Important Features of Budget FY 2023-24

Important Features of Budget 2023


  • Government capex on infrastructure has been increased by 33% to 10 lakh crore compared to last year.
  • All time high Capital outlay of Rs 2.4 lakh crore provided for the Railways.
  • Urban Infrastructure Development Fund (UIDF) of 10000 Cr will be set up to create urban infra for tier 1 and tier 2 cities
  • 100 transport infrastructure projects, for last and first mile connectivity of steel, coal, ports and food grain sector will be taken up with the investment of Rs 75,000 crore
  • 50 Years Interest free loan to states to spent on capital expenditure  
  • PMAY housing got an allocation of Rs 79000 cr for affordable housing
  • New Infrastructure Finance Secretariat will be set up for Private investment in Infra  


  • PM Pranam scheme to incentivize states to promote alternative fertilizers
  • Digital Public infrastructure for agriculture to enable inclusive farmer centric solution
  • Agriculture Accelerator fund of 20 lac crore to promote Agri start ups  
  • Targeted Agri credit funding of 20 trillion to dairy, fisheries and Animal husbandry sectors
  • Horticulture clean plant program   
  • 1 cr farmers to be supported to adopt natural farming, for this, 10,000 bio input resource centers & network for distributing micro fertilizer and pesticide manufacturing to be set up
  • Making India Global Hub for Millets “Sree Anna”


  • Increase to income tax rebate from 5 lacs to 7 lacs under new tax regime
  •  New cooperatives that commence manufacturing activity till March 2024 to attract lower tax rate of 15%

Social Economic

  • Implementationof scheme to supply free grains to poor under PMGKAY of 2 lac crores
  • PMPBGT Development mission to launched of 15000 cr to be implemented in next 3 years benefitting 3.5 lacs of tribals


    • 5 MMT under Green hydrogen mission and 35000 Rs crore outlay for energy security
    •  “Mangrove Initiative for shoreline Habitats & Tangible Incomes” MISHTI to be taken up for mangrove plantation along coastline


    • 157 New nursing colleges to be established
    • Sickle cell Anemia elimination mission to be launched


    • Setting up 100 labs for 5g Application for employment potential
    • Training of the youth on the need of industry
    • 30 Skill India International centre to be setup by Pradhan Mantri Kaushal Vikas Yojana.
    • National Digital Library to be setup
    • 3 centre of excellence for AI will be setup
    • DBT under PAN India National Apprenticeship Promotion.


    Vivad Se Vishwas – 95 per cent of performance security will be returned if MSME fails
    39,000 compliances reduced, 3,400 legal provisions decriminalized f
    The revamped Credit Guarantee Scheme for MSME with infusion of Rs. 9,000 crores.

    Women & Senior citizen

    Mahila Samman Savings Certificate will be introduced which allows savings up to 2 lakh for 2 years at 7.5%.

    The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from Rs 15 lakh to Rs 30 lakh

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