Budget 2024 Highlights and Announcement's

Budget 2024 Highlights and Announcement's

Finance Minister Nirmala Sitharaman presents her seventh consecutive Union Budget, making history with key highlights for FY 2024-25.

New tax regime with revised rates: 0-3 lakh - nil, 3-7 lakh - 5%, 7-10 lakh - 10%, 10-12 lakh - 15%, 12-15 lakh - 20%, above 15 lakh - 30%.

Capex spend unchanged at ₹11.1 lakh crore and infrastructure spend at 3.4% of GDP. Focus on boosting development and growth.

Employment and skilling initiatives: ₹2 lakh crore outlay, comprehensive internship scheme, and incentives for first-time employees.

Support for MSMEs: Credit guarantee scheme, technology support, and SIDBI to open 24 new branches for MSME clusters.

Financial initiatives: Mudra loan limit increased to ₹20 lakh, higher education loans up to ₹10 lakh, and integrated technology for IBC.

Agriculture and rural development: ₹2.66 lakh crore allocation, focus on productivity and climate-resilient crops, and natural farming for 1 crore farmers.

Infrastructure and regional development: ₹15,000 crore for Andhra Pradesh, new airports, medical facilities, and sports infrastructure for Bihar.

Economic outlook: Inflation moving towards 4%, India's growth highlighted as an exception, and focus on job creation and boosting consumption.

Women-led development with over ₹3 lakh crore allocated, extension of PMGKAY for 5 years, and advancement of Digital Public Infrastructure.

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