{"id":20412,"date":"2024-07-23T13:25:18","date_gmt":"2024-07-23T13:25:18","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=20412"},"modified":"2024-07-23T13:25:18","modified_gmt":"2024-07-23T13:25:18","slug":"budget-heralds-better-growth-bright-future-pm-modi","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/budget-heralds-better-growth-bright-future-pm-modi\/","title":{"rendered":"Budget Heralds Better Growth, Bright Future: PM Modi"},"content":{"rendered":"<p>NEW DELHI, July 23: <a href=\"https:\/\/jammubulletin.com\/site\/pm-narendra-modi-to-visit-drass-on-july-26-to-mark-25th-anniversary-of-kargil-vijay-diwas\/\">Prime Minister Narendra Modi<\/a> on Tuesday hailed the Union Budget for its measures for every section of society, asserting that it has heralded better growth and a bright future\u201cThe budget will act as a catalyst in making India the third-largest economy in the world and will lay a solid foundation for a developed India,\u201d he said in his televised remarks after Union Finance Minister Nirmala Sitharaman presented the budget in Parliament.<br \/>\nModi lauded the budget\u2019s sharp focus on the youth, backward sections, women and middle class as also on manufacturing and infrastructure sectors, and asserted that the proposed employment-linked incentive schemes will create crores of new jobs.<br \/>\n\u201cThis visionary budget will uplift and empower every stratum of our society, paving the way for a brighter future for all,\u201d he said, stressing his government\u2019s commitment to generating employment and self-employment opportunities.<br \/>\nThe employment-linked incentive scheme will create crores of jobs, he said, noting that the first salary of the first job of a youngster will now be borne by the government. He also mentioned provisions for higher education and the scheme for internships for 1 crore youths.<br \/>\n\u201cWorking in top companies under the scheme, the young interns will find new avenues of possibilities,\u201d Modi said.<br \/>\nThe rise in the limit of collateral-free loans under the Mudra scheme from Rs 10 lakh to Rs 20 lakh will greatly benefit small businessmen, women, Dalits, backwards and the deprived, he added.<br \/>\nModi said the development of the country\u2019s eastern region will get new momentum and energy through the budget\u2019s \u201cPurvodaya\u201d vision. New impetus will be given to the development of important infrastructure such as highways, water projects and power projects, he added.<br \/>\n\u201cA big focus of this budget is the nation\u2019s farmers,\u201d the prime minister said, noting that the government, after unveiling the world\u2019s biggest grain storage scheme, has now introduced \u201cVegetable Production Clusters\u201d which will help both farmers and the middle class.<br \/>\n\u201cIt is the need of the hour for India to become self-reliant in the agricultural sector. Therefore, measures have been announced to help farmers increase the production of pulses and oilseeds,\u201d he said.<br \/>\nModi said the budget was aimed at making the middle class stronger and would provide a new scale to education and skills development.<br \/>\n\u201cThe budget has come up with strong plans to empower the tribal society, Dalits and backward classes. This budget will help in ensuring the economic participation of women,\u201d the prime minister said.<br \/>\nHe said the budget will provide a new path of progress for small traders and MSMEs.<br \/>\n\u201cThere is a lot of focus on manufacturing and infrastructure in the budget. This will give new impetus to economic development,\u201d Modi added.<br \/>\nThe prime minister said that over the last 10 years, around 25 crore people have come out of poverty.<br \/>\n\u201cBuilding on this momentum, this budget will further energise the aspirations of our neo-middle class. Unprecedented opportunities will be unleashed for our younger generation,\u201d he said.<br \/>\n\u201cAlso, this budget will empower the middle class like never before,\u201d the prime minister said.<br \/>\nTouching upon the schemes for poverty alleviation and empowerment of the poor, he highlighted the measures for three crore houses for the poor and the \u201cJanjatiya Unnat Gram Abhiyan\u201d, which will link five crore tribal families to basic facilities with a saturation approach.<br \/>\nThe budget brings numerous opportunities for India\u2019s start-ups and innovation ecosystem, Modi said, referring to the Rs 1,000 crore corpus fund to vitalise the space economy and the decision to abolish the angel tax.<br \/>\n\u201cRecord high capex will become a driving force of the economy,\u201d the prime minister said.<br \/>\nHe said the development plans of 12 new industrial nodes, new satellite towns and transit plans for 14 big cities would enable the development of new economic hubs in the country and create numerous jobs.<\/p>\n<figure id=\"attachment_20413\" aria-describedby=\"caption-attachment-20413\" style=\"width: 300px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-20413\" src=\"https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-6.53.21-PM-300x193.png\" alt=\"Budget Heralds Better Growth, Bright Future: PM Modi\" width=\"300\" height=\"193\" srcset=\"https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-6.53.21-PM-300x193.png 300w, https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-6.53.21-PM-549x354.png 549w, https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-6.53.21-PM-435x280.png 435w, https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-6.53.21-PM-233x150.png 233w, https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-6.53.21-PM-230x148.png 230w, https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-6.53.21-PM-360x232.png 360w, https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-6.53.21-PM-100x64.png 100w, https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-6.53.21-PM.png 686w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-20413\" class=\"wp-caption-text\">Budget Heralds Better Growth, Bright Future: PM Modi<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI, July 23: Prime Minister Narendra Modi on Tuesday hailed the Union Budget for its measures for every section of society, asserting that it has heralded better growth and a bright future\u201cThe budget will act as a catalyst in making India the third-largest economy in the world and will lay a solid foundation for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":20413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[89,54],"tags":[],"class_list":["post-20412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-political"],"gutentor_comment":0,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Budget Heralds Better Growth, Bright Future: PM Modi<\/title>\n<meta name=\"description\" content=\"Prime Minister Narendra Modi on Tuesday hailed the Union Budget for its measures for every section of society, asserting\" \/>\n<meta name=\"robots\" content=\"index, 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