Finance Minister Nirmala Sitharaman Presents Interim Budget 2024-25

Last Budget of Current Government, Full Budget Post Lok Sabha Elections

Finance Minister Nirmala Sitharaman is set to present the Interim Budget for the fiscal year 2024-25 at Parliament today, marking the final budget of the current government. The complete budget will be presented by the newly elected government after the upcoming Lok Sabha elections.

Key Focus Areas of Interim Budget 2024-25

Rural Development, Agriculture, and Women's Empowerment

The budget is expected to emphasize rural and agricultural sector schemes, along with initiatives for women's empowerment.

Sitharaman's Address Highlights Development Achievements

Sitharaman emphasized the country's development philosophy, focusing on social inclusivity and geographical development. She highlighted the nation's progress towards becoming 'atmanirbhar bharat' and establishing foundations for 'Amrit Kal.'

Four Pillars of Focus: Poor, Women, Youth, and Farmers

Sitharaman identified the four pillars crucial for progress - the poor, women, youth, and farmers. She emphasized government support for their empowerment, stating it as a driving force for the nation.

Financial Support through Direct Benefit Transfers

Direct Benefit Transfers amounting to Rs 34 lakh crore have been executed, benefiting 11.8 crore farmers. Additionally, 4 crore farmers received crop insurance under PM Fasal Bima Yojana.

Achievements in the Agriculture Sector and Skill Development

The Finance Minister mentioned the success of the E-national agri market in serving 1.8 crore farmers and the establishment of 3000 new IITs through the Skill India Mission.

Women's Empowerment Initiatives

Nari Shakti has empowered women, with 30 crore Yojna loans given in the last decade. Women constitute 43% of STEM enrollment, fostering increased participation in the workforce.

Focus on Infrastructure and Governance

The government maintains a focus on infrastructure development with a 'minimum government, maximum governance' approach. Goods and Services Tax has unified the nation economically, and the financial sector's strengthening enhances savings and credit efficiency.

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Proactive Inflation Management and Global Redefinition

Proactive inflation management and global redefinition through friend-shoring and competition of critical minerals were highlighted as achievements.

Vision for the Future: Unprecedented Development by 2040

Sitharaman envisions 'unprecedented development' over the next five years, working towards a developed India by 2040. The government's strategy revolves around reform, performance, and transformation.

Economic Opportunities and Free Electricity

The government will support aspirational districts for economic opportunities, and 1 crore households will receive 300 units of free electricity every month.

Watch the Budget 2024-25 speech live on Parliament Sansad TV and Doordarshan. Get Budget 2024 documents digitally at www.indiabudget.gov.in in English and Hindi.