Budget brings new energy & opportunities, will create more jobs, empower all: PM Modi

Modi said the Budget will help in job creation and uplift the poor. “The government has announced an employment-linked incentive scheme in this Budget. Through it, crores of new jobs will be created. Under this scheme, our government will give the first salary of a youth who gets the first job in life,” he said. “With 1 crore internships for the youth, sons and daughters of poor and rural families will work in top companies. New doors of possibilities will open for them.”

Focusing on steps taken for MSMEs and employment generation for the disadvantaged, the Prime Minister said, “We have to create entrepreneurs in every city, village and home. For this, the limit of Mudra loan has without guarantee been increased from Rs 10 lakh to Rs 20 lakh. This will help generate self-employment for women, Dalit, Adivasi and backward households.”

“Together, we will make India a global manufacturing hub. The MSME sector is associated with the middle class. Its owners are middle class and it gives a lot of employment to the poor. Empowering MSMEs is an important step. This Budget has announced a new scheme to increase ease of credit for MSMEs.”

“It is a Budget that will take villagers, the poor and farmers on the path of prosperity. In the last 10 years, 25 crore people have come out of poverty. This Budget is a Budget for constant empowerment of the new middle class that has been created. It will give countless new opportunities to the youth. It will provide a new scale to education and skill. It will give a new strength to the middle class,” Modi said.

The Prime Minister also said that “farmers are a big focus of this Budget”. “After the biggest storage scheme of the world, we are going to create vegetable production clusters. Small farmers will access new markets; for the middle class, there will be higher production of food and vegetables,” he said.

“There have been announcements to end poverty and empower the poor. Three crore new houses for the poor will be constructed. Jan Jatiya Unnat Gram Abhiyan will join 5 crore tribal families with basic services. Gram Sadak Yojana will connect 25,000 new rural areas with all-weather roads.”

Touching upon other aspects of the Budget, Modi said, “E-commerce, export hubs, 100 units for food quality testing – these will help the campaign for one district, one product. For our startups and innovation ecosystem, this Budget has brought many new opportunities. To give a boost to the space economy, there will be a fund of `1,000 crore. Many decisions like the one to do away with angel tax have been taken. It will be a driving force of a high capex economy.”