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That's all about new Union budget 2024 -2025 . . . . .

🦋 FM announces NPS for minors The NPS Vatsalya programme is made available for parents to invest in on behalf of their children by FM Nirmala Sitharaman. The account may be passed to the child after they reach adulthood.

🦋 Proposed to set up a venture capital fund of ₹1000 crore for the space economy."

🦋 Shipping reforms will be implemented ( CO’S IN FOCUS SCI , GE SHIPPING )

🦋 To ALLOCATE 10TRLN RUPEES FOR URBAN HOUSING ( CO’S IN FOCUS HUDCO, NBCC)

🦋 lntership opportunities to one crore youth in 500 top companies

🦋 New airports, medical facilities and sports infra for Bihar. 🦋Job creation in manufaturing to incentivise employees & employers w.r.t EPFO contribution. 20 lakh youths will be skilled under new centrally sponsored scheme. 🦋 ON MSMEs, Finance Minister Nirmala Sitharaman says, "For facilitating term loans to MSMEs, a credit guarantee scheme will be introduced. The scheme will operate on the cooling of credit risks of such MSMEs. A self-financing guarantee fund will provide to each applicant cover of up to Rs 100 crore while loan amount may be larger..."

🦋 Financial support up to ₹10 lk for students in domestic institutions.

🦋 Students who Are Not Elgible for Any Benifit ( Education loan) , Govt announces Loan Of Rs 10 lkh For Higher Education. 🦋210 lakh (or 2.1 crore) youths to benefit from additional employment created in the manufacturing sector. 🦋Government to reimburse to employers Rs 3,000 per month towards EPFO contribution for two years for each additional employee.

🦋 The allocation for agriculture and allied sectors is Rs 1.52 lakh crore.

🦋Issuance of Jan Samarth-based kisan credit cards to be enabled in five states and financing for shrimp farming, processing and export to be facilitated through NABARD

🦋Finance Minister Nirmala Sitharaman says, "New 109 high-yielding and climate resilient varieties of 32 field and horticulture crops will be released for cultivation by farmers. In the next 2 years, 1 crore farmers will be initiated into natural farming supported by certification and branding..."

🦋FM says ,”The Budget will focus on employment, skilling, MSMEs and the middle class. Rs 1.48 lakh crore provision has ben made for education, employment and skilling".

🦋 Focusing on 4 different castes, the poor, women, youth and the farmer. For farmers fm announced higher Minimum Support Prices for all major crops delivering on the promise for at least a 50% margin over cost. PM Garib Kalyan Anna Yojana was extended for 5 years benefitting more than 80 crore people.

🍁BUDGET 2024 -25 :-

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