February 1, 2023
2 mins read

Govt allocates 15,000 cr for tribal development

The special focus on tribals is that the government wants to capitalise it ahead of polls in Madhya Pradesh, Chhattisgarh, Rajasthan, Odisha and Jharkhand…reports Asian Lite News

The Centre has launched a 15,000 crore development fund for the tribal and marginalised section, Finance Minister Nirmala Sitharaman announced on Wednesday.

“Pradhan Mantri PVTG(particularly vulnerable tribal groups) Development Mission is being launched to improve the socio-economic condition of the vulnerable groups. A total of Rs 15,000 crore will be made available to implement the scheme in the next three years.” the FM announced in her Union Budget 2023 speech.

The special focus on tribals is that the government wants to capitalise it ahead of polls in Madhya Pradesh, Chhattisgarh, Rajasthan, Odisha and Jharkhand.

The Indian economy, the FM said, is on a “right track and heading towards a bright future” and the current focus is on reforms as sound policies resulting in public participation have helped in increasing the country’s global profile.

“Our focus on reforms and sound policies resulting in Jan Bhagidari helped us in trying times, our rising global profile is due to several accomplishments,” she said.

Sitharaman further said that the entire expenditure of about Rs 2 lakh crore under the PM Garib Kalyan Anna Yojana is being borne by the Central government, for supplying free foodgrains for a year to all Antyodaya and priority households.

She said that the Indian economy has increased in size from being the 10th to the fifth largest in the world in the last nine years.

“We have made significant progress in many SDGs, the economy has become a lot more formalized, efficient implementation of schemes has brought about inclusive development, the minister Sitharaman said.

Economic agenda focuses on facilitating opportunities for citizens, providing strong impetus to growth and job creation, and strengthening macroeconomic stability, she added.

Sitharaman went on to say that the seven priority areas of the Union Budget are inclusive development; reaching the last mile; infrastructure and investment; unleashing the potential; green growth; youth; and the financial sector

“Cooperative base model has been adopted to support the small and marginalised farmers and a national cooperative database is being prepared.”

ALSO READ: New fund to boost agri start-ups by youngsters

Previous Story

New fund to boost agri start-ups by youngsters

Next Story

Govt to setup 50 additional airports, water aerodromes

Latest from Economy

Eco Survey Proposes Health Tax

The Survey pointed to research that shows how the shift in dietary practices to UPF items exposes people to a wide range of adverse health outcomes…reports Asian Lite News Increasing consumption of

Sukoon’s GO SAVER enhances employee savings 

Sukoon introduces GO SAVER to provide secure end-of-service benefit and workplace savings   Sukoon Insurance has officially launched its GO SAVER Employee Money Purchase Scheme, an innovative solution designed to provide secure

100% Tariffs? Trump’s Warning to BRICS

Friday’s warning is a repeat of the one that he made on November 30, weeks after winning the 2024 election…reports Asian Lite News Expressing his stance against de-dollarisation vehemently on Friday, Donald
Go toTop

Don't Miss

MSMEs get big Budget boost

To support MSMEs in timely receipt of payments, Sitharaman further

Budget 2023: Capex outlay hiked to all-time high

Finance Minister Nirmala Sitharaman announced in her Budget speech that