sector

July 24, 2024

Biggest sector allocations in Budget 2024

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budget

The Union Budget 2024-25 has made significant allocations across various sectors. Let’s explore the biggest budget allocations and understand what they mean for India’s future.

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budget

Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)
The largest allocation goes to PMGKAY with a whopping ₹2,05,250 crore. This scheme aims to provide free food grains to the poor.

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sector

National Highways Authority of India (NHAI)
The Budget has allocated ₹1,68,464 crore to NHAI, which is responsible for developing, maintaining and managing national highways across the country.

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Urea subsidy
The government has allocated ₹1,19,000 crore for urea subsidy, which makes fertilizers more affordable for farmers, thereby boosting agricultural production.

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Road works (MoRTH)
The Ministry of Road Transport and Highways (MoRTH) has been allocated ₹1,15,093 crore for road works. 

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MNREGA
The MNREGA continues to be a cornerstone of rural employment, with an allocation of ₹86,000 crore. MNREGA provides wage employment to rural households, contributing to poverty alleviation.

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PM Awas Yojana (Rural & Urban)
Housing for all remains a top priority, with an allocation of ₹84,600 crore. This budget will be used to provide affordable housing to both rural and urban populations.

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Jal Jeevan Mission
The Jal Jeevan Mission has been allocated ₹70,163 crore and it aims to provide tap water supply to every rural household, improving the quality of life and reducing water-borne diseases. 

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