Assurances for Andra Pradesh and Bihar, new schemes for Youth, and more: Major highlights of Finance Minister’s Budgetary speech
Op IndiaOn Tuesday, Finance Minister Nirmala Sitharaman presented the Annual Financial Statement before the Lok Sabha. Financial assistance for Andra Pradesh Recognising Andhra Pradesh’s need for capital, the Union government will facilitate special financial support through multi-lateral development agencies. Employment and Skill development As part of the Prime Minister’s package, the Finance Minister announced that the Union government will implement three schemes for Employment-linked incentives. Skill development program: The Union government has announced a new centrally Skill development loans: The model loan schemes will be revised to facilitate loans up to Rs 7.5 lakh with a guarantee from a government-promoted fund. Infrastructure The Union government will make a provision of Rs 1.5 lakh crore for long-term interest-free loans this year to support the states in their resource allocation.