Budget 2024: Railways Allocated Rs 255,393 Crore, A Hike Of Over Rs 12,000 Crore From 2023-24

The Union Budget has allocated allocated Rs 255,393 crore for the Indian Railways for the year 2024-25, as against Rs 243,271.84 crore in 2023-24.

The outlay includes Rs 200 crore from Nirbhaya Fund, Rs 3,000 crore from internal resources and Rs 10,000 crore from extra burrowing.

As per the Demands for Grants for 2024-25, the fund allocation in the rail sector has witnessed an increase of Rs 12,122 crore from the previous year.

Reimbursement of losses on operation of strategic lines has been kept at Rs 2,648 crore in Budget Estimate 2024-25, as against Rs 2,491.84 crore in the Revised Estimate 2023-24.

An amount of Rs 745 crore has been provided in 2024-25 towards debt servicing market borrowings for national projects.