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A Glance Over Budget 2023-2024

profile picture sahithi reddy    Posted on 03 February 2023,  
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  • On 1st February 2023, Union Finance Minister Nirmala Sitharaman presented the annual Budget for the financial year 2023-24.
  • This is the last budget of the current government before the upcoming 2024 Lok Sabha Elections.
  • Swipe right to see a few highlights of the Budget 2023-24.
  • There will be a free supply of foodgrains to all priority households from 1st January 2023 for the next one year.
  • A total of 157 new nursing colleges will be established around the country.
  • The Agriculture Credit Target will be increased to over Rs. 20 Lakh Crore.
  • A National Digital Library will be established for the country’s youths.
  • The government will release new courses relating to medical devices to skill the youth
  • The Pradhan Mantri Awas Yoajana will outlay Rs. 79,000 Crore
  • The Government will increase its capital investment by 33% this year to Rs. 10 Lakh Crore
  • The Central Government will provide interest free loans to the State Governments for a period of 50 years
  • The Government will make a capital investment on Railways of over Rs. 2.40 Lakh Crore
  • The Urban Infrastructure Development fund to be around Rs. 10,000 Crore per annum which will be established in tier II and tier III cities of India
  • Three Artificial Intelligence related centers will be set up around the country to conduct research and promote cutting edge solutions
  • In order to get better air connectivity, 50 new airports will be set up around the country
  • For senior citizens, the maximum limit on fixed deposits have been raised from Rs. 15 Lakhs to Rs. 30 Lakhs
  • The income tax rebate has been increased to Rs. 7 Lakhs which means that those earning less than Rs. 7 Lakh per year are not required to pay the income tax.

What do you think about this year’s budget? Let us know in the comments section below! 

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