1. BUILDING A BRIGHTER
FUTURE: INDIA'S 2023-24
UNION BUDGET -
INFRASTRUCTURE
By- Bhumik Patel, Chaahat Tiwari and Sagar Patel
2. Sector Plan
An ambitious plan
Green initiatives
Aim
Incentives
Pick and Shovel Sector
Roads, bridges, railways,
airports, and other public
services
33% hike than last FY
Introduction to the sector and
government's plan
3. Investment in Infrastructure
Investment increase third year in a row. This year
rise is by 33% and is now 3.3% of the G.D.P
Continuation of Interest free loan to state
government (50-year loans) estimated at 1.3 lakh
crores
Newly established finance secretariat
Rs. 2.40/- lakh crores for railways
100 critical transport infrastructure for last-mile
connectivity estimated at 75,000 crores
50 additional Airports, Aerodromes, Heliports, and
advanced landing grounds.
PM Awas Yojana and PM Gati Shakti Yojna
4. Service Team Contact
Green Initiatives and Sustainability
Sustainable cities of tomorrow
Property tax governance reforms and ring fencing user charges for urban infrastructure, will help in
creating credit worthiness for municipal bonds
Like R.I.D.F an Urban Infrastructure development fund will be established for tier 2 and 3 cities
States will be encouraged to leverage resources from the grants of the 15th Finance commission as
well as existing schemes to adopt appropriate use of charges while accessing the U.I.D.F (Rs. 10,
000/- crore) by National Housing Bank
100% mechanical desludging of septic tanks and sewers
5. Service Team Contact
Green Initiatives and Sustainability
Ministry of New and Renewable Energy has received a budgetary allocation of ₹10,222/- crore,
a 45% hike from the ₹7,033 crore
Allocation for solar power expected to be supplied to the grid has been raised to ₹4,970 crore,
up from the ₹3,469/- crore expected to be spent by March 2023
The National Green Hydrogen Mission – a ₹19,000/- crore programme to produce, use and
supply hydrogen from renewable energy sources – has been allotted ₹297 crore
6. Digital Infrastructure
Digital Public Infrastructure for agriculture will be built, “as an open source, open standard and
inter operable public good
National Digital Library (digital epigraphy museum)
DigiLocker for individuals & Entity DigiLockers for MSMEs, Large businesses and Charity Trusts
National Data Governance Policy
7. 10
The initiatives collectively highlight how 'amrit
manthan' will propel Bharat's march towards the
development of its people's capability and the
competitiveness of its industry, while
showcasing India as a globally responsible
nation.
Conclusion
