Page 36 - NIS English Aug 1-15, 2024
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Budget
2024-2025
Infrastructure
Infrastructure for building a new India
To strengthen the country's infrastructure, the central government has completed many ambitious
projects in the last 10 years. Not only is the infrastructure budget being increased every year, but
Prime Minister Narendra Modi is personally monitoring the projects that are being started or are
stuck to ensure their timely completion from the PRAGATI platform. Investing in infrastructure
also has a positive impact on the economy. To improve the quality of life of the common people,
modernizing the transport network by expanding connectivity, developing urban facilities as
well as promoting inclusive and sustainable development in the country with digital public
infrastructure, the government has made a provision of Rs 11,11,111 crore for capital expenditure
in the budget for the financial year 2024-25, which is 3.4 percent of our GDP...
Capital expenditure increased, and infrastructure strengthened
11,11,111 n The capital budget for 2024-25 has increased 2.2 times as
Rs compared to the financial year 2021-22.
crore, provision for capital expenditure
n Provision of long-term interest-free loans of Rs 1.5 lakh crore
which will be 3.4 percent of our GDP.
to states to support their infrastructure investments.
11,500 n Phase-4 of Pradhan Mantri Gram Sadak Yojana will provide
Rs all-weather road connectivity to 25,000 rural habitations.
n
crore to be provided by the government Assistance will be provided to Assam and Himachal
through programs like the Accelerated Pradesh for flood management, and Uttarakhand and
Irrigation Benefit for projects such as Sikkim for dealing with losses due to cloudbursts, flash
Kosi-Mechi Interstate Link. floods, and landslides.
Increasing capital
expenditure n Private sector investment in infrastructure will be
2021-21 5.9 encouraged through VGF and enabling policies and
2022-23 7.4 regulations. A market-based financing framework will be
created.
2023-24 9.5
2024-25 11.1
Note: Figures in Lakh Crore rupees
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