Highlights of Budget 2023: 30 Skill India international centres to be set up

Union Finance Minister Nirmala Sitharaman on Wednesday rose in Parliament to present the Union Budget 2023 the first for Amirt KaalThis is the first Budget in Amrit Kaal she saidAlso readAhead of Budget 2023 rupee gains 12 paise to 8176 against US dollarHere are the key highlights of Union Budget 2023The Finance Minister said Indias economic growth estimated at 7 per centThis budget hopes to build on the foundation laid in the previous budget and the blueprint drawn for India at 100Indias growth at 7 pc in current fiscal highest among major economies Indian economy on right track Nirmala SitharamanThe economy is on the right track despite challenges and our focus on wideranging reforms helped us perform well in these trying timesThis budget hopes to build on foundation of previous budget and blue print for India100In 75th year of Independence world has recognised India as a bright starWe ensured that no one went hungry during pandemic by providing free foodgrains to 80 cr poor peopleIn times of global challenges G20 presidency gives us opportunity to strengthen Indias role in global orderGovt implementing scheme to supply free grains to poor under PMGKAY with expenditure of Rs 2 lakh cr from Jan 1Indian economy has increased in size from being 10th to 5th largest in last nine years FM SitharamanPer capita income has increased to Rs 197 lakhWe have made significant progress in many Sustainable Development GoalsGovt efforts since 2014 have ensured better quality of life for citizens of the countryThese times of global challenges give India unique opportunity to strengthen countrys role in world economic orderOur mission is to achieve knowledgedriven economyIndian economy has become more formalised as witnessed by significant enhancement in digital paymentsNational Rural Livelihood Mission has achieved remarkable success by mobilising rural women into 1 lakh SHGs96 cr LPG connections 220 cr Covid vax for 102 cr people given 478 cr JanDhan accounts openedLarge potential to be tapped in tourism promotion of tourism to be taken up in mission modeGreen growth efforts to help reduce carbon intensity create green job opportunitiesFour transformative opportunities can be used be in Amrit Kaal for enhancing economic empowermentDigital public infrastructure for agriculture will be built as open source open standard and interoperable public goodAgri accelerator fund will be set up to encourage agri startups in rural areasTo enhance yield of extra long staple cotton government will adopt a clusterbased and value chain approachGovt to launch a Rs 2200 crore Aatmanirbhar clean plan programmeGovt to support Hyderabadbased millet institute as centre of excellenceNational cooperative database is being created to map cooperative societiesAgriculture credit target increased to Rs 20 lakh cr for FY24 with focus on animal husbandry dairy and fisheriesFacilities in select ICMR labs will be made available for research by public and private medical facultiesNew program to promote research in pharmaceuticalsGovt plans to set up massive decentralised storage capacity to help farmersNational digital library for children and adolescents will be set up for facilitating quality booksPradhan Mantri Primitive Vulnerable Development Commission being launched Rs 15000 cr earmarked for next 3 years38800 teachers will be hired for Ekalavya Model Residential SchoolsGovt to provide Rs 5300 cr assistance to droughtprone central region of KarnatakaPM Awas Yojana outlay hiked by 66 pc to Rs 79000 crCapital investment outlay is being increased steeply for third year in a row to Rs 10 lakh croreIncreased capital outlay for infrastructure to crowd in private investmentCentre to continue 50year interestfree loans to state governments for one more yearNewly established infrastructure finance secretariat to assist all stakeholders in more private investmentExpert committee to be set up to make infrastructure classification and financing framework suitable for Amrit KaalEnhanced Capex of Rs 10 lakh cr for infra development is 33 pc of the GDPCapital outlay of Rs 240 lakh crore for railways fixed for 202324Capital outlay of Rs 24 lakh cr provided for Railways highestever allocation since 201314FM says states and cities will be encouraged to take up urban planning100 critical transport infrastructure projects have been identified for implementation Finance MinisterAll cities and towns will be enabled for 100 pc transition of sewers and septic tanks from manhole to machine hole modeCities will be encouraged to increase creditworthiness for municipal bondsFor enhancing ease of doing business more than 39000 compliances have been reduced over 3400 legal provisions decriminalizedGovt to create Urban Infrastructure Development Fund on lines of Rural Infrastructure Development Fund to be managed by NHBThree centres of excellence for artificial intelligence will be set up in top educational institutionsGovt to bring National Data Governance policy National Data Governance Policy will enable anonymised data KYC process will be simplified by adopting riskbased systemPAN will be used for common identifier for all digital systems of specified government agenciesOne stop solution for reconciliation and updating of identity of individuals to be establishedGovt to bring another dispute resolution scheme under Vivad Se Vishwas2 to settle commercial disputes100 labs for developing applications for 5G services will be set up in engineering institutionsGovt to provide RampD grant to one of the IITs to encourage indigenous production of labgrown diamonds in a bid to reduce importsCustoms duty on lab grown diamonds to be reducedGovt targeting 5 MT of Green Hydrogen production by 2030Budget provides for Rs 35000 cr for priority capital investment towards energy transition amp net zero objectiveGovt to spend Rs 10000 crore per year for urban infra development fundGovt to support setting up of battery energy storage of 4000 MwHGreen credit programme will be notified under the Environment Protection ActPM Pranam to be launched to incentivise states and UTs to use alternative fertilisersGreen credit programme will be notified to incentivise environmentally sustainable and responsible actions by companiesGovt to set up Gowardhan Scheme for promoting circular economy with total investment of Rs 10000 crGovt to facilitate 1 crore farmers to adopt natural farmingGovt to take up mangrove plantation along the coastline under the new MISHTI schemeGovt to promote conservation values through a scheme to encourage optimal use of wetlandsAllocating adequate funds for scrapping old polluting vehicles of govtPMPRANAM will be launched to incentivise states to promote alternative fertilisers30 Skill India international centres to be set upGovt to select 50 destinations through challenge mode to promote tourismPradhan Mantri Kaushal Vikas Yojna 40 will be launched to skill lakhs of youthState govts will be encouraged to set up Unity Mall for promotion and sale of one district one product items and GI productsRevamped credit guarantee scheme for MSMEs with infusion of Rs 9000 cr to be launched from April 1Govt to launch Dekho Apna Desh initiative to promote domestic tourism