Budget 2024: In a visionary move, Finance Minister Nirmala Sitharaman presented the Interim Budget for 2024, introducing a multitude of initiatives aimed at reshaping India’s economic landscape. Finance Minister Sitharaman unveiled a series of gifts in the Interim Budget 2024, addressing various sectors and demographics. Let’s delve into the top 10 announcements that stood out.
1. Empowering Homes with Free Electricity:
One of the standout initiatives in Budget 2024 is the commitment to providing free electricity for up to 300 units per month to one crore households. This step is designed to alleviate the financial burden on the common man and enhance their quality of life. Every household that installs solar panels will get 300 units of free electricity per month.
2. Sustainable Energy through Solar Panels:
Recognizing the importance of sustainable energy, the Finance Minister pledged to install solar panels on one crore houses. This move not only promotes clean energy but also ensures that each household receives 300 units of free electricity every month.
3. Middle-Class Housing Support in Budget 2024:
Addressing the housing needs of the middle-income group, the budget 2024 introduced support for those looking to purchase or construct homes in rental housing or unauthorized colonies. This initiative aims to make housing more accessible for a broader section of the population.
4. Lakhpati Didi Scheme for Women’s Empowerment:
Highlighting the significance of women in the nation’s progress, Sitharaman unveiled the ‘Lakhpati Didi’ scheme in Budget 2024. This ambitious initiative seeks to uplift the financial status of half the female population, fostering economic independence.
5. Revamping Railways for Enhanced Connectivity:
A substantial allocation was made towards transforming 40,000 train coaches into modern facilities, promising an improved travel experience. The budget 2024 also outlined plans for the expansion of metro services and the ‘Namo Bharat’ initiative to enhance connectivity.
6. Agricultural Support and Self-Reliance Budget 2024:
While there was no increase in the budget for the PM Kisan Samman Nidhi scheme, the Finance Minister announced measures to assist dairy farmers and promote self-reliance in oilseeds production. These steps aim to bolster the agricultural sector and ensure food security.
7. Boosting Rural Employment through MNREGA:
Recognizing the importance of rural employment, the budget witnessed an increase in the allocation for the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) to Rs 86,000 crore for the fiscal year 2024-25.
8. Addressing Population Growth:
In response to the challenges posed by population growth, the government proposed the formation of a committee to assess and recommend measures for population control. This signifies a forward-looking approach to ensure sustainable development.
9. Economic Transformation by 2047:
Sitharaman outlined seven economic reforms focusing on uplifting the underprivileged, empowering women, supporting farmers, and nurturing the youth. The vision is to position India as an advanced nation by the year 2047.
10. Cancer Vaccination for Adolescents:
A crucial step towards preventive healthcare, the Finance Minister announced free cervical cancer vaccination for girls aged 9 to 14. This initiative reflects the government’s commitment to promoting health and well-being.
In conclusion, Budget 2024 stands as a comprehensive roadmap for economic growth, inclusivity, and sustainability, setting the stage for a transformative journey towards a more prosperous India.