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2024 Budget Allocation as per Minister
2024 Budget Allocation as per Minister :- In a historic announcement today, the government unveiled the Budget for the fiscal year 2024, showcasing significant allocations to crucial ministries that will shape the nation’s progress. The budget, totaling a staggering Rs 15.66 lakh crore, reflects the government’s commitment to bolstering key sectors and fostering comprehensive growth.
Ministry of Defense – Safeguarding National Security with a Rs 6.2 Lakh Crore Boost
Topping the list is the Ministry of Defence, receiving a substantial allocation of Rs 6.2 lakh crore. The enhanced budget underscores the government’s dedication to fortifying the country’s defense capabilities. This allocation is expected to modernize the armed forces, invest in state-of-the-art technology, and ensure the nation’s preparedness against emerging threats.
Ministry of Road Transport and Highways – Accelerating Infrastructure Development
The Ministry of Road Transport and Highways is set to receive a commendable allocation of Rs 2.78 lakh crore. This financial injection will fuel the government’s ambitious plans for expanding and enhancing the nation’s road infrastructure. The focus is on creating a robust network that not only facilitates seamless connectivity but also stimulates economic growth and job creation.
Ministry of Railways – On Track for Progress with Rs 2.55 Lakh Crore Investment
In a move to revolutionize transportation, the Ministry of Railways has been granted a substantial budget of Rs 2.55 lakh crore. This allocation aims to modernize railway infrastructure, improve passenger amenities, and propel the railways into a new era of efficiency and sustainability.
Ministry of Consumer Affairs, Food & Public Distribution – Ensuring Food Security with Rs 2.13 Lakh Crore Allocated
The government is reinforcing its commitment to food security and public distribution by allocating Rs 2.13 lakh crore to the Ministry of Consumer Affairs. This significant budget is geared towards implementing effective food distribution systems, ensuring fair prices, and safeguarding the interests of consumers across the nation.
Ministry of Home Affairs – Strengthening Internal Security with Rs 2.03 Lakh Crore Investment
The Ministry of Home Affairs has been granted a robust budget of Rs 2.03 lakh crore to bolster internal security measures. This includes investments in modernizing law enforcement agencies, enhancing cyber capabilities, and ensuring the safety and well-being of citizens.
Ministry of Rural Development – Empowering Villages with Rs 1.77 Lakh Crore Allocation
The government’s commitment to rural development takes center stage with a substantial allocation of Rs 1.77 lakh crore to the Ministry of Rural Development. This funding is set to uplift rural communities through comprehensive schemes aimed at infrastructure development, employment generation, and overall well-being.
Budget Allocations for Key Ministries (Amount in Rs Crore)
| Ministry | Allocation |
|---|---|
| Defence | 6,20,000 |
| Road Transport and Highways | 2,78,000 |
| Railways | 2,55,000 |
| Consumer Affairs, Food & Public Distribution | 2,13,000 |
| Home Affairs | 2,03,000 |
| Rural Development | 1,77,000 |
Overall, the Budget 2024 signals a strategic and well-thought-out approach to address the diverse needs of the nation, fostering growth, security, and prosperity across various sectors. The allocations are poised to drive transformative changes, laying the foundation for a robust and resilient India in the years to come, 2024 Budget Allocation as per Minister.
budget 2024 live updates : direct and indirect tax rates
