Page 17 - NIS English Aug 1-15, 2024
P. 17
Rs 10 lakh to Rs 20 lakh. This will give new strength to
self-employment among small businessmen, women,
Dalits, and backward, tribal families.
Emphasis on MSME for manufacturing
The central government is determined to make India a
global hub of manufacturing which is a backbone for
the country's MSME sector, and the middle class. It
provides maximum employment to the economically
poor citizens. A new scheme to increase the ease of
credit for the MSME sector has been announced in
the budget. Important announcements have been
made in the general budget to take the eco-system
of manufacturing and export to every district. 100
units will be set up for e-commerce export hub and
food quality testing, which will give impetus to the
One District-One Product campaign. This budget
has brought new opportunities for startups and the
innovation ecosystem. Be it a fund of Rs 1000 crore to
promote the space economy or the decision to remove
the angel tax, many such steps have been taken in this
budget. New employment opportunities will increase
with the development of new economic hubs in the
country. Today, exports in the defense sector are at a
record level. In this budget, not only has the allocation
been increased to make the defense sector self-reliant,
but many provisions have been made. Railways
Today's budget has brought new are considered the lifeline of transport and a record
energy and new opportunities allocation has been made for it in this budget. Today
for employment and self- the world's attraction towards India has increased and
new possibilities have increased in the field of tourism.
employment, it has brought better
Therefore, special emphasis has also been given to
development and a bright future.
tourism in the budget.
This budget will play the role of a
catalyst in making India the third
Purvodaya for Bharat Udaya
largest economic power in the For the first time, a government has embraced the
world and will lay a solid foundation vision of Purvodaya in the budget so that development
for a Viksit Bharat. reaches everyone and all regions of the country develop
at the same pace, so that the eastern region also
develops holistically like other parts. With this vision,
- Narendra Modi, Prime Minister
the construction of many important infrastructures
like highways, water projects, and energy projects in
eastern India will give new impetus to development.
areas will now be able to work in the top companies The states of the eastern part of the country are rich in
of the country. New doors of possibilities have opened natural resources and the cultural traditions of these
for them in this general budget. The objective of the states are strong. A scheme called Purvodaya will be
central government is to create entrepreneurs in every initiated for the all-round development of the eastern
village and house. For this purpose, the limit of Mudra region of the country, including Bihar, Jharkhand,
loans without guarantee has also been doubled from West Bengal, Odisha, and Andhra Pradesh. This
New India Samachar August 1-15, 2024 15
30-07-2024 17:20:54
NIS English AUG 1-15 2024 FINAL. Inf..indd 15
NIS English AUG 1-15 2024 FINAL. Inf..indd 15 30-07-2024 17:20:54
