Union Minister for Finance and Corporate Affairs Nirmala Sitharaman presented the Interim Union Budget 2024-25 in Parliament. The key highlights of the Budget are as follows:

• The government assisted 25 crore people out of multi-dimensional poverty in the last 10 years.
• DBT of Rs.34 lakh crore using PM-Jan Dhan accounts led to savings of Rs.2.7 lakh crore for the Government.
• PM-SVANidhi provided credit assistance to 78 lakh street vendors. 2.3 lakh have received credit for the third time.
• PM-JANMAN Yojana to aid the development of particularly vulnerable tribal groups.
• PM-Vishwakarma Yojana provides end-to-end support to artisans and craftspeople engaged in 18 trades.
• PM-KISAN SAMMAN Yojana provided financial assistance to 11.8 crore farmers.
• Under PM Fasal BimaYojana, crop insurance is given to four crore farmers.
• Electronic National Agriculture Market (e-NAM) integrated 1361 mandis, providing services to 1.8 crore farmers with a trading volume of Rs.3 lakh crore.
• 30 crore Mudra Yojana loans given to women entrepreneurs.
• Female enrolment in higher education has gone up by 28 per cent.
• In STEM courses, girls and women constitute 43 per cent of enrolment, one of the highest in the world.
• Over 70 per cent of houses under PM Awas Yojana are given to women from rural areas.
• Two crore more houses to be taken up in the next five years.
• One crore households obtain 300 units of free electricity every month through rooftop solarization. Each household is expected to save Rs.15000 to Rs.18000 annually.
• Healthcare coverage under the Ayushman Bharat scheme is to be extended to all ASHA workers, Anganwadi Workers and Helpers.
• Pradhan Mantri Kisan Sampada Yojana has benefitted 38 lakh farmers and generated 10 lakh employment.
• Pradhan Mantri Formalisation of Micro Food Processing Enterprises Yojana has assisted 2.4 lakh SHGs and 60000 individuals with credit linkages.
• A corpus of Rs.1 lakh crore is to be established with a fifty-year interest-free loan to provide long-term financing or refinancing with long tenors and low or nil interest rates.
• A new scheme is to be launched for strengthening deep-tech technologies for defence purposes and expediting ‘atmanirbharta’.
• Capital expenditure outlay for Infrastructure development and employment generation is to be increased by 11.1 per cent to Rs.11,11,111 crore, which will be 3.4 per cent of the GDP.
• Three major economic railway corridor programmes were identified under PM Gati Shakti to be implemented to improve logistics efficiency and reduce cost.
• Forty thousand normal rail bogies are to be converted to Vande Bharat standards.
• The number of airports in the country doubled to 149.
• Five hundred and seventeen new routes are carrying 1.3 crore passengers.
• Indian carriers have placed orders for over 1000 new aircraft.
• Coal gasification and liquefaction capacity of 100 MT to be set up by 2030.
• A phased mandatory blending of compressed biogas (CBG) in CNG for transport and PNG for domestic purposes is to be mandated.
• States are to be encouraged to take up comprehensive development of iconic tourist centres including their branding and marketing at a global scale.
• Framework for rating of the tourist centres based on quality of facilities and services to be established.
• Long-term interest-free loans are to be provided to States for financing such development on a matching basis.
• FDI inflow during 2014-23 of USD 596 billion was twice the inflow during 2005-14.
• A provision of Rs.75,000 crore rupees as a fifty-year interest-free loan is proposed to support milestone-linked reforms by the State Governments.
• Revised Estimates of the total receipts other than borrowings are Rs.27.56 lakh crore, of which the tax receipts are Rs.23.24 lakh crore.
• RE of the total expenditure is Rs.44.90 lakh crore.
• Revenue receipts at Rs.30.03 lakh crore are expected to be higher than the Budget Estimate, reflecting strong growth momentum and formalization in the economy.
• RE of the fiscal deficit is 5.8 per cent of GDP for 2023-24.
• Total receipts other than borrowings and the total expenditure are estimated at Rs.30.80 and Rs.47.66 lakh crore respectively.
• Tax receipts are estimated at Rs.26.02 lakh crore.  
• Scheme of a fifty-year interest-free loan for capital expenditure to states to be continued this year with a total outlay of Rs.1.3 lakh crore.
• The fiscal deficit in 2024-25 is estimated to be 5.1 per cent of GDP.
• Gross and net market borrowings through dated securities during 2024-25 are estimated at Rs.14.13 and Rs.11.75 lakh crore respectively.
• No tax liability for income up to Rs.7 lakh, up from Rs.2.2 lakh in  FY 2013-14.
• The presumptive taxation threshold for retail businesses increased to Rs.3 crore from Rs.2 crore.
• The presumptive taxation threshold for professionals increased to Rs.75 lakh from Rs.50 lakh.
• Corporate income tax decreased to 22 per cent from 30 per cent for existing domestic companies.
• The corporate income tax rate at 15 per cent for new manufacturing companies.

• The average processing time of tax returns has reduced to 10 days from 93 days in 2013-14.
• Faceless Assessment and Appeal were introduced for greater efficiency.