Budget 2023: Key highlights from FM Nirmala Sitharaman’s speech

Finance Minister Nirmala Sitharaman presented the Union Budget 2023. Here are the key highlights of the Budget… Finance Minister Nirmala Sitharaman presented the Union Budget 2023. Here are the key highlights of the Budget…

FM Sitharaman said the economy is growing the fastest among major economies FM Sitharaman said the economy is growing the fastest among major economies

According to Sitharaman, Indian economy has become the fifth-largest economy in the world in last nine years According to Sitharaman, Indian economy has become the fifth-largest economy in the world in last nine years

The FM highlighted 7 priorities of Budget 2023 saying "they compliment each other and act as Saptarishi guiding us through the Amrit Kaal." The FM highlighted 7 priorities of Budget 2023 saying "they compliment each other and act as Saptarishi guiding us through the Amrit Kaal."

Sitharaman raised the capital expenditure by 33% to Rs 10 trillion in 2023-24, extending a strategy adopted to revive growth in the aftermath of the Covid crisis… Sitharaman raised the capital expenditure by 33% to Rs 10 trillion in 2023-24, extending a strategy adopted to revive growth in the aftermath of the Covid crisis…

The allocation is higher than the Rs 7.5 trillion budgeted for in the previous year and the highest on record. The allocation is higher than the Rs 7.5 trillion budgeted for in the previous year and the highest on record.

The entire expenditure under the PM Garib Kalyan Anna Yojana is being borne by the Central government, for supplying free food grains for a year to all Antyodaya & priority households, said Sitharaman in her Budget speech. The entire expenditure under the PM Garib Kalyan Anna Yojana is being borne by the Central government, for supplying free food grains for a year to all Antyodaya & priority households, said Sitharaman in her Budget speech.

The FM announced an increase in agricultural credit target to Rs 20 lakh crore with a focus on animal husbandry, dairy and fisheries. The FM announced an increase in agricultural credit target to Rs 20 lakh crore with a focus on animal husbandry, dairy and fisheries.

An agriculture accelerator fund will be set up to encourage agri-startups by young entrepreneurs, FM Nirmala Sitharaman said in her Budget 2023 speech. An agriculture accelerator fund will be set up to encourage agri-startups by young entrepreneurs, FM Nirmala Sitharaman said in her Budget 2023 speech.

Sitharaman announced a 66% hike in the outlay for the Pradhan Mantri Aawas Yojana (PMAY) to Rs 79,000 crore. Sitharaman announced a 66% hike in the outlay for the Pradhan Mantri Aawas Yojana (PMAY) to Rs 79,000 crore.