Don’t miss the latest developments in business and finance.

Home / Budget / News / Budget 2019 a trailer, will guide India to prosperity, says PM Modi

Budget 2019 a trailer, will guide India to prosperity, says PM Modi

This Budget will boost the efforts of 1.3 billion citizens in realising the goal of a "New India," Modi said