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Writer's pictureNaman Runwal

Key Highlights of Union Budget 2023-24: PART C

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PART C


  • Aspirational Blocks Programme covering 500 blocks launched for saturation of essential government services across multiple domains such as health, nutrition, education, agriculture, water resources, financial inclusion, skill development, and basic infrastructure.

  • Rs. 15,000 crore for implementation of Pradhan Mantri PVTG Development Mission over the next three years under the Development Action Plan for the Scheduled Tribes.

  • Investment of Rs. 75,000 crore, including Rs. 15,000 crore from private sources, for one hundred critical transport infrastructure projects, for last and first mile connectivity for ports, coal, steel, fertilizer, and food grains sectors.

  • New Infrastructure Finance Secretariat established to enhance opportunities for private investment in infrastructure.

  • District Institutes of Education and Training to be developed as vibrant institutes of excellence for Teachers' Training.

  • A National Digital Library for Children and Adolescents to be set-up for facilitating availability of quality books across geographies, languages, genres and levels, and device agnostic accessibility.

  • Rs. 5,300 crore to be given as central assistance to Upper Bhadra Project to provide sustainable micro irrigation and filling up of surface tanks for drinking water.

  • 'Bharat Shared Repository of Inscriptions' to be set up in a digital epigraphy museum, with digitization of one lakh ancient inscriptions in the first stage.

  • 'Effective Capital Expenditure' of Centre to be Rs. 13.7 lakh crore.

  • Continuation of 50-year interest free loan to state governments for one more year to spur investment in infrastructure and to incentivize them for complementary policy actions.

  • Encouragement to states and cities to undertake urban planning reforms and actions to transform our cities into 'sustainable cities of tomorrow'.

  • Transition from manhole to machine-hole mode by enabling all cities and towns to undertake 100 percent mechanical desludging of septic tanks and sewers.

  • iGOT Karmayogi, an integrated online training platform, launched to provide continuous learning opportunities for lakhs of government employees to upgrade their skills and facilitate people-centric approach.

  • More than 39,000 compliances reduced and more than 3,400 legal provisions decriminalized to enhance Ease Of Doing Business.

  • Jan Vishwas Bill to amend 42 Central Acts have been introduced to further trust-based governance.

  • Three centres of excellence for Artificial Intelligence to be set-up in top educational institutions to realise the vision of “Make AI in India and Make AI work for India”.

  • National Data Governance Policy to be brought out to unleash innovation and research by start-ups and academia.

  • One stop solution for reconciliation and updation of identity and address of individuals to be established using DigiLocker service and Aadhaar as foundational identity.

  • PAN will be used as the common identifier for all digital systems of specified government agencies to bring in Ease of Doing Business.

  • 95 per cent of the forfeited amount relating to bid or performance security, will be returned to MSME's by government and government undertakings in cases the MSME's failed to execute contracts during Covid period.

  • Result Based Financing to better allocate scarce resources for competing development needs.



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