UP to receive biggest share of fund for railway modernisation

07 Feb 2023 CW Team

Out of the Rs 2,400 billion that was allotted to the Railways in the Union Budget for 2023–24, Uttar Pradesh received the lion's share, or Rs 175.7 billion. This time, the Centre has announced a budget for the Railways of Rs 2.4 lakh crore. For new programmes, this will cost Rs 750 billion.

The budget allocated this time was the greatest in history, according to Indian Railways. In 2013–14, Railways contributed Rs 281.74 billion of the total. Following this, Rs 1591 billion was received in 2022–23, and as of right now, Rs 2,400 billion has been received for this fiscal year (2023–24).

This is roughly a nine-fold rise from 2013–14 and a 51% increase from 2022–23, according to Railways. On the other side, the maximum budget obtained by the National Capital Region, or Delhi, has increased 26 times on a state-level. This means that although Delhi had a budget of Rs 960 million in 2013–14, Rs 24.77 billion has been allotted this year. The budget for the railways is 21 times higher in Punjab. Following this, Gujarat and Uttar Pradesh both received budget increases of 14 and 16 times, respectively.

According to Ashwini Vaishnaw, Union Minister for Railways, Uttar Pradesh will receive Rs 175.07 billion in the Rail Budget 2023–24, Madhya Pradesh Rs 136.07 billion, Rajasthan Rs 953.2 billion, Uttarakhand Rs 54 billion, Punjab Rs 476.2 billion, Delhi Rs 247.7 billion, Haryana Rs 224.7 billion, Himachal Pradesh Rs 183.8 billion, Rajasthan Rs 95.32 billion, Bihar Rs 850.5 billion.

The Railways will focus exclusively on infrastructure construction and the earliest possible restart of high-speed trains during the election year. The majority of this funding will go into green trains, such as hydrogen trains, green energy, tourism, high-speed trains, and significant corridors.

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