- India a bright star, says FM
- Union Finance Minister Nirmala Sitharaman says this is the first budget in Amritkaal.
- An agriculture accelator fund to be set up to bring modern technology and increase productivity
- This will enable self help groups to reach next level of economic empowerment, said the FM
- Stress on agriculture
- The foll are the prio areas of this budget:
- Inclusive development
- Digital public infrastructure for agriculture
- Infrastructure, investment
- Unleashing potential
- Green growth
- Financial sector
- Compliances eased
- More than 39,000 compliance reduced
- More than 3,000 legle provision decriminalised
- Ease of doing business
- PAN will be used as common identifier for all digital systems of specified Govt agencies
- This is to push to Ease of Doing Business, said the FM.
- Thought for MSMEs
- In what could be a relief for MSMEs, the FM announce d that 95% of the forfeited amount will be returned to them by govt undertakings for contract failure during Covid.
- Education for tribal students
- The FM said that the Centre will recruit 38,800 teachers and support staff for 740 Eklavya Model residential schools serving 3.5 lakh tribal students
- Credit guarantee for MSME, revamped scheme will take effect from April 1, 2023 with infusion of Rs9,000 crore corpus. Cost of Credit to be reduced by 1%.