Budget 2024- Strategy for Amrit Kaal
Last Updated: 2nd February 2024 - 05:40 pm
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.
MARKET SIZE
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.
MARKET SIZE
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.
Trending on 5paisa
Discover more of what matters to you.
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.