Breaking down Union budget 2024–25: Allocations and implications

The 2024–25 Union Budget prioritizes employment, skilling, MSMEs, and the middle class, with significant capital expenditure and a projected fiscal deficit reduction. Key initiatives include three Employment Linked Incentive schemes aimed at creating new jobs, increased funding for women’s workforce participation, and support for MSMEs through a new Credit Guarantee Scheme. Notably, while the budget emphasizes renewable energy and housing, it lacks provisions for flood assistance in certain states and ongoing ethnic violence in Manipur. The reduced allocation for census surveys raises concerns about delays in vital demographic data.

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