Finance Minister Sitharaman announces lower-than-expected fiscal deficit of 5.8% (of GDP) in FY24, with further reduction to estimated 5.1% in the coming fiscal year, surpassing earlier projections.
No major rural transfers, but Sitharaman plans to build 2 crore more houses for rural poor under PM Awas Yojana (Grameen) in 5 years, nearing 3 crore target.
Capital spending for 2024-25 surges by 11% to ₹11.11 lakh crore, accounting for 3.4% of GDP.
No changes announced in direct or indirect tax rates, maintaining the existing tax structure.
FM Sitharaman highlights a 50% rise in average real income since 2014, marking a significant achievement.
Govt proposes ₹1-lakh crore corpus for 50-year interest-free loans, aimed at nurturing sunrise domains.
Expansion of existing airports and comprehensive development of new airports under the UDAN scheme.
Promoting cervical cancer vaccination for girls (9-14 yrs). Launching U-WIN platform for Mission Indradhanush immunization. Ayushman Bharat now covers ASHA, Anganwadi workers/helpers.
Promote 'Nano DAP' for diverse crops. Policies aid dairy farmers against Foot and Mouth Disease. Strategize for oilseed self-reliance, covering research, procurement, and crop insurance.
30 crore Mudra Yojana loans empower women entrepreneurs. STEM courses see 43% female enrolment surge.
1 crore women aided via 83 lakh SHGs, nurturing 'Lakhpati Didis.' Female higher education enrolment spikes by 28% in a decade.
11.8 crore farmers benefited from direct financial aid via PM-KISAN. 4 crore farmers covered by Crop Insurance under Fasal Bima Yojana. E-NAM integrates 1,361 mandis for efficient agricultural trade.