Terming the Union budget "historic", Prime Minister Narendraꦉ Modi on Wednesday said the first budget in 'Amrit Kaal' has established a strong base to fulfil the resolve of a developed India and dreams of the aspirational society, including the poor and the middle class.
Presenting the Union Budget, Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on💫 small savings 🤡and announced one of the biggest hikes in capital spending in the past decade.
In his first reaction to the Budget for 2023-24 fiscal, Modi said in order to eꦡmpower the middl𓆏e class, the government has taken many significant decisions in the past years that have ensured ease of living.
The prime minister un💫derlined the potential of the middle class in realising the dreams of 2047.
Modi also highlighted the reduction in tax rat𓂃es as well as the simplification, transparency and speeding up of processes.
"Our government that always stood with the middle class has given huge taꦗx relief to them," Modi said.
The prime minister⛎ said the first budget in 'Amrit Kaal' has established a strong base to fulfil the aspirations and resol💙ve of a developed India.
He said this budget gives priority to the deprived and strives to fulfil the d🌳rea📖ms of the aspirational society -- the poor, villages and the middle class.
The prime minister congratulated Sitharaman and her ✨team fo𝓀r a "historic" budget.
Modi called the traditional artisans such as carpenters, iron sꦍmiths, goldsmiths, potters, sculptors and many others as the creators of the nation.
"For the first time, the country has come up with many schemes as a tribute to the hard work and creation of these people. Arrangements have been made for training, credit and market support to them. PM Vishwakarma Kaushal Samman, that is,𓂃 PM ViKaS will bring a big change in the lives of crores of 'Vishwakarmas'," Modi said.
He said for the women living in the cities to villages, employed to homemakers, the government has༒ taken significant steps such as Jal Jeevan Mission, Ujjwala Yojna and PM Awas Yojana etc., that will further empower the welfare of women.
He emphasized that miracles can be performed if women self-help groups, which ღis a sector with extreme potential, are fu♊rther strengthened.
Underlining that a new dimension has been added to women self-help groups in the new budget with the introduction of a special savings scheme, the ඣprime minister 🌊said it will strengthen women especially the homemaker from common families.
This budget, the prime ministe🅘r said, will make cooperatives a fulcrum of development of the rural economy.
The g꧙overnment, he said, has come up with th🌳e world's largest food storage scheme in the co-operative sector.
An ambitious schem♐e to for♍m new primary co-operatives has also been announced in the budget, Modi said.
This will expand the area of ??milk and fish production along with farming, and farmers, animal husband🌞ry and fishermen will get better prices for their produce, he said.
Emphasizing the need to replicate the success of digital payments in the agriculture sector, the prime minister said this budget comes with a big plan for digital agriculture infrastru꧅cture.
Noting thaꦗt the world is celebrating the International Year of Millets, Modi said there are many types of millets in India witꦏh multiple names.
The prime minister said special recognition of millets is necessary when it is reaching households all over the 🦹𝓰world.
"This superfood has been given a new identity of 'Shree-Anna',ꦜ Modi said, as he underlined that s♏mall farmers and tribal farmers of the country will get economic support.
This budget, Modi said, will give an unprecedented expansion 💙to greꦦen growth, green economy, green infrastructure, and green jobs, for a sustainable future.
"In the🔯 budget, we have laid a lot of emphasis on technology and the new economy. Aspirational India of today wants modern infrastructure in every field like road, rail, metro, port, and waterways. Compared to 2014, investment in infrastructure has increased by more than 400 per cent," Modi said.
The prime minister said the unprecedented investment of Rs 10 lakh crores o♛n infrastructure will give new energy and speed to India's development.
He asserted that these investments 𒉰will create new employment opportunities for the youth, thereby providing new income opportunities to a large section🔥 of the population.
In his 𝓡remarks, the prime minister also touched upon the ease of doing business which is taken forward through the campaign of credit support and reforms for industries.
"An additional loan guarantee of Rs 2 lakh crore has♑ been꧂ arranged for MSMEs," he said, noting that increasing the limit of presumptive tax will help MSMEs to grow.
He also said a🤡 new arrangement has been made for timelౠy payments by big companies to MSMEs.
"I once again congratulate Nirmala ji and h🥃er entire te✱am for this all-encompassing budget that would give speed to building a developed India," Modi said.
&q♑uot;In 2047, we will make a prosperous India, a capable India, a prosperous India in every way. Let us take this journey forward," he🌜 added.
-With PTI Input
