This Budget gives priority to the deprived: PM Modi

PM Modi on Budget

Dr. Samrendra Pathak
Sr. Journalist

New Delhi, 1 Feb 2023 (Agency) The prime Minister Narandra Modi today said that This Budget gives priority to the deprived .

Reaching on Budget, the Prime Minister said, will make cooperatives a fulcrum of the development of the rural economy. The government, he continued, has made the world’s largest food storage scheme in the co-operative sector. An ambitious scheme to form new primary co-operatives has also been announced in the budget. This will expand the area of ​​milk and fish production along with farming, farmers, animal husbandry and fishermen will get better prices for their produce.

Emphasizing the need to replicate the success of digital payments in the agriculture sector, the Prime Minister said that this budget comes with a big plan for digital agriculture infrastructure.

He informed that the world is celebrating the International Year of Millets and noted that there are many types of millets in India with multiple names. The Prime Minister said that special recognition of millets is necessary when it is reaching households all over the world. “This superfood has been given a new identity of Shree-Anna.”, the Prime Minister said as he underlined that small farmers and tribal farmers of the country will get economic support along with a healthy life for the citizens of the country.

This budget, Shri Modi continued, will give an unprecedented expansion to Green Growth, Green Economy, Green Infrastructure, and Green Jobs for a Sustainable Future. “In the budget, we have laid a lot of emphasis on technology and the new economy. Aspirational India of today wants modern infrastructure in every field like road, rail, metro, port, and waterways. Compared to 2014, investment in infrastructure has increased by more than 400 percent”, the Prime Minister said as he underlined the unprecedented investment of ten lakh crores on infrastructure that will give new energy and speed to India’s development. He informed that these investments will create new employment opportunities for the youth, thereby providing new income opportunities to a large population.

The Prime Minister also touched upon the Ease of Doing Business which is taken forward through the campaign of credit support and reforms for industries. “An additional loan guarantee of Rs 2 lakh crore has been arranged for MSMEs”, the Prime Minister informed as he noted that increasing the limit of presumptive tax will help MSMEs to grow. He also added that a new arrangement has been made for timely payments by big companies to MSMEs.

The Prime Minister underlined the potential of the middle class in realizing the dreams of 2047. The Prime Minister informed that in order to empower the middle class, the government has taken many significant decisions in the past years that have ensured Ease of Living. He highlighted the reduction in tax rates as well as the simplification, transparency and speeding up of the processes. “Our government that always stood with the middle class has given huge tax relief to them”, the Prime Minister concluded.L. S.


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