Small businesses to common citizen: 5 key Budget proposals explained

Budget gives Rs 2.40 trillion to Railways: the highest-ever outlay for the national transporter

Focus on agriculture and tourism; relief for small businesses; support for digitisation of the economy: Finance Minister Nirmala Sitharaman’s Budget on Wednesday had something for every sector.

Here are five takeaways on what Budget 2023-24 promises for the economy.

Capital investment outlay hiked by 33%

The Budget doubled down on driving investment in the economy. The allocation for capital expenditure is pegged at Rs 10 trillion 2023-24, up from Rs 7.5 trillion in 2022-23. The Budget also extended the facility of interest-free loan to states for capex.

Big relief for MSMEs

Sitharaman announced that a credit guarantee scheme for hit