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Summary of Key Features of Budget 2024-2025
Roadmap for 'Viksit Bharat' and Focus Areas
The Budget for 2024-2025 lays out a roadmap for the development of 'Viksit Bharat' with a focus on the 'Annadata' (Farmer) and the 4 major castes - 'Mahilayen' (Women), 'Yuva' (Youth), and 'Garib' (Poor). The key theme of the budget includes priorities such as Employment, Skilling, MSMEs, and Middle Class. The agenda for 'Viksit Bharat' encompasses enhancing productivity and resilience in Agriculture, promoting natural farming, vegetable production, and the establishment of Digital Public Infrastructure (DPI) for farmers. The budget also emphasizes employment generation, skilling programs, and support for various sectors to boost economic growth.
(Source: Page 1-2)
Focus on Agriculture and Cooperative Sector
Under the priorities for 'Viksit Bharat', the budget highlights initiatives to transform agriculture research, promote cooperation through the National Cooperation Policy, and enhance vegetable production and supply chains. The budget also focuses on natural farming practices, shrimp production and export facilitation, and the establishment of Digital Public Infrastructure for farmers. Additionally, the issuance of Jan Samarth based Kisan Credit Cards aims to support farmers in accessing financial resources for agricultural activities.
(Source: Page 2-3)
Employment and Skilling Programs
The budget places a significant emphasis on Employment and Skilling programs as part of the 'Viksit Bharat' agenda. It introduces schemes such as Employment Linked Incentives, job creation in manufacturing, and support for first-time employees. The budget also outlines plans for skilling 20 lakh youth over a 5-year period, upgrading Industrial Training Institutes, and providing financial support for higher education. Additionally, schemes aimed at facilitating the participation of women in the workforce and supporting employers in creating a conducive work environment are introduced.
(Source: Page 3-4)
