Villages and farmers at the heart of Union Budget 2021-22, to get more credit: Prime Minister Modi

The Prime Minister said that the new Budget carries the vision of Aatmanirbhar Bharat and inclusion of every citizen and section.

Prime Minister Narendra Modi

Prime Minister Narendra Modi on Monday said that the Union Budget 2021-22 will infuse a new confidence in the world amid the difficult times. This year, villages and farmers are at the heart of the Budget which has many provisions for agriculture sector and increasing farmer’s income.

“Farmers will get easy and more credit. Provisions have been made for strengthening APMC and Agriculture Infrastructure Fund. This shows that villages and our farmers are at the heart of this Budget,” the prime minister said after the Union Budget was tabled in the Lok Sabha.

The Prime Minister said that the new Budget carries the vision of Aatmanirbhar Bharat and inclusion of every citizen and section. The principles behind the Budget include – expansion of new opportunities for growth; new opportunities for the youth; giving new dimension to human resource; infrastructure development and helping new sectors grow, he said.

Modi also said the Budget will enhance ‘ease of living’ for the common man by simplifying procedure and rules. It will bring positive changes for individuals, investors, industry and infrastructure sector. The Government gave proper attentions to its responsibility towards fiscal sustainability while increasing the size of the budget, he added.

“We have gone beyond active and have given a pro-active budget,” the prime minister said. He said the budget is focussed on wealth and wellness, MSME and infrastructure.

Claiming that the Budget has taken into account the inclusive development needs of southern states, the Northeast and Leh Laddakh, Modi said this is a huge step in the direction of turning our coastal states like Tamil Nadu, Kerala, West Bengal into business powerhouse. The Budget will also be greatly helpful in tapping unexplored potential of the North-Eastern states.

Mentioning the impact of the Budget on the various segments of society, Modi said its emphasis on research and innovation will help the youth. Common men and women will be benefitted by stress on health, swachchta, nutrition, clean water and equality of opportunities. Similarly, enhanced allocation in infrastructure and procedural reforms will lead to job creation and growth, he said.

Noting that MSME sector allocation has been doubled to improve employment opportunities for the country citizens, Modi said the Budget will lay a strong foundation for the new decade and congratulated the countrymen for a Budget for Aatmanirbhar Bharat.

Atmanirbhar Bharat, which means 'self-reliant India' or 'self-sufficient India', is a policy term coined by Modi.


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First Published:Feb. 1, 2021, 5:07 p.m.

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