The union budget 2022-23 lays emphasis on four areas, the FY 2022–23 seeks to improve the infrastructure.
- GatiShakti, PM
- National Development
- Sunrise prospects, energy transition, climate policy, and productivity improvement
- investing in financing
Giving states more financial liberty
- Increased expenditure for the current year’s “Scheme for Financial Assistance to States for Capital Investment” from Rs. 10,000 crore to Rs. 15,000 crore in the revised estimates
- Allocation of Rs. 1 lakh crore in 2022–23 to help the states spur economic growth: fifty-year interest-free loans on top of regular borrowings
- States will be permitted a budget deficit in 2022–2023 of 4% of the GSDP, of which 0.5% will be related to changes in the electricity sector.
Agriculture and related industries
- Direct payments of Rs. 2.37 lakh crore were made to 1.63 crore farmers to purchase wheat and paddy.
- no chemicals To encourage organic farming throughout the county. Farmers’ holdings in 5 Km broad riverside corridors are the initial emphasis.
- NABARD will facilitate a fund with blended capital to assist agricultural and rural businesses.
- “Kisan Drones” for crop evaluation, digitizing land data, and applying fertilizers and pesticides
Interlinking of the MSMEs & Industry Udyam
- Under the Emergency Financing Linked Guarantee Scheme (ECLGS), 130 lakh MSMEs received additional credit. The ECLGS would continue till March 2023.
- ECLGS’s guarantee cover will increase by Rs. 50000 crores, providing a total of Rs. 5 lakh crore.
- Under the Loans Guarantee Trust for Micro and Small Enterprises (CGTMSE) Raising and Accelerating MSME performance (RAMP) initiative, an extra Rs. 2 lakh crore in credit would be made available for M&S companies, with a planned rollout of Rs. 6000 crore.
- To develop the National Tele Mental Health Program, an open platform for the National Digital Health Ecosystem, which will provide high-quality mental health counseling and treatment services.
- With NIMHANS serving as the nodal center and the International Institute of Information Technical-Bangalore (IIITB) providing technical assistance, a network of 23 tele-mental health centers of excellence would be established.