Union Finance Minister Nirmala Sitharaman while delivering the Union Budget 2024 speech presented a detailed roadmap to pursue nine priorities for generating opportunities for India.
These nine priorities are:
- Productivity and Resilience in Agriculture
- Inclusive Human Resource Development and Social Justice
- Manufacturing and Services
The Finance Minister also said that we need to focus on 4 different castes: the poor, women, youth and the farmer. “For farmers, we announced higher Minimum Support Prices for all major crops delivering on the promise for at least a 50% margin over cost. PM Garib Kalyan Anna Yojana was extended for 5 years benefitting more than 80 crore people,” she said.
On MSMEs, Finance Minister said, “For facilitating term loans to MSMEs, a credit guarantee scheme will be introduced. The scheme will operate on the cooling of credit risks of such MSMEs. A self-financing guarantee fund will provide to each applicant cover of up to Rs 100 crore while loan amount may be larger.”
