Highlights Of The Interim Budget 2024-25 

Delhi/Hyderabad, Feb 1 (Maxim News): Finance Minister Nirmala Sitharaman presented the Interim Union Budget 2024-25 in Parliament on Thursday. 

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Some of the key highlights of the budget are social justice, Garib Kalyan, Desh ka Kalyan, Welfare of ‘Annadata’, and Momentum of Nari Shakti. 

On Infrastructure, she said that the capital expenditure outlay for infrastructure development and employment generation will be increased by 11.1 percent to Rs. 11,11,111 crore, which will be 3.4 percent of the GDP

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On reforms in the states for ‘Viksit Bharat‘, she said that a provision of Rs. 75,000 crores as a fifty-year interest-free loan has been proposed to support milestone-linked reforms by the state governments.  

Three major economic railway corridor programs identified under PM Gati Shakti will also be implemented to improve logistics efficiency and reduce the cost of energy. Mineral and cement corridors, port connectivity corridors, and high traffic density corridors  40 thousand normal rail bodies will also be converted to Vande Bharat standards,

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About the aviation sector, she said that the number of airports in the country has doubled to 149 airports.  “Five hundred and seventeen new routes are carrying at least 1.3 crore passengers. We have also placed orders for over 1000 new aircraft, she said.  The Interim Budget gives a big push to tourism, and states to get long-term loans. 

On ‘Garib-Kalyan, Desh ka Kalyan‘, she said that the government has assisted 25 crore people out of multi-dimensional poverty in the last 10 years. “DBT of Rs. 34 lakh crore using PM-Jan Dhan accounts led to savings of Rs. 2.7 lakh crore for the government. PM SVANidhi provided credit assistance to 78 lakh street vendors.  At least 2.3 lakh have received credit for the third time, she said.

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On the welfare of ‘Annadata’, she said that the PM-Kisan Samman Yojana has provided financial assistance to 11.8 crore farmers.  “Under PM Fasal Bima Yojana, crop insurance has been given to 4 crore farmers, ” she said. The Electronic National Agriculture Market (e-NAM), has integrated 1361 mandis, providing services to 1.8 crore farmers with a trading volume of Rs. 3 lakh crore. 

On Nari Shakti, she said that 30 crore Mudra Yojana loans have been given to women entrepreneurs.  “Female enrolment in higher education has gone up by 28 percent, she said.

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She said that in STEM courses, girls and women constitute 43 percent of enrolment which is one of the highest in the world.  ‘Over 70 percent of houses – under PM Awas Yojana – have been given to women from rural areas,’ 

On Ayushman Bharat, she said that healthcare coverage under the Ayushman Bharat scheme will be extended to all ASHA workers, Anganwadi workers, and helpers.  On agriculture and food processing, the Finance Minister said that Pradhan Mantri Kisan Sampada Yojana has benefitted 38 lakh farmers and generated at least 10 lakh employment.  “Pradhan Mantri Formalisation of Micro Food processing enterprises Yojana has assisted 2.4 lakh SHGs and 60,000 individuals with credit linkages, she said, ‘A corpus of Rs. 1 lakh crore will be established with fifty-year interest fre3e loan to provide long-term financing or refinancing with long tenors and low or nil interest rates, she mentioned about research and innovation for catalyzing growth, employment, and development. (Maxim News) 

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