Page 53 - Banking Finance February 2023

BUDGET 2023

response to companies through centralized handling of nutrition, education, agriculture, water resources,
various forms filed with field offices under the financial inclusion, skill development, and basic
Companies Act. infrastructure.
The maximum deposit limit for Senior Citizen Savings Rs. 15,000 crore for implementation of Pradhan Mantri
Scheme to be enhanced from Rs 15 lakh to Rs 30 lakh. PVTG Development Mission over the next three years
under the Development Action Plan for the Scheduled
Targeted Fiscal Deficit to be below 4.5% by 2025-26.
Tribes.
Agriculture Accelerator Fund to be set-up to encourage
Investment of Rs. 75,000 crore, including Rs. 15,000
agri-startups by young entrepreneurs in rural areas.
crore from private sources, for one hundred critical
To make India a global hub for 'Shree Anna', the Indian
transport infrastructure projects, for last and first mile
Institute of Millet Research, Hyderabad will be
connectivity for ports, coal, steel, fertilizer, and food
supported as the Centre of Excellence for sharing best
grains sectors.
practices, research and technologies at the
New Infrastructure Finance Secretariat established to
international level.
enhance opportunities for private investment in
Rs. 20 lakh crore agricultural credit targeted at animal infrastructure.
husbandry, dairy and fisheries
District Institutes of Education and Training to be
A new sub-scheme of PM Matsya Sampada Yojana with developed as vibrant institutes of excellence for
targeted investment of Rs. 6,000 crore to be launched Teachers' Training.
to further enable activities of fishermen, fish vendors,
A National Digital Library for Children and Adolescents
and micro & small enterprises, improve value chain
to be set-up for facilitating availability of quality books
efficiencies, and expand the market.
across geographies, languages, genres and levels, and
Digital public infrastructure for agriculture to be built device agnostic accessibility.
as an open source, open standard and inter operable
Rs. 5,300 crore to be given as central assistance to
public good to enable inclusive farmer centric solutions
Upper Bhadra Project to provide sustainable micro
and support for growth of agri-tech industry and start-
irrigation and filling up of surface tanks for drinking
ups.
water.
Computerisation of 63,000 Primary Agricultural Credit
'Bharat Shared Repository of Inscriptions' to be set up
Societies (PACS) with an investment of Rs. 2,516 crore
in a digital epigraphy museum, with digitization of one
initiated.
lakh ancient inscriptions in the first stage.
Massive decentralised storage capacity to be set up to
'Effective Capital Expenditure' of Centre to be Rs. 13.7
help farmers store their produce and realize
lakh crore.
remunerative prices through sale at appropriate times.
Continuation of 50-year interest free loan to state
Sickle Cell Anaemia elimination mission to be launched. governments for one more year to spur investment in
Joint public and Private Medical research to be infrastructure and to incentivize them for
encouraged via select ICMR labs for encouraging complementary policy actions.
collaborative research and innovation. Encouragement to states and cities to undertake urban
New Programme to promote research in planning reforms and actions to transform our cities
Pharmaceuticals to be launched. into 'sustainable cities of tomorrow'.

Rs. 10 lakh crore capital investment, a steep increase Transition from manhole to machine-hole mode by
of 33% for third year in a row, to enhance growth enabling all cities and towns to undertake 100 percent
potential and job creation, crowd-in private mechanical desludging of septic tanks and sewers.
investments, and provide a cushion against global iGOT Karmayogi, an integrated online training
headwinds. platform, launched to provide continuous learning
Aspirational Blocks Programme covering 500 blocks opportunities for lakhs of government employees to
launched for saturation of essential government upgrade their skills and facilitate people-centric
services across multiple domains such as health, approach.

BANKING FINANCE | FEBRUARY | 2023 | 47