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With reference to the Union Budget 2024-25, consider the following statements
The Budget includes measures to revive the Micro, Small, and Medium Enterprises (MSME) sector through credit guarantees.
The Budget indicates that government is relying more on private investments.
The Budget has outlined initiatives to improve education and healthcare.
The Budget is inclined more towards a service-oriented economy rather than manufacturing.
How many of the statements given above are correct?
Only One
Only Two
Only Three
All Four
Statements 1,2 and 3 are correct. The budget has introduced several measures to support MSMEs, including a credit guarantee scheme, Mudra loan limit increase, and other financial and regulatory supports. The budget continues to emphasize private investments, especially through initiatives like the Production Linked Incentive (PLI) scheme, which is aimed at boosting manufacturing and attracting private investment?. The budget allocates increased funds for healthcare, including programs under the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission (PMABHIM) and Ayushman Bharat-PMJAY. Additionally, the budget focuses on education through increased allocations and programs aimed at improving infrastructure and access?. It also includes significant allocations and initiatives for education, such as digital learning and vocational training, and healthcare, including increased funding and exemptions for certain cancer drugs.
Statement 4 is incorrect. The budget places substantial emphasis on manufacturing, with initiatives like the National Industrial Corridor Development Programme and support for MSMEs in the manufacturing sector. It also includes measures like tax clarifications for new manufacturing units and incentives for sectors like green mobility and electronics manufacturing?. Hence, it presents a balance between service sector and manufacturing.
Hence option 3rd is correct.
By: Shubham Tiwari ProfileResourcesReport error
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