Financial Unveiling: India’s Budget 2024-25 Milestones

Insights into India's Fiscal Roadmap- Uncover Key Policies, Investments, and Priorities Shaping the Economic Landscape for the Financial Year 2024-25.

India’s holistic progress and financial well-being hinge on the prosperity of its farmers and youth. Initiatives like PM-KISAN and PM Fasal Bima Yojana not only uplift millions in the agricultural sector but also contribute to the nation’s economic resilience. Educational reforms and skill development programs further strengthen the financial fabric by empowering the youth. This overview delves into key schemes and policies that shape the financial well-being of “Annadata” and the young generation.

Before delving into the financial budget of 2024-25, let’s further discuss…

Welfare of Annadata

  • Our farmers are the backbone of India as ‘Annadata’ feeding the nation and the world. PM-KISAN provides direct financial assistance to 11.8 crore farmers annually, including marginal and small farmers. PM Fasal Bima Yojana extends crop insurance coverage to 4 crore farmers. These and other initiatives aid our Annadata in ensuring food security.
  • eNAM has integrated 1361 mandis, providing services to 1.8 crore farmers with ₹3 lakh crore trading volume.
  • The agriculture sector is poised for higher, inclusive and balanced growth aided by farmer-centric policies, income support measures, coverage of price and crop risks, and promotion of innovations through startups. The focus is on raising productivity in a sustainable manner while securing farmer prosperity.

Empowering Amrit Peedhi, the Yuva

  • Equipping and empowering youth is critical for India’s prosperity. The National Education Policy 2020 is bringing transformational reforms in education. PM SHRI schools are providing quality education and fostering holistic development in students.
  • Skill India Mission has trained over 1.4 crore youth, upskilled 54 lakh, and set up 3000 new ITIs. Many new institutions of higher learning like 7 IITs, 16 IIITs, 7 IIMs, 15 AIIMS and 390 universities have been established.
  • PM Mudra Yojana has sanctioned 43 crore loans totaling ₹22.5 lakh crore to support youth entrepreneurship. Schemes like Startup India and Fund of Funds are further assisting youth in starting ventures and becoming job creators.
  • In sports, Indian youth are scaling new heights as seen in the record medal hauls in 2023 Asian Games and Para Asian Games. The confidence level is high, as exemplified by 17 year old chess prodigy Praggnanandhaa taking on the world champion. India now has over 80 chess grandmasters, up from 20 in 2010.

Conclusion

As India strides forward, a focus on agriculture, education, and youth empowerment remains central. Schemes like eNAM, PM SHRI schools, and Skill India Mission exemplify the nation’s commitment to inclusive growth. With a flourishing agricultural sector and empowered youth, India looks ahead to a future marked by prosperity, innovation, and global achievements.

Stay on this page, and we will discuss more details of the FY 2024-2025 budget later.

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Insights into India's Fiscal Roadmap- Uncover Key Policies, Investments, and Priorities Shaping the Economic Landscape for the Financial Year 2024-25.

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