Budget 2024: Government will give first month’s salary to new EPFO employees, The finance minister announced

Budget 2024: Union Finance Minister Nirmala Sitharaman is presenting her seventh Union Budget for the financial year 2024-2025.

Budget 2024: Union Finance Minister Nirmala Sitharaman is presenting her seventh Union Budget for the financial year 2024-2025. During this, a big announcement has been made for the employed people. Finance Minister Sitharaman said in her budget speech that the government will give the first month’s salary to the people getting employment in the organized sector. Both the employee and the employer will be given help. Apart from this, the government will also contribute to EPFO ​​in the first 4 years of employment. Under this, the government will give a help of Rs 3000 every month to the employer. Apart from this, the government said on Tuesday that it will start three employment related schemes.

Government will launch three employment related schemes

Presenting the Union Budget for 2024-25 in the Lok Sabha, Finance Minister Nirmala Sitharaman said that the government will encourage 30 lakh youth entering the job market by contributing one month’s PF. She announced that hostels for working women will be set up in the country to promote women’s participation in the workforce. The Finance Minister said that the government will provide funds to the private sector, sector experts and others to develop climate-friendly seeds.

The already existing scheme – MNREGA (Mahatma Gandhi National Rural Employment Guarantee) aims to provide 100 days of employment in a financial year to at least one member of every family.

What did the Finance Minister do?

Let us tell you that while presenting the budget in the Lok Sabha after the BJP’s victory in the general elections 2024, Nirmala Sitharaman announced Rs 1.48 lakh crore for education, employment and skills in the country. Presenting Budget 2024-25, Finance Minister Sitharaman said, “I am happy to announce the Prime Minister’s package of 5 schemes and initiatives to facilitate employment, skill and other opportunities for 4.1 crore youth over 5 years with a central outlay of Rs 2 lakh crore.” The Finance Minister said, “This year we have made a provision of Rs 1.48 lakh crore for education, employment and skill.”

Record in the name of Nirmala Sitharaman

Finance Minister Nirmala Sitharaman is set to create history by presenting her seventh consecutive budget for the financial year 2024-25 on Tuesday. In this way she will break the record of former Prime Minister Morarji Desai. However, the record of presenting the budget the most number of times is still held by Desai. Sitharaman will turn 65 next month. She was made the first full-time woman Finance Minister of India in 2019. This year Prime Minister Narendra Modi formed the government for the second consecutive time at the Center. Since then Sitharaman has presented six consecutive budgets, including an interim one in February this year.

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