Tag: Manufacturing and Services for MSMEs

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…