The Union Budget for 2023-24 aims to strengthen India's economy and support its vision for the "Amrit Kaal" period leading up to 2047. It outlines 7 priorities to guide the country and identifies opportunities to empower women, promote entrepreneurship, boost tourism, and support green growth. Key initiatives include expanding agriculture infrastructure and credit, developing fisheries and tribal groups, improving health, education and rural development, and increasing housing and infrastructure spending while narrowing the fiscal deficit.

1. BUDGET GIVEN BY HONOURABLE FINANCE
MINISTER OF INDIA ;
NIRMALA SITHARAMAN

2. VISION
• The Vision for 'Amrit Kaal' articulated in the Union Budget for FY 2023-24 is
centered around:

3. 7-PRIORITIES;AMRIT KAAL
• Termed Saptarishi, adopted in the Union Budget for FY 2023-24 to guide the country towards
'Amrit Kaal’,
• Providing a blueprint for an empowered and inclusive economy, are:

4. AZADI KA AMRIT MAHOTSAV
• The Union Budget for FY 2023-24 this year aims to further strengthen India's economic
status.
• The 75th Year of India's Independence,
• The World has recognized the Indian Economy as a 'bright star' with its Economic
Growth estimated at 7 per cent
• which is the highest among all major economies.
• The Budget identifies 4 transformative opportunities to be leveraged before reaching India@100:
• Economic Empowerment of Women through SHGs
• PM VIshwakarma KAushal Samman (PM VIKAS)
• Tourism Promotion in Mission Mode
• Green Growth

5. INCLUSIVE DEVELOPMENT;

6. AGRICULTURE AND COOPERATION
• Digital Public Infrastructure for agriculture…
• Agriculture Accelerator Fund to be set-up to encourage agri-startups by young
entrepreneurs in rural areas
• Enhancing productivity of cotton crop
• Atmanirbhar Horticulture Clean Plant Program
• Globel Hub for Millets; ‘ Shree Anna’
• Sitharaman also announced spending RS.2200 crores for the horticulture sector
• Agriculture Credit –Target RS.20 laks crores

7. AGRICULTURE AND COOPERATION
• PM Matsya Sampada Yojana- Targeted investment of RS.6000 Crore
• New ministry of cooperation was formed with a mandate to realise the vision of ‘Sahakar
Se Samriddhi’
• Computerisation of 63,000 Primary Agriculture Credit Society(PACS)
with invest of RS.2,516 crore formulated enabling them to become
multipurpose society…..
• A National cooperative database is being prepared for country wide
mapping of cooperative societies,
• Setup Massive Decentralised storage capacity……

9. HEALTH
• 157 new nursing colleges will be established in co-location with the existing 157 medical colleges
established since 2014.
• A Mission to eliminate Sickle Cell Anaemia by 2047 will be launched.
•

11. REACHING THE LAST MILE
• New ‘Aspirational Blocks Programme’:
• Building on the success of the Aspirational Districts Programme, the Aspirational
Blocks Programme was recently launched covering 500 blocks.
• It is aimed at improving the performance of areas across multiple domains such
as health, nutrition, education, agriculture, water resources, financial inclusion,
skill development, and basic infrastructure.

12. PM PVTG DEVELOPMENT MISSION
• To improve socio-economic conditions of the Particularly Vulnerable Tribal
Groups (PVTGs), Pradhan Mantri PVTG Development Mission will be launched.
• An amount of Rs 15,000 crore will be made available to implement the Mission in
the next 3 years under the Development Action Plan for the Scheduled Tribes.
• The Centre will also recruit 38,800 teachers and support staff for the 740 Eklavya
Model Residential Schools, serving 3.5 lakh tribal students.

13. WATER FOR DROUGHT PRONE REGION:
• In the drought prone central region of Karnataka, central assistance of Rs 5,300 crore will be
given to the Upper Bhadra Project to provide sustainable micro irrigation and filling up of surface
tanks for drinking water

14. OTHER INITIATIVES
• The outlay for PM Awas Yojana is being enhanced by 66% to over Rs 79,000 crore.
• A ‘Bharat Shared Repository of Inscriptions (Bharat SHRI)’ will be set up in a digital epigraphy
museum, with digitization of 1 lakh ancient inscriptions in the first stage.

15. BUDJET ESTIMATES 2023-24
• The total receipts other than borrowings is estimated at Rs 27.2 lakh crore
and the total expenditure is estimated at Rs 45 lakh crore.
• The net tax receipts are estimated at Rs 23.3 lakh crore.
• The fiscal deficit is estimated to be 5.9 per cent of GDP.
• To finance the fiscal deficit in 2023-24, the net market borrowings from
dated securities are estimated at Rs 11.8 lakh crore.
• The gross market borrowings are estimated at Rs 15.4 lakh crore.
• Govt plan to reduce the FISCAL DEFICIT to below 4.5% by 2025-26….