Union Budget 2023: The Big Numbers Announced So Far

Union Budget 2023
Union Budget 2023

Union Budget 2023: ₹2.4 lakh crore for railways, the highest ever

Agricultural credit target increased to ₹ 20 lakh crore

Allocation for PM Awas Yojna increased by 66% to over ₹ 79,000 crore

Capital investment outlay to be raised by 33% to ₹ 10 lakh crore, to be 3.3% of GDP in fiscal 2024

Effective capital expenditure of centre to be ₹ 13.7 lakh crore

Fiscal deficit target for fiscal 2024 is 5.9%, aim to reduce it to 4.5% by 2025-26. Fiscal deficit for fiscal 23 in line with 6.4% target

157 new nursing colleges in core locations, mission to eliminate sickle cell anaemia by 2047

Rs 15,000 crore over next three years for safe housing, sanitation, drinking water, and electricity for scheduled tribes

All cities and towns will be enabled for 100 percent transition of sewers and septic tanks from manhole to machine hole mode

38,800 teachers will be hired for Ekalavya Model Residential Schools in next 3 years

3 centres for excellence for AI will be set up in top educational institutes with the goal “Make AI in India”, “Make AI Work For India”

Computerisation of 63,000 credit societies with ₹ 2,516 crore

100 labs to develop apps using 5g services to be set up in engineering institutions

Green Hydrogen Mission for reduced dependence on fossil fuel: ₹ 35,000 crore for energy transition to net-zero emission goals

Battery energy storage systems of 4000 MWh will be supported

For ease of doing business, 39,000 compliances reduced

30 Skill India international centres across different states will be set up

1 crore farmers will get assistance to adopt natural farming

100 critical transport projects — 50 additional airports, heliports, etc will be revived

For tourism, 50 destinations will be selected through challenge mode

Mahila Samman Savings Certificate will be made available for two years, deposits of up to 2 lakh at 7.5% interest

Senior citizens savings scheme cap increased from ₹ 15 lakh to ₹ 30 lakh

The revamped Credit Guarantee Scheme for MSME sector will take effect from April 1, 2023 with an infusion of ₹ 9,000 crore

Basic customs duty rates to be reduced from 21% to 13%

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