Union Budget 2024: Loan limit under MUDRA scheme to be doubled to Rs 20 lakh: FM Nirmala Sitharaman

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Union Budget 2024: The government will facilitate dormitory-type rental housing for industrial workers in public-private partnership (PPP) mode.

Union Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday said the loan limit under the MUDRA scheme will be doubled to Rs 20 lakh.

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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 top 500 companies over the next five years.

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

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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 auction of the first offshore mining blocks and will set up Critical Mineral Mission to acquire assets overseas.

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