The Union Budget 2024-2025, presented by Finance Minister Nirmala Sitharaman, centers on inclusive growth and development. With a focus on the poor, women, youth, and farmers, the budget sets forth ambitious plans aligned with nine key priorities.
1. Uplifting the Poor
The budget allocates ₹2.66 lakh crore for rural development, aimed at improving infrastructure, healthcare, and education in rural areas. Additional support for flood-affected states underscores a commitment to social justice and rebuilding efforts.
2. Empowering Women
With over ₹3 lakh crore dedicated to women-focused schemes, the budget seeks to address gender disparities and promote women’s health, education, and entrepreneurship. The abolition of angel tax is expected to encourage female entrepreneurship.
3. Creating Opportunities for Youth
The budget targets skilling 20 lakh youth in the next five years, enhancing employability and productivity. Investments in manufacturing and urban development are set to create numerous job opportunities, with special support for first-time employees.
4. Supporting Farmers
A significant allocation of ₹1.52 lakh crore is designated for agriculture, aimed at improving productivity and resilience. Modernization efforts and better irrigation facilities are designed to enhance farmers' livelihoods.
Key Priorities
The budget emphasizes nine core areas:
Agricultural Productivity and Resilience
Employment and Skilling
Social Justice and Human Resource Development
Manufacturing Services
Urban Development
Energy Security
Infrastructure
Innovation and R&D
Next Generation Reforms
The Union Budget 2024-2025 presents a comprehensive plan for inclusive growth. By addressing the needs of key demographics and setting clear priorities, it aims to foster a prosperous and equitable future for all segments of Indian society.
