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Loan Limit Under MUDRA Scheme to Be Doubled to Rs 20 Lakh: Nirmala Sitharaman

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New Delhi, India

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2024-25 in Lok Sabha. (PTI)

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2024-25 in Lok Sabha. (PTI)

Presenting the Budget for 2024-25 in the Lok Sabha, she said the government will launch the scheme to provide internship opportunities to 1 crore youth in the top 500 companies over the next five years

Finance Minister Nirmala Sitharaman on Tuesday said the loan limit under the MUDRA scheme will be doubled to Rs 20 lakh.

Presenting the Budget for 2024-25 in the Lok Sabha, she said the government will launch the scheme to provide internship opportunities to 1 crore youth in the top 500 companies over the next five years.

Further, the finance minister added that the Centre would promote investment-ready industrial parks in 100 cities.

The government will facilitate dormitory-type rental housing for industrial workers in public-private partnership (PPP) mode.

Sitharaman also announced that the government will launch an auction of the first offshore mining blocks and will set up a Critical Mineral Mission to acquire assets overseas.

She also said Rs 20,000 crore will be allocated for highways in Bihar.

Stay informed with our comprehensive coverage of Union Budget 2024. Get the latest on new income tax slab rates for AY 2024-25 in Income Tax Slabs Budget 2024 LIVE Updates . Track the impact of Budget 2024 on the stock market in Stock Market Budget Day 2024 LIVE Updates.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI)
first published:July 23, 2024, 12:38 IST
last updated:July 23, 2024, 12:38 IST