Budget Highlights 2024: Today, Nirmala Sitharaman spoke in the interim budget about how India has laid the foundations for the concept of a self-reliant India amid the challenges posed by COVID-19. Last year, a vision was outlined, and each year, we have been progressing towards this vision of a self-reliant India, catering to every section of society from the poor to the affluent.
We have formulated various schemes to achieve this goal. I assure you and express gratitude to the taxpayers that we will utilize your money in the right manner and for the welfare and progress of the country.
Insights
“Sabka Saath, Sabka Vikas” – Budget Highlights
The government is actively working on the “Sabka Saath, Sabka Vikas” initiative, focusing on creating plans for every section of society. Whether it’s ensuring electricity in rural areas or improving infrastructure in urban areas, the government is considering the needs of every group, including youth, women, and the economically disadvantaged.
Special attention is being given to schemes like “Housing for All,” and the government is consistently working on it. There is a strong emphasis on the economic well-being of rural areas. In simple terms, the government is dedicated to inclusive development, with a focus on various aspects such as power supply in villages, infrastructure in cities, and specific plans for the welfare of youth, women, and the poor.
Budget Highlights – Nari Shakti Empowerment
During the Interim Budget 2024, Finance Minister Nirmala Sitharaman unveiled a series of initiatives aimed at empowering women across the nation.
1. 30 Crore Mudra Loans for Women
The Finance Minister shared a significant initiative to provide Mudra loans to the tune of 30 crores specifically for women. This move is designed to offer financial support to women entrepreneurs, breaking down barriers to economic empowerment.
2. 28% Growth in Female Enrollment in Higher Education in 10 Years:
Acknowledging the importance of education in women’s empowerment, the Finance Minister highlighted an impressive 28% growth in female enrollment in higher education over the past decade. This surge signifies a positive trend towards enhanced educational opportunities for women in the country.
3. 70% PM Awas Homes Solely or Jointly Owned by Women:
Recognizing the importance of providing secure living spaces for women, the Finance Minister revealed that a substantial 70% of homes under the Pradhan Mantri Awas Yojana are either solely or jointly owned by women. This underscores the government’s commitment to promoting property ownership and housing security for women.
The government’s commitment to fostering financial independence and educational growth for women is evident through key highlights above.
Government’s Pledge to Elevate India’s Healthcare Sector – Budget Highlights
They have promised to take the healthcare sector in India to greater heights, for which they will open more medical colleges. To boost the healthcare sector, a committee will be formed to examine issues and recommend the types of facilities that are needed based on their assessment. Their assessments will serve as a guiding framework for the strategic expansion and improvement of healthcare services across the nation.
As India navigates its healthcare challenges, these initiatives mark a significant step towards creating a robust and accessible healthcare system for all.
During the COVID-19 pandemic, 3 crore houses have already been constructed, and an additional 2 crore houses will be built in the next 5 years under the Prime Minister’s Housing Scheme.
“Electric Buses at the Forefront” – Budget Highlights
The government is focusing on electric buses for transportation to achieve its goal of zero carbon emissions by 2030. It will invest in enhancing the electric vehicle (EV) ecosystem, addressing charging infrastructure challenges, and other related issues. This strategic focus aims to improve the overall EV ecosystem, ensuring the growth potential for battery and automobile manufacturing companies in the coming years.
This news underscores the government’s commitment to revolutionizing the transportation sector, fostering a cleaner and more sustainable future for the nation. The proposed measures are poised to have a transformative impact on the country’s carbon footprint, paving the way for a greener and more environmentally conscious India
Budget Highlights – “Solar Power in 1 Crore Homes for a Sustainable Energy Future”
The government is prioritizing the installation of solar power in 1 crore homes under the “Suryodaya Sojana” initiative. This initiative aims to provide 300 units of free electricity per month. The focus is on harnessing natural resources for power generation, aligning with the vision of a self-reliant India and taking a step towards sustainable energy solutions.
Elevating Domestic Tourism – Unveiling the Cultural Richness of Lakshadweep Island
Recently, after the Maldives dispute, Lakshadweep Island was mentioned in the budget speech by Sita Raman. She emphasized that the tourism sector in India will receive special attention. Iconic Indian tourist destinations like Lakshadweep Island will be promoted, fostering growth in India’s tourism sector.
Highlighting the cultural richness of Lakshadweep Island, Sita Raman emphasized its unique importance during the budget speech. With a dedicated focus on promoting domestic tourism, she announced the formulation of schemes to encourage people to explore tourist destinations within the country, fostering an appreciation for the cultural diversity and beauty of places like Lakshadweep Island.
Budget Highlights– Focus on Railway Infrastructure
The government remains committed to advancing railway infrastructure, with a continued emphasis on significant rail projects in the upcoming period. Special attention will be given to rail corridor projects aimed at efficiently managing high-traffic tracks. Additionally, substantial support is anticipated for new Vande Bharat trains, indicating a prospective boost for the rail sector in the times ahead.
Full Budget will come after Lok Sabha Election.
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