Tag: Education

Healthcare: • 99,858 crore allocated to the Union Health Ministry. • 36 life-saving drugs (cancer, rare diseases) exempted from customs duty. • PM-JAY health cover extended to gig workers. Education: • 500 crore allocated for Al Centre of Excellence in Education. • 50,000 Atal Tinkering Labs to be set up in government schools. • 10,000 new medical seats added; target of 75,000 in the next decade. Employment & Women Empowerment: • New Employment Generation Scheme gets 20,000 crore. • 26,889 crore allocated to Women & Child Development Ministry. • Entrepreneurship loans of 2 crore for 5 lakh women. Defence & Security • Total Defence Budget: 6.81 lakh crore (13.4% of total expenditure). • Capital Expenditure: 1.8 lakh crore for modernization. • Coast Guard & Border Roads: Significant budget hikes. • Indigenization Drive: 75% of capital procurement reserved for domestic firms International Trade & Digital Economy • Export Promotion Mission: ₹2,250 crore to support MSME exports. • Bharat-TradeNet (BTN): A digital platform for trade documentation. • Maritime Development Fund: ₹25,000 crore for shipping industry. • Startups: Additional ₹10,000 crore for Fund of Funds via SIDBI. Major Schemes Announced • New Employment Generation Scheme - 20,000 crore allocated to support employment generation. • Prime Minister Dhan-Dhaanya Krishi Yojana - Targets 100 districts with low productivity. • Multi-Sectoral Rural Prosperity and Resilience Programme - Focuses on skilling, investment, and technology in agriculture. • National Manufacturing Mission - Covers small, medium, and large industries under 'Make in India'. • Nuclear Energy Mission - 20,000 crore allocated for Small Modular Reactors (SMRs) development. • Mission for Cotton Productivity - Aims at increasing cotton productivity and sustainability. • Gyan Bharatam Mission - For conservation of India's manuscript heritage; allocation increased from 3.5 crore to ₹60 crore. • Atal Tinkering Labs - 50,000 labs to be set…

Union Finance Minister Nirmala Sitharaman presented the Union Budget This is her 7th Union The four main focus points of the first budget under the Modi 0 government includes, Garib (Poor) Yuva (Youth), Annadata (Farmer) Nari (Women). 9 priorities of Budget 2024: Productivity and Resilience in agriculture Employment and Social justice Manufacturing and Services Urban Development Energy Security Infrastructure Innovation R&D Next gen Agriculture Allocation: Agriculture and allied sectors were allocated 1.52 Lakh Crore in the Union Budget 2023-24. Release of new varieties: The new 109 high-yielding and climate-resilient varieties of 32 field and horticulture crops will be provided to the farmers. Natural Framing: In the next two years, 1 crore farmers across the country will be initiated into natural farming. 10,000 need-based Bioinput research center will be Digital Public Infrastructure (DPI) for Agriculture: The government in partnership with states will facilitate implementation of DPI in three The government will enable Jan Samarth-based Kisan Credit cards in five states. Employment and Skilling Allocation: The government announced Rs 48 lakh crore for education, employment and skill. Five schemes: It will be launched to provide employment and benefit 1 crore youth with an outlay of Rs 2 lakh crores. Three new employee-linked incentive schemes will be launched: Scheme A will support direct benefit transfer of one month salary for first-timers to benefit 210 lakh youths. Scheme B pertains to job creation in manufacturing to benefit 30 lakh youths entering employment, and their Scheme C is employer-focused scheme covering additional employees in all A new centrally sponsored scheme will be launched to skill 20 lakh youth over five Education Education loans of 10 lakh will be provided for students for higher education in domestic institutions. E-vouchers for this purpose will be given directly to one lakh students every One thousand industrial training institutes…