Budget 2024-25: FM allocates more than Rs 11 lakh crore for Capital Expenditure

Finance Minister Nirmala Sitharaman announced an allocation of ₹11.11 lakh crore for capital expenditure in the 2024-25 budget, focusing on infrastructure development. This includes ₹1.5 lakh crore in interest-free loans to states to boost their infrastructure spending. Phase IV of the Pradhan Mantri Gram Sadak Yojana (PMGSY) will provide all-weather connectivity to 25,000 rural habitations. The budget also addresses infrastructure needs for irrigation, flood management, and reconstruction in states affected by natural disasters like floods and landslides.