BUDGET SCHEMES - GOVERNANCE
News: Budget
2023 | Major thrust planned for green energy
What's in the news?
● Underlining
a commitment to accelerate the Indian economy’s transition to one powered by
green energy, Union Finance Minister Nirmala Sitharaman in her Budget speech
mentioned a slew of schemes aimed at promoting clean energy and sustainable
living.
MISHTI (Mangrove Initiative for Shoreline Habitats
& Tangible Incomes):
● MISHTI
is a new programme that will facilitate mangrove
plantation along India’s coastline and on salt pan lands.
● The
programme will operate through convergence
between MGNREGS, Campa Fund and other sources.
● India
has such forests on both its Eastern and Western coasts with the Sundarbans in
Bengal being one of the largest mangrove forests on the planet.
● MISHTI
will aim at intensive afforestation of coastal mangrove forests.
PM PRANAM (Prime Minister Programme for Restoration,
Awareness, Nourishment and Amelioration of Mother Earth):
● The
programme will seek to incentivise states and union territories promoting alternative fertilisers and the
balanced use of chemical fertilisers.
● The
programme aims to ultimately bring down the Government’s subsidy burden, which
is estimated to reach Rs 2.25 lakh crore in 2022-23 - a 39 percent higher than
last year’s figure of Rs 1.62 lakh crore.
Bhartiya Prakritik Kheti Bio-Input Resource Centres:
● To
further facilitate the adoption of
“natural farming,” 10,000 Bio-Input Resource Centres will be set-up,
creating a national-level distributed micro-fertilizer and pesticide
manufacturing network.
● This
will impact over 1 crore farmers over the next three years.
Amrit Dharohar:
● Amrit
Dharohar will emphasise on the importance
of wetlands and their preservation, with an outlook that is inclusive of
local communities as caretakers of the ecosystem.
● The
scheme will be implemented over the next three years to encourage optimal use
of wetlands, and enhance bio-diversity, carbon stock, eco-tourism opportunities
and income generation for local communities.