Internship with Rs 5000 monthly allowance announced for 1 crore youth

In order to provide on-job training to youth, the government will launch an internship scheme to provide opportunities to one crore youth in top 500 companies over the next five years.

For the interns to get exposure to real life environment an internship allowance will be provided of Rs 5000 per month.

Companies facilitating the internship, she said, will bear training and 10 per cent of training cost from their respective Corporate Social Responsibilty funds.

Total receipts estimated at Rs 32.07 lakh crore, expenditure at Rs 48. 21 lakh crore in FY25

Rs 1.52 lakh crore for agriculture, allied sectors

Rs 1.52 lakh crore has been allocated to the agriculture and allied sectors.

Substantial funding would be provided for R&D initiatives, particularly focusing on the production, storage, and marketing of pulses and oilseeds.

To enhance the supply chain of vegetables, the budget proposes the development of large-scale clusters for vegetable production near major consumption centres.

A three-year plan is announced to facilitate the digital public infrastructure for agriculture, aiming to cover farmers and their lands comprehensively.

A digital crop survey for Kharif crops will be conducted in 400 districts this year, integrating the details of six crore farmers and their lands into farmer and land registries.

The budget provides financial support for setting up a network of nucleus breeding centers for shrimp broodstocks.

Govt to provide Rs 11.11 lakh cr towards capex for 2024-25

  • The government is aiming to maintain strong fiscal support for infrastructure projects for the next five years.
  • The government will facilitate investment grade energy audit of micro and small industries in 60 clusters.
  • The government will take up setting up of power projects, including a 2,400 MW power plant at Pirpainti in Bihar at a cost of Rs 21,400 crore. 

Govt announces loans up to Rs 10 lakh for higher education in domestic institutions

  • The government will provide financial support for loans up to Rs 10 lakh for higher education in domestic institutions.
  • E-vouchers for this purpose will be given directly to one lakh students every year with interest subvention of 3 per cent of the loan amount.

Govt to support development of Nalanda in Bihar as tourist centre

Govt to come out with document on energy transition pathway

  • The government will come out with a document on energy transition pathway.
  • A policy to support pump storage projects will be brought to provide round-the-clock energy.
  • State-owned enterprises NTPC and BHEL in joint venture will set up 800 MW super critical thermal power plants with higher efficiency.

Budget proposes interest subsidy scheme to facilitate loans for urban housing segment

  • The government proposed a central assistance of Rs 2.2 lakh crore for urban housing over the next five years as well as an interest subsidy scheme to facilitate loans at affordable rates for urban housing works.
  • The government will put in place measures for an efficient and transparent rental housing market with enhanced availability.
  • The minister has also proposed transit-oriented development plans for large cities having a population of over 30 lakh and a scheme to support the development of 100 weekly haats in five years.
  • Also, the government will develop digital public infra applications in seven areas, including those related to credit and MSME service delivery.

Changes will be made to IBC to strengthen tribunals

  • Appropriate changes will be made to the Insolvency and Bankruptcy Code (IBC) and steps will be taken to strengthen tribunals in the country.
  • Integrated technology platform was also proposed for improving outcomes under the Code, besides additional debt recovery tribunals to be set up in the country.

Centre to set up 100 branches of India Post Payments Bank in North East

The government announced that it will set up as many as 100 branches of India Post Payments Bank (IPPB) in Northeastern states of the country.

Loan limit under MUDRA scheme to be doubled to Rs 20 lakh

  • The loan limit under the MUDRA scheme will be doubled to Rs 20 lakh.
  • The government will launch the scheme to provide internship opportunities to 1 crore youth in top 500 companies over the next five years.
  • The Centre will also promote investment-ready industrial parks in 100 cities.
  • The government will facilitate dormitory-type rental housing for industrial workers in public-private partnership (PPP) mode.
  • The government will launch auction of the first offshore mining blocks and will set up Critical Mineral Mission to acquire assets overseas.
  • Rs 20,000 crore will be allocated for highways in Bihar.

Janjatiya Unnat Gram Abhiyan to improve socio-economic conditions of tribals

  • The government announced the Pradhan Mantri Janjatiya Unnat Gram Abhiyan for improving the socio-economic conditions of tribal communities in the country.
  • The programme will cover 63,000 tribal villages, benefitting 5 crore tribals.

Centre to arrange Rs 15,000 cr for development of capital city of Andhra

  • The government announced a series of measures for development of Andhra Pradesh, including arranging Rs 15,000 crore this fiscal and in future years for development of the capital city of the State.
  • The government will also facilitate special financial support for development of the capital city.
  • The Centre allocated over Rs 3 lakh crore for schemes benefiting women and girls and stated that it is fully committed for completion and financing of Polavaram irrigation project.
  • The minister also announced backward region grant for three districts of the State.

Govt to launch auction of first offshore mining blocks

Govt to promote investment-ready industrial parks in 100 cities

Centre proposes Rs 26,000 cr for road projects in Bihar

  • The Centre proposed an outlay of Rs 26,000 crore for various road projects in Bihar.
  • The Union government will arrange financial assistance to Bihar through aid from multilateral development agencies.
  • The government will also set up airports, medical colleges and sports infrastructure in Bihar.
  • The Centre will also formulate plan 'Purvodaya' for all-round development of Bihar, Jharkhand, West Bengal, Odisha, and Andhra Pradesh.
  • The government will support industrial corridor for development in the eastern region.
  • The government will provide e-vouchers directly to 1 lakh students every year with interest subvention of 3 per cent of loan amount.

Govt to launch saturation drive under Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN)

Budget provides Rs 2.66 lakh crore for rural development

 

Rs 2.66 lakh crore has been allocated for rural development, including rural infrastructure.

Three crore additional houses will be constructed under the PM Awas Yojana in rural and urban areas.

New centrally-sponsored scheme to skill 20 lakh youth over 5 years

  • A new centrally-sponsored scheme for skilling 20 lakh youth over the next five years.
  • Model skilling loan scheme will be revised to facilitate loans up to Rs 7.5 lakh.

Backward region grant will be provided to 3 districts of Andhra Pradesh

Govt to launch three employment-linked scheme

  • The government will provide incentives to 30 lakh youth entering the job market by providing one month's PF (provident fund) contribution. Working women hostels will be set up in the country to promote women's participation in the workforce. The government will provide funds to the private sector, domain experts and others for developing climate-resilient seeds.
  • An already existing scheme -- MGNREGA (Mahatma Gandhi National Rural Employment Guarantee) -- aims to provide 100 days of wage employment in a particular fiscal year to at least one member of every household whose adult members seek manual work.

Jan Samarth-based Kisan Credit Card to be introduced in five states

  • The Centre will promote digital public infrastructure for agriculture in partnership with states, while Jan Samarth-based Kisan Credit Card will be introduced in five states.
  • The government will also provide finance for shrimp farming and marketing.

1,000 ITIs to be upgraded in hub and spoke model

National Cooperation Policy on anvil

The government will bring a National Cooperation Policy for the overall development of the country.

Govt to set up working women hostels to promote women participation in workforce

Budget provides Rs 1.48 lakh cr for education, employment, skill

  • The Union Budget will provide Rs 1.48 lakh crore for education, employment and skilling in the country.
  • It will focus on employment, skilling, MSMEs and the middle class.
  • The government has extended the PM Garib Kalyan Anna Yojana for five years which is benefiting 80 crore people of the country.
  • As mentioned in interim budget, there is a need to focus on poor, women, youth and farmers.

Fast-tracking growth of rural economy and employment opportunity will be policy goal

Budget's 9 priorities include productivity, jobs, social justice, urban development, energy security, infrastructure, and reforms