PM Modi Hails Union Budget 2025 for Middle Class
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Synopsis
On Feb 1, 2025, PM Narendra Modi commended the Union Budget for its focus on the middle class, farmers, and entrepreneurs. He emphasized its role in economic growth and future preparedness, highlighting key tax benefits and initiatives for various sectors while expressing gratitude to the Finance Minister.
Key Takeaways
- Income Tax Relief: Income up to Rs 12 lakh tax-free.
- Support for Farmers: PM Dhan Dhanya Krishi Yojana and increased Kisan Credit Card limit.
- Entrepreneur Empowerment: 360-degree strategy aiding MSMEs and small businesses.
- Investment Boost: Special provisions for state-level investments.
- Gig Workers: Registration on e-Shram portal for benefits.
New Delhi, Feb 1 (NationPress) Prime Minister Narendra Modi on Saturday lauded the Union Budget 2025, asserting that it not only addresses India's current requirements but also sets the stage for the nation’s future.
He underlined the Budget's advantages for the middle class, farmers, and entrepreneurs, describing it as a vital measure towards economic expansion.
"This Budget renders income up to Rs 12 lakh annually tax-exempt. The reduction in taxes for all income brackets will provide significant relief to the middle class. It will also open up numerous opportunities for young professionals entering the job market," PM Modi remarked.
He pointed out the Budget's initiatives for farmers, noting that the 'PM Dhan Dhanya Krishi Yojana' will spark a new revolution in agriculture and enhance the rural economy.
"Irrigation and infrastructure advancements will be executed in 100 districts as part of this scheme. Moreover, the Kisan Credit Card limit has been increased to Rs 5 lakh, ensuring enhanced financial backing for farmers," he added.
Highlighting the focus on manufacturing and job opportunities, the Prime Minister emphasized the Budget's "360-degree approach" aimed at empowering entrepreneurs, MSMEs, and small enterprises.
"From the National Manufacturing Mission to sectors like CleanTech, leather, footwear, and toys, various industries have received dedicated support. Our objective is for Indian products to excel globally," he stated.
PM Modi emphasized measures to enhance investment at the state level, saying, "A dynamic and competitive investment atmosphere will develop across states thanks to special provisions in this Budget. Additionally, the credit guarantee for MSMEs has been increased to double."
He highlighted the Rs 2 crore loan program for Scheduled Tribes (ST), Scheduled Castes (SC), and women entrepreneurs, along with significant reforms for gig workers.
"For the first time, gig workers will be registered on the e-Shram portal, enabling them to access health and social security benefits. This showcases our government's dedication to the dignity of labor and the 'Shramev Jayate' principle," he stated.
The Prime Minister further emphasized initiatives aimed at promoting innovation and technology-driven growth, declaring, "To bolster startups, we have launched the Deep Tech Fund, Geospatial Mission, and Nuclear Energy Mission. These initiatives will shape the future of India’s economy."
In conclusion, PM Modi referred to the Union Budget as a "historic people’s budget" and expressed his appreciation to Finance Minister Nirmala Sitharaman.
"This Budget acts as a force multiplier for India’s growth, and I commend every citizen for their role in this transformational journey," he said.
