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Finance Minister Nirmala Sitharaman is presenting the budget. He described Budget 2023 as the first budget of Amritkal and said that this budget will have 7 priorities. It is inclusive growth, last mile access, infra and investment, capacity expansion, green growth, youth power and financial sector.
10 big things of the budget
- The Center has increased the capital expenditure for infrastructure and development by 33 percent to Rs 10 lakh crore. It will be 3.3% of GDP.
- For the railway sector, the Finance Minister said that Rs 2.40 lakh crore will be spent on the railways. This is 9 times more than in 2013-2014.
- The Finance Minister said in the speech that under the leadership of the Modi government, the expenditure on the PM Awas Yojana has been increased by 66% to Rs 79,000 crore.
- 50 additional airports, heliports to be built for regional connectivity
- Finance Minister Nirmala Sitharaman said that the government will launch a sub-scheme under the PM Matsya Sampada Yojana, under which Rs 6,000 crore will be given to enable people involved in fisheries.
- Mahila Samman Savings Letter Scheme will be started. In this, women will get 7.5% interest on savings of 2 lakhs.
- Under the PVTG Development Mission, facilities will be created for tribals. 15,000 crore will be given in three years for housing, drinking water, education, nutrition, road, telecom connection, mission, 38,800 teachers and staff will be recruited for 740 model Eklavya schools.
- The Finance Minister said that Pradhan Mantri Kaushal Vikas Yojana 4.O will be started. 30 Skill India National Sectors will be opened to skill the youth for international opportunities.
- National Digital Library will be opened for health, education and skills. 157 nursing colleges will be opened, since 2014 57 medical colleges have been opened.
- 9000 crore will be given in loan-fund for MSME. In total, a loan of 2 lakh crore will be available. At the time of Covid, the government will pay 95% of the default of MSMEs.
