Page 14 - NIS English 01-15,April 2023

Cover Story Budget Webinar

GREEN GROWTH
The foundation stone for the bright

future of coming generations

The provisions made in the general budget for green growth have given an excellent
opportunity for investment in this sector, which is also going to prove useful for
startups interested in exploiting the benefits of this sector. Since 2014, India has rapidly
increased the capacity of the green sector. India can lead in green energy technologies
and work for the global good. In such a situation, this budget is not only an opportunity
but also a guarantee of future security. Prime Minister Narendra Modi has shown a new
way to take forward the budget provisions for green growth...

Budget Proposals

n In the Gobardhan scheme, 500 new 'waste to wealth'
plants will be set up, Rs 10,000 crore will be spent. National Green
Hydrogen Mission
n One crore farmers will be given assistance in three launched with an
years to adopt natural farming. outlay of
n The government will help set up a battery energy Rs 19,700 crore
storage system with a capacity of 4,000 MWH.
Rs 35,000 crore
n 3 thousand crore rupees have been kept in the
budget for the vehicle scrappage policy. Electric earmarked for capital
vehicle sales are targeted to account for 7% of new investment in the energy
vehicle purchases. transformation, net zero
objectives, and energy
n Green Credits program for industries, PM-PRANAM security.
scheme for farmers.

12 New India Samachar April 1-15, 2023