Budget 2023: Made cash transfer of Rs 2.2 lakh cr under PM-KISAN scheme, FM Nirmala Sitharaman says

Budget 2023: The government made cash transfer of Rs 2.2 lakh crore under the PM-KISAN scheme, Finance Minister Nirmala Sitharaman said on Wednesday.

Presenting the last full Budget of the second term of the BJP-led NDA government ahead of the general elections in 2024, she said the mission of the government is to achieve knowledge-driven economy.

She further said Indian economy has become more formalised as witnessed by significant enhancement in digital payments.

Institutional credit in agriculture sector grew as much as Rs 18.6 lakh crore in FY22 from Rs 15.8 lakh crore in FY21.

Initiatives such as PM-KSIAN, PM-Fasal Bima Yojana and forming agriculture infrastructure fund have provided much needed support to the sector.

At the same time the role of digital infrastructure in socio-economic development has gathered increased importance and India positioned itself strongly as a knowledge hub.

The focus of digital India programme rests on providing high speed internet as a core utility to citizens for delivering services, creating unique digital identity, providing shareable private space on public cloud (digitally store certificate and documents).

Also Read: Budget 2023: FM Nirmala Sitharaman announces package for "Vishwakarma" artisans; move to integrate them with MSME value chain

Meanwhile, Indian equity benchmarks Sensex and Nifty50 built on their intraday gains as Finance Minister Nirmala Sitharaman rose to present the Budget in Parliament. This Budget, the first in Amritkal, is a blueprint for the next 25 years, said Sitharaman in her Budget speech. The Indian economy is estimated to expand seven per cent despite a slowdown across the world, the finance minister added.