Budget 2024 Decode the budget with our expert panel!

Key Interim Budget Announcements - 2024

➡️ New solar power schemes launched by PM Modi recently would lead to saving of INR15,000-18,000 per households annually who install roof top solar panels. 1cr households will be enabled to get 300units per month fully free.

➡️ PM Awas Yojana Grameen: Close to achieving target of 3 cr homes; 2 cr more homes planned due to growing need.

➡️ Ayushmaan Bharat to cover all worker under ASHA and Anganwadi scheme.

➡️ Government to launch a scheme to help deserving sections of the middle class living in rented houses or slums or chawls and unathorised colonies to buy or build their own houses - Likely positive for Steel, Cement and Building material.

➡️ Corpus of 1 lakh crore to be established with 50 year interest free loans for sunrise domains.

➡️ Railway corridor-port connectivity under DFC - More than 2 corridors to be set up. Also, 3 more rail corridors for Energy, cement and mineral to be added, apart from DFC.

➡️ 40,000 rail bogies to be converted to Vande bharat standards.

➡️ The capex target of FY25 has been set at Rs 11.1 lakh crore, up by 11.1%. FY25 capex outlay at 3.4% of GDP.

➡️ Govt plans to set up more medical colleges by using existing hospital infrastructure and a committee for this will be set up to examine and make necessary recommendation.

➡️ Tourist centre developement - states to be encouraged to take up development of tourist centres- long term interest free loans to provided for states

➡️ More metro trains & namo bharat trains to be expanded to more cities.

➡️ Revised estimate of fiscal deficit is 5.8% of GDP. FY25 BUDGET-DEFICIT TARGET AT 5.1% OF GDP