Finance Minister Nirmala Sitharaman on February presented her sixth Budget in a row. With the recently concluded Lok Sabha elections, following which the BJP-led NDA came to power, Sitharaman will once again present the full Union Budget for FY25. The Budget is likely to be tabled on July 24 at 11 AM, and the economic survey is estimated to be tabled on July 23.
Here’s the allocation for major schemes as announced in interim Budget:
-Increased allocation for PMAY- Budget Estimates (BE) for 2023-24 at Rs 79,590 crore and for 2024-25 the BE stood at Rs 80,671 crore. Sitharaman said that the PM Awas Yojana (Grameen) scheme was close to achieving target of three crore houses, and an additional two crore houses targeted for next five years.
-Under Mahatma Gandhi National Rural Employment Guarantee Scheme, Rs 60,000 crore was allocated in 2023-24 (BE) and it rose to Rs 86,000 crore in 2024-25 (BE).
-Under Ayushman Bharat – PMJAY, in 2023-24 (BE), Rs 7,200 crore was allocated, which has risen to Rs 7,500 crore in 2024-25 (BE).
-For Production Linked Incentive Scheme, the allocation was Rs 4,645 crore in 2023-24 (BE) and Rs 6,200 crore in 2024-25 (BE).
-Solar Power (Grid): Allocation of Rs 4,970 crore for 2023-24 (BE) rose to Rs 8,500 crore in 2024-25 (BE). Under this scheme, one crore households will be enabled to obtain up to 300 units of free electricity per month.
-National Green Hydrogen Mission: In 2023-24 (BE), an allocation of Rs 297 crore was made, which rose to Rs 600 crore.
-There has been increased allocation for Blue Revolution. Budget Estimates for 2023-24 stood at Rs 2.025 crore and were increased to Rs 2,352 crore in 2024-25 (BE).
-There has been increased allocation for PM-Formalisation for the Micro Food Processing Enterprises Scheme. From 639 crore in 2023-24 (BE), it rose to Rs 880 crore in 2024-25 (BE).
-Under the PM-SVANidhi, credit assistance will be given to 78 lakh street vendors, Sitharaman said in her interim Budget speech.
-PM Mudra Yojana: 43 crore loans sanctioned under scheme. A total of 30 crore Mudra Yojana loans will be disbursed to women entrepreneurs.
-Under the PM KISAN scheme, direct financial assistance will be provided to 11.8 crore farmers
-Crop insurance to four crore farmers will be given under PM Fasal Bima Yojana
-UDAN scheme: Expansion of existing airports and comprehensive development of new airports under UDAN scheme.
Here’s what different ministries were allocated:
-Ministry of Defence: Rs 6.2 lakh crore
-Ministry of Road Transport and Highways: Rs 2.78 lakh crore
-Ministry of Railways: Rs 2.55 lakh crore
-Ministry of Consumer Affairs, Food and Public Distribution: Rs 2.13 lakh crore
-Ministry of Home Affairs: Rs 2.03 lakh crore
-Ministry of Rural Development: Rs 1.77 lakh crore
-Ministry of Agriculture and Farmers’ Welfare: Rs 1.27 lakh crore