Nirmala Sitharaman Budget Speech 2024 Highlights- Today on July 23, Finance Minister Nirmala Sitharaman is presenting the budget in the Lok Sabha. He said, ‘The people of India have expressed their confidence in the government led by Prime Minister Modi. He has been re-elected for a historic third term. This is Nirmala Sitharaman’s 7th consecutive budget.

She said, “The government’s focus will be on the poor, women, youth and farmers.”

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Nirmala Sitharaman said these 6 big things while presenting the budget

For first-time job seekers: If the salary is less than Rs 1 lakh, people registering with EPFO for the first time will get assistance of Rs 15,000 in three installments.
Education Loan- Those who are not getting any benefit under government schemes, they will get loan for admission in institutions across the country. The government will give up to 3 percent of the loan amount. For this, e-vouchers will be introduced, which will be given to one lakh students every year.
Benefit schemes will be brought through different schemes for the development of farmers, youth, women and the poor.
Information of 6 crore farmers will be brought to the land registry.
New Kisan Credit Cards will be issued in 5 states.
Special scheme for infrastructure development for Bihar, Jharkhand, West Bengal, Odisha and Andhra Pradesh. (Nirmala Sitharaman Budget Speech 2024 Highlights)

Announcement of internship program for one crore youth (Nirmala Sitharaman Budget Speech 2024 Highlights)

Finance Minister Nirmala Sitharaman said, ‘The government will launch a scheme to provide internship opportunities to 1 crore youth in 500 top companies. In this, internship allowance of Rs 5000 per month and lump sum assistance of Rs 6000 will be given. (Nirmala Sitharaman Budget Speech 2024 Highlights)

Announcement for Bihar in the budget

Sitharaman said, ‘We will promote industrial development in Gaya, Bihar. This will give impetus to the development of the eastern region. We will also cooperate in the development of road connectivity projects. Patna-Purnia Expressway, Buxar-Bhagalpur Highway, Bodh Gaya-Rajgir-Vaishali-Darbhanga and an additional two-lane bridge on river Ganga in Buxar will be constructed at a cost of Rs 26,000 crore.

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Rs 3 lakh crore for women and girls (Nirmala Sitharaman Budget Speech 2024 Highlights)

Sitharaman said, ‘A provision of Rs 3 lakh crore has been made for schemes benefiting women and girls. More than 100 branches of India Post Payment Bank will be set up in the North-Eastern region. Polavaram Irrigation Project will be completed to ensure food security of the nation. The funds will be given for development in Kopparthi area in Visakhapatnam-Chennai Industrial Corridor and Orvakal area in Hyderabad-Bengaluru Industrial Corridor. (Nirmala Sitharaman Budget Speech 2024 Highlights)

Finance Minister’s announcement for service sector

The private sector will be provided help in every area through government schemes.
Rs 3.3 lakh crore was given to companies through the National Company Law Tribunal.
Additional tribunals will be created to settle disputes.
Additional tribunals will also be formed for recovery.
A policy will be brought for creative redevelopment of cities.

Special credit program for MSMEs to continue business

Mudra loan amount increased from Rs 10 lakh to Rs 20 lakh.
New branches will be opened in the next 3 years to increase the reach of SIDBI. Of these, 24 branches will open this year.
Will provide help for setup of 50 multi product food units.
MSMEs will be given help to open food safety labs.
To promote e-commerce exports, a scheme will be launched in collaboration with the private sector.
The government will make provision to give internship to 5 crore youth in 500 top companies.

Finance Minister’s announcement on employment related skills (Nirmala Sitharaman Budget Speech 2024 Highlights)

The Finance Minister announced 5 schemes under the PM package with an allocation of Rs 2 lakh crore aimed at promoting employment and skill development. He said that this year a provision of Rs 1.48 lakh crore has been made for education, employment and skill development.

The Finance Minister announced employable skills through schemes as part of the Prime Minister’s package.

He said that these schemes will be based on nomination in EPFO, which will focus on recognizing first-time employees. (Nirmala Sitharaman Budget Speech 2024 Highlights)

He said, ‘First-time workers in all formal sectors will get one month’s salary upon entry into the work force. Direct Benefit Transfer (DBT) of one month’s salary, up to Rs 15,000, will be provided in three instalments. The eligibility limit for this benefit will be a salary of Rs 1 lakh per month. 2.1 lakh youth are expected to benefit from this. (Nirmala Sitharaman Budget Speech 2024 Highlights)

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Sitharaman said- India’s inflation remains stable, at 4%

Sitharaman said, ‘India’s economic growth continues to be excellent. India’s inflation is stable, moving towards the target of 4%.

Sitharaman said, ‘There is an effort to focus on key sections like poor, youth, women, farmers. There is constant focus on employment, skills, MSME, middle class. There is a budget of Rs 2 lakh crore for 5 schemes related to employment and skill training. (Nirmala Sitharaman Budget Speech 2024 Highlights)

Finance Minister said- One crore farmers will join natural farming in the next one year.

Some schemes already announced have also been included in the budget. Transforming research in farming, monitoring by experts, and promoting new varieties according to the climate. One crore farmers will join natural farming in the next one year. Will focus on production, storage and marketing for self-reliance in pulses and pulses. The government’s focus will be on crops like mustard, groundnut, sunflower and soybean.

Sitharaman said- India’s economy is continuously performing better.

Finance Minister Nirmala Sitharaman is presenting the budget in the Lok Sabha. This is the 7th consecutive budget of the Finance Minister. He started his speech at 11.03 am. He said that ‘India’s economy is continuously performing well, and this is expected to continue in future also. Inflation is continuously under control. Food items are also available. (Nirmala Sitharaman Budget Speech 2024 Highlights)

As we said in the interim budget – poor, women, youth and Annadata – we want to focus on these four castes. A month ago we have announced increased MSP on almost all major crops. Pradhan Mantri Garib Kalyan Anna Yojana is running to benefit more than 80 crore people. (Nirmala Sitharaman Budget Speech 2024 Highlights)

Finance Minister Nirmala Sitharaman shows the budget cover after holding a meeting with officials in the Finance Ministry. From here she set out to meet the President. After meeting the President she will go to Parliament.

Kisan Samman Nidhi can be 8 thousand, it is also possible to announce free treatment to people above 70 years of age. (Nirmala Sitharaman Budget Speech 2024 Highlights)

1. Kisan Samman Nidhi: The amount may increase from Rs. 6 thousand to Rs. 8 thousand, more than 9 crore farmers will get benefit.

2. Tax exemption on savings: Tax exemption under 80C can increase from Rs 1.5 lakh to Rs 3 lakh, benefiting more than 2 crore taxpayers.

3. Tax exemption on health insurance premium: Exemption under 80D can be doubled, more than 2 crore taxpayers will benefit.

4. Atal Pension Yojana: It may increase from Rs 5 thousand to Rs 10 thousand.

5. Ayushman Bharat Yojana: Free treatment for people above 70 years of age, 4 crore people will benefit from this.