What's New

Budget 2023: Vulnerable groups and Investment

 1 Reaching the Last Mile- Socially and Economically Vulnerable groups

 Aspirational Blocks Programme 

• The Program covers 500 blocks for saturation of essential government services across multiple domains such as health, nutrition, education, agriculture, water resources, financial inclusion, skill development, and basic infrastructure.
• The program is parallel with Aspirational Districts Programme (ADP) which aims to quickly and effectively transform 112 most under-developed districts across the country.

Pradhan Mantri PVTG Development Mission

• The Program will immerse PVTG families and habitations with basic facilities such as safe housing, clean drinking water and sanitation, improved access to education, health etc.
• An amount of 15,000 crore will be made available to implement the Mission in the next three years under the Development Action Plan for the Scheduled Tribes.

Eklavya Model Residential School 

• In the next three years, centre will recruit 38,800 teachers and support staff for the 740 Eklavya Model Residential Schools, serving 3.5 lakh tribal students.

PM Awas Yojana

• The outlay for PM Awas Yojana is being enhanced by 66 per cent to over 79,000 crores.

Support for poor prisoners 

• For poor persons who are in prisons and unable to afford the penalty or the bail amount, required financial support will be provided.

2 Infrastructure and Investment

Capital Investment

• Capital investment outlay is being increased steeply for the third year in a row by 33 per cent to 10 lakh crores, which would be 3.3 percent of GDP.
• This substantial increase in recent years is central to the government’s efforts to enhance growth potential and job creation, crowd-in private investments, and provide a cushion against global headwinds.

Effective Capital Expenditure (Direct capital investment + Grants-in-Aid to States)

• The Effective Capital Expenditure of the Centre is budgeted at 13.7 lakh crore, which will be 4.5 per cent of GDP.

Private investment in Infrastructure

• The newly established Infrastructure Finance Secretariat will assist all stakeholders for more private investment in infrastructure, including railways, roads, urban infrastructure and power, which are predominantly dependent on public resources.

Railways

• A capital outlay of 2.40 lakh crore has been provided for the Railways. This highest ever outlay is about 9 times the outlay made in 2013-14.

Regional Connectivity

• Fifty additional airports, heliports, water aerodromes and advance landing grounds will be revived for improving regional air connectivity.

Urban Infrastructure Development Fund

• An Urban Infrastructure Development Fund (UIDF) will be established through use of priority sector lending shortfall.
• This will be managed by the National Housing Bank, and will be used by public agencies to create urban infrastructure in Tier 2 and Tier 3 cities.
• States will be encouraged to leverage resources from the grants of the 15th Finance Commission, as well as existing schemes, to adopt appropriate user charges while accessing the UIDF