Union Finance Minister Nirmala Sitharaman on Thursday presented the Interim Budget 2024.
Indian economy has witnessed a profound transformation in the last 10 years, she said.
“In 2014, the country faced enormous challenges, the government overcame these challenges and undertook structural reforms, reforms for the people were made, conditions for jobs and entrepreneurship were established, fruits of development began to reach the people on a scale, the country felt a new purpose and hope, ” said Finance Minister.
“Our young country has high aspirations, pride in the present and hope and faith in its bright future.”
“In second term, the government reinforced its mantra and our development philosophy covered all elements of inclusiveness, namely social and geographical. With a whole nation approach, the country overcame challenges of the COVID-19 pandemic, took long strides towards Aatma Nirbhar Bharat and laid solid foundations for Amrit Kaal,” she added.
In the last 10 years, the government has helped 25 crores to get rid of multi-dimensional poverty. When the poor have become empowered partners in the development process, the government’s power to help them is greatly increased, she said.
Finance Minister emphasized that every year under PM Kisan Samman Yojana, direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers.
“Crop insurance is given to 4 crore farmers under PM Fasal Bima Yojana. These help farmers produce food for the country and for the world,” she said.
The Finance Minister highlighted that the Prime Minister Mudra Yojana has sanctioned Rs 43 crore loans at Rs 22.5 lakh for entrepreneurial aspirations of your youth.
“Fund of Finances, Startup India and Startup Credit Guarantee Schemes are helping our youth.”
She further stated that the electronic national agricultural market has incorporated 1,361 mandis and provides services to 1.8 crore farmers with a business volume of 3 lakh rupees.
The sector is poised for inclusive and higher growth, she asserted.
Defining the GDP in his own way, the Finance Minister said, “Besides delivering high growth, government is equally focused on a broader GDP: Management, Development and Performance.”
“Our government has provided a transparent, accountable and people-centric trust-based administration with a citizen-first and minimal government and maximum governance approach.”
“There is macroeconomic stability, investments are robust, the economy is doing well, people are doing well, with greater aspirations for the future, average real income has increased by 50%, inflation is moderate, people are empowered to fulfill their aspirations, there is efficient and timely delivery of programs and big projects,” said the Finance Minister.
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