highlights
For the current financial year, Rs 1.36 lakh crore was allocated to the Ministry of Rural Development.
This amount can increase to more than Rs 1.60 lakh crore in the next budget.
In the budget 2023, the government can also allocate more money for MNREGA.
New Delhi. In the budget for the next financial year (Budget 2023), the government can increase the expenditure on welfare programs being run in rural areas by about 50 percent to Rs 2 lakh crore. News agency Reuters has given this information quoting sources. Finance Minister Nirmala Sitharaman (FM Nirmala Sitharaman) can present the budget on 1 February 2023. This will be the last full budget of the current Modi government before the 2024 Lok Sabha elections.
Before the Lok Sabha elections, the central government’s emphasis is not only on increasing employment, but the government is also making efforts to provide affordable housing to more and more people. According to the Reuters report, the central government had allocated Rs 1.36 lakh crore to the Ministry of Rural Development for the current financial year. next budget This amount can increase to more than Rs 1.60 lakh crore. This amount can be used to overcome the sluggishness in the rural economy in view of the Corona epidemic.
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MNREGA budget may increase
Only Rs 73,000 crore was allocated in this year’s budget for the MNREGA scheme that guarantees employment in rural areas. Later the budget of MNREGA was increased to Rs 98,000 crore. According to the website of the Ministry of Rural Development, the government has so far spent Rs 63,260 billion on this scheme. Experts say that in the next budget, the government can also increase the budget of MNREGA so that more employment opportunities can be created in rural areas. According to data from the Center for Monitoring Indian Economy (CMII), the rural unemployment rate has remained above 7 per cent for most of the months of the current financial year.
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Fertilizer subsidy can be available
Subsidy can be announced regarding fertilizer in the budget. According to CNBC Awaaz sources, 2.25 lakh crore fertilizer subsidy can be recommended. In the last one year, the prices of imported urea have increased by 135 percent. At the same time, the rate of DAP has increased by 65%. The Ministry of Chemicals and Fertilizers has recommended the subsidy to the Ministry of Finance. The cost of fertilizer companies increased due to increase in gas prices.
In view of this, the government can announce subsidy to give relief to the companies. The Finance Ministry has started the round of pre-budget meetings. In the meeting with the Finance Ministry, the Fertilizer Ministry has demanded a subsidy of Rs 2.25 lakh crore.
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Tags: budget, business news in hindi, FM Nirmala Sitharaman, Rural Development
FIRST PUBLISHED : November 23, 2022, 17:23 IST
