Prime Minister Narendra Modi has underscored the transformative impact of the Union Budget 2024-25, highlighting the significant strides made in poverty alleviation over the past decade. “In the last 10 years, 25 crore people have come out of poverty,” he stated, emphasizing the budget’s focus on empowering the new middle class and providing extensive opportunities for the youth.
Modi emphasized that the budget aims to enhance education and skill development, crucial elements in fortifying the middle class. He pointed out that the budget includes substantial support for women, small business owners, and Micro, Small, and Medium Enterprises (MSMEs), which are vital components of the economy.
A key feature of the budget is the introduction of the ‘Employment Linked Incentive’ scheme. This initiative is designed to generate numerous employment opportunities by having the government cover the first salary of new workforce entrants. Additionally, the scheme includes an apprenticeship program that allows youth from rural areas to gain experience working in the nation’s top companies.
Overall, Prime Minister Modi’s remarks highlight the government’s commitment to economic empowerment and sustainable growth, focusing on lifting more people out of poverty and supporting diverse sectors through targeted initiatives.