Budget 2024-25 Allocations Reinforce Commitment to Core Poverty Alleviation Schemes
February 1, 2024
The Union Budget 2024-25, presented by the Finance Minister, maintained significant allocations for flagship poverty alleviation programs. MGNREGA received ₹86,000 crore (BE), indicating its continued role as a crucial rural employment safety net. The Pradhan Mantri Awas Yojana (PMAY) was allocated ₹80,671 crore (BE), underscoring the government's 'Housing for All' vision. Furthermore, the food subsidy under the National Food Security Act (NFSA) remained substantial at ₹2,05,250 crore (BE). These allocations reflect the government's sustained focus on social sector spending and its reliance on established welfare architecture to address poverty and ensure basic necessities. The budget also emphasized leveraging digital public infrastructure for efficient delivery, aligning with the broader DBT strategy.
UPSC Angle: Analyze the continuity and changes in government's approach to poverty alleviation. Discuss the implications of these budget allocations on rural employment, housing, and food security. Evaluate the role of digital infrastructure in enhancing program efficiency and reducing leakages. Connect to [VY:ECO-07-03] on public expenditure and fiscal policy.