02/02/2024
INTERIM BUDGET 2024: Key highlights for UPSC Prelims exam
1. HOUSING
— Government will launch a scheme to help deserving sections of the middle class “living in rented houses, or slums, or chawls and unauthorized colonies” to buy or build their own houses.
— ROOFTOP SOLARIZATION— one crore households will be enabled to obtain up to 300 units free electricity every month.
— PM AWAS YOJANA (Grameen): 2 Cr. more houses will be taken up in the next 5 Yrs to meet the requirement arising from increase in the number of families.
2. HEALTH
— Vaccination for girls in age group of 9 to 14 years for prevention of cervical cancer.
— Upgradation of anganwadi centres under “Saksham Anganwadi and Poshan 2.0” will be expedited.
— U-WIN platform for managing immunization and intensified efforts of Mission Indradhanush will be rolled out expeditiously.
— Extension of healthcare cover under Ayushman Bharat scheme to all ASHA workers, Anganwadi Workers and Helpers.
3. AGRICULTURE AND RELATED SECTORS
— Application of *Nano DAP* on various crops will be expanded in all agro-climatic zones.
— A strategy will be formulated to achieve ‘atmanirbharta’ for oil seeds. Focussed oil seeds: mustard, groundnut, sesame, soybean, and sunflower.
— A comprehensive programme for supporting dairy farmers will be formulated. The success of existing schemes such RASHTRIYA GOKUL MISSION, NATIONAL LIVESTOCK MISSION, and INFRASTRUCTURE DEVELOPMENT FUNDS for dairy processing and animal husbandry will act as guiding light for such a programme.
— Implementation of PRADHAN MANTRI MATSYA SAMPADA YOJANA (PMMSY), according to the speech, will be stepped up to:
“(1) enhance aquaculture productivity from existing 3 to 5 tons per hectare,
(2) double exports to 1 lakh crore and
(3) generate 55 lakh employment opportunities in near future.”
— 5 integrated aquaparks will be setup.
4. WOMEN
— “83 lakh SHGs with 9 crore women are transforming rural socio-economic landscape with empowerment and self-reliance”, said the Finance Minister.
— The government aims to enhance the target for Lakhpati Didi from 2 crore to 3 crore.
5. YOUTH AND TECHNOLOGY
— For the tech savvy youth — A corpus of rupees one lakh crore will be established with fifty-year interest free loan.
— A NEW SCHEME will be launched for strengthening DEEP-TECH TECHNOLOGIES FOR DEFENCE purposes and expediting ‘atmanirbharta’.
6. INFRASTRUCTURE DEVELOPMENT
— The outlay for the NEXT YEAR is being increased by 11.1% to eleven lakh, eleven thousand, one hundred and eleven crore rupees (` 11,11,111 crore). This would be 3.4 per cent of the GDP.
— THREE MAJOR ECONOMIC RAILWAY CORRIDOR PROGRAMMES will be implemented. These are:
1. energy, mineral and cement corridors,
2. port connectivity corridors, and
3. high traffic density corridors.
— The projects have been identified under the PM GATI SHAKTI for enabling multi-modal connectivity.
— Expansion of Metro and NaMO Bharat will be supported in large cities focusing on transit-oriented development.
7. ENVIRONMENT AND GREEN ENERGY
— Viability gap funding (VGF) will be provided for harnessing offshore wind energy potential.
— Coal gasification and liquefaction capacity of 100 MT will be set up by 2030.
— Phased MANDATORY BLENDING of compressed biogas (CBG) in compressed natural gas (CNG) for transport and piped natural gas (PNG) for domestic purposes will be mandated.
— Electric Vehicle Ecosystem– Support to manufacturing and charging infrastructure.
— Greater adoption of e-buses for public transport networks will be encouraged through payment security mechanism.
— For promoting green growth, a new scheme of BIO-MANUFACTURING and BIO-FOUNDRY will be launched.
— BLUE ECONOMY 2.0— A scheme for restoration and adaptation measures, and coastal aquaculture and mariculture with integrated and multi-sectoral approach will be launched.
8. TOURISM
— States will be encouraged to take up comprehensive development of iconic tourist centres, branding and marketing them at global scale.
— Long-term INTEREST FREE LOANS will be provided to States for financing such development on matching basis.
— For domestic tourism— projects for port connectivity, tourism infrastructure, and amenities will be taken up on our islands. It will also include Lakshadweep.
9. FDI
— The FDI inflow during 2014-23 was USD 596 billion marking a golden era. That is twice the inflow during 2005-14.
— For encouraging sustained foreign investment– Negotiating bilateral investment treaties ( BITs) with the foreign partners, in the spirit of ‘first develop India’.
10. POPULATION GROWTH AND DEMOGRAPHIC CHANGES
— The Government will form a high-powered committee for an extensive consideration of the challenges.