The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, is a bold and transformative blueprint aimed at propelling India towards sustainable growth and technological advancement. Key highlights include:
Agricultural Revolution: Promoting sustainable farming with support for one crore farmers, establishing 10,000 bio-input resource centers, and financing shrimp farming through NABARD.
Workforce Empowerment: Increasing women’s workforce participation with new hostels and creches, wage benefits for employers hiring new entrants, and EPFO contributions for first-time employees.
MSME Support: Enhanced credit support and new assessment models for MSMEs, increased Mudra Loan limits, and fostering innovation and job creation.
Urban Development: Investments in urban development, transit-oriented growth for 14 large cities, and the ambitious PM Awas Yojana Urban 2.0 to provide housing for one crore urban poor and middle-class families.
Energy Sector Innovation: Initiatives for Bharat Small Reactors, research on modular reactors, and the Critical Minerals Mission for domestic production and recycling.
The Union Budget 2024-25, with its focus on revolutionizing agriculture, empowering the workforce, supporting MSMEs, urban development, and energy sector innovations, is a bold and ambitious roadmap. By addressing these critical areas, the budget aims to foster sustainable growth, technological advancement, and social upliftment, setting the stage for a prosperous future for India. These strategic initiatives highlight the government’s commitment to creating a resilient and inclusive economy.
