Budget 2024 Live: Union Cabinet has approved Interim Budget
The Interim Budget 2024–25 will be presented by Finance Minister Nirmala Sitharaman to Parliament on Thursday, February 1, one day following the start of the Budget Session. Estimates of the government's spending, receipts, fiscal deficit, financial performance, and forecasts for the following months are included in the interim budget. The newly elected government is expected to present the whole budget following the Lok Sabha elections.
The Finance Minister will lay the groundwork for the interim financial plan until the next government takes office on February 1 at 11 a.m. The finance minister will deliver the budget for the sixth time, five of which will be annual and one interim.
The budget address by Finance Minister Nirmala Sitharaman will be broadcast live on Doordarshan and Sansad TV, the official channels of Parliament.
Live Updates:
Union Cabinet headed by Prime Minister Narendra Modi approves pre-election Budget.
With her budget address, Finance Minister Nirmala Sitharaman has started presenting the Interim Budget 2024 in Parliament.
"When we assumed office in 2014, the country was facing enormous challenges. With 'Sabka Sath Sabka Vikas' as its mantra, the government overcame those challenges," Union Finance Minister Nirmala Sitharaman said during the presentation of the Union Budget 2024.
PM Janman Yojana helps tribal groups who have remained outside realm of development, said Finance Minister Nirmala Sitharaman.
Finance Minister Nirmala Sitharaman said the government has helped 25 crore people to get freedom from poverty in last 10 years.
Finance Minister Nirmala Sitharaman said that she hopes the people of the country will again choose the BJP in the Lok Sabha elections with a resounding mandate.
Rooftop solarization to give 1 crore households 300 units of free electricity per month, says Nirmala Sitharaman.
All ASHA and Anganwadi workers will receive benefits from Ayushman Bharat, said to Finance Minister Nirmala Sitharaman.
Finance Minister Nirmala Sitharaman said the government will help "deserving" sections of middle class to build their own houses.
To provide long-term finance with a long tenure and no or low interest rates, a corpus of ₹ 1 lakh crore will be developed with a 50-year interest-free loan.
To improve deep tech for defense, a new technology will be introduced.
Finance Minister Nirmala Sitharaman said, "FDI now means 'First Develop India,'" and added that bilateral trade agreements will be promoted to increase FDIs on cards.
Budget 2024 Live: Finance Minister Nirmala Sitharaman lists govt schemes for poor
-- Direct Benefit Transfer of Rs. 34 lakh crore using PM Jan Dhan accounts has led to huge savings for the government. This has been realized through the avoidance of leakages, savings have helped to provide more funds for the welfare of the poor.-- PM SVANIDHI has provided credit assistance to 78 lakh street vendors, from that total, 2.3 lakh have received credit for the third time
-- PM JANMAN Yojana reaches out to Particularly Vulnerable Tribal Groups
-- PM Vishwakarma Yojana provides end-to-end support to artisans and craftspeople
-- The scheme for empowerment of Divyang and transgender people reflects our resolve to leave no one behind
Budget 2024 Live: FM Sitharaman lists schemes for farmers
-- Every year under PM Kisan Samman Yojana, Direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers
-- Crop insurance is given to 4 crore farmers under PM Fasal Bima Yojana
-- These are assisting farmers in producing food for the country and for the world
-- Electronic national agricultural market has integrated 1,361 mandis and is providing services to 1.8 crore farmers with trading volume of 3 lakh crores of rupees. The sector is poised for inclusive and higher growth.
Budget 2024 Live: FM Sitharaman on Empowering Amrit Peedhi, the youth
-- The National Education Policy 2020 is ushering transformational reforms
-- PM Shri is delivering quality teaching
-- Skill India Mission has trained 1.4 crore youth, upskilled and reskilled 54 lakh youth and established 3,000 new ITIs
-- A large no. of institutions of higher learning namely 7 IITs, 16 IITs, 7 IIMs, 15 AIIMSs and 390 universities have been set up
-- PM Mudra Yojana has sanctioned 43 crore loans amounting to Rs. 22.5 lakh crore for the entrepreneurial aspirations of your youth
-- Fund of Funds, Startup India and Startup Credit Guarantee Schemes are assisting our youth
Budget 2024 Live: FM on Empowerment of Women through Entrepreneurship
-- Empowerment of Women through entrepreneurship, ease of living and dignity has gained momentum in the last 10 years
-- 30 crore MUDRA Yojana loans have been given to woman entrepreneurs
-- Female enrollment in higher education has gone up by 28% in 10 years
-- In STEM courses, girls and women constitute 43% of enrollment, one of the highest in the world
-- All these are reflected in the increasing participation of women in the workforce
-- Making Triple Talaq illegal, one-third of women's reservation in Lok Sabha and state assemblies, and giving over 70% of houses under PM Awas Yojana in rural areas to women as sole or joint owners have enhanced their dignity
Budget 2024 Live: Major elements of people-centric inclusive development
-- All forms of infrastructure are being built in record time
-- All parts of the country are becoming active participants in economic growth
-- Digital public infrastructure is instrumental in the formalization of the economy
-- GST has enabled One Nation One Market One Tax
-- Tax reforms have deepened and widened the tax base
-- Strengthening of the financial sector has made savings, investment and credit more efficient
-- GIFT IFSC and Unified Regulatory Authority IFSCA are creating a robust gateway for global capital and financial resources
-- Proactive inflation management has helped keep inflation within the policy band
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