kaveri have been finalized 

Reduced alternate minimum tax for cooperatives from 18.5% to 15%

Any virtual digital asset ( cryptocurrency)  shall be taxed at the rate of 30% 

Total expenditure in FY23 estimated at Rs 39.45 lakh cr; total resources mobilisation to be Rs 22.84 lakh cr other than borrowing.

Fiscal deficit at 6.9 per cent of GDP in 2021-22, 6.4 per cent in 2022-23




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