Friday , January 10 2025

Modi 3.0's first budget presentation, understand in simple words, did people benefit or did they get money! – News India Live

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Budget 2024: Union Finance Minister Nirmala Sitharaman presented the budget in the Lok Sabha. She said that the people of India have expressed confidence in the government led by Prime Minister Modi. He has been re-elected for a historic third term. India's economy is shining even in difficult times. This is Nirmala Sitharaman's 7th consecutive budget. She said, 'The government's focus will be on the poor, women, youth and farmers. The government will increase employment opportunities.

For first-timers: If the salary is less than Rs 1 lakh, people registering with EPFO ​​for the first time will get assistance of Rs 15,000 in three installments.

For Education Loan : People who are not getting any benefits under government schemes will get loans for admission in institutions across the country. The government will give up to 3 percent of the loan amount. For this, e-vouchers will be introduced, which will be given to one lakh students every year.

For Bihar and Andhra Pradesh : Rs 15 thousand crore to Andhra Pradesh and Rs 41 thousand crore to Bihar. Special scheme for infrastructure development for Bihar, Jharkhand, West Bengal, Orissa and Andhra Pradesh.

For the farmers : Information of 6 crore farmers will be brought on land registry. New Kisan Credit Cards will be issued in 5 states.

for youth : Monetary loan amount has been increased from Rs 10 lakh to Rs 20 lakh. Promise to provide internship to 5 crore youth in 500 top companies.

For Women & Girls : Provision of Rs 3 lakh crore for schemes benefiting women and girls.

surya ghar free electricity scheme : Free electricity up to 300 units every month to 1 crore households.

Mobile phones will be cheaper : Customs duty on mobile phones and parts has been reduced. Mobiles will become cheaper. Customs duty on gold and silver jewellery has been reduced to 6%.

job for profession : In the new tax system, income up to Rs 7.75 lakh is tax free, benefit of Rs 17.5 thousand.