Budget 2023 PDF Summary
Dear readers, here we are offering the Budget 2023 PDF to all of you. Union Finance Minister Nirmala Sitharaman started presenting the country’s general budget (Aam Budget 2023). The Finance Minister said that the Indian economy is a shining star.
Making a big announcement, the Finance Minister said that till the income of 7 lakhs, no tax will be levied. Union Finance Minister Nirmala Sitharaman tried to please almost every section of the Budget 2023 pdf. The government opened the treasury for the salaried, elderly, and women.
Budget 2023 PDF India / Key Features of Budget 2023-24 PDF
The Budget goals for FY2022-23 aim to further India’s aspirations in Amrit Kaal, as it moves towards its 100th-year post-independence.
- Focus on growth and all-inclusive welfare
- Promoting technology-enabled development, energy transition, and climate action
- Virtuous cycle starting from private investment, crowded in by public capital investment
The Union Budget for FY 2022-23 this year aims to strengthen the infrastructure with its focus on four priorities:
- PM GatiShakti
- Inclusive Development
- Productivity Enhancement & Investment, Sunrise opportunities, Energy Transition, and Climate Action
- Financing of investments
The Union Budget website lists the Highlights of the FY 2022-23 Budget. The Press Information Bureau (PIB) website provides a summary of the Budget. The Productivity Linked Incentive in 14 sectors for achieving the vision of AtmaNirbhar Bharat has received an excellent response, with the potential to create 60 lakh new jobs, and an additional production of Rs 30 lakh crore during the next 5 years.
MSMEs & Industry
- Udyam, e-shram, NCS and ASEEM portals to be interlinked
- 130 lakh MSMEs provided additional credit under Emergency Credit Linked Guarantee Scheme (ECLGS)
- ECLGS to be extended up to March 2023
- Guarantee cover under ECLGS to be expanded by Rs.50000 Crore to the total cover of Rs.5 Lakh Crore
- Rs.2 lakhs Crore additional credit for Micro and Small Enterprises to be facilitated under the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE)
- Raising and Accelerating the MSME performance (RAMP) program with an outlay of Rs.6000 Crore to be rolled out
Providing Greater Fiscal Space to States
- The enhanced outlay for ‘Scheme for Financial Assistance to States for Capital Investment’ from Rs.10,000 crore in Budget Estimates to Rs.15,000 crore in Revised Estimates for the current year
- Allocation of Rs.1 lakh crore in 2022-23 to assist the states in catalyzing overall investments in the economy: fifty-year interest-free loans, over and above normal borrowings
- In 2022-23, States will be allowed a fiscal deficit of 4% of GSDP, of which 0.5% will be tied to power sector reforms
You can download the Budget 2023 PDF by clicking on the following download button.