The finance minister Nirmala Sitharaman presents the Union budget for the year 2023-24 explained the 7 priority areas and called it the resemblance of sapt rishi.
7 priority Areas of Budget
- Inclusive development
- Reaching the last mile
- Infrastructure investment
- Unleashing the potential
- Green Growth
- Financial Sector
Agricultural Accelerator Fund
This will enable inclusive farmer-centric solutions through relevant information services for crop planning and health-improved access- to farm inputs credit and insurance help for crop estimation, market intelligence, and support for the growth of the Agri tech industry and startups.
Agricultural Accelerator Fund will be set up to encourage Agri startups by young entrepreneurs in the rural area, The fund will aim at bringing innovative and affordable solutions for challenges faced by farmers. It will also bring in modern technology to transform agricultural practices, and increase productivity and profitability.
AI Center for Excellence
Considering the enhancement in technology and the fast-changing tech world with AI(Artificial intelligence) center will set up three Centers for Excellence in the top three institutes in India. Making AI in India and making AI work for India. AI will be used to help improve the health system, agriculture, etc.
Union Budget 2023
Presented by Finance minister of India Nirmala Sitharaman