Union Budget 2024-25: A detailed financial map of funds allocation to key sectors & schemes
Union Budget 2024-25: Marking the first Union Budget of the Modi 3.0 government and Sitharaman’s seventh consecutive budget presentation during the Monsoon Session of Parliament, Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on Tuesday.
Presenting Union Budget 2024-25, Nirmala Sitharaman, outlines the government’s financial roadmap with a focus on sustainable growth, infrastructure development, social welfare, and economic stability.
The budget reveals a comprehensive picture of government revenues and expenditures, highlighting major allocations to key sectors and schemes.
A detailed map of the funds allocation to key sectors
| Defence | Rs 4,54,773 crore |
| Rural Development | Rs 2,65,808 crore |
| Agriculture | Rs 1,51,851 crore |
| Home Affairs | Rs 1,50,983 crore |
| Education | Rs 1,25,638 crore |
| IT and Telecom Sector | Rs 1,16,342 crore |
| Health | Rs 89,287 crore |
| Energy Sector | Rs 68,769 crore |
| Social Welfare | Rs 56,501 crore |
| Commerce and Industry | Rs 47,559 crore |
A detailed map of the funds allocation to major schemes
- The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) sees an increase from Rs 60,000 crore in FY23-24 to Rs 86,000 crore in FY24-25, aimed at enhancing rural employment.
- Nuclear power projects receive a boost from Rs 442 crore to Rs 2,228 crore, while the development of semiconductors sees a substantial increase from Rs 3,000 crore to Rs 6,900 crore, underscoring the push towards technological advancement.
- Direct Benefit Transfer for LPG is allocated Rs 1,500 crore, up from Rs 180 crore, to support energy access. Solar power allocation doubles from Rs 4,970 crore to Rs 10,000 crore, reflecting the government’s commitment to renewable energy.
This budget, with its detailed allocations and revenue plans, underscores the government’s strategy to foster economic resilience, technological advancement, and sustainable growth.