Quick Summary
The Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Union Budget 2024-25 in Parliament today. This budget envisions sustained efforts across nine key priorities to generate ample opportunities for all, in pursuit of Viksit Bharat. The key priorities include Pr
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FAQ :
The Union Budget 2024-25 has allocated ₹11,11,111 crore for capital expenditure in infrastructure, which represents 3.4 percent of the GDP.
The government will provide ₹1.5 lakh crore in long-term interest-free loans to assist states in their resource allocation for infrastructure development, encouraging them to provide similar scale support.
The government will promote private sector investment through viability gap funding, supportive policies and regulations, and the introduction of a market-based financing framework.
Phase IV of PMGSY will be launched to provide all-weather connectivity to 25,000 rural habitations that have become eligible due to population increase.
Financial support will be provided for irrigation and flood mitigation projects in Bihar, estimated at ₹11,500 crore, and assistance will be given for flood management and related projects in Assam, Himachal Pradesh, Uttarakhand, and Sikkim.
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