(GIST OF KURUKSHETRA) Visionary Budget for Making India a Developed Nation : MARCH -2023

(GIST OF KURUKSHETRA) Visionary Budget for Making India a Developed Nation

(MARCH-2023)

Visionary Budget for Making India a Developed Nation

Introduction

The Union Budget of 2023-24 is the first budget of Amrit Kaal that aims to transform India into a developed country.
The emphasis has been laid on promoting the agriculture sector by linking agriculture with modern practices in order to provide extensive benefits to farmers and those engaged in agriculture and allied activities.

Budgetary Provision for Agriculture and Allied Sector:

The total budgetary allocation of the Ministry of Agriculture and Farmers’ Welfare is Rs. 1.25 lakh crore.
The credit target of Animal Husbandry, Dairy, and Fisheries has also increased to 20 lakh crore.
A substantial increase has been made in the Digital Agriculture mission and Rs. 450 crores has been allocated for it. Notably, it’s a huge increase from Rs 70 crores in 2022-23.
Moreover, digital infrastructure will be created to promote the agri-tech industry and start-ups and develop farmer-centric solutions.
Rs. 2516 crores investment has been proposed to initiate the computerization of 63000 Primary Agricultural Credit Societies.
To promote natural farming, approximately Rs 460 crores have been allotted. The government will encourage one crore farmers to adopt natural farming and for this 10000 bio-input resource centres will be established at the national level.
Around 23000 crores have been allocated in Budget 2023-24 to enable farmers to continue availing the benefits through Kisan Credit Cards (KCC).
A targeted investment of Rs 6000 crores will be made through a sub-scheme Pradhan Mantri Matsya Sampada Yojana.
Ten thousand new Farmer Producer Organizations will be established in India and Rs. 955 crores has been proposed.
For food and nutritional security, budgetary allocations have increased to Rs 1623 crores.
Rs 60000 crores have been sidelined for PM Kisan Samman Nidhi.
Rs 500 crores have been set aside for agriculture startups for the next five years.
The budget provision for agriculture has increased from Rs. 1100 crore to 1800 crore
The Atmanirbhar Clean Plant Programme will be launched with an outlay of 2,200 crores (in the next 7 years till 2030) to boost the availability of disease-free, quality planting material for high-value horticultural crops.
500 new waste-to-wealth plants will be established to promote a circular economy at an investment of Rs 10,000 crore under the GOBARdhan scheme.
A provision of Rs. 5300 crores have been made for Bhadra Project to provide sustainable micro irrigation and to fill up surface drinking water tanks.
Agriculture Infrastructure Fund and Fasal Bima Yojana are also benefiting farmers and their coverage has also increased.