Union Budget 2023-24: Union Budget is an annual practice followed in the Indian Parliamentary System. Union Budget 2023-24 has many provisions for the Agriculture development and Farmers Welfare. Union Budget 2023 is also important for UPSC Prelims 2023 and UPSC Mains Exam (GS Paper 3- Indian Economy and Union Budget also known as annual financial statement).
Union Budget 2023-24 was recently laid in the parliament by the Union Finance Minister Smt. Nirmala Sitharaman. Many key provisions have been made for Agriculture and Farmers’ Welfare in the Budget for the Financial Year 2023-24.
The Union Budget 2023-24 aims at inclusive and comprehensive development of farmers, besides the poor and middle class, women and the youth. Shri Tomar said the small farmers will benefit from the budget, whereas, according to the vision of Prime Minister Shri Modi, the budget lays emphasis on promoting the modernization of Agriculture sector by linking Agriculture with technology so that farmers get comprehensive benefits in the long run.
The total budget of the Ministry of Agriculture and Farmers Welfare, including Agricultural Education and Research, is about Rs 1.25 lakh crore this time. Allocations in Union budget 2023-24 for various government initiatives and schemes are given below-
Budget is the Annual Financial Statement or the Statement of the Estimated Receipts and Expenditure of the Government of India in respect of each financial year is popularly known as the Budget. Union Finance Minister Smt. Nirmala Sitharaman on February 01, 2023, presented the Union Budget 2023-24. The FM said that The Union Budget 2023-24 hopes to build on the foundation of the previous budget and blueprint for India at 100.
1. What is Union Budget?
Ans. Budget is the Annual Financial Statement or the Statement of the Estimated Receipts and Expenditure of the Government of India in respect of each financial year.
2. What is Shri-Anna in the Union Budget 2023-24?
Ans. Millets are to be known as Shri-Anna as declared in Union Budget 2023. India is at the forefront of programmes to popularize Srianna.
3. What Are Saptarishis in the Union Budget 2023-24?
Ans. Finance Minister Nirmala Sitharaman named Seven Priorities of the Union Budget 2023-24 as the seven ‘Saptarishis’ of the Amrit Kaal budget.
4. What is the budgetary allocation in Union Budget 2023 for Ministry of Agriculture and Farmers Welfare?
Ans. The total budget of the Ministry of Agriculture and Farmers Welfare, including Agricultural Education and Research, is about Rs 1.25 lakh crore in the Union Budget 2023.
Union Budget 2023-24, Key Provisions
Budget is the Annual Financial Statement or the Statement of the Estimated Receipts and Expenditure of the Government of India in respect of each financial year.
Millets are to be known as Shri-Anna as declared in Union Budget 2023. India is at the forefront of programmes to popularize Srianna.
Finance Minister Nirmala Sitharaman named Seven Priorities of the Union Budget 2023-24 as the seven 'Saptarishis' of the Amrit Kaal budget.
The total budget of the Ministry of Agriculture and Farmers Welfare, including Agricultural Education and Research, is about Rs 1.25 lakh crore in the Union Budget 2023.
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