Budget will be a catalyst to make India the world’s third largest economy,” PM Modi
Addressing the budget session PM Modi said, in the last 10 years, 25 crore people have come out of poverty. This budget is for the empowerment of the new middle class. This budget will provide unlimited opportunities to the youth. This budget will give a new dimension to education and skills.
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The Union Finance Minister Nirmala Sitaraman today presented the first general budget of the third term of the Modi government. Prime Minister Modi kept the possibilities of happiness in the budget and said that this budget will take the country towards prosperity, and in this budget, all the stakeholders in society have been taken care of.
Today’s budget brings new opportunities and a new optimism. This budget will be a catalyst to make India the world’s third-largest economy,” said PM Modi.
Prime Minister Narendra Modi has described the Union Budget as taking the country to new heights of development. While sharing the video, PM Modi said, ‘I congratulate the countrymen for this important budget. This budget is going to give strength to every section of society. This is going to take the country’s villages, poor, and farmers on the path to prosperity.
Further, he added that 25 crore people have come out of poverty in the last 10 years. This is a budget that will provide countless new opportunities for the youth. With this budget, education and skills will reach new heights. This is a budget that will give new strength to the middle class.
Recently, he made a statement regarding technological advancements, saying that India is creating new records in digital transactions. Due to India’s UPI and modern digital public infrastructure, the ease of living of people has improved, and it has become easier for them to send money across countries.
‘Creating employment and self-employment is the identity of our government’
Prime Minister Modi said, ‘This budget will provide a new path of progress for traders and small industries. The budget also focuses on production and infrastructure. This will accelerate economic development and also provide continuity to the pace. Creating employment and self-employment have been the identity of our government. Today’s budget further strengthens it.’ According to the Prime Minister, ‘In this budget, the government has announced an employment-linked incentive. Under this scheme, our government will pay the first salary of the youth who gets the first job in life. Whether it is help for skill development and higher education or a plan for internships for one crore youth, this will help the youth, the poor, and my sons and daughters work in the top companies of the country. New doors of possibilities will open for them.’
‘Small industries have become the centre of the country’
According to the Prime Minister, ‘We have to make every city, every village, and every house entrepreneurial. We have increased the limit of the Mudra loan without guarantee from 10 lakh to 20 lakh. This will benefit the backward, Dalits, and tribals. Together, we will make the country an industrial hub. The MSME sector of the country has become the centre of the country. The great strength of small industries is an important step. In this budget, arrangements have been made to increase the ease of credit for them.’