Dynamite News Budget will give fresh impetus to building ‘new India’, says PM
Prime Minister Narendra Modi on Friday said the interim budget will lend fresh impetus to the efforts to build a ‘new India’ as it meets the aspirations of all sections of the society as well as the government’s goals.
New Delhi: Prime Minister Narendra Modi on Friday said the interim budget will lend fresh impetus to the efforts to build a ‘new India’ as it meets the aspirations of all sections of the society as well as the government’s goals.
“The budget will empower the poor, strengthen the farmers and give fresh impetus to the economy,” Modi said.
“The budget will give new impetus to the efforts to build a ‘new India’ for 130 crore people,” he added.
He said the budget proposals will directly benefit 12 crore farmers, 3 crore middle class people and 30-40 crore unorganised workers.
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Talking about the proposals, the Prime Minister said there was a long-pending demand for raising the Income Tax exemption limit for salaried class to Rs 5 lakh.
“Our government has met that demand,” he said, adding it reflected his government’s commitment towards the salaried middle class which contributes to the nation building by paying taxes.
Speaking about the agriculture sector, the Prime Minister referred to the announcement in the budget for a new scheme called Pradhan Mantri Kisan Samman Nidhi. Under the scheme, each marginal farmer will get Rs 6,000 annually, in three instalments with effect from December 1, 2018. The scheme, for which an annual outlay of Rs 75,000 crore was made, will benefit 12 crore marginal farmers, he said.
“For farmers, different governments have brought different schemes but not more than 2-3 crore farmers have benefited from those. But now, the PM Kisan Yojana (announced today) will benefit 12 crore small farmers who have less than 5 acres of land,” Modi said.
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“In a way, this is the biggest scheme for the farmers since Independence,” he said.
He said the government was also making efforts to help the farming community through other programmes like welfare of animals and fisheries. (ANI)