Finance minister Nirmala Sitharaman stated on Thursday that the economy is undergoing a significant transformation while presenting the Modi government’s last budget to parliament before the upcoming Lok Sabha elections.
Emphasizing the government’s focus on improving conditions for marginalized groups, Sitharaman said, “Poor, women, youth and farmers are four castes for the government”.
“Average real income of people increased by 50%”, Sitharaman said, further adding that nearly 25 crore people got freedom from multidimensional poverty in the last 10 years.
Talking about the housing benefits provided by the government, Sitharaman said, “Despite the challenges due to Covid, implementation of PM Awas Yojana Rural continued and we are close to achieving the target of 3 crore houses.”
“2 crore more houses will be taken up in the next 5 years to meet the requirement arising from increase in the number of families”, she added.
Highlighting the women empowerment measures undertaken by the government, she said, “Making Triple Talaq illegal, reserving one-third legislative seats for women highlight government’s women empowerment programme.”
Sitharaman further highlighted the Centre’s initiatives for the development of the youth saying, PM Mudra Yojana has sanctioned 43 crore loans amounting to Rs. 22.5 lakh crore for entrepreneurial aspirations of your youth.”
“Fund of Funds, Startup India and Startup Credit Guarantee Schemes are assisting our youth”, she added.
Sitharaman said that the full budget would be presented in July.
Emphasizing the government’s focus on improving conditions for marginalized groups, Sitharaman said, “Poor, women, youth and farmers are four castes for the government”.
“Average real income of people increased by 50%”, Sitharaman said, further adding that nearly 25 crore people got freedom from multidimensional poverty in the last 10 years.
Talking about the housing benefits provided by the government, Sitharaman said, “Despite the challenges due to Covid, implementation of PM Awas Yojana Rural continued and we are close to achieving the target of 3 crore houses.”
“2 crore more houses will be taken up in the next 5 years to meet the requirement arising from increase in the number of families”, she added.
Highlighting the women empowerment measures undertaken by the government, she said, “Making Triple Talaq illegal, reserving one-third legislative seats for women highlight government’s women empowerment programme.”
Sitharaman further highlighted the Centre’s initiatives for the development of the youth saying, PM Mudra Yojana has sanctioned 43 crore loans amounting to Rs. 22.5 lakh crore for entrepreneurial aspirations of your youth.”
“Fund of Funds, Startup India and Startup Credit Guarantee Schemes are assisting our youth”, she added.
Sitharaman said that the full budget would be presented in July.
