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HomeNewsBusinessBudgetA look at the outlays for major schemes in Budget 2024

A look at the outlays for major schemes in Budget 2024

The Interim Budget 2024 played it mostly safe when it came to scheme outlays. The biggest beneficiaries were the Pradhan Mantri Gram Sadak Yojna and Pradhan Mantri Krishi Sinchai Yojana.

February 02, 2024 / 14:15 IST
(Image: Moneycontrol)
The allocation for the Mahatma Gandhi National Rural Employment Guarantee Act remains unchanged at Rs 86,000 crore for FY 25. Allocation for the rural job scheme under MGNREGA recorded a steep cut of 33 percent in the FY24 Budget compared to the revised estimate of Rs 89,400 crore in the financial year 2022-23. The allocation for the Mahatma Gandhi National Rural Employment Guarantee Act remains unchanged at Rs 86,000 crore for FY 25. Allocation for the rural job scheme under MGNREGA recorded a steep cut of 33 percent in the FY24 Budget compared to the revised estimate of Rs 89,400 crore in the financial year 2022-23.The outlay for the Swach Bharat Mission has been increased to Rs 12,192 crore for FY 25. The outlay for the Swach Bharat Mission has been increased to Rs 12,192 crore for FY 25.The outlay for Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) has been increased to Rs 7,500 crore. Sitharaman also announced that the union government will launch a mission to eliminate sickle cell anaemia in India by 2047. The outlay for Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) has been increased to Rs 7,500 crore. Sitharaman also announced that the union government will launch a mission to eliminate sickle cell anaemia in India by 2047.Finance Minister Nirmala Sitharaman in her Budget 2024 speech promised two crore houses to be developed over the next five years under the PM Awas Yojana (PMAY) Grameen. The Interim Budget 2024 allocated Rs 80,671 crore for the Pradhan Mantri Awas Yojana (PMAY), up 49 percent from a revised estimate of Rs 54,103 crore in Budget 2023. Finance Minister Nirmala Sitharaman in her Budget 2024 speech promised two crore houses to be developed over the next five years under the PM Awas Yojana (PMAY) Grameen. The Interim Budget 2024 allocated Rs 80,671 crore for the Pradhan Mantri Awas Yojana (PMAY), up 49 percent from a revised estimate of Rs 54,103 crore in Budget 2023.The Union Government will set aside Rs 582 crore for the Formation and promotion of 10,000 Farmer Producer Organisations (FPOs) scheme in FY 25. The Union Government will set aside Rs 582 crore for the Formation and promotion of 10,000 Farmer Producer Organisations (FPOs) scheme in FY 25.Rs 11,391 crore has been allocated for the Pradhan Mantri Krishi Sinchai Yojana in FY 25. Rs 11,391 crore has been allocated for the Pradhan Mantri Krishi Sinchai Yojana in FY 25.The revised estimates for AMRUT and Smart Cities Mission in 2023-24 were Rs 13,200 crore, and it has now gone down to Rs 10,400 crore in the interim budget. The budget estimates for both schemes in 2023-24 were even higher at Rs 16,000 crore. The estimates for AMRUT and Smart Cities Mission in 2023-24 was cut from Rs 16,000 crore to Rs 13,200 crore. However, this has now dropped to Rs 10,400 crore in the interim budget 2024. The flagship rural roads scheme has an allocation of 19,000 cr for FY 25, revised estimates for FY 24 are at Rs 17,000 cr. The flagship rural roads scheme has received an allocation of 19,000 crore for FY 25, revised estimate for FY 24 stands at Rs 17,000 cr.NHAI has been allocated Rs 2,77,557 crore in the interim budget. The revised estimates for FY 23-24 now stand at Rs 2,75,920. NHAI has been allocated Rs 2,77,557 crore in the interim budget. The revised estimates for FY 23-24 now stand at Rs 2,75,920.The Khelo India programme saw an allocation of Rs 900 crore, and the revised estimates for FY 23-24 are Rs 880 crore. The Khelo India programme saw an allocation of Rs 900 crore, and the revised estimates for FY 23-24 are Rs 880 crore.The Government of India will focus on expanding Electric Vehicle manufacturing as well as strengthening the supporting charging infrastructure as the country is moving towards the net zero emission target by 2070. Rs 2,671 crore were allocated for the FAME India scheme for FY 25. The Government of India will focus on expanding Electric Vehicle manufacturing as well as strengthening the supporting charging infrastructure as the country is moving towards the net zero emission target by 2070. Rs 2,671 crore were allocated for the FAME India scheme for FY 25.The expanded mid-day meal scheme has been allocated Rs 12,467 crore in the interim budget for FY 25. The expanded mid-day meal scheme has been allocated Rs 12,467 crore in the interim budget for FY 25.Under the PM-KISAN scheme, the government provides a financial benefit of Rs 6,000 per year in three equal four-monthly instalments. The money is transferred into the bank accounts of farmers’ families across the country through DBT mode. Rs 6,00,000 crore has been set aside in the interim budget for the scheme. Under the PM-KISAN scheme, the government provides a financial benefit of Rs 6,000 per year in three equal four-monthly instalments. The money is transferred into the bank accounts of farmers’ families across the country through DBT mode. Rs 6,00,000 crore has been set aside in the interim budget for the scheme.
Moneycontrol News
first published: Feb 2, 2024 02:15 pm

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