Budget 2024: Finance Minister Nirmala Sitharaman announces special schemes for Bihar
Key takeaways
- Union Finance Minister Nirmala Sitharaman on July 23 announced several schemes for Bihar in her Budget 2024 speech.
- The government will support the development of an industrial node in Gaya, Bihar, on the Amritsar-Kolkata industrial corridor, Ms.
Why this matters: an international story with cross-border implications worth tracking.
Union Finance Minister Nirmala Sitharaman on July 23 announced several schemes for Bihar in her Budget 2024 speech. The schemes are a part of a larger plan titled “Purvodaya”, which covers the all-round development of eastern States including Bihar, Jharkhand, West Bengal, Odisha, and Andhra Pradesh.
The government will support the development of an industrial node in Gaya, Bihar, on the Amritsar-Kolkata industrial corridor, Ms. Sitharaman announced. “The industrial node at Gaya will also be a good model for developing our ancient centres of cultural importance into future centres of modern economy...this model will showcase ‘vikas bhi, virasat bhi’ [development as well as culture],” she added.