Schemes of Government Proposed in the 2024 Budget (November

By 2047, Viksit Bharat

By 2047, the government hopes to have Viksit Bharat established. The goal of Viksit Bharat 2047 is to transform India into a developed nation by the year 2047, focusing on a number of development-related sectors, including the environment, economics, social advancement, and good governance. In order to aid the State Governments implement milestone-linked reforms that would contribute to the attainment of the Viksit Bharat 2047 target, the government proposed a 50-year interest-free loan of Rs. 75,000 crore.

Scheme for Rooftop Solarisation

In order to provide 300 units of free power per month to one crore families through rooftop solarization, the government will introduce a new Rooftop Solar Scheme, or PM Suryodaya Yojana. The following are the anticipated advantages of this plan:

Savings of between Rs. 15,000 and Rs. 18,000 per year when homes receive free solar power and sell the excess electricity to distribution firms

EV (Electric Vehicle) charging

Prospects for business ventures for suppliers and installers of solar panels

Opportunities for employment for young people with technical abilities in the production, maintenance, and installation of solar panels

Middle Class Housing

The government is going to start a program to assist worthy members of middle-class families who are renting, living in slums, chawls, or in unapproved colonies, in purchasing or building their own homes.

Vaccination against Cervical Cancer

The government suggested in Budget 2024 that girls between the ages of 9 and 14 should be encouraged to get vaccinated against cervical cancer.

Abhiyan Oil Seeds Atmanirbhar

To attain “Atmanirbharta” for oil seeds like groundnut, mustard, soybean, sesame, and sunflower, the government will devise a plan. The broad adoption of contemporary agricultural methods, high-yielding variety research, value addition, procurement, market connections, and crop insurance will all be covered by this program, known as Abhiyan.

Development of the Dairy Industry

To assist dairy producers, the government will create a comprehensive scheme. The initiative will manage foot and mouth illness. The National Livestock Mission, Rashtriya Gokul Mission, and Infrastructure Development Funds for Dairy Processing and Animal Husbandry are only a few of the current initiatives that will determine its construction.

The Corpus for Research and Innovation.

A 50-year interest-free loan would be used by the government to establish a corpus of Rs. 1 lakh crore. With extended tenors, zero or low interest rates, and long-term financing or refinancing, this corpus will support the private sector’s substantial expansion of innovation and research in new fields.

Bio-Manufacturing and Bio-Foundry Scheme

To encourage green growth, the government will introduce a new program for bio-foundry and bio-manufacturing. Environmentally friendly substitutes including bioplastics, biodegradable polymers, bio-agri-inputs, and biopharmaceuticals will be made available under this plan. Additionally, it will contribute to the shift from the paradigm of consumptive production to regenerative principles.

Blue Economy Revisited

In order to support climate-resilient blue economy activities, the government will create a program for adaptation and restoration measures, coastal aquaculture, and mariculture with an integrated and multi-sectorial strategy. 2.0.

Government Scheme Modifications

PM Grameen Awas Yojana

In order to accommodate the increased number of families under the PM Awas Yojana (Grameen), the government intends to build two crore extra homes over the course of the next five years. Despite the difficulties brought on by COVID-19, the government is almost there in reaching the two crore housing target under this initiative.

Child Health Care and Maternal Care

To improve execution, the government will combine many maternity and childcare programs into a single, all-inclusive program. Under “Saksham Anganwadi and Poshan 2.0,” an initiative to upgrade Anganwadi centers for better nutrition delivery and development, early childhood care, will take place. Additionally, the government will quickly step up the “Mission Indradhanush” nationwide and implement the recently created U-WIN platform for immunization management.

Ayushman Bharat

All Anganwadi workers, assistants, and ASHA workers would be covered for healthcare under the Ayushman Bharat initiative.

The Nano DAP.

Following the successful adoption of Nano Urea on a variety of crops across all agroclimatic zones, the use of Nano DAP on a variety of crops will be expanded.

The PM Matsya Sampada Yojana

Since the Department of Fisheries was established, the production of seafood exported and raised on land has doubled. Under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), the following measures would be put into effect by the government:

Increase the production of aquaculture from the current 3 tons to 5 tons per hectare.

twice as much exports at Rs. 1 lakh crore

Create 55 lakh job possibilities in the foreseeable future.

Establish five interconnected aquaparks

Lakhpati Didi

In light of approximately one crore women’s success, the government raised the aim for Lakhpati Didi from two crore to three crore. With the support of 83 lakh Self Help Groups (SHGs) and nine crore women, the rural socioeconomic landscape is being transformed through empowerment and self-reliance, leading to the transformation of approximately one crore women into Lakhpati Didis.

Results from Current Government Schemes

The Pradhan Mantri Gareeb Kalyan Yojana

The government has saved Rs. 2.7 lakh crore as a result of a Direct Benefit Transfer (DBT) of Rs. 34 lakh crore made through the PM Jan Dhan accounts. The savings have contributed to “Garib Kalyan” having more money.

PM-SVANidhi

78 lakh street sellers have received credit help via the PM-SVANidhi Yojana. Three times over, a total of 2.3 lakh sellers have been given credit out of this.

PM-KISAN Yojana

Every year, 11.8 crore farmers—including small and marginal farmers—receive direct financial support under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana.

The PMFBY, or PM Fasal Bima Yojana

Under the PM Fasal Bima Yojana (PMFBY), four crore farmers have received crop insurance from the government.

Skill India Mission

54 lakh young have received reskilling and upskilling under the Skill India Mission, which has also trained 1.4 crore youth and opened 3,000 new ITIs. A large number of new educational establishments have been created, including 390 universities, 7 IITs, 7 IIMs, 15 AIIMS, and 16 IIITs.

The PM Mudra Yojana

Under the PM Mudra Yojana, 43 crore loans of Rs. 22.5 lakh crore have been approved to support our youth’s dreams to start their own businesses. Loans under the PM Mudra Yojana of thirty crore have been approved for female entrepreneurs.

PM Awas Yojana

More than 70% of homes under the PM Awas Yojana (Rural) are provided to women as joint or single owners, which has improved their dignity.

The Pradhan Mantri Kisan Sampada Yojana

38 lakh farmers have benefited from the Pradhan Mantri Kisan Sampada Yojana, which has also created 10 lakh jobs.

The Pradhan Mantri Formalization of Micro Food Processing Enterprises Yojana

2.4 lakh SHGs and 60,000 people with financial links have received help since the Pradhan Mantri Formalization of Micro Food Processing Enterprises (PMFME) Yojana was put into effect.