Prime Minister Narendra Modi addressed the nation regarding the budget for the financial year 2024-25. PM Modi said at the beginning of his address that I congratulate everyone for this important budget that will take the country to new heights of development. Finance Minister Nirmala Sitharaman and her entire team deserve many congratulations. PM Modi further said that this budget is a budget that empowers every section of the society. This is a budget that will take the poor farmers of the country on the path of prosperity. In the last ten years, 25 crore people have come out of poverty.
Prime Minister Modi said that this new middle class has been formed. This budget is a continuation of their empowerment, this is a budget that will provide countless new opportunities to the youth. This budget will give new scale to education and skills, this is a budget that will give new strength to the middle class, it has come with strong plans to empower the tribal society, Dalit backward classes.
Prime Minister Narendra Modi said that this budget will help in ensuring economic participation of women, this budget will provide a new path of progress to small traders and small industries. There is also emphasis on manufacturing and infrastructure in the budget. This will give new momentum to economic development and will also provide continuity to the momentum, PM said that there has been an unprecedented increase in employment and self-employment opportunities. This has been the identity of our government. Today's budget strengthens it further.
PM Modi said that the country and the world have seen the success of the PLI scheme, now in this budget the government has announced the Employment Linked Incentive Scheme. This will create crores of new jobs in the country, under this scheme our government will pay the first salary of the youth who gets the first job in life, whether it is help for skill development and higher education or internship scheme for one crore youth, with this my young friends from the poor villages, my sons and daughters will work in the top companies of the country.
PM Modi said that new doors of possibilities will open before them, we have to make every city, every village, every house entrepreneur. For this purpose, the limit of Mudra loan without guarantee has been increased from 10 lakh to 20 lakh. This will give strength to self-employment to small businessmen, especially women, Dalit, backward tribal families.
