Interim budget 2024 focuses on youth empowerment and innovation Industry

The Finance and Corporate Affairs Minister Nirmala Sitharaman, while presenting the Interim Union Budget for 2024-2025 in Parliament today emphasized improving people’s capability and empowering them to make India developed by 2047.

Making a slew of announcements, Sitharaman announced that for our tech-savvy youth, this will be a golden era, as a corpus of rupees one lakh crore will be established with a fifty-year interest-free loan. “The corpus will provide long-term financing or refinancing with long tenures and low or nil interest rates. This will also encourage the private sector to scale up research and innovation significantly in sunrise domains,” Sitharaman said.

For Anshuman Das, CEO and Co-Founder, Careernet, the financial provisions outlined by the finance minister signals a paradigm shift, especially in the empowerment of women. “With 300 million Mudra Yojana loans, the nation is fostering entrepreneurial spirit, while the remarkable 28% surge in female enrolment in higher education speaks volumes about the strides in education equality. Notably, our optimism is further fuelled by the impressive 43% representation of girls and women in STEM courses, showcasing a commitment to diversity and inclusivity. This budget sets the stage for a more inclusive and vibrant employment landscape.”

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