The interim budget for 2024 makes a step forward in the direction of inclusive development

The interim budget for 2024 makes a step forward in the direction of inclusive development

"It is encouraging to see that the government is putting its efforts towards financial autonomy and agency of women from every stratum of society," says Shanai Ghosh, MD & CEO of Zoono General Insurance.

The Budget's pledge to combine maternity and child care into a single plan, according to Shanai Ghosh, MD and CEO of Zoono General Insurance, is a positive move.

The government's dedication to inclusive growth, sustainable development, and empowerment was reflected in the Interim Budget 2024. It is multifaceted in its approach and unwavering in its pursuit of a $5 trillion economy.

Fundamentally, the Budget is about constructing the future by including all facets of society in creative, socially and ecologically conscious progress. As it has done for the last several years, the government increased capital spending by 11% while maintaining its commitment to nation-building.

A number of other measures made in the Budget 2024 are in line with expectations. In addition, the current budget places a lot of emphasis on three key subjects.

empowering and facilitating women's potential realization

A further demonstration of the belief in 'women power', which was brilliantly shown during the 75th Republic Day Parade in the capital last month, is the admirable provision of a Rs 34 crore Mudra Yojana loan to female entrepreneurs. The objective of this project is to enable women to have a more significant role in the economic sphere.

Using the influence of 83 lakh Self Help Groups, the "Lakhpati Didi" project is another attempt to connect with women at the local level of society; the program's objective has been raised to three crore women. The government's initiatives to empower women from all walks of life and to help them become financially independent are encouraging.

Our basic beliefs are closely aligned with the progressive move of include maternity and child care in the budget under the same plan. It reflects a comprehensive approach to family wellness by guaranteeing moms and newborns get continuous healthcare at crucial periods. We adhere to this plan.We are here to help you every step of the way because we know how crucial it is to have a happy and healthy family.

Encouraging innovation powered by technology

Together with a 50-year interest-free loan for our tech-savvy young, the sizeable commitment of Rs 1 lakh crore is a revolutionary step in fostering innovation and research in developing industries.

This effort satisfies the hopes of a youthful India while paving the route for technical advancement. We believe that this is a significant time for innovation and development driven by technology, one that will bring about opportunities consistent with our dedication to advancement.

laying the groundwork for growth that is ecologically conscious

The Budget highlights the government's commitment to green development by introducing a visionary strategy for bio-manufacturing and steps to improve energy production towards renewable sources of solar and wind power, in line with global sustainability targets. Does. India is positioned as a leader in environmentally responsible innovation because to these measures.

In order to promote clean and sustainable transportation, the government has committed to strengthening the electric vehicle (EV) ecosystem by assisting with production and infrastructure for charging EVs. This fits in well with our country's objective of environmental awareness and technical progress. We see this as a forward-thinking project that is consistent with our dedication to sustainability and eco-friendly operations.

The economy is resilient, showing strong growth momentum despite global obstacles, as seen by the statistics presented for FY2024. Projections for FY2024–25 also seem to be solid. The Interim Budget 2024 paves the path for a sustainable future that promotes inclusive, socially and ecologically responsible development and nation-building. This is indeed the Decade of India.