Interim Budget 2024-25
What's new in interim budget 2024 ?
KEY HIGHLIGHTS
On Development
- Through roof-top solarisation , 1 crore households will be enable to obtain upto 300 units of free electricity every months.
- Plan to build 2 crore affordable houses in 5 years
- For tech-savvy youth, a corpus of Rs 1 lakh crore will be established with 50-year intrest free loan
- Aim to make 'VIKSIT' (Developed) by 2047
On Taxation
- No change in taxation , both direct and indirect
- propose to extend tax exemptions for some International Financial services Centre(IFSC) to March 31st,2025
- To withdraw old disputed direct tax demand of up to Rs 25,000 till FY10 , and Rs 10,000 for 2010-111 to 2014-15
On Fiscal defict ,GDP
- FY25 fiscal deficit seen at 5.11% Vs FY24 revise estimate of 5.8%
- FY25 nominal GDP growth seen at 10.5%
- FY25 divestment target at Rs 50,000 crore
- FY25 capex seen at Rs 11.1 lakh crore vs FY24 revised estimate of Rs 9.50 lakh crore
On Health
- Ayushman Bharat scheme to cover all Asha and Angandwadi workers and helpers
- Government to focus on setting up more medical colleges by utilising existing hospital infrastructure
- Government to encoursge vaccination for girls aged 9-14 for prevention of cervical cancer
On Railways
- 40,000 rail bogies to be converted to Vande Bharat Standards
- Metro Rail , Nano Bharat will be expanded to more cities
- 3 Railways corridors - Port connectivity corridor ; energy , mineral and cement corridor ; and high traffic density corridor - will be built
On Infrastructure
- Focus on improving tourist infrastructure in Lakshadweep
- Support for middle class to build their own houses
- 5 integrate aqua parks to be set up
- Govt to pay most attention to develop eastern region
On key Schemes
- PM-Kisan outlay (govt's flagship cash transfer scheme ) unchanged at Rs 60,000 crore
- PM Awas Yojana (credit-linked subsidy scheme ) spend in FY25 seen at Rs 80,671 crore VS FY24 revised estimate of Rs 54,103 crore
- PM Garib Kalyan Anna Yojana outlay (food security welfare scheme) at Rs 2.05 lakh crore
On Achievements
- 25 crore people brought out of poverty in past 10 years
- Success of self-help groups empowered 1 crore women to become Lakhpati didis
- Direct benefits given to 11.8 crore farmers per year under PM Kisan scheme
- Sanctioned loans worth Rs 22.6 lakh crore to 43 crore people under PM Mudra
- Direct transfer of Rs 34 lakh crore using PM Jan-Dhan led to saving for govt
- PM SVANIDHI gave credit assistance to 78 lakh street vendors
- Gave 70% houses to women in rural areas under PM Awas Scheme
ConversionConversion ReactionReaction