This year s interim budget, presented by Finance Minister Nirmala Sitharaman, takes place in a turbulent global economic environment. Despite this, the budget maintains a balance between economic growth and fiscal consolidation, with a fiscal deficit of 5.1% of GDP. The budget also supports capital expenditure and rural infrastructure, promotes investment in post-harvest infrastructure, and establishes a corpus for interest-free loans to support research and innovation.
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Construction of two crore more houses will be done under the Pradhan Mantri Awas Yojana (Gramin) in the next five years, Finance Minister Nirmala Sitharaman said on Thursday.
In the Interim Budget for 2024, Finance Minister Nirmala Sitharaman announced the construction of two crore additional houses under the Pradhan Mantri Awas Yojana (Gramin) over the next five years. Despite challenges posed by the COVID-19 pandemic, the implementation of the PMAY (Gramin) has continued, and the government is on track to achieve the target of constructing three crore rural houses soon.
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