Top 10 Budget 2024 Changes You Need to Know! Check Description For details!! #budget#finance

In today's Union Budget 2024 announcement, Finance Minister Nirmala Sitharaman introduced significant changes and initiatives, with the new tax regime being a focal point. The budget, which covers nine key priorities, has implications for multiple sectors, including agriculture. Here are the top 10 points you need to know about the Budget 2024:

1. **New Tax Regime Budget 2024**:
- Revised tax rates impact taxpayers earning between ₹6-7 lakh and ₹9-10 lakh, now taxed at 5% and 10%, respectively.
- Salaried taxpayers in the new regime can save ₹17,500 in income tax.

2. **Employment and Skilling**:
- Introduction of an internship scheme for one crore youth over five years.
- Employment-linked incentives and wage support for first-time employees.
- Establishment of 1,000 industrial training institutes and skill-based training for 20 lakh youth.

3. **MSME and Manufacturing Support**:
- Credit guarantee schemes and term loans for MSMEs.
- Technology support packages and new SIDBI branches for MSME clusters.

4. **Financial Initiatives**:
- Education loans up to ₹10 lakh for domestic higher education.
- Mudra loan limit increased to ₹20 lakh.

5. **Agriculture and Rural Development**:
- Allocation of ₹1.52 lakh crore for agriculture.
- Release of 109 high-yielding, climate-resilient seeds.

6. **Infrastructure and Regional Development**:
- ₹15,000 crore support for Andhra Pradesh.
- New airports, medical facilities, and sports infrastructure for Bihar.

7. **Inflation and Economic Growth**:
- Goal to reduce inflation to 4%.
- Focus on job creation and boosting consumption to benefit various sectors.

8. **Nine Priority Areas**:
- Focus areas include Agriculture, Employment, Inclusive Development, Manufacturing and Services, Urban Development, Energy, Infrastructure, Innovation and R&D, and Next-Generation Reforms.

9. **Women and Social Welfare**:
- Over ₹3 lakh crore allocated for schemes benefiting women and girls.
- Extension of the PMGKAY scheme for five years.

10. **Digital and Technological Advancements**:
- Development of Digital Public Infrastructure (DPI) applications for credit, e-commerce, law and justice, and corporate governance.

Stay informed with our detailed coverage on each of these points and their implications for the future.