Union budget 2022-23

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.

 

Health

  • 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.

 

Leave a Reply

Your email address will not be published.

Scroll to top