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Key Features of Budget
2023-2024
Budget 2023-24 raises capital spending, expands agricultural credit, and simplifies taxes to spur growth and jobs. Budget 2023-2024 prioritises seven strategic areas to drive growth and jobs by raising capital expenditure, providing conditional 50 year interest free loans to states, and identifying major transport projects. It expands agricultural credit and storage, supports rural start ups and horticulture, and increases social sector spending on health and education. Tax measures simplify personal taxation, extend incentives for start ups and cooperatives, and adjust customs duties to boost domestic manufacturing. Financial reforms include a national financial information registry, MSME credit guarantees, digital governance and green transition incentives.
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