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Budget Focus Areas - Garib Kalyan, Desh ka Kalyan
Date 01 Feb 2024
Written By
Budget Prioritizes Inclusive Growth: Major Savings, Youth Training, Farmer Support, and Women Empowerment Initiatives Highlighted
The budget focuses on inclusive growth, emphasizing support for the underprivileged, women, youth, and farmers. Key achievements include INR 2.7 lakh crore savings through Direct Benefit Transfer and 25 crore people lifted from poverty. Initiatives for youth empowerment include training 1.4 crore individuals under Skill India and facilitating 43 crore loans via PM Mudra Yojana. For farmers, 11.8 crore receive financial aid through PM-KISAN, and 4 crore benefit from crop insurance. Women empowerment is highlighted by 30 crore loans to female entrepreneurs and increased participation in higher education and STEM fields.

Prioritizing Garib, Mahilaye, Yuva and Annadatta - 'Sabka sath, Sabka Vikas aur Sabka Vashwas'

Garib Kalyan

  • DBT has led to savings of INR 2.7 lakh crore
  • 25 crore people moved out of Multi-dimensional poverty
  • Credit assistance to 78 lakh street vendors under PM-SVANidhi

Empowering the Youth

  • 1.4 crore youth trained under Skill India Mission
  • Fund of Funds, Start Up India and Start up Credit Guarantee Schemes assisting youth.
  • Fostering entrepreneurial aspirations of Youth-43 crore loans sanctioned under PM Mudra Yojana

Welfare of Farmers - 'Annadata'

  • Direct financial assistance to 11.8 crore farmers under PM-KISAN
  • Crop insurance to 4 crore farmers under PM Fasal Bima Yojana
  • 1,361 mandis integrated under e-NAM, supporting trading volume of INR 3 lakh crore

Nari Shakti

  • 30 crore Mudra Yojana loans disbursed to women entrepreneurs
  • Increased female enrolment in higher education by 28 per cent in 10 years
  • 43 per cent of female enrolment in STEM courses
  • 1 crore women assisted by 83 lakh SHGs to become Lakhpati Didis 
Budget - Tax Proposals
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