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Highlights of Interim Budget 2024-25

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Highlights of Interim Budget 2024-25
Highlights of Interim Budget 2024-25
New Delhi: President Droupadi Murmu With Finance Minister Nirmala Sitharaman At Rashtrapati Bhavan

New Delhi: President Droupadi Murmu With Finance Minister Nirmala Sitharaman At Rashtrapati BhavanIANS

Finance Minister Nirmala Sitharaman offered the Interim Union Budget 2024-25 in Parliament on Thursday.

Some of the important thing highlights of the funds are:

  • social justice,
  • Garib Kalyan,
  • Desh ka Kalyan,
  • Welfare of ‘Annadata’, and
  • Momentum for Nari Shakti.

On Infrastructure, she mentioned that the capital expenditure outlay for infrastructure growth and employment era shall be elevated by 11.1 per cent to Rs 11,11,111 crore, that shall be 3.4 per cent of the GDP.

On reforms within the states for ‘Viksit Bharat’, she mentioned {that a} provision of Rs 75,000 crore rupees as fifty-year curiosity free mortgage has been proposed to assist milestone-linked reforms by the state governments.

She mentioned that three main financial railway hall programmes recognized below the PM Gati Shakti may even be applied to enhance logistics effectivity and cut back price vitality, mineral and cement corridors, port connectivity corridors, and excessive visitors density corridors.

“Forty thousand regular rail bogies may even be transformed to Vande Bharat requirements,” she mentioned.

About the aviation sector, she mentioned that the quantity of airports within the nation have doubled to 149 airports.

“Five hundred and seventeen new routes are carrying no less than 1.3 crore passengers. We have additionally positioned orders for over 1000 new aircrafts,” she mentioned.

On ‘Garib Kalyan, Desh ka Kalyan’, she mentioned that the federal government has assisted 25 crore folks out of multi-dimensional poverty within the final 10 years.

Finance Minister Nirmala Sitharaman

Finance Minister Nirmala SitharamanIANS

“DBT of Rs 34 lakh crore utilizing PM-Jan Dhan accounts led to financial savings of Rs 2.7 lakh crore for the federal government. PM-SVANidhi offered credit score help to 78 lakh road distributors. At least 2.3 lakh have obtained credit score for the third time,” she mentioned.

On welfare of ‘Annadata‘, she mentioned that the PM-Kisan Samman Yojana has offered monetary help to 11.8 crore farmers.

“Under PM Fasal BimaYojana, crop insurance coverage has been given to 4 crore farmers,” she mentioned.

She mentioned that Electronic National Agriculture Market (e-NAM) has built-in 1361 mandis, offering providers to 1.8 crore farmers with a buying and selling quantity of Rs 3 lakh crore.

On Nari Shakti, she mentioned that 30 crore Mudra Yojana loans have been given to girls entrepreneurs.

“Female enrolment in increased schooling has gone up by 28 per cent,” she mentioned.

She mentioned that in STEM programs, women and girls represent 43 per cent of enrolment which is one of the very best on this planet.

“Over 70 per cent homes — below PM Awas Yojana — have been given to girls from rural areas,” she mentioned.

On PM Awas Yojana (Grameen) she mentioned that regardless of COVID challenges, the goal of three crore homes below PM Awas Yojana (Grameen) shall be achieved quickly.

“At least two crore extra homes shall be taken up within the subsequent 5 years,” she mentioned.

She additionally talked about rooftop solarisation and “muft bijli”, saying that 1 crore households will acquire 300 models free electrical energy each month by way of rooftop solarisation.

“Each family is anticipated to save lots of Rs 15,000 to Rs 18,000 yearly as a consequence of rooftop solarisation,” she mentioned.

Interim Budget Unlikely To Impact Market In A Big Way, Say Analysts

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On Ayushman Bharat, she mentioned that healthcare cowl below Ayushman Bharat scheme shall be prolonged to all ASHA staff, Anganwadi staff and helpers.

On agriculture and meals processing, the Finance Minister mentioned that Pradhan Mantri Kisan Sampada Yojana has benefitted 38 lakh farmers and generated no less than 10 lakh employment.

“Pradhan Mantri Formalisation of Micro Food Processing Enterprises Yojana has assisted 2.4 lakh SHGs and 60000 people with credit score linkages,” she mentioned.

“A corpus of Rs 1 lakh crore shall be established with fifty-year curiosity free mortgage to supply long-term financing or refinancing with lengthy tenors and low or nil rates of interest,” she talked about about analysis and innovation for catalysing progress, employment and growth.

(With inputs from IANS)

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