Interim Union Budget 2024: Will it meet needs and aspirations?
The government has targeted every single household and individual over the past ten years, according to Union Finance Minister Nirmala Sitharaman, who stated on Thursday that the government has provided housing for all, “har ghar jal,” electricity for all, cooking gas for all, bank accounts, and financial services for all.
“Over the past ten years, there has been a significant positive transformation in the Indian economy. The future is something that the people of India are hopeful and optimistic about.
“During the second term, our government intensified its efforts to create a prosperous nation that includes the complete development of all citizens and all regions. ‘Sabka saath sabka vikas sabka vishwas’ is our government’s strengthened motto, she declared in the Lok Sabha during the presentation of the interim budget for 2024.
“We developed all regions with the goal of achieving social and geographic inclusivity as part of our development philosophy. Sitharaman stated, “Bharat committed to panch pran and laid a solid foundation for the amrit kal. The country overcame a once-in-a-century pandemic with the nationwide approach of’sabka prayas’.”
As a result, our young nation is full of hope and confidence for a bright future, as well as high aspirations and pride in its existence. Based on its incredible work, we anticipate that the people will once more bestow upon our government a resounding mandate.
“Our compassionate and all-encompassing approach to development represents a significant shift from our previous strategy of providing resources up to the village level. We have provided housing for everyone, har ghar jal, electricity for everyone, cooking gas for everyone, bank accounts, and financial services for everyone in record time over the last ten years, the Finance Minister stated.
On Thursday, Finance Minister Nirmala Sitharaman stated that the government supports “empowering the poor” and that over the past ten years, at least 25 crore people have received help to overcome multifaceted poverty.
According to Sitharaman, the government’s top priority is meeting the needs and aspirations of the Garib (poor), Mahilaye (women), Yuva (youth), and Annadata (farmers).
During the presentation of the 2024 Interim Budget to the Lok Sabha, the Finance Minister stated, “The government’s power to assist the poor also increases manifold when they become empowered partners in the development process.”
She claimed that by using PM Jan Dhan accounts to facilitate direct benefit transfer (DBT) of 34 lakh crore rupees, the government was able to save 2.7 lakh crore, bolstering the welfare of the underprivileged.
According to Sitharaman, the PM Swanidhi scheme provided credit assistance to 78 lakh street vendors, while the PM Vishwakarma Yojna provided end-to-end support for artisans and craftsmen.
“11.8 crore farmers, including marginal and small farmers, received direct cash assistance every year under the PM Kisan Samman Scheme,” the speaker stated.
Garib Kalyan, Desh ka kalyan, she said, means that the welfare of the poor is the welfare of the nation, and that the country advances when the poor advance.
Following President Draupadi Murmu’s approval of the interim budget on Thursday, the Finance Minister and her two state ministers arrived at Parliament House, where PM Modi presided over a meeting of the Union Cabinet to approve the interim budget.
The government’s top priority, she continued, is to give Indian MSMEs enough training and enable them to meet their needs and compete on a global scale. It will also support their innovation and large-scale growth.
According to the Finance Minister, a new initiative will be introduced to support the deep-tech industry for defense needs.
On Thursday, Union Finance Minister Nirmala Sitharaman announced that the government will support girls between the ages of 9 and 14 receiving vaccinations to prevent cervical cancer.
“To prevent cervical cancer, our government will promote vaccination among girls between the ages of 9 and 14 years.” While presenting the interim budget 2024 to the Lok Sabha, she stated, “Various schemes for maternal child care will be brought under one comprehensive program for synergy in implementation, upgrades of anganwadi centers under saksham anganwadi and Poshan 2.0 will be expedited for improved nutrition delivery, early childhood care, and development.”
Many young people have aspirations of becoming qualified doctors. Our government intends to use the current hospital infrastructures under different departments to establish more medical colleges. For this reason, a committee will be formed to look into the problems and offer pertinent suggestions,” Sitharaman continued.
Elon Musk appears poised to make his foray into the rapidly growing Indian electric vehicle (EV) market this year with his Tesla cars, but the government announced on Thursday that it will enhance and develop the EV ecosystem by providing manufacturing and charging infrastructure support.
Finance Minister Nirmala Sitharaman announced a new bio-manufacturing initiative to support green growth during her presentation of the Interim Budget to the Lok Sabha.
“The government will expand and strengthen the EV ecosystem by supporting manufacturing and charging infrastructure,” she stated.
According to Nirmala Sitharaman, the construction of new airports and the enlargement of current ones will proceed quickly.
The Finance Minister declared, “In the last ten years, the aviation sector has been galvanized and the number of airports has doubled to 114.”
“There are 517 new routes with 1.3 crore passengers on them. More than 1,000 new aircraft have been preemptively ordered by Indian carriers, the spokesperson stated.
“Rapid urbanization and a rapidly growing middle class are occurring; metro rail and Namo Bharat may serve as the impetus for the necessary urban transformation. Large cities emphasizing transit-oriented development will encourage the expansion of these systems, according to Sitharaman.
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