Key Focus Areas In Nirmala Sitharaman’s Interim Budget 2024: Women, Farmers, and Youth Among Top Priorities

Anticipated Highlights of Interim Budget 2024: Potential Increase in Allocation for Ongoing Government Schemes and Introduction of New Initiatives. Special Emphasis Expected on Elevating Education and Skill Development Schemes for Youth.

 

Nirmala Sitharaman

 

 

Interim Budget 2024 Highlights: Union Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 on February 1, marking the sixth consecutive year. Given the coincidence of the budget with the Lok Sabha elections, it will be an ‘interim Budget’ for the fiscal year 2024-25. The outcomes of this budget will be applicable until the results of the Lok Sabha elections are declared and a new government assumes power. This interim budget covers the period from April 1, 2024, to March 31, 2025.

Prime Minister Modi has indicated that Budget 2024 will prioritize measures for farmers, women, youth, and the economically disadvantaged. Let’s delve into the key expectations from Budget 2024.

 

Focus on Inclusive Development

PM Modi’s emphasis on inclusive development aligns with the seven priorities outlined in the vision for Amrit Kaal. Budget 2024-25 is expected to sustain focus on inclusive government schemes such as Ujjwala Yojana, Jal Jivan Mission, PM Kisan, and Swachh Bharat, contributing to the vision of ‘Sabka Saath Sabka Prayas.’

The Budget for 2023-24 had previously established seven priorities, termed as Saptarishi, guiding the Amrit Kaal. These priorities encompass inclusive development, reaching the last mile, infrastructure and investment, unleashing potential, green growth, youth power, and the financial sector.

 

Focus on Youth and Development

The sixth priority of the Central government centers on harnessing the potential of the nation’s youth. Budget 2024-25 is anticipated to channel investments into education and skill development, job creation, and entrepreneurship, fostering growth and development among the youth. Initiatives like the National Education Policy and supportive economic policies are expected to empower the youth, emphasizing skill development and generating ample job opportunities.

 

Focus on Women’s Empowerment

The interim budget is likely to introduce a women-centric scheme, focusing on women’s empowerment. Discussions on welfare schemes for women are underway, addressing eligibility criteria, annual income, and the size of the allocated amount. These welfare initiatives will specifically target women from economically disadvantaged backgrounds.”

 

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