Categories: News

UP Budget 2023: Focus on youth, infra and welfare schemes

Representative Image

LUCKNOW: The Government of Uttar Pradesh presented the state’s annual budget for the financial year 2023-24 on February 22, 2023. This was the second budget for the Chief Minister of Uttar Pradesh Yogi Adityanath after he was re-elected as the CM last year.

With an approximate amount of ₹7 lakh crore, the annual budget focused on infrastructure development, welfare schemes, and empowerment of youths and women in the state.

In his budget speech, Suresh Khanna, Finance Minister, Government of Uttar Pradesh, highlighted the 16.8 per cent growth in the state’s GDP. He also mentioned that the unemployment rate in the state has decreased from 14.4 per cent in 2017 to 4.2 per cent at present.

The government allotted a budget of ₹21,159 crore for the development of infrastructure, apart from expressways, and proposed ₹6,209 crore for the maintenance of the existing ones.

For the initial stages of development of the Jhansi link expressway and Chitrakoot link expressway, ₹235 crore has been proposed, and ₹550 crore for the Bundelkhand expressway and Defence Corridor projects.

With a focus on the youth, the government proposed ₹3600 crore under the Swami Vivekanand Yuva Shashaktikaran scheme for distributing smartphones and tablets to students. In a way to encourage young entrepreneurs to set up agri-tech start-ups in rural areas, it proposed ₹20 crore for an Agriculture Accelerator Fund.   

Under various welfare schemes, the finance minister proposed ₹12,631 crore for National Rural Health Mission, ₹1,655 crore for the Pradhan Mantri Aatmanirbhar Swasth Bharat Yojana, ₹25,350 crore for Jal Jivan Mission, and ₹2,288 crore for construction of 6.6 lakh toilets under Swachh Bharat Mission.

CM Adityanath referred to the state budget as the “Budget of new Uttar Pradesh” before it was presented to the Assembly and claimed that it will add “golden chapters” to the state’s history of social, economic, and cultural development. 

Team Urban Update

Recent Posts

Gadkari: EV prices to match petrol, diesel cars in two years

Representative Image NEW DELHI: Nitin Gadkari, Minister for Road Transport and Highways, Government of India,…

2 months ago

14 lakh homes built in Gujarat under PMAY scheme

Representative Image GANDHINAGAR, Gujarat: Gujarat has reached a significant milestone in the construction of homes…

2 months ago

MBMC launches ‘Central School Control Room’ for students’ safety

Representative Image THANE, Maharashtra: The Mira Bhayander Municipal Corporation (MBMC) in Maharashtra has established a…

2 months ago

Delhi govt extends ban on sale, production of firecrackers till Jan 2025

Representative Image NEW DELHI: With the aim to tackle the increasing air pollution level in…

2 months ago

UPSIDA takes over maintenance of 34 industrial areas from ULBs

Representative Image LUCKNOW, Uttar Pradesh: The Uttar Pradesh State Industrial Development Authority (UPSIDA) has come…

2 months ago

Delhi Jal Board to team up with WATCO for 24/7 water supply

Representative Image NEW DELHI: The Delhi Jal Board (DJB) plans to collaborate with the Water…

2 months ago