Budget 2024: 'Guarantee to strengthen the foundation of developed India by 2047', PM Modi on interim budget
Budget 2024: Prime Minister Modi said, 'The youthful goals of a young India are reflected in this budget. The budget has two significant decisions made. In addition to the budget's announcement of expanding the tax exemption available to startups, a fund of Rs 1 lakh crore has been set up for research and innovation. In this, capital spending has reached a record high of Rs 11 lakh 11 thousand 111 crore while maintaining control over the fiscal deficit.
On Thursday, the Lok Sabha heard the presentation of the interim budget by Union Finance Minister Nirmala Sitharaman. He said that we have carried on the interim budget tradition during this. There have been no populist announcements in the interim budget thus far. The government hasn't made any significant announcements as a result. In response to the interim budget, Prime Minister Narendra Modi also spoke out.
He said that the interim general budget presented by Union Finance Minister Nirmala Sitharaman is inclusive and innovative as well as a budget to build the future of the country. It will empower the four pillars of developed India: youth, poor, women and farmers. After the presentation of the budget, the Prime Minister released a video message.
He said that this budget is a guarantee to strengthen the foundation of the developed India of 2047. The budget is inclusive and innovative. There is a belief in continuity. This is the budget to build the future of the country. PM Modi also congratulated the Finance Minister and his entire team.
Prime Minister Modi said, 'This budget is a reflection of the young aspirations of young India. Two important decisions have been taken in the budget. It has been announced to create a fund of Rs 1 lakh crore for research and innovation, expansion of tax exemption available to startups has also been announced in the budget. In this, while keeping the fiscal deficit under control, the capital expenditure has been given a historic high of Rs 11 lakh 11 thousand 111 crore.
The Prime Minister said that we have built more than 4 crore houses for the poor in villages and cities, and now we have set a target of building 2 crore more new houses. We had set a target of making 2 crore women Lakhpati Didi, now this target has been increased to 3 crore.
He said that today very important and big decisions have been taken for the farmers in this budget. The use of NANO DAP, new schemes for animals, expansion of PM Matsya Sampada Yojana and self-reliant oil seed campaign will increase the income of farmers and reduce expenses.