Budget 2024- Strategy for Amrit Kaal

In much-anticipated Budget 2024, Finance Minister has outlined robust economic strategy focused on fostering growth, inclusivity, & sustainable development.  government, guided by mantra of 'Reform, Perform, & Transform,' is set to embark on next-generation reforms, emphasizing effective implementation in collaboration with states & stakeholders.

Key Highlights for Amrit Kaal

1. MSME Support: Ensuring timely finances, relevant technologies, & training for Micro, Small, & Medium Enterprises (MSMEs) takes centre stage.  regulatory environment will be optimized to facilitate their growth.

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2. Panchamrit Goals:  government commits to sustaining high & resource-efficient economic growth, prioritizing energy security in terms of availability, accessibility, & affordability.
 

3. Financial Sector Preparedness: Aiming to meet investment needs, government will enhance financial sector's size, capacity, skills, & regulatory framework.

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4. Aspirational Districts: Special attention will be given to expedite  development of aspirational districts & blocks, ensuring economic opportunities flourish.

5. Development of  East: Government emphasizes transforming  eastern region into  significant driver of India's overall growth.

6. Housing Initiatives: New scheme targets assisting  middle class in acquiring homes, especially those living in rented houses, slums, or unauthorized colonies.

7. Healthcare Measures: Initiatives include setting up more medical colleges & encouraging cervical cancer vaccination for girls aged 9 to 14.

8. Ayushman Bharat Expansion: Healthcare cover under Ayushman Bharat will extend to all ASHA workers, Anganwadi Workers, & Helpers.

9. Agriculture & Food Processing: Efforts to boost farmers' income will intensify, promoting private & public investment in post-harvest activities.

10. Sustainable Development Commitment: Government is committed to achieving 'Net Zero' by 2070, with various measures like viability gap funding for wind energy, mandatory blending of CNG, PNG, & compressed biogas, & rooftop solarisation for households.

11. Infrastructure & Investment: Major railway corridor programs, promotion of foreign investment, & substantial improvements in physical infrastructure, including national highways & airports, are prioritized.

12. Inclusive Development: Aspirational District Programme aims to expedite development, & various initiatives in agriculture, aquaculture, & dairy development seek to enhance productivity & generate employment.

Conclusion

Budget 2024 reflects comprehensive & forward-looking approach, aligning with government’s commitment to driving economic growth, fostering inclusivity, & ensuring sustainability. Investors & businesses can anticipate dynamic & supportive environment as these strategic initiatives unfold.