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–PM’s package of 5 schemes and initiatives with an outlay of Rs. 2 lakh crore to facilitate employment, skilling and other opportunities for 4.1 crore youth in 5 years.
–For pursuit of ‘Viksit Bharat’, the budget envisages sustained efforts on 9 priorities for generating ample opportunities for all
–Budget 2024-25 focuses on employment, skilling, MSME’s and middle class.
New 109 high-yielding and climate-resilient varieties of 32 field and horticulture crops will be released for cultivation by farmers.
–In the next two years, 1 crore farmers across the country will be initiated into natural farming.
–A provision of Rs. 1.52 lakh crore for agriculture and allied sector announced for this year.
–1,000 industrial training institutes will be upgraded.
–Government will formulate a plan, purvodaya, for the all-round development of the eastern region covering Bihar, Jharkhand, West Bengal, Odisha and Andhra Pradesh.
–For promoting women-led development, the budget carries an allocation of more than Rs. 3 lakh crore for schemes benefitting women and girls.
–A provision of Rs. 2.66 lakh crore for rural development including rural infrastructure made this year.
–The limit of Mudra loans will be enhanced to Rs. 20 lakh from the current Rs. 10 lakh.
–Government to launch a comprehensive scheme for providing internship opportunities in 500 top companies to 1 crore youth in 5 years.
–Under PM Awas Yojana Urban 2.0, housing needs of 1 crore urban poor and middle-class families will be addressed with an investment of Rs. 10 lakh crore.
–Phase IV of pmgsy will be launched to provide all-weather connectivity to 25,000 rural habitations.
–Emphasis on expanding the space economy by 5 times in the next 10 years with a venture capital fund of Rs. 1,000 crore.
–Major relief to 4 crore salaried individuals and pensioners in income tax.
India’s inflation continues to be low, stable and moving towards the 4 per cent target.
–Standard deduction increased from Rs. 50,000 to Rs. 75,000/- for those in new tax regime.
–Deduction on family pension increased from Rs. 15,000/- to Rs. 25,000/-.
Over 58 per cent corporate tax receipts collected under the new regime.
–Two third of individual income tax payers switched over to new income tax regime.
Angel tax abolished for all class of investors to boost start-ups and investments.
–Corporate tax on foreign companies reduced from 40 to 35 per cent to invite investments.
–5 per cent TDS on many payments merged to 2 per cent TDS.
–Capital gain exemption limit increased to Rs. 1.25 lakh per year to benefit lower and middle income classes.
–Custom duty on X-ray panels, mobile phones & pcba reduced to 15 per cent.
–Precious metals including gold and silver to become cheaper, custom duty reduced to 6 per cent.