arjungoyal12
KF Mentor
Interim Budget 2024: Important Things for Middle Class People
In her Budget 2024 speech, Sitharaman sketched out plans to boost infrastructure investing by 11% within the upcoming financial year while keeping the financial shortage in check. The government aims to oversee spending decreasing the budget deficit to 5.1% within the following financial year.
Key Announcements in Interim Budget 2024
"Housing for Middle Class" Scheme:
The government will launch a scheme to encourage middle-class individuals to purchase or construct their own homes.
Pradhan Mantri Awas Yojana (Grameen):
Almost to its target of 3 crore houses, with an additional goal of 2 crore houses to be set for the next five years.
Health Initiatives:
Withdrawal from outstanding direct tax demand, benefit to around 1 crore taxpayers, and limits set at up to Rs 25,000 for issues up to FY10 and up to ₹10,000 for FY11-FY15.
Renewable Energy:
Enabling 1 crore households for rooftop solarization, providing up to 300 units of free electricity per month.
Infrastructure Development:
In her Budget 2024 speech, Sitharaman sketched out plans to boost infrastructure investing by 11% within the upcoming financial year while keeping the financial shortage in check. The government aims to oversee spending decreasing the budget deficit to 5.1% within the following financial year.
Key Announcements in Interim Budget 2024
"Housing for Middle Class" Scheme:
The government will launch a scheme to encourage middle-class individuals to purchase or construct their own homes.
Pradhan Mantri Awas Yojana (Grameen):
Almost to its target of 3 crore houses, with an additional goal of 2 crore houses to be set for the next five years.
Health Initiatives:
- Acceleration of Saksham Anganwadi and Poshan 2.0 programs for enhanced nutrition delivery and early childhood care.
- Promotion of cervical cancer vaccination for girls aged 9-14.
- Extension of health coverage under the Ayushman Bharat scheme to include all ASHA, Anganwadi workers, and helpers.
Withdrawal from outstanding direct tax demand, benefit to around 1 crore taxpayers, and limits set at up to Rs 25,000 for issues up to FY10 and up to ₹10,000 for FY11-FY15.
Renewable Energy:
Enabling 1 crore households for rooftop solarization, providing up to 300 units of free electricity per month.
Infrastructure Development:
- Fast-tracking Saksham Anganwadi and Poshan 2.0 for improved nutrition delivery and early childhood care.
- Expanding existing airports and comprehensive development of new airports under the UDAN scheme.
- Three major railway corridor programs are to be initiated under PM Gati Shakti to enhance logistics efficiency and reduce costs.
