Mumbai: Prime Minister Narendra Modi on Monday cited the Union Budget 2021-22 and said it would boost India’s confidence amidst a coronavirus epidemic, while the budget emphasizes self-sufficiency.
“The Union Budget is presented on 2021-22 amidst unprecedented circumstances …. amidst the situation created by COVID-19. Today’s budget will boost India’s confidence and will instil self-confidence in the world. The vision of the budget is self-reliance and every section of the society carries along,” PM Modi said after the Union Budget was presented in Parliament.
The PM said, “We have seen new opportunities for development, new openings for our youth, a higher level for human resources, new areas for infrastructure development, a move towards technology and new reforms in this budget. Is adopted.”
The Prime Minister appreciated Finance Minister Nirmala Sitharaman and her team for the budget.
He said, “This budget will bring many positive changes in the field of individuals, investors, industry and infrastructure. I congratulate FM Nirmala Sitharamanji and his team on this budget.”
Speaking further on the budget, he said: “The government insisted on increasing the size of the budget, while keeping pace with fiscal stability, and did not pressurize the citizens. Our government has always tried to keep the budget transparent.”
“Many people thought that we would pass the tax burden on the common man. However, we have focused on a transparent budget,” he said.
PM Modi said that the budget is focused on increasing the income of farmers, many measures have been taken in this direction.
“Farmers will be able to get loans easily. With the help of Agriculture Infrastructure Fund, provisions have been made to strengthen APMC markets,” he said.
The Prime Minister said that the budget focuses on areas that relate to both wealth and welfare.
He said, “Special attention is being paid to the infrastructure and MSME sectors. This budget has clearly made announcements to make the lives of women easier and better. Many systematic changes have also been made, which will bring development in the country. And is ready to help with job creation. ”
Earlier in the day, Finance Minister Nirmala Sitharaman presented the Digital Union Budget for the first time. It announced high capital reforms for FY 2021-22 and focused on giving a major boost to healthcare and infrastructure construction.
In her Budget speech, Sitharaman mentioned that this year’s budget focused on six pillars- Health and Wellbeing, Physical and Financial Capital, and Infrastructure, Inclusive Development for Aspirational India, Reinvigorating Human Capital, Innovation and R&D and minimum government and maximum governance.