New Delhi: Finance Minister Nirmala Sitharaman presented the Union Budget 2024-2025 in Parliament today, making several significant announcements. The focus of this budget is on job creation, skill development, regional development, and addressing housing needs.
Inflation Rate:
Inflation in India remains low and stable, moving towards the 4% target. This is a positive sign for making the lives of ordinary citizens easier and maintaining economic stability.
Prime Minister’s Five Schemes and Initiatives:
Prime Minister Narendra Modi announced a package of five schemes and initiatives with a budget of ₹2 lakh crore. These schemes aim to provide employment, skill development, and other opportunities to 41 million youths over five years.
Purvodaya Scheme:
The government has announced the Purvodaya scheme for the comprehensive development of the eastern region. This scheme will cover Bihar, Jharkhand, West Bengal, Odisha, and Andhra Pradesh. The aim is to accelerate the social and economic development of these states.
Increase in Mudra Loan Limit:
The government has decided to increase the Mudra loan limit from ₹10 lakh to ₹20 lakh. This will help small and medium entrepreneurs expand their businesses and create new employment opportunities.
Internship Scheme:
The government has announced a comprehensive scheme to provide internship opportunities to 10 million youths in 500 top companies over five years. This scheme will enhance the employment prospects of the youth by providing them with professional experience and skills.
Pradhan Mantri Awas Yojana (Urban) 2.0:
Under Pradhan Mantri Awas Yojana (Urban) 2.0, the housing needs of 10 million urban poor and middle-class families will be addressed. An investment of ₹10 lakh crore will be made for this scheme, which will solve the housing problem in urban areas and provide better living conditions.
This budget is a significant step towards encouraging development in various sectors and strengthening the Indian economy. These government announcements will not only boost economic growth but also ensure social harmony and prosperity.
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