New Delhi: As Finance Minister Nirmala Sitharaman presented Budget 2024, Prime Minister Narendra Modi praised the budget saying it will ensure prosperity and empowerment of every section of the society.
In his remarks on the budget, PM Modi congratulated the countrymen for what he termed a "crucial budget which is going to take the country to new heights of development".
"Finance Minister Nirmala Sitharaman and her team deserve special applause. This budget is going to give power to every section of the society. This budget will bring prosperity to the lives of farmers and downtrodden," the PM said.
PM Modi said that his government had brought out 25 crore population in the country out of the poverty line in the last 10 years adding the budget will "further the empowerment of the neo-middle class thus formed".
The #BudgetForViksitBharat ensures inclusive growth, benefiting every segment of society and paving the way for a developed India.https://t.co/QwbVumz8YG
— Narendra Modi (@narendramodi) July 23, 2024
The PM further said that the budget will give unlimited avenues for the youth of the country. "The budget will give new scale to education and skill sector in the country and to middle class new strength. The budget has brought with it empowerment of tribals, Dalits and other weaker sections of the society," he said.
The budget will also help in empowering women economically, the PM said adding the budget will create new avenues for MSMEs and small businesses in the country.
The PM said that the budget lays stress both on manufacturing as well as infrastructure which will give pace to the financial development and bring consistency to the development.
“Creating unlimited job opportunities has been the identity of our government. This budget further bolsters this,” he added.
The PM said that given the success of the Production Linked Incentive (PLI) scheme, the national programme for high efficiency Solar PV Modules towards green energy, the government has announced the employment linked incentive scheme which will create crores of job opportunities in the country.
He said that the government wants to create entrepreneurs in every single household in the country for which the limit of the Mudra Loan scheme had been hiked from Rs 10 lakh to Rs 20 lakh.
"This will create employment opportunities among small businessmen especially women, Dalits, Adivasis and other weaker sections of the society," he said.
The PM said that the government with the active participation of the people will make India the global manufacturing hub.
"The MSME sector is linked to the middle class of the country which provides employment to majority of the population. In a bid to empower the small businesses, the government has announced a scheme to improve the ease of credit for the MSMEs," the PM said.
