Budget Speech 2024 LIVE: FM tough on investors, easier for taxpayers and youth
Budget Speech 2024 LIVE Updates:
Finance Minister Nirmala Sitharaman, in her seventh consecutive Union Budget for 2024-25, highlighted key priorities of the government. She listed nine priority areas for the government which are: productivity and resilience in agriculture, employment and skilling, inclusive human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development and next-generation reforms.
Budget 2024 Live Coverage in Hindi
Highlights from Budget:
- Five schemes announced to focus on 4.1 crore youth over 5 years with outlay of Rs.2 lakh crore
- Internship scheme for one crore youth in top companies over five years
- Employment-linked incentives, including one month's wage support for first-time employees
- For MSMEs: Credit guarantee scheme and term loans for machinery purchase, technology support package for MSMEs
- SIDBI to open 24 new branches to serve MSME clusters
- Mudra loan limit increased from Rs.10 lakh to Rs.20 lakh
- Financial support for higher education loans up to Rs.10 lakhs
- Provision for rural development at Rs.2.66 lakh crore
- Special financial support of Rs.15,000 crore for Andhra Pradesh
- New airports, medical facilities, and sports infrastructure for Bihar
- Inflation moving towards 4% target
- Over Rs.3 lakh crore allocated for schemes benefiting women and girls.
