Budget 2024 Live: Lok Sabha passes Finance Bill 2024
Catch the live updates of Interim Budget 2024-25 here
CHENNAI: Finance Minister Nirmala Sitharaman is set to unveil the Interim Budget 2024 today, February 1.
This marks the conclusive budget of the second term of Prime Minister Narendra Modi's government since the Lok Sabha elections 2024 are scheduled in April-May.
This will be her sixth Budget as the Finance Minister and last in the second term of the Modi government.
This budget is interim in nature and the comprehensive budget for the financial year 2024-25 will be introduced only after the formation of the new government following the general elections.
Interim Budget: An Interim Budget allocates funds for essential government operations, ongoing schemes and urgent requirements. Since it is not a budget for a full year, it refrains from policy reforms.
After Lok Sabha elections, Newly appointed government will present a full budget.
Live Updates
- 1 Feb 2024 11:44 AM IST
For the youth, FM Sitharaman says, "For our tech-savvy youth, this will be a golden era. A corpus of Rs 1 lakh crore will be established with 50-year interest-free loan provided. It will be for long-term financing or re-financing with low or nil interest rates."
- 1 Feb 2024 11:41 AM IST
Union Finance Minister Nirmala Sitharaman says, "Our government plans to set up more medical colleges by utilising the existing hospital infrastructure under various departments. A committee for this purpose will be set up to examine the issues and make relevant recomendations."
1 Feb 2024 11:41 AM IST"A new scheme will be launched for strengthening deep-tech technologies for defence purposes and expediting self-reliance, says FM Sitharaman.
- 1 Feb 2024 11:36 AM IST
Every year under PM Kisan Samman Yojana, Direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers. Crop insurance is given to 4 crore farmers under PM Fasal Bima Yojana. These are assisting farmers in producing food for the country and for the world, says Nirmala in her speech
- 1 Feb 2024 11:35 AM IST
PM Mudra Yojana has sanctioned 43 crore loans amounting to Rs. 22.5 lakh crore for entrepreneurial aspirations of our youth. Fund of Funds, Startup India and Startup Credit Guarantee Schemes are assisting our youth: FM
- 1 Feb 2024 11:35 AM IST
Nirmala Sitharaman lists out 'strategy for Amrit Kaal'.
"Our government will adopt economic policies that foster and sustain growth, facilitate inclusive and sustainable development, improve productivity, create opportunities for all, help them enhance their capabilities and contribute to generation of resources to power investments and fulfuill aspirations..."
- 1 Feb 2024 11:35 AM IST
The next five years will be the years of unprecedented development, says FM Nirmala Sitharaman
- 1 Feb 2024 11:35 AM IST
"The health cover under the Ayushman Bharat scheme will be extended to all ASHA and Anganwadi workers and helpers."
- 1 Feb 2024 11:35 AM IST
Union Finance Minister Nirmala Sitharaman says, "Despite the challenges due to COVID, implementation of PM Awas Yojana Rural continued and we are close to achieving the target of 3 crore houses. 2 crore more houses will be taken up in the next 5 years to meet the requirement arising from increase in the number of families."
- 1 Feb 2024 11:33 AM IST
Saturation approach of covering all eligible people is the true and comprehensive achievement of social justice, this is secularism in action, reduces corruption, prevents nepotism. Our government is working towards development which is all round, all inclusive and all pervasive. It covers all castes and people at all levels. We are working towards making India a Viksit Bharat by 2047: FM
