Budget 2024: Finance Minister Nirmala Sitharaman Unveils Major Initiatives for Development

New Delhi: Finance Minister Nirmala Sitharaman presented the budget, highlighting the Modi government’s third consecutive term. Emphasizing the decline in inflation, she declared, “This budget focuses on the poor, women, youth, and food providers.” Key announcements include financial assistance for education loans up to ₹10 lakh, new welfare schemes for SC, ST, and OBC communities, and the installation of 10,000 biofuel plants. The government also introduced three schemes for employment and skills, along with a ₹3,000 PF contribution for salaries up to ₹1 lakh.

Budget 2024 Prioritizes Employment, Skills, and Agriculture Development

Presenting the budget, Finance Minister Nirmala Sitharaman stated that India’s economy is growing rapidly and inflation is under control. The budget, aimed at the poor, women, youth, and food providers, allocates ₹2 lakh crore for youth development. With a focus on employment and skills, the budget includes a ₹1.48 lakh crore provision for education, employment, and skills, and emphasizes the development of the agriculture sector with ₹1.52 lakh crore allocated.

Major Infrastructure and Agricultural Boost in Budget 2024

Finance Minister Nirmala Sitharaman announced significant infrastructure and agricultural initiatives in the Budget 2024. The government plans to launch 109 crop varieties, extend the PM Garib Kalyan Anna Yojana for five years benefiting 80 crore people, and allocate ₹1.52 lakh crore for agriculture. Key infrastructure projects in Bihar include three new expressways, a two-lane bridge over the Ganga in Buxar, and ₹26,000 crore for expressway development.

₹2 Lakh Crore for Youth Employment and Skills in Budget 2024

The Modi government’s Budget 2024, presented by Finance Minister Nirmala Sitharaman, focuses on youth employment and skills with a central outlay of ₹2 lakh crore. The Prime Minister’s package includes five schemes and initiatives to facilitate opportunities for 4.1 crore youth over five years. Additionally, the budget provides ₹1.48 lakh crore for education, employment, and skills development this year.

Focus on Women’s Employment and Energy Security in Budget 2024

Finance Minister Nirmala Sitharaman, in the Budget 2024, emphasized the government’s focus on energy security and increasing employment. Prioritizing women’s employment, the budget includes additional PF contributions for first-time employees and a ₹3,000 PF contribution for salaries up to ₹1 lakh. The government will continue the free ration system for five years and promote natural farming.

Major Financial Assistance for Higher Education in Budget 2024

In her Budget 2024 speech, Finance Minister Nirmala Sitharaman announced financial assistance for higher education loans up to ₹10 lakh for students in domestic institutions. This initiative is part of the government’s broader focus on education and skill development, with a total provision of ₹1.48 lakh crore for education, employment, and skills this year.

Budget 2024: Key Announcements for Agriculture and Infrastructure in Bihar

The Budget 2024, presented by Finance Minister Nirmala Sitharaman, includes significant allocations for agriculture and infrastructure in Bihar. The government will allocate ₹1.52 lakh crore for agriculture and allied sectors, and announce the construction of the Bodhgaya-Vaishali and Patna-Purnia expressways, along with a two-lane bridge over the Ganga in Buxar. A total of ₹26,000 crore has been earmarked for expressway development in the state.

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