Finance Minister Nirmala Sitharaman on Wednesday, February 1, introduced the ultimate complete funds of the Narendra Modi executive ahead of the 2024 common elections. The Minister introduced a variety of latest tasks, revised source of revenue tax slabs and customs responsibility, and sops for agriculture and effort transition.
The Union Budget 2023-24 file additionally indexed the brand new allocations for core welfare schemes that force socio-economic construction. Right here’s a roundup of ways the budgetary allocations for one of the crucial key schemes have changed-
MGNREGS: The federal government slashed the funds for its flagship rural employment scheme, the Mahatma Gandhi Nationwide Rural Employment Ensure Scheme (MGNREGS) by means of just about 32% in comparison to the ₹89,400 revised estimate for the scheme within the present 12 months.
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The Mahatma Gandhi Nationwide Rural Employment Ensure Act (MGNREGA) was once handed in 2005 and geared toward bettering the livelihood safety of families in rural spaces. Below it, the MGNREGS is a demand-driven scheme that promises 100 days of unskilled paintings in step with 12 months for each and every rural family that desires it, protecting all districts within the nation excluding the ones with a 100% city inhabitants.
Meals Subsidies: The Centre has allotted a little bit above ₹2 lakh crore for the meals subsidy beneath the Nationwide Meals Safety Act (NFSA)- this contains price range for the Meals Company of India, price range for decentralised procurement of grains by means of State companies, and different logistical prices. Ranging from January 1, 2023, the Centre had made up our minds to supply 5 kg of unfastened foodgrains per 30 days to the 81.35 crore beneficiaries of the NFSA for three hundred and sixty five days ranging from January 2023, slightly than charging them a subsidised quantity of ₹3 a kg of rice, ₹2 a kg of wheat and ₹1 a kg of coarse cereal as is most often achieved.
It was once introduced in December that the federal government was once terminating the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), which had supplied an extra 5 kg of unfastened grains each and every month to NFSA beneficiaries after being introduced as an emergency measure in keeping with the COVID-19 pandemic in April 2020 and won more than one extensions since. In a standard 12 months, with out COVID disruptions, the Centre’s meals subsidy invoice because of the NFSA amounted to round ₹2 lakh crore, very similar to the newly-announced allocation, however the PMGKAY had successfully doubled that sum for the previous two years.
Jal Jeevan Undertaking: The Centre higher its budgetary allocation for the Jal Jeevan Undertaking (JJM) or the Nationwide Rural Consuming Water Undertaking by means of about 27% to ₹70,000 crore from the present 12 months’s revised estimates of ₹55,000. The Jal Jeevan Undertaking objectives to supply secure and good enough ingesting water thru particular person family faucet connections by means of 2024 to all families in rural India.
The Jal Shakti Ministry tweeted ultimate week that the federal government had supplied 11 crore rural families with a faucet water connection beneath the JJM scheme. Knowledge from the Ministry’s dashboard recommend that 56% of the focused 19.3 crore families have been lined.
The scheme has a complete monetary outlay of about ₹3.60 lakh crore, with the Centre investment 50% of the associated fee with States and Union Territories, excluding for Union Territories with out a legislature, the place it foots all the invoice, and northeastern and Himalayan States and Union Territories with legislatures, the place it price range 90% of the invoice.
Ayushman Bharat-PMJAY: The funds for the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PMJAY) — the nationwide public medical insurance fund, noticed an building up of about 12% at ₹7,200 crore in comparison to the ₹6,000 crore revised estimates for the present 12 months.
The Ayushman Bharat PM-JAY is a medical insurance scheme introduced in 2018, aiming to supply a well being duvet of Rs. 5 lakh in step with circle of relatives in step with 12 months for secondary and tertiary care hospitalization. It objectives to over 10.74 crore deficient and inclined households (or 50 crore beneficiaries) from the ground 40% of the Indian inhabitants. Union Well being Minister Mansukh Mandaviya had stated in December 2022, that 4.5 crore other folks had to this point been empanelled beneath the scheme.
PM-Kisan: The allocation for the High Minister’s Kisan Samman Nidhi (PM-KISAN) scheme was once the bottom in 5 years and remained the similar because the revised estimates for the present 12 months at ₹60,000 crore. PM-Kisan is a flagship Central scheme introduced in 2019 for money transfers ₹6,000 in step with 12 months to eligible farmer households in 3 instalments of ₹2,000 each and every.
Finance Minister Nirmala Sitharaman knowledgeable whilst presenting the Union Budget on Wednesday that the federal government has made money transfers totalling ₹2.2 lakh crore to round 11 crore farmers beneath the PM-Kisan scheme.
PM-POSHAN: The federal government has allotted the cheap of ₹11,600 crore to the Pradhan Mantri Poshan Shakti Nirman, or the rebranded model of the mid-day meal scheme for 2023-24. That is down 9.37% from the present 12 months’s revised estimates of ₹12,800.
In 2021, whilst renaming the mid-day meal scheme to offer sizzling cooked foods to 11.8 crore executive college scholars from Elegance 1 to eight, the Centre had additionally made up our minds to increase the scheme to 24 lakh kids learning in balvatikas, the pre-primary segment of presidency colleges from 2022-23.
Nationwide Training Undertaking: A complete of ₹38,965 crore was once allotted to the Nationwide Training Undertaking for 2023-24, up 19.44% from the ₹32,612 crore revised estimates for the present 12 months. The Undertaking is the umbrella scheme integrating primary education-related schemes so schooling will also be supplied holistically and with out segmentation from pre-primary to magnificence 12. It contains the Sarva Shiksha Abhiyan beneath the Proper to Training and schemes for secondary and better schooling as smartly the ones for instructor coaching and grownup schooling.
PMAY: The Centre allotted ₹79,590 crore to the Pradhan Mantri Awas Yojana (PMAY), up 3.19% from the present 12 months’s revised estimates and 66% from the funds estimates. The PMAY objectives at developing homes in each city and rural spaces. PMAY-Gramin (rural) was once initiated in November 2016 with a goal of finishing 2.7 crore homes and PMAY-City was once initiated in June 2015 with a goal of creating 1.2 crore properties.
Nationwide Social Help Program: The funds allocated ₹9,636 to the Nationwide Social Help Program (NSAP), which gives per thirty days pension help to the aged, widows, and individuals with disabilities.
Building of Scheduled Tribes and Scheduled Castes: The funds allotted ₹4,295 crore and ₹9,409 crore to the umbrella methods for the improvement of Scheduled Tribe and Scheduled Caste communities respectively. Whilst the ST construction allocation noticed a just about 10% building up, the SC programme investment rose by means of just about 22%, in comparison to the present 12 months’s revised estimates.