Goverment Budget 2024 

Budget 2024    " Finance Minister Nirmala Sitharaman presented her record seventh consecutive Union Budget 2024-25 today (on July 23) during the Budget Session of Parliament. She makes history as the first finance minister to present seven consecutive Budget speeches, surpassing former Prime Minister Morarji Desai's record of six consecutive budgets as finance minister between 1959-64.   

Revised tax rate under New Tax Regime as follows: ₹0-3 lakh - nil tax ₹3-7 lakh - 5% ₹7-10 lakh - 10% ₹10-12 lakh - 15% ₹12-15 lakh - 20% Above ₹15 lakh - 30%

Employment and Skilling ·  Five schemes to focus on 4.1 crore youth over 5 years with a central outlay of ₹2 lakh crore. ·  Comprehensive internship scheme for one crore youth in top companies over five year.

MSME and Manufacturing Support · Mudra loan limit increased from ₹10 lakh to ₹20 lakh for previous borrower · Financial support for higher education loans up to ₹10 lakhs in domestic institution · Integrated technology system for Insolvency and Bankruptcy Code (IBC)

Agriculture and Rural Development · ₹2.66 lakh crore provision for rural development · Transformation of agricultural research to focus on productivity and climate-resilient crop varietie

Infrastructure and Regional Development · Rental housing in PPP mode for industrial worker · Special financial support of ₹15,000 crore for Andhra Pradesh · New airports, medical facilities, and sports infrastructure for Bihar

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