Union Budget 2024-25: Marking the first Union Budget of the Modi 3.0 government and Sitharaman's seventh consecutive budget presentation during the Monsoon Session of Parliament, Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on Tuesday. Presenting Union Budget 2024-25, Nirmala Sitharaman, outlines the government's financial roadmap with a focus on sustainable growth, infrastructure development, social welfare, and economic stability. The budget reveals a comprehensive picture of government revenues and expenditures, highlighting major allocations to key sectors and schemes.A detailed map of the funds allocation to key sectors DefenceRs 4,54,773 croreRural DevelopmentRs 2,65,808 croreAgricultureRs 1,51,851 croreHome AffairsRs 1,50,983 croreEducationRs 1,25,638 croreIT and Telecom SectorRs 1,16,342 croreHealth Rs 89,287 croreEnergy SectorRs 68,769 croreSocial WelfareRs 56,501 croreCommerce and IndustryRs 47,559 croreA detailed map of the funds allocation to major schemesThe Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) sees an increase from Rs 60,000 crore in FY23-24 to Rs 86,000 crore in FY24-25, aimed at enhancing rural employment.Nuclear power projects receive a boost from Rs 442 crore to Rs 2,228 crore, while the development of semiconductors sees a substantial increase from Rs 3,000 crore to Rs 6,900 crore, underscoring the push towards technological advancement.Direct Benefit Transfer for LPG is allocated Rs 1,500 crore, up from Rs 180 crore, to support energy access. Solar power allocation doubles from Rs 4,970 crore to Rs 10,000 crore, reflecting the government's commitment to renewable energy.This budget, with its detailed allocations and revenue plans, underscores the government's strategy to foster economic resilience, technological advancement, and sustainable growth.
