1

20

Interim  

n on Budget 2024-25  

      

H ghlights (1)
    
  

   
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What Is 20

Budget
A financial
plan or statement of “estimated revenues and
expenses” of the Government in a financial
year.

Constitutional
Interim Budget Provision
A short-term (temporary)
financial plan that outlines Article 112 of
the government’s Constitution of India
“anticipated revenues and - Annual Financial
expenses” until - Statement of the
Government
the new government is
formed. (Since elections
are yet to be held in 2024).
 3
20
Theme
of the Union
Budget 2024-25 Viksit Bharat
(Developed
India)
by 2047

hy D
p

em
ra
og

oc
Dem

racy

Trinity
of Development Strategy
for “Developed
India@2047”
D i v e rs i t y

Focus on Comprehensive GDP - “Government, Development

and Performance”
5 ‘Disha Nirdashak’ Guiding 4
Factors for“Developed 20

India@2047”

1 3
Focus on Infrastructure
“Social Justice” as an
effective governance model.

4
2 Use of Technology to
improve productivity
Highest Priority To -
1. Women
2. Youth 5
3. Poor
High Powered Committee
4. Farmers (Annadata) (To address population
growth challenges and
“The country progresses, when demographic changes)
they progress”
Key Facts & Figures@Union 5
20
Budget 2024-25
India is the fastest growing economy in the G20.

7% GDP Average real Moderated Inflation,

growth (3 income of people within the target
consecutive increased by 50%. band (2%-6%).
years).

Nominal GDP growth (projected) for FY25 - 10.5%

India and World Dollar GDP growth

 6
20
Estimated Fiscal deficit for FY25 - 5.1 %
of GDP, lower (5.8 %) than FY24

Capital Expenditure
increased 11% Fiscal deficit — the gap
(₹11.11-lakh cr) between the government’s
revenue and expenses
Government to
borrow ₹14.13 lakh Revised Fiscal deficit for
(lower than in FY24 i.e. 2023-24 - 5.8 % of GDP
₹15.43 lakh cr)

Gross Tax Revenue for

FY25 (Expected) -
11.46% increase from
FY24 (₹34.37 lakh cr)
Key Facts & Figures 7
Continued… 20
Income Tax (19%)

Borrowing and Other

Union Excise Liabilities (28%)
Duties (5%) Rupee
Comes
From Non-Tax Receipts (7%)
Corporation
tax (17%)
Non-Debt Capital Receipts (1%)
Customs (4%)

GST and other taxes

(18%)

Pensions (4%)
Other Expenditure (9% Interest Payments
(20%)
States' share of Taxes
and Duties (20%)

Rupee
Finance Commission and
other transfers (8%)
GOES Centrally
Sponsored
TO Schemes (8%)

Central Sector Schemes (16%) Subsidies (6%)

Defence
(8%)
Key Facts & Figures 8
Continued… 20

Increased Fund Allocation to Following

Major Schemes

Mahatma Gandhi
National Rural Ayushman
Employment Bharat-PMJAY
Guarantee Scheme

Production Modified Programme for

Linked Development of
Incentive Semiconductors and
Scheme display manufacturing
ecosystem

National Green
Solar Power Hydrogen
(Grid) Mission
Key Facts & Figures 9
Continued… 20

Ministries Wise Fund Allocation (Higher To Lower)

Ministry of Defence

Ministry of Road Transport and Highways

Ministry of Railways

Ministry of Consumer Affairs, Food & Public

Distribution
Ministry of Home Affairs

Ministry of Rural Development

Ministry of Chemicals and Fertilizers

Ministry of Communications

Ministry of Agriculture and Farmer's

Welfare
Key Facts & Figures 10
Continued… 20
Increase in IITs, AIIMS & Universities

UNIVERSITIES
IIT AIIMS

23 2023 22 2022 1113 2023

16 2014 2014 723

7 2014

25 cr people
moved out of
Multidimensional
poverty
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20

Interim  

n on Budget 2024-25  

      

H ghlights (2)
    
  

   
Key Achievements 12
so far… 20

Welfare of “Poor”

PM-Jan Dhan Accounts PM-SVANidhi

Used for DBT of Rs. 34 lakh
cr, Rs. 2.7 lakh cr savings
for the Government.
Credit assistance to 78 lakh
street vendors.
2.3 lakh received credit for
the third time.

PM-JANMAN Yojana
PM-Vishwakarma Yojana
Development of particularly
vulnerable tribal groups End-to-end support to
(PVTGs) artisans, engaged in 18
trades

Welfare of Farmers “Annadata”

PM-KISAN SAMMAN Yojana PM Fasal BimaYojana

Direct financial assistance to Crop insurance to 4 cr
more than 11 cr farmers. farmers
 Pradhan Mantri Kisan 13
Sampada Yojana 20
Benefitted 38 lakh farmers,
generated 10 lakh
e-NAM (Electronic National
employment.
Agriculture Market)
Integrated more than thousand (around
1,361) mandis, serving more than 1 cr
farmers.

