Budget 2023 or rather the Union Budget 2023-24 will be presented in the Lok Sabha. Union Finance Minister Nirmala Sitharaman will present the budget in the Lok Sabha on February 1 at 11 am. At present, the brainstorming on the budget is going on in the final stage.
New Delhi:
Budget 2023 or say Union Budget 2023-24 (Budget 2023-24) will be introduced in the Lok Sabha. Union Finance Minister Nirmala Sitharaman will present the budget in the Lok Sabha on February 1 at 11 am. At present, the brainstorming on the budget is going on in the final stage. According to information received from sources, the special focus of Budget 2023 may be on agriculture and rural India. Assembly elections are going to be held in 9 states this year. In such a situation, the government has a special eye on the agriculture sector and rural India. It is noteworthy that general elections are going to be held in 2024.
It is being said that in this budget, Finance Minister Nirmala Sitharaman can make important announcements for the agriculture sector and rural India. According to sources, the budget for the agriculture sector can be increased.
Let us tell you that in the last budget, 1.32 lakh crore was allocated for the agriculture sector. According to sources, in this budget, it is being considered to increase the allocation for the schemes of the agriculture sector to 2-lakh crores. In view of the economic pressure in the agriculture sector and rural India, the idea is to increase the allocation for schemes like PM-KISAN scheme, MNREGA.
Apart from this, the proposal to increase the budget for Pradhan Mantri Awas Yojana-Gramin is also being considered. 2023 is being celebrated as the International Year of Millets. In such a situation, there can be a special focus on increasing the production of millet in the budget.
According to government data, despite efforts, the inflation rate in rural India in December 2022 was 6.05 percent, which is higher than normal. Due to this the demand in rural India is still weak.