INTERIM BUDGET 2024-25

1. Budget
2. All Govt.
Schemes
3. Financial
Terms
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 ABOUT BUDGET
• Presented every Year by FM on 1 Feb
• Article 112 - Annual Financial Statement
(AFS)
• Statement of the Estimated receipts and
expenditure of the Government in a
financial year
• Budget prepared by Department of
Economic Affairs
 BUDGET HIGHLIGHTS
• Focus on 4 areas- Youth, Poor, Women &
Farmer
• “Garib Kalyan, Desh ka Kalyan”
1. DBT (Direct Benefit Transfer)-34 lakh crore in
PM-Jan Dhan accounts.
2. PM-SVANidhi – credit assistance to 78 lakh
street vendors.
3. PM-JANMAN Yojana –development of
particularly vulnerable tribal groups (PVTG).
4. PM-Vishwakarma Yojana - end-to-end
support to artisans and crafts people
PM Jan Dhan Yojana (PMJDY)- August 28, 2014 (MoF)
• 0 balance, promotion of financial inclusion, Accidental insurance of
1 Lakh (2 lakh for accounts opened after 28.08.2018), Rupay
Card, OD facility of 10K, Jan darshak app, 55.5% accounts belong
to women

PM-SVANidhi (Prime Minister Street Vendor’s AtmaNirbhar Nidhi) –

01.06.2020 (MoHUA)
• Loans (without collateral) to street vendors (10k, 20k & 50k) by
MFI, NBFC, SHG
• Interest subsidy of 7%
• 49.48 L street vendors in India

PM-JANMAN Yojana (Janjati Adivasi Nyaya Maha Abhiyan

Scheme) – 15.11.2023 (In Khunti, Jharkhand on the occasion
of Janjatiya Gaurav Diwas.)
• Under PMAY-Grameen , scheme budget- 24,000 Cr || 15,000 cr in
next 3 years under Development Action Plan for the Scheduled
Tribes (DAPST).
• ST population in India – 10.45 Cr (2011 Census)
 • Welfare of ‘Annadata’

1. PM-KISAN Yojana - financial assistance to 11.8 crore

farmers.
2. PM Fasal BimaYojana- crop insurance to 4 crore farmers
3. Electronic National Agriculture Market (e-NAM)
integrated 1361 mandis (trade volume 3 L Cr)

PM-KISAN Yojana(Pradhan Mantri Kisan Samman Nidhi) – 24 Feb

2019, Ministry of Agriculture and Farmers Welfare
• 6,000 per year in 3 installments to farmers with land upto 2
hectares

PM Fasal BimaYojana – 13 May 2016

• insurance coverage and financial support to the farmers in the
event of failure
 Momentum for Nari Shakti
1. 30 crore Mudra Yojana loans - women entrepreneurs.
2. Female enrolment in higher education – increased by 28%.
3. In STEM courses, girls and women -43% of enrolment
4. Over 70% houses under PM Awas Yojana -women from rural areas.

PMMY (Pradhan Mantri Mudra Yojana) – 8 April 2015

1. MUDRA- Micro Units Development & Refinance Agency Ltd
•Shishu: up to Rs. 50,000.
•Kishore: Rs. 50,000 -Rs. 5 lakh.
•Tarun: Rs. 5 lakh -Rs. 10 lakh.
•Loans are Collateral Free

•PM Awas Yojana (Housing for All by 2022)

1. PMAY-G = 1st April, 2016, Ministry of Rural development
(Target of 3 crore houses to be achieved soon, 2 Cr houses more to
be taken up in next 5 years)
2. PMAY-U = 25th June 2015, Ministry of Housing and Urban Affairs
1. 1 crore households- 300 units free electricity every month through rooftop
solarization
2. Ayushman Bharat -extended ASHA workers, Anganwadi Workers and
Helpers
3. 3 major economic railway corridor programmes under PM Gati Shakti
• Energy, mineral and cement corridors
• Port connectivity corridors
• High traffic density corridors
4. Forty thousand normal rail bogies to be converted to Vande Bharat standards
5. Number of airports-149
6. Coal gasification and liquefaction (100 MT Capacity) setup by 2030
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY)– 2018
• provide universal health coverage to the poor and vulnerable sections
• health cover of Rs 5 lakh per family per year

PM Gati Shakti (13 October 2021)

