FM Nirmala Sitharaman, in her Budget 2023 Speech announced that the scheme to supply free grains to the poor under the Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) has been extended for one year. The Budget also called for an Agritech Accelerator Fund to boost Investments and Innovations in the sector.
Union Finance Minister Nirmala Sitharaman, said, “The government is implementing a scheme to supply free grains to the poor under PMGKAY with an expenditure of INR 2 lakh cr from January 1.”
During her Budget 2023 speech, Finance Minister Nirmala Sitharaman expressed her optimism for the growth of the Indian economy, projecting a 7% growth rate. She emphasized the progress made by the Indian government in digital initiatives and highlighted their response to both the COVID-19 pandemic and global economic challenges.
FM Sitharaman pointed out India’s climb from being the 10th largest economy to the 5th largest in the world, and the improvements made in governance and innovation. She referred to the budget as the “first budget in Amrit Kaal” and stated that it aims to build on previous budgets and the vision for a prosperous and inclusive India where development is accessible to all.
“This is the first budget in Amrit Kaal, this budget hopes to build on the foundation laid in the previous budget and the blueprint laid for India at 100, we envision a prosperous and inclusive India in which the fruits of development reach all,” she said.
