look news india
Finance Minister Nirmala Sitharaman presented the full budget for the financial year 2024-25 in the Lok Sabha on Tuesday. This is the seventh budget of Finance Minister Nirmala Sitharaman and the first budget of the third term of the Modi government. So know which major issues the government has focused on in this budget.
Special focus on employment generation in the budget
In this budget of the Modi government, Finance Minister Nirmala Sitharaman has made many big announcements. In the budget, she paid special attention to areas like youth skill development, education, agriculture and employment generation. The Finance Minister also announced special schemes to make the eastern states of the country the engine of economic development. The Finance Minister, who reached the Lok Sabha in a white and pink saree, started her budget speech at 11 am.
What are the special things about the first budget of Modi 3.0?
1: Special scheme for youth
5 schemes will be launched for the youth with a provision of Rs 2 lakh crore. More than 5 crore youth will benefit. 3 new schemes will be launched to encourage employment generation.
2: Rs. 1.52 lakh crore provision for agriculture and allied sectors
Rs. 1.52 lakh crore has been given for agriculture and allied sectors. Digital public infrastructure will benefit farmers and their land. 6 crore farmers will come under the purview of farmer and land registry.
3: The engine of developed India will be ready
Eastern states will become the engine of developed India. Bihar got three expressways. New roads will be built at a cost of 26 thousand crores. An industrial hub will be built in Gaya. Along with this, Patna Purnia Expressway and Bodh Gaya, Rajgir and Vaishali Expressway will be constructed. A 2-lane bridge will be built on the Ganga river in Buxar and work will also be done on the Visakhapatnam and Chennai corridor.
4: Employment creation in the manufacturing sector
For the first time, employees will get incentives according to their contribution to EPFO. 30 lakh youth will benefit. New employees will get 1 month's allowance in the first job and it has also been said that registration of employees in EPFO is necessary. This will provide jobs to 30 lakh youth in the manufacturing sector. Also, the government will give 3 thousand PF on a salary of 1 lakh.
5: For each new employee
Companies will get compensation of 3 thousand rupees per month for 2 years. This will benefit 50 lakh people.
6: Who will get direct benefit
Those joining the workforce in the formal sector will be given a benefit of up to Rs. 15,000 under Direct Benefit Transfer. Employees with a salary of up to Rs 1 lakh will be eligible for this. More than 2 lakh youth will benefit from this.