FM Announces Budget For Ken-Betwa Link Project To Help Farmers, Provide Irrigation Benefits

Budget 2022: Finance Minister Nirmala Sitharaman on Tuesday presented the fourth Union Budget of the Modi Government 2.0 following a meeting with Prime Minister Narendra Modi, Union Home Minister Amit Shah, Defense Minister Rajnath Singh, among others. Like 2021, this year also a Made in India tablet replaced the traditional ‘Bahi Khata’. Sitharaman presented the financial statements and tax proposals for the fiscal year 2022-23 (April 2022 to March 2023).Also Read – Good News: 400 New Gen Vande Bharat Trains, FM Makes Big Announcement in Budget Speech

On the Infrastructure front, the Finance Minister announced 5 river interlinking projects. “Ken-Betwa link at Rs 44,605 ​​crores to be taken up to provide irrigation to 9.05 lakh hectares, 65 lakh people drinking water, hydro and solar power,” the FM said. “Under PM Gatishakti master plan, national highway network will be expanded by 25,000 kms in 2022-23; Rs 20,000 crores will be mobilized through innovative ways of financing to complement public resources,” she added. Also Read – ECLGS Scheme Extended Till March 2023, FM Says In 2022 Budget Speech

Important Announcements:

  1. Use of Kisan drones will be promoted for crop assessment, digitisation of land records, spraying of insecticides and nutrients; states will be encouraged to revise syllabi of agro universities: FM Nirmala Sitharaman
  2. Ken-Betwa link at Rs 44,605 ​​crores to be taken up to provide irrigation to 9.05 lakh hectares, 65 lakh people drinking water, hydro and solar power: FM Sitharaman
  3. Under PM Gatishakti master plan, national highway network will be expanded by 25,000 kms in 2022-23; Rs 20,000 crores will be mobilized through innovative ways of financing to complement public resources: FM Nirmala Sitharaman
  4. Credit Guaranty Trust for SMEs will be revamped with the required infusion of funds; This will facilitate additional credit of Rs 2 lakh crore for MSEs and expand employment opportunities: FM Nirmala Sitharaman
  5. Chemical-free natural farming will be promoted throughout the country with a focus on farmers’ land in 5 km wide corridors along the river Ganga, in the first stage: FM Nirmala Sitharaman
  6. The Finance Minister also announced that the Railways will develop new products for farmers and MSMEs. ‘One station-one product’ to help local businesses and supply chains. 400 Vande Bharat trains to be manufactured in next 3 years.

Also Read – Railway Budget 2022 LIVE: FM Sitharaman’s Key Announcements

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