Economic Growth And Poverty Alleviation

Budget 2024-25: Key Highlights

Economic Growth and Poverty Alleviation

The budget aims to foster economic growth while reducing poverty. The government's Garib Kalyan Desh ka Kalyan Direct Benefit Transfer (DBT) program has led to savings of INR 27 lakh crore, benefiting 25 crore people who have moved out of multi-dimensional poverty. Additionally, credit assistance has been provided to 78 lakh individuals.

Capital Expenditure and Infrastructure

The budget significantly increases the Capital Expenditure Outlay for FY 2024-25 by 111% to INR 40,000 crore. This investment will drive infrastructure development and job creation. Furthermore, 4000 normal rail bogies will be converted to boost transportation capacity.

Conclusion

The Interim Union Budget 2024-25 outlines a comprehensive plan to promote economic growth, reduce poverty, and enhance infrastructure. The government's focus on inclusive development is commendable, providing hope for a brighter future for all citizens.