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.
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.
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.
Urea subsidy
The government has allocated ₹1,19,000 crore for urea subsidy, which makes fertilizers more affordable for farmers, thereby boosting agricultural production.
Road works (MoRTH)
The Ministry of Road Transport and Highways (MoRTH) has been allocated ₹1,15,093 crore for road works.
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.
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.
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.