Prime Minister Narendra Modi on Thursday said that the interim Budget presented by Finance Minister Nirmala Sitharaman today is inclusive and innovative and “will empower the four pillars of Viksit Bharat’ – Yuva, Garib, Mahila and Kisan”.
“This interim budget is inclusive and innovative. It has confidence of continuity. It will empower all 4 pillars of Viksit Bharat- Yuva, Garib, Mahila and Kisan. This Budget gives the guarantee of making India a developed nation by 2047,” PM Modi said.
Prime Minister said that this Budget has a reflection of the young aspirations of a young India.
“Two important decisions were made within the Budget. For research and innovation, a fund of Rs 1 lakh crore has been announced…,” he added.
He said keeping fiscal deficit under control and giving capital expenditure a historic high of Rs 11,11,111 crore is a ‘sweet spot’.
“In this budget, keeping fiscal deficit under control, capital expenditure has been given a historic high of Rs 11,11,111 crore. If we speak the languages of the economists, in a manner this is ‘sweet spot’. With this, besides building India’s modern infrastructure of the 21st century, innumerable new job opportunities for the youth will be prepared,” said the Prime Minister.
PM Modi said the Budget stresses on empowerment of the poor and the middle class and creating of new employment opportunities for them.
“It has been announced to construct 2 crore more houses for the poor. We aim to have 3 crore ‘Lakhpati Didis’ now. ASHA and Aganwadi workers will also get the benefit of the Ayushman Bharat scheme,” the PM said.
PM Modi said the income-tax remission scheme will provide relief to 1 crore people from the middle class. In this budget, important decisions have been also taken for the farmers, he added.
Earlier today, Sitharaman presented her sixth straight budget ahead of the Parliamentary elections, matching the record of former Prime Minister Morarji Desai.
In less than an hour-long budget speech, she presented the Modi government’s achievements in the last 10 years that transformed India from being a ‘fragile’ economy to the world’s fastest-growing major economy.
With inputs from agencies
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Budget ‘will empower four pillars of Viksit Bharat – Yuva, Garib, Mahila and Kisan’, says PM Modi
