Compendium admissions 2023-25

Agriculture
To support agri-startups in rural areas, an agriculture accelerator fund will be established. With an investment of Rs 6,000 crore, a sub-scheme of the PM Matsya Sampada Yojana would be established to

140 aid fishers, fish vendors, and MSMEs. Farmers will have access to decentralized storage space for their produce. Anew program called PM Program for Restoration, Awareness, Nourishment, and Improvement of Mother Earth (PM-PRANAM) will be introduced to encourage states and UTs to encourage the balanced use of chemical and natural fertilizers. To support 1 crore farmers in switching to natural farming, 10,000 bio input resource centers and a network for distributing micro fertilizer and pesticide production would be established.
Infrastructure
The government has announced a 33% increase in its capital expenditure on infrastructure, bringing the total to Rs 10 lakh crore. This includes the allocation of Rs 15,000 crore over three years under the Schedule Tribe Mission for safe housing and road infrastructure development. Additionally, 100 transport infrastructure projects with a focus on last and first-mile connectivity will betaken up as a priority with an investment of Rs 75,000 crore, with Rs 15,000 crore coming from private sources. To support these efforts, the government is also establishing the Urban Infrastructure Development Fund through the use of priority sector lending shortfall.
Healthcare
Open-source digital public infrastructure for insurance is expected to create significant opportunities for the sector. The government is planning to establish 100 labs for developing applications using G services, which will cover a wide range of fields including health. Additionally, a mission to eliminate Sickle Cell Anaemia by 2047 will be launched, and anew program to promote research and innovation in pharmaceuticals will be initiated. Furthermore, the government is supporting multidisciplinary courses for medical devices in existing institutions to ensure a steady supply of skilled manpower for medical technologies.
Readings and References-
● HIGHLIGHTS OF THE UNION BUDGET 2023-24. (n.d.). Retrieved February 5, 2023, from https://pib.gov.in/Pressreleaseshare.aspx?PRID=1895315
● https://www.indiabudget.gov.in/doc/bh1.pdf

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Team Admissions
Shailesh J. Mehta School of Management
IIT Bombay
Email: admissions@sjmsom.in
Website: som.iitb.ac.in