Delhi Budget 2024-25: Allocation of Funds for Infra Development

Introduction

The Delhi budget 2024–25 reflects a proactive approach to bolstering the city’s infrastructure and enhancing livability. Key focus areas include investment in public transportation, healthcare facilities, and education, demonstrating a commitment to improving the quality of life for Delhi residents.

Initiatives to promote sustainable development and address environmental concerns are also highlighted in the budget. Showcasing a comprehensive strategy for the city’s growth and progress.

Table of Contents

• Delhi’s Budget in 2024-25 is Rs.76,000 crore
• Delhi Budget Infra Development Highlights
• Major Announcements for Infra Development
• Allotment of Delhi Budget Funds

With a significant budget allocation worth Rs 76,000 crores for sectors like housing, energy and transportation, the State government stressed the growth of infrastructure developments. This investment is expected to create more job opportunities, boost economic growth, and improve the overall quality of life for residents.

The government aims to enhance connectivity, accessibility, and sustainability through these infrastructure projects. The projects are also expected to attract more private investments, further accelerating the development of the state. By focusing on these key sectors, the government is laying a strong foundation for long-term growth and prosperity.

Delhi’s Budget in 2024-25 is Rs.76,000 crore

On March 4, 2024, the State Assembly passed the Delhi Finance Minister’s recent state budget for 2024–25 of Rs. With a massive outlay of Rs 76,000 crores, the government has announced several major announcements aimed at improving the welfare of the state’s residents. Importantly, the government has demonstrated a long-term focus on improving connectivity and city infrastructure by allocating specific budget allocations to the sector.

This article covers key highlights of Delhi’s budget infra developments, major focus areas, and the sectoral share of funds towards infrastructure upgrades. It is heartening to see such a firm commitment to improving the lives of the citizens of Delhi.

Delhi Budget Infra Development Highlights

To work dedicatedly on the welfare of the people and improve the connectivity network, the Delhi government has presented a blueprint for the sustainable development of the city. Some of the highlights of the Delhi Budget Infra Developments are given below:

• Rs. 1,768 crore has been allocated for road and infrastructure projects under PWD this year. That is almost half of the budget estimate (BE) allocated last year
• Delhi’s gross domestic product (GDP) nearly tripled to Rs 11.08 lakh crore, compared to Rs 4.95 lakh crore in the last decade of 2014–15.
• Seven new flyovers and underpasses will be opened for public use by the end of this year to ease congestion in Delhi.
• Punjabi Bagh and Raja Garden flyovers, Barapulla Phase III flyovers, and double-decker metro flyovers at Brijpuri Junction over Karawal Nagar will be opened by the end of this year.
• Other flyovers and underpasses, like the Nand Nagari to Gagan Cinema Junction Flyover, the Rani Jhansi Road Junction to Azadpur Corridor Double Decker Metro Flyover, the Anand Vihar to Apsara Border Flyover, Outer Ring Road Underpass near Mukarba Chowk, will be opened to the public.

Major Announcements for Infra Development

Delhi Government released Budget 2024-25 for Infrastructure Development. Infrastructural development in Delhi will be given considerable priority. Funds earmarked by the Delhi government will help strengthen projects such as road widening, metro network extensions and construction of modern facilities. This strategic investment aims to improve transport efficiency while reducing congestion and promoting sustainable urban growth.

• Rs. 9,800 crore has been allocated for various schemes under the housing and urban development sector
• Funds worth Rs. 5,702 crores have been earmarked for public transport, of which Rs. 500 crores will be used for Delhi Metro.
• Rs 1,768 crore has been allocated for roads and infrastructure projects under the Public Works Department (PWD).
• Allocation of Rs.900 crores to improve road infrastructure in more than 300 villages of Delhi
• A budget of Rs. 800 crores was announced for the development of urbanized villages
• A budget estimate of Rs. 902 crore has been announced for the expansion of roads and drains in unauthorized colonies.
• Member of Legislature Local Area Development (MLAAD) Scheme Rs. 400 crores received.
• Under the Delhi Budget2024–255, the Chief Minister Sadak Renovation Yojana and Chief Minister Street Light Scheme received Rs. received.

Allotment of Delhi Budget Funds

In the 2024-25 budget, the Delhi government has focused on sectors such as housing, infrastructure and public transport. Each sector received targeted investments for development. The government has allocated substantial funds to build affordable housing and improve the overall infrastructure of the city.

There is a strong emphasis on improving the public transport system to make it more efficient and accessible to all residents. The budget also targets key issues like pollution control, healthcare and education to improve the quality of life of Delhi residents. The government’s comprehensive approach reflects its commitment to holistic development and sustainable growth in the region.

The table given below shows the allocation of funds to each region in the Delhi Budget 2024-25:

Conclusion

Delhi released Budget 2024-25. The government is focusing on infrastructure in Delhi. The budget allocates funds for the development of roads, bridges, and public transportation systems. There are provisions for improving healthcare facilities and education in the city. The government aims to enhance the overall quality of life for residents by investing in key sectors. This budget reflects a commitment to sustainable growth and progress in Delhi. For more information, visit openplot.

Also read: Affordable Housing Scheme: Many Nuances to Consider