Empowering Women “Nari Shakti”

Mudra Yojana Loans Pradhan Mantri MUDRA Yojana

provide MUDRA loans up to Rs 10
Loans worth 30 cr disbursed
lakh to non-corporate, non-farm
to women entrepreneurs.
small/micro enterprises.

Self Help Groups PM Awas Yojana

1 cr women assisted by 83 lakh Over 70% houses given to
SHGs to become “Lakhpati Didis” women from rural areas.
 14
Higher Education
20
Increase in female enrolment in higher
education by 28% in 10 years.

Female enrolment in STEM courses - 43%,

one of the highest in the world.

Empowering the Youth

Skill India Mission PM Mudra Yojana

Trained over 1 cr youth, 43 cr loans sanctioned for
focussed on upskilling fostering entrepreneurial
and reskilling. aspirations of Youth.

PM Schools for Rising

India (PM SHRI)
Providing quality
teaching and nurturing
holistic and
well-rounded individuals.
Key Initiatives to be Taken : 15
Sector Wise 20

SUSTAINABLE DEVELOPMENT
Commitment to meet ‘Net Zero’ by 2070
Viability gap funding for wind energy

Green Energy
Coal gasification and liquefaction capacity of 100 MT to be set up by
2030.
Phased mandatory blending of CNG, PNG and compressed biogas
Financial assistance for procurement of biomass aggregation machinery
Adoption of e-buses
Support for the e-vehicle ecosystem e.g. manufacturing, charging etc.
Scheme for biomanufacturing and bio-foundry to be launched.

Rooftop Solarization Blue Economy 2.0 Scheme

1 cr households to get 300 To be launched to restore and
units free electricity/month. adapt coastal aquaculture
and mariculture.
INFRASTRUCTURE & INVESTMENT 16
20

3 Railway corridors under PM Gati Shakti to

improve logistics efficiency and reduce cost
Energy, Mineral And Cement Corridors
Port Connectivity Corridors
High Traffic Density Corridors

40 thousand rail bogies to be converted to Vande Bharat standards.

Promotion of urban transformation via Metro rail and NaMo Bharat

Aviation

Number of airports Strategically Significant for

doubled to 149. India - IMEC
Expansion of existing India Middle East European
airports and Corridor (IMEC) project to be
comprehensive taken forward.
development of new
airports under
UDAN scheme
AGRICULTURE AND FOOD 17
PROCESSING 20

Pradhan Mantri Matsya Dairy Development

Sampada Yojana (PMMSY)
A comprehensive
To be stepped up to enhance
programme for supporting
aquaculture productivity
dairy farmers will be
5 Integrated Aquaparks to be set up formulated.

Pradhan Mantri Formalisation of Micro Application of

Food Processing Enterprises Yojana Nano-DAP to be
expanded in all
Increase in allocation
(refer image) agro-climatic zones

Atmanirbhar Oilseeds
Abhiyaan-Strategy
To be formulated for self
sufficiency in oil seeds
such as mustard,
groundnut, soybean,
sunflower etc.
INCLUSIVE DEVELOPMENT
Aspirational District Programme
To assist States in faster
development of aspirational
districts and blocks.
Health
Include Cervical Cancer
Vaccination for girls (9-14
years) in immunisation
program.
Saksham Anganwadi and
Poshan 2.0 to be expedited
for improved nutrition delivery.
U-WIN platform for
immunisation efforts of Mission
Indradhanush to be rolled out.
‘Lakhpati Didi’ Scheme
Expansion to empower rural
women.
18
20
Housing
PM Awas Yojana (Grameen)
Close to achieving target of 3
cr houses; additional 2 cr
targeted for next 5 years
Housing Scheme for Middle
Class
“living in rented houses, slums,
chawls/unauthorized colonies”
to be launched.
Ayushman Bharat Scheme
Expanded to cover all ASHA &
Anganwadi workers.
RESEARCH AND INNOVATION
A corpus of Rs.1 lakh cr
to be established with 50-year
interest free loan
to help tech savvy youth
for long-term financing or refinancing,
to encourage the private sector
investment for research.
TAXATION
Facts & Figures And Tax Reforms
Retention of same tax rates
in FY 2024-25
No Changes
in Direct & Indirect taxes rates
including Import Duties
No Tax Liability
for income up to ₹7 lakh
under the new tax regime
19
20
A scheme to be launched
for strengthening
deep-tech technologies for
defence.
Corporate Income Tax
decreased to 22% from 30%
for existing domestic
companies; 15% for new
manufacturing companies
Tax Exemption
on certain income of IFSC
units & tax benefits to
Start-ups extended 1 year till
March 2025.
 Tax Reforms 20
20
Faceless Assessment Simplified
and return filing
Appeal for greater
efficiency

Goods and Services Average monthly gross GST collection

Tax (GST) unified the doubled in FY24
Indirect Tax Regime
in India
• supply chain
optimization
• reduced prices of
goods & services
• benefiting the
consumers