• National Master Plan for multi-modal connectivity plan, with the aim of
coordinated planning and execution of infrastructure projects to bring
down logistics costs.
• subsume the Rs 110 lakh crore National Infrastructure Pipeline
• bring together 16 infrastructure related Ministries
 CAPITAL EXPENDITURE OUTLAY
• Capital Expenditure outlay- Rs. 11,11,111
Crore (Approx 3.4 % of GDP)
• Increased by 11.1 % as compared to previous
year
• India’s Real GDP Projection in budget- 7.3%
(According to RBI-7%, ADB-6.7%, World
Bank-6.4%, IMF-6.3%, OECD-6.1%)
COMPONENTS OF BUDGET
• Revenue (No impact on Assets or liabilities of the government)
• Revenue Receipts - E.g. tax (such as excise duty, income tax) and
non-tax sources (such as dividend income, profits, interest receipts).
• Revenue Expenditure –E.g. salaries, interest payments, pension, and
administrative expenses.

• Capital (Increase or Decrease in Assets or Liabilities of Govt )

• Capital Receipts - decrease in assets or an increase in liabilities. It
consists of: (i) the money earned by selling assets (or disinvestment)
such as shares of public enterprises, (ii) the money received in the
form of borrowings or repayment of loans by states.
• Capital expenditure- create assets or to reduce liabilities. It consists of:
(i) the long-term investments by the government on creating assets
such as roads and hospitals, and (ii) the money given by the
government in the form of loans to states or repayment of its
borrowings.

• Non-Tax Revenue: interest receipts (received on loans given by the

government to states, railways and others) and dividends and profits
received from public sector companies.
• Direct Tax: Income tax, Corporate Tax, Capital Gains tax etc.
• Indirect Tax: GST, Excise, Custom duty etc.
1. FDI inflow during 2014-23- 596 Billion Dollars (Twice
of inflow during 2005-14)
2. Rs. 75,000 crore- Interest free loans to State Governments
3. RE of fiscal deficit - 5.8 % of GDP for 2023-24.
Budget Estimates 2024-25
•Total receipts other than borrowings - Rs.30.80 lakh crore
•total expenditure -Rs.47.66 lakh crore
•Tax receipts -Rs.26.02 lakh crore.
•Scheme of fifty-year interest free loan for capital
expenditure to states to be continued this year with total
outlay of Rs.1.3 lakh crore.
•Fiscal deficit in 2024-25 -5.1 per cent of GDP
•Gross and net market borrowings through dated securities
during 2024-25 are estimated at Rs.14.13 and Rs.11.75 lakh
crore respectively.
• FDI: investment made by a firm or individual in one country into
business interests located in another country (eg Plant, machinery
etc.) whereas FPI, FII are about investing in financial assets like
the bonds and stocks of another country.

• Balanced, Surplus and Deficit Budget

1. Balanced Budget –expected expenditure =anticipated receipts
2. Surplus Budget –expected revenues > estimated expenditure
3. Deficit Budget- expenditure > revenue

• Fiscal Deficit: It is the gap between the government’s expenditure

requirements and its receipts. This equals the money the government
needs to borrow during the year.
Fiscal Deficit = Total expenditure – (Revenue receipts + Non-debt
creating capital receipts). It indicates the total borrowing
requirements of the government from all sources.
• From the financing side: Gross fiscal deficit = Net borrowing at home +
Borrowing from RBI + Borrowing from abroad

Primary deficit = Fiscal deficit – Interest payments

Allocation in % age
Previous Budget Increase

5.94 4.38 %

2.7 2.96 %

2.4 6.25 %

2.06 3.40 %

1.96 3.57 %

1.60 10.63 %

1.78 -5.62 %

1.23 11.38 %

1.25 1.60 %
 DIRECT TAXES
No change in Tax slabs
Outstanding tax demands upto 25k, for FY 2009-10 Withdrawn
upto 10k, for 2010-11 to 2014-15 withdrawn

Indirect taxes
Average monthly gross GST collection-1.66 Lakh crore

WHITE PAPER
Purpose: comprehensive information, analysis, and proposals on
a specific topic or issue

MISCELLANEOUS
Encourage Cervical Cancer Vaccination for girls (9-14 years)
U-WIN platform for immunisation efforts of Mission Indradhanush to be
rolled out
5 Integrated Aquaparks to be set up