New Delhi- Prime Minister Narendra Modi on Tuesday said the Union Budget 2024-25 would ensure inclusive growth, benefiting every segment of society and pave the way for a developed India.
“This is a Budget that will take the country’s villages, poor and farmers on the path of prosperity. In the last 10 years, 25 crore people have come out of poverty,” PM Modi said.
“This Budget is also a Budget for the continuation of the empowerment of the newly emerged Neo Middle Class,” he said.
PM Modi said the Budget would be a catalyst for making India the third-largest economy in the world and for laying the strong foundation for the ‘Viksit Bharat’.
PM Modi underlined that the budget with its new schemes is aimed at strengthening the lives of the middle class, tribals, Dalits and Backward Classes.
He further emphasised that this year’s Budget would ensure economic partnerships for women while also laying down a new path for small businesses and MSMEs.
Reiterating the government’s commitment to employment and self-employment, the Prime Minister noted the success of the PLI scheme and highlighted the Employment Linked Incentive scheme announced in the budget which will create crores of jobs.
Emphasising the commitment to creating entrepreneurs in every city, every village and every household, PM Modi talked about raising the limit of collateral-free loans under the Mudra Loan from Rs 10 lakh to 20 lakh which will greatly benefit small businessmen, women, Dalits, Backward Classes and the deprived.
Asserting the commitment to make India the manufacturing hub of the world, the Prime Minister emphasised the links of MSME with the middle class of the country and its employment potential for the poor segment.
“The announcements in the Budget will take manufacturing and exports to every district,” he said, adding: “e-Commerce, export hubs and food quality testing will give new momentum to One District-One Product programme.”
PM Modi also underlined that the Union Budget 2024-25 brings numerous opportunities for India’s startup and innovation ecosystem.
Follow this link to join our WhatsApp group: Join Now
Be Part of Quality Journalism |
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast. |
| ACT NOW |
| MONTHLY | Rs 100 |  |
| YEARLY | Rs 1000 | |
| LIFETIME | Rs 10000 | |
