Union Budget 2024

PM Gati Shakti Yojana- 3 major corridors to be introduced: railway corridors, port connectivity corridors and high traffic density corridors. This will improve logistic efficiency and reduced costs.

Widespread development of airports in tier 2 and tier 3 cities under Udaan Scheme has led to the doubling of number of airports in the last 10 years. Due to this, Indian carriers have placed an order of over 1000 new aircrafts.

Vision for Vikasit Bharat- Harmony with nature, modern infrastructure, providing opportunities to all citizens and regions

India-Middle East Europe Economic Corridor is a strategic and economic game changer for India and others. It will become a basis for world trade and history will remember that this corridor was created on Indian soil.

Women Empowerment- 30 crore PM Mudra Yojana loan has been sanctioned to women entrepreneurs, female enrollment in higher education has increased by 28% in the last 10 years.

Momentum of Naari Shakti - The empowerment of women through entrepreneurship, ease of living and dignity has gained momentum in the last 10 years,

PM Mudra Yojana - 43 crores has been sanctioned aggregating to Rs. 22.5 lakh crores for entrepreneurial aspiration of Indian youth

Empowerment of Youth through National Education Policy 2020, PM Schools for Rising India, Skill India Mission, PM Mudra Yojana for entrepreneurial field, Fund of Funds, Start Up India and Start Up Credit Guarantee Scheme is ensuring the development of new India.

Three types of union budgets include surplus, deficit and balanced budget. Surplus budget is when estimated revenues are higher than estimated expenses, deficit budget is when the estimated revenues are less than the projected expenses and balanced budget is when estimated income and projected expenses are equal.

Mrs. Niramla Sitharaman, the Finnace Minister of India will present her 6th Union Budget or the Interim Budget on 1st February 2024. Since 1947, India has witnessed 73 annual budgets and 14 interim budgets.

Union Budget is prepared by compiling and reviewing the disclosed revenue, expenditure and offering estimates from ministries, states, union territories, and autonomous entities. Revenue allocation and consultation from different entities and the Prime Minister are the steps taken before presenting the final budget.

2024 Union Budget will be an interim budget as the Lok Sabha elections are due in the early 2024. The full budget will be presented once the new government is formed after the general elections.

Saptarishi is a list of seven priorities mentioned by Government of India that will guide the nation's developemnt through Amrit Kaal. These are: inclusive development, infrastructure and investment, reaching the last mile, unleashing the potential, green growth, youth power, and financial sector.