In her seventh consecutive budget, Union Finance Minister Nirmala Sitharaman laid out a plan for “Viksit Bharat” by 2047, focusing on employment, skilling, agriculture, and manufacturing.
The main spending plan under Modi 3.0 looks for a monetary vision that adjusts financial reasonability. Since 2014, this is the government of Prime Minister Narendra Modi’s thirteenth consecutive budget, including two interim ones.
The Union Budget focuses on supporting consumption through an increase in production-linked incentive (PLI) allocation to more labor-intensive sectors, a push for infrastructure, a push for local manufacturing, job and skill creation, and taxation reforms.
In a significant push to business age, the Money Clergyman reported three plans. “Three programs to generate employment will be established by the government. Plot for beginners to give one-month compensation to all people recently entering the labor force in all areas.
First-time work plan to help 2.1 crore lakh young people,” said the FM. She stated, “People of India have reposed their faith in the government led by PM Modi and re-elected it for a historic third term” when she presented the Budget to the Lok Sabha. She stated that the country’s PM Garib Kalyan Anna Yojana was extended for an additional five years to the benefit of more than 80 crore people.
The Finance Minister stated, “New 109 high-yielding, climate-resilient varieties to be released to farmers” in light of the Modi administration’s focus on the farming community. Over the course of two years, natural farming will be introduced to one crore farmers.
Added highlights include:
- 10,000 bio-input centers based on needs to be established.
- The development of large vegetable production clusters will be closer to consumption centers.
- In FY25, a digital crop survey for Kharif will be conducted in 400 districts.
- In FY25, Rs 1.52 lakh crore will be allocated to agriculture and related industries.
