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.

According to the Railways, in 2022-23, the national transporter received Rs 162,410 crore, which increased to 2,43,271.84 in 2023-24. The net revenue expenditure of the Railways is placed at Rs 278,500 crore in Budget Estimate 2024-25, as against Rs 258,600 crore in 2023-24.

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.