New Delhi: Prime Minister Narendra Modi, while reacting to the Union Budget , described it as laying a solid foundation for a developed India. He said that this budget will empower every section of the society. Describing the budget as taking the country to new heights of development, the Prime Minister congratulated Union Finance Minister Nirmala Sitharaman and her team. He said that this budget is going to take the villages, poor and farmers of the country on the path of prosperity. In the last 10 years, 25 crore people have come out of the poverty line. This budget is the next step in the empowerment of this new middle class. Referring to the emphasis on youth in the budget, the Prime Minister said that its measures will open many new opportunities for the youth.
Skills of youth will get importance
He said that this budget will give a new scale to education and skills. This is a budget giving new strength to the middle class. It has come with strong plans to empower the tribal society, Dalits and backward classes. The Prime Minister said that this budget will give a new path of progress to small traders, MSMEs. There is a lot of focus on manufacturing and infrastructure in the budget. This will give new impetus to economic development.
Self-employment will be promoted
The Prime Minister said that we have to make every city, every village, every house an entrepreneur. For this, the limit of Mudra loan without guarantee has been increased from Rs 10 lakh to Rs 20 lakh. This will give strength to self-employment among small businessmen, especially women, Dalit, backward and tribal families. He said that in this budget a new scheme has been started to increase the ease of loan for MSMEs. This budget has brought completely new opportunities for our equipment, innovation ecosystem. Many steps have been taken in this budget, be it a fund of Rs 1,000 crore to promote space economy, decision to remove angel tax. Relief in income tax is a big deal
The Prime Minister said that in the last 10 years, the NDA government has ensured that the poor and the middle class are constantly given relief from taxes. In this budget too, a big decision has been taken to reduce income tax and increase standard deduction. It has also become easier to meet the standards of TDS. With these steps, every taxpayer is going to get additional savings.
He said that a big focus of this budget is on the farmers of the country. After the world’s largest crate for food storage, now we are going to create vegetable production clusters. With this, small farmers will get new markets for vegetables, fruits, other produce and will get better prices.The Prime Minister said that in today’s budget, the Chief Ministers also made announcements towards eliminating poverty in the country, protecting the poor. It has been decided to build 3 crore new houses for the poor. Jan Unnat Unnat Gram Abhiyan, 5 crore relatives were connected to relatives through saturation approach. Apart from this, 25 thousand new rural areas will be connected with all-weather roads under Gram Sadak Yojana.
