Budget 2024: 6 major schemes where government has enhanced allocation

By Priyanka Deshpande

CNBC-TV18.com

Published Feb 01, 2024

Finance Minister Nirmala Sitharaman on February 1 presented her sixth consecutive Union Budget. In her last Budget before the Lok Sabha elections, she announced increased allocations to various schemes that are shaping the nation's socio-economic landscape.

MGNREGA

Mahatma Gandhi National Rural Employment Guarantee

Mahatma Gandhi National Rural Employment Guarantee

2024-2025 (BE)₹86,000cr

2023-2024 (BE)₹60,000cr

MGNREGA aims to alleviate poverty and promote rural development through 100 days of guaranteed wage employment, fostering economic empowerment and social inclusion.

PLI

Production Linked Incentive

Production Linked Incentive

2024-2025 (BE)₹6,200cr

2023-2024 (BE)₹4,645cr

The PLI scheme for large-scale manufacturing is meant to provide incentives to producers.

Solar Power (Grid)

Solar Power (Grid)

2024-2025 (BE)₹8,500cr

2023-2024 (BE)₹4,970cr

AYUSHMAN BHARAT - PMJAY

Pradhan Mantri Jan Arogya Yojana

Pradhan Mantri Jan Arogya Yojana

2024-2025 (BE)₹7,500cr

2023-2024 (BE)₹7,200cr

Ayushman Bharat - PMJAY scheme aims to provide free access to health insurance coverage for low income earners in the country

Modified Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India

Modified Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India

2024-2025 (BE)₹6,903cr

2023-2024 (BE)₹3,000cr

The Modified Programme aims to boost domestic production, reduce imports, and establish a self-reliant semiconductor and display manufacturing ecosystem for economic growth.

National Green Hydrogen Mission

National Green Hydrogen Mission

2024-2025 (BE)₹600cr

2023-2024 (BE)₹297cr

The National Green Hydrogen Mission aims to accelerate the production and use of green hydrogen as a clean energy source, promoting sustainability and reducing carbon emissions in India.