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Economy, Schemes & Policies
Mahesh

03/02/23 09:25 AM IST

Scheme launched in the Budget 2023-24

In News
  • The Finance Minister of India introduced the last full-fledged Union Budget (for 2023-24) before the Lok Sabha elections of 2024.
Scheme launched by the Govt
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.
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.
  • 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.
  • An Urban Infrastructure Development Fund (UIDF) will be established through use of priority sector lending shortfall.
  • UIDF will be managed by the National Housing Bank, and will be used by public agencies to create urban infrastructure in Tier 2 and Tier 3 cities.
  • Rs 10,000 crore on a yearly basis will be allocated for this purpose.
  • An Entity DigiLocker will be set up for use by MSMEs, large business and charitable trusts for storing and sharing documents online securely, whenever needed, with various authorities, regulators, banks and other business entities.
  • 100 labs for developing applications using 5G services will be set up in engineering institutions to realise a new range of opportunities, business models, and employment potential.
  • The labs will cover, among others, applications such as smart classrooms, precision farming, intelligent transport systems, and healthcare apps.
  • 500 new ‘waste to wealth’ plants under GOBARdhan scheme will be established to promote Circular Economy (200 compressed biogas (CBG) plants and 300 community/cluster-based plants). Total Investment - Rs 10,000 crore.
  • Over the next 3 years, the Centre will facilitate 1 crore farmers to adopt natural farming by setting up 10,000 Bio-Input Resource Centres, creating a national-level distributed micro-fertilizer and pesticide manufacturing network.
  • In 2022, the credit guarantee scheme for MSMEs was revamped and will take effect from 1st April 2023 through infusion of Rs 9,000 crore in the corpus.
  • To commemorate Azadi Ka Amrit Mahotsav, a one-time new small savings scheme, Mahila Samman Savings Certificate, will be made available for a two-year period up to March 2025.
  • This will offer deposit facility upto Rs 2 lakh in the name of women or girls (fixed interest rate of 7.5%) with partial withdrawal option.
Source- PIB

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