Prime Minister Narendra Modi hails the recently presented budget as a transformative force, outlining ambitious goals for inclusive development, innovation, and empowerment across various sectors of the Indian economy.
New Delhi, February 01, 2024 – In a resounding endorsement, Prime Minister Shri Narendra Modi hailed the budget presented today, lauding it as more than just an interim measure but an inclusive and innovative blueprint for the nation’s future. Expressing confidence in its continuity, the Prime Minister declared, “This budget will empower all pillars of developed India – the youth, the poor, women, and farmers.”
Commending Finance Minister Nirmala Sitharaman for her visionary approach, Modi asserted, “Nirmala Ji’s budget is a roadmap for building the future of the country.” He emphasized the guarantee embedded in the budget to strengthen the foundation of a developed India by 2047.
Characterizing the budget as a reflection of the aspirations of Young India, Prime Minister Modi highlighted two pivotal decisions. “A fund of Rs. 1 lakh crore has been announced for research and innovation,” he said, underlining the government’s commitment to fostering a culture of innovation. Additionally, he applauded the extension of tax exemptions for startups as a catalyst for entrepreneurial growth.
While maintaining fiscal discipline, the Prime Minister disclosed that the total expenditure in this budget has reached a historic high of Rs 11,11,111 crores. Describing it as a “sweet spot” in economists’ parlance, he asserted that this substantial investment will create millions of new employment opportunities and usher in 21st-century infrastructure across India.
PM Modi also announced plans to manufacture 40,000 modern bogies of Vande Bharat Standard, enhancing the comfort and travel experience for millions of passengers on various rail routes.
Setting ambitious goals, Prime Minister Modi affirmed the government’s commitment to welfare initiatives. Over 4 crore houses have been constructed in villages and cities, with a target to build an additional 2 crore houses. The goal of creating 2 crore ‘Lakhpatis’ among women has been increased to 3 crore.
Praising the Ayushman Bharat Yojana for its substantial assistance to the poor, PM Modi emphasized the government’s emphasis on creating opportunities for the poor and middle class. The Roof Top Solar Campaign, providing free electricity to 1 crore families, was highlighted, along with the income tax remission scheme benefiting about 1 crore citizens belonging to the middle class.
In the agriculture sector, Modi detailed the use of Nano DAP, a new scheme for animals, expansion of PM Matsya Sampada Yojana, and the Atma Nirbhar oil seed campaign, aimed at increasing farmers’ income and reducing expenses.
The Prime Minister concluded his address by extending his best wishes to all citizens, characterizing the budget as a historic step towards a more empowered and prosperous India.
Prime Minister Modi’s enthusiastic endorsement continued as he emphasized the government’s commitment to setting and achieving ambitious goals. He emphasized a philosophy of continuous progress, stating, “We set a big goal, achieve it, and then set an even bigger goal for ourselves.” This approach reflects a vision aimed at propelling India into a future marked by unprecedented growth and development.
PM Modi highlighted significant steps taken for the welfare of the poor and middle class, revealing plans for the construction of over 4 crore houses in villages and cities, with an increased target of building 2 crore more houses. The empowerment of women took center stage as well, with the goal of creating 2 crore ‘Lakhpatis’ among women now expanded to 3 crore.
Acknowledging the transformative impact of the Ayushman Bharat Yojana, the Prime Minister underlined its extension to Anganwadi and ASHA workers, further amplifying its reach and benefits to the vulnerable sections of society.
On the environmental front, Modi detailed the Roof Top Solar Campaign, an initiative set to provide free electricity to 1 crore families while enabling them to earn an income of Rs 15,000 to Rs 18,000 per year by selling excess electricity to the government. This move aligns with the government’s commitment to sustainable and renewable energy solutions.
In a significant relief for the middle class, PM Modi highlighted the income tax remission scheme, aimed at providing financial relief to about 1 crore citizens. This measure is poised to contribute to the economic well-being of a substantial portion of the population.
Addressing crucial agricultural concerns, Modi outlined measures such as the use of Nano DAP, a new scheme for animals, expansion of PM Matsya Sampada Yojana, and the Atma Nirbhar oil seed campaign. These initiatives underscore the government’s dedication to improving the livelihoods of farmers, increasing their income, and reducing overall expenses.
The Prime Minister concluded his address by conveying his best wishes to all citizens on the historic budget, emphasizing its transformative potential and reiterating the government’s unwavering commitment to building a prosperous and empowered India. The budget, according to Modi, stands as a testament to the government’s resolve to navigate towards a brighter and more inclusive future.