Live Updates and discussion on Union Budget 2024-2025

Rs 15,000 crore to be arranged for Andhra Pradesh in FY25 for development of its capital.#NirmalaSitharaman

The Finance Minister announced a job creation scheme for the manufacturing sector:

1.For first-time workers, the government will offer incentives for EPFO contributions for both employees and employers for the first 4 years.
2.Expected to benefit 3 million young people and cover additional employment across all sectors.
3.The government will reimburse employers up to ₹3,000 per month for 2 years for each additional employee's EPFO contributions.
4.To incentivize the employment of 5 million additional people.#UnionBudget2024

Mudra loans limit to be enhanced to ₹ 20 lakh from ₹ 10 lakh.#NirmalaSitharaman

A plan will be formulated for Purvodaya for development of Bihar, Jharkhand, West Bengal, Odisha, and Andhra Pradesh. Patna-Purnya expressway, Buxar-Bagalpur expressway, Bodhgaya-Rajgir-Vaishali-Darbanga spurs, and additional two-lane bridge over Ganga at Baksar at ₹26,000crore. Power projects, including 2400 MW power plant at Pir Payanti to be taken up at ₹21,400crore.#UnionBudget2024

#UnionBudget2024 #FM #Announcement

*Govt enhances limit of MUDRA loans to Rs 20 lakh
*Sitharaman provides Rs 26,000-cr boost to road connectivity projects
*Budget provides Rs 2.66 lakh crore for rural development
*FM on On credit guarantee schemes for MSMEs in mfg
*12 industrial parks will be sanctioned, announces Sitharaman
*FM Sitharaman announces critical mineral mission

New credit guarantee scheme for MSMEs in manufacturing will provide guarantees up to ₹100 crore for term loans to purchase machinery and equipment, without requiring collateral or guarantees.#FinanceMinister

Govt announces Rs 2.2 lakh crore push to make housing more affordable #FM

Rental housing with dormitory-type accommodation for industrial workers to be facilitated in PPP mode with VGF support.#FM

Up to 1,000 ITIs would be updated using a hub-and-spoke model.#FinanceMinister

Sidbi to open 24 new branches to serve MSMEs clusters.#FM

PM Surya Ghar Muft Bijli launched to install roof-top solar for 1 crore households which can obtain free electricity upto 300 units each month.#FinanceMinister

Government to launch scheme to develop 100 street food hubs in select cities over five years.#UnionBudget2024

#UnionBudget2024 

The Finance Minister announced that states charging high stamp duty will be encouraged to moderate their rates for all. Additionally, further reductions in duties for properties purchased by women will be considered. These measures will also be incorporated as essential components of urban development schemes.

#UnionBudget2024 : India FY25 Capex spend seen at ₹11.1 lakh crore — unchanged from Interim Budget, infrastructure spend at 3.4% of GDP

The government will provide assistance to Assam for flood management, irrigation projects.#UnionBudget2024