Schemes introduced in Budget 2023: In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman announced many schemes that will benefit various sectors and individuals in the country. Here is a list of all the schemes announced in Budget 2023.

1. PM Vishwakarma Kaushal Samman (PM VIKAS)

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

In order to motivate traditional artisans and craftspeople who create art and handicraft, the government has launched PM Vishwakarma Kaushal Samman (PM VIKAS). Under this scheme the artisans and craftspeople will be given assistance to improve the quality, scale and reach of their products, integrating them with the Micro, Small & Medium Enterprises (MSME) value chain.

PM Vishwakarma Kaushal Samman (PM VIKAS): Benefits under the scheme provided by government

- Financial support

- Advanced skill training

- Knowledge of modern digital techniques

- Efficient green technologies

- Brand promotion

- Linkage with local and global markets

- Digital payments,

- Social security

Also Read: Buy BEL shares, price target Rs 125: ICICI Securities

PM Vishwakarma Kaushal Samman (PM VIKAS): Who will be benefitted?

Scheduled Castes, Scheduled Tribes, OBCs, women and people belonging to the weaker sections.

2. Atmanirbhar Horticulture Clean Plant Programme

In order to boost the horticulture segment, Finance Minister Nirmala Sitharaman has introduced Atmanirbhar Horticulture Clean Plant Programme. This scheme will help in making available disease-free, quality planting material for high-value horticultural crops at an outlay of Rs 2,200 crore.

3. Pharma Innovation Programme

To promote research and innovation in the pharmaceutical industry the government will encourage industry to invest in research and development in specific priority areas.

4. Aspirational Districts and Blocks Programme

Building on the success of the Aspirational Districts Programme which aimed to quickly and effectively transform 112 most under-developed districts across the country, the Government has recently launched the Aspirational Blocks Programme covering 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.

5. Pradhan Mantri PVTG Development Mission

Supporting the financial health of the particularly vulnerable tribal groups or PVTGs, the government introduced the Pradhan Mantri PVTG Development Mission and allotted Rs 15,000 crore to implement the Mission in the next three years under the Development Action Plan for the Scheduled Tribes.

This scheme aims to facilitate families and habitations of PVTG with basic facilities such as safe housing, clean drinking water and sanitation, improved access to education, health and nutrition, road and telecom connectivity, and sustainable livelihood opportunities.

Under this scheme in the next three years the Government will recruit 38,800 teachers and support staff for the 740 Eklavya Model Residential Schools, serving 3.5 lakh tribal students.

6. Green Credit Programme

Aiming for an environmentally conscious lifestyle, the government announced to incentivise environmentally sustainable and responsible actions by companies and help mobilize additional resources for such activities. The programme aims to encourage climate-conscious action from one and all to collectively reduce carbon footprints.

7. PM PRANAM Yojana

PM Pranam to be launched to incentivise states and Union Territories to use alternative fertilisers and balanced use of chemical fertilisers.

8. Amrit Dharohar

The Amrit Dharohar scheme will be implemented over the next three years to encourage the optimal use of wetlands and enhance biodiversity, carbon stock, eco-tourism opportunities and income generations for local communities. The government through this scheme will promote local communities on their unique conservation values.

9. Mahila Samman Bachat Patra or Mahila Samman Saving Certificate

To empower the women, the government introduced a small savings scheme called ‘Mahila Samman Saving Certificate’. Under this a woman or girl can deposit Rs 2 lakh for a period of two years at a fixed rate of 7.5 per cent, which is much higher than most bank fixed deposits.

Click here to get more stock market updates I Zee Business Live