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New Delhi. Finance Minister Nirmala Sitharaman said on Wednesday that 500 new ‘waste to wealth’ manufacturing plants will be set up under the Govardhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme to promote circular economy. Will. These will include 200 Compressed Biogas (CBG) plants, including 75 plants in urban areas, and 300 community or cluster-based plants, with a total investment of Rs 10,000 crore.
Presenting the Union Budget for the financial year 2023-24, he also said that the government will facilitate one crore farmers to adopt natural farming. Apart from this, under the new Mishti scheme, the government will plant ‘mangroves’ along the beach. Sitharaman also said that the government will promote conservation values through a scheme to promote optimal use of wetlands.
In addition, a green loan program will be notified to encourage environmentally sustainable and responsible actions by companies. Indian Biogas Association President Gaurav Kedia said the budget prioritizes adoption of green fuel, energy and construction practices to reduce carbon intensity and create new green job opportunities.
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The seven main priorities, referred to as the Saptarishis, are aimed at promoting sustainable and environment-friendly economic growth, he said. The government’s commitment to this ‘green growth’ approach is a step towards building a cleaner and more prosperous future for all Indians.
Significantly, the objective of the Govardhan Yojana launched by the Modi government is to positively impact rural cleanliness and generate wealth and energy from cattle and organic waste. The objective of this scheme is to create new opportunities for rural livelihood and increase income for farmers and other rural people.
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Earlier on Wednesday, Nirmala Sitharaman said in her address that in the 75th year of our independence, the world has recognized the Indian economy as a shining star. He said that the Indian economy is on the right track and is moving towards a bright future despite these times of challenges. Finance Minister Nirmala Sitharaman listed seven priorities of the General Budget 2023-24. This includes infrastructure, green development, financial sector and youth power.
Other priorities of the budget are inclusive growth, reaching out to the last man and developing one’s own potential. He said that four transformative opportunities can be used in Amrit Kaal to increase economic empowerment. The Finance Minister said that digital public infrastructure for agriculture will be developed as open source, open standard and interoperable public asset.
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Tags: Budget, nirmala sitharaman
FIRST PUBLISHED : February 01, 2023, 14:52 IST
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