Prime Minister Narendra Modi on Saturday praised the Union Funds 2025, emphasising its people-centric method and its position in shaping India’s financial future. He described it as a “historic individuals’s funds” that may propel India’s progress whereas offering important reduction to the center class, farmers, and entrepreneurs.
Reduction for Center Class and Taxpayers
PM Modi highlighted main tax reforms aimed toward easing the monetary burden on residents.
“On this Funds, revenue as much as Rs 12 lakh every year has been made tax-free. Tax reductions throughout all revenue teams will present immense reduction to the center class. It can additionally create nice alternatives for younger professionals who’ve lately entered the workforce,” he said.
Enhance for Agriculture and Rural Economic system
The Prime Minister underscored the funds’s provisions for the agriculture sector, significantly the newly launched ‘PM Dhan Dhanya Krishi Yojana.’
“Irrigation and infrastructure improvement will happen in 100 districts underneath this scheme. Moreover, the Kisan Credit score Card restrict has been raised to Rs 5 lakh, making certain extra monetary help for farmers,” he famous.
Manufacturing and Job Creation
Specializing in industrial progress, PM Modi burdened the funds’s “360-degree method” to supporting entrepreneurs, MSMEs, and small companies.
“From the Nationwide Manufacturing Mission to industries like CleanTech, leather-based, footwear, and the toy business, a number of sectors have acquired particular help. Our objective is for Indian merchandise to shine within the world market,” he asserted.
To additional enhance state-level investments, he introduced a doubled credit score assure for MSMEs, fostering a aggressive enterprise surroundings throughout the nation.
Empowering Marginalised Communities and Gig Employees
PM Modi highlighted social welfare initiatives, significantly for Scheduled Tribes (ST), Scheduled Castes (SC), ladies entrepreneurs, and gig staff.
“For the primary time, gig staff will likely be registered on the e-Shram portal, permitting them to entry well being and social safety advantages. This displays our authorities’s dedication to the dignity of labour and the ‘Shramev Jayate’ mantra,” he mentioned.
Know-how and Innovation Push
The Prime Minister outlined steps to encourage innovation and technological development, together with the introduction of the Deep Tech Fund, Geospatial Mission, and Nuclear Power Mission.
“These steps will form the way forward for India’s economic system by supporting startups and cutting-edge industries,” he added.
Reworking Key Sectors
PM Modi highlighted key business reforms, together with the non-public sector’s entry into nuclear power and granting infrastructure standing to shipbuilding.
“This transfer will speed up progress in India’s civil nuclear power sector, whereas shipbuilding will obtain a significant enhance underneath ‘Atmanirbhar Bharat,’ producing in depth employment,” he famous.
Tourism and Heritage Conservation
Recognising the potential of India’s tourism business, PM Modi introduced that motels will now be included underneath infrastructure tasks, facilitating large-scale improvement.
“By bringing motels underneath the infrastructure class, the tourism and hospitality sectors will obtain a significant enhance. These industries play a vital position in employment era,” he remarked.
Concluding his remarks, PM Modi reiterated that the Funds embodies the imaginative and prescient of “Vikas bhi, Virasat bhi” (Improvement and Heritage collectively), balancing trendy progress with cultural preservation.
“This Funds is a drive multiplier for India’s progress, and I congratulate each citizen for being a part of this transformative journey,” he mentioned.
