Union Budget- 2023 Highlights

Union Finance Minister Nirmala Sitharaman presented the Budget 2023-2024 in Parliament. These are the budget Highlights till now.

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Nirmala Sitharaman stated the growth rate of the country is developing rapidly. India's development has been recognized by world countries.

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Income tax limits increased from 5 lakhs to Rs.7 lakhs, so Tax exemption up to Rs.7 lakhs

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0 Lakhs -2. 5 lakhs Nil 2.5 lakhs - 5 Lakhs 5% (tax rebate u/s 87A is available) 5 Lakhs - 10 Lakhs 20% Above 10 Lakhs 30%

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INR 0-3 lakh Nil INR 3-6 lakh 5% INR 6-9 lakh 10% INR 9-12 lakh 15% INR 12-15 lakh 20% Above INR 15 lakh 30% *People earning INR 7 lakh annually are entitled for a rebate.

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She said like ‘SaptaRishi’, this year budget priority will be given to seven sectors.

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The Center has given good news for new home buyers. The funds for PM Awas Yojana Funds have increased by 66 percent this time compared to last year which is a total increase of Rs.79 thousand crores.

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Encouragement to small grain farmers through Shri Anna Scheme. The research will be conducted in Hyderabad. Allocation of Rs. 20 lakh crore for agricultural loans

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A new scheme of ‘Matsya Sampada Yojana’ on which 6 thousand crores are allocated.

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The Atmanirbar Bharat Clean plant scheme announced in the budget will help push green growth. Also a special fund for the development of agriculture start-ups

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Allocation of Rs. 2.4 lakh crores for Railways. Higher allocation of funds compared to 2013-14

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75 thousand crores for one hundred key infrastructure projects. An allocation of Rs.10 lakh crore for capital expenditure in this budget

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Recruitment of 38,800 teachers to Ekalavya schools.

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A total of 79 thousand crores has been allocated for PM Awas Yojana

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Interest-free loan scheme to states extended for another year i.e an amount of Rs. 13.7 lakh crores.

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A new scheme named Mission Karma Yogi Scheme through which the houses will be constructed for civil service employees.

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5MMT hydrogen manufacturing target by 2023. Allocation of Rs.20,700 crore for green energy in Ladakh

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2516 crores for National Collaborative Data Base.

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100 labs set up for designing and building 5G applications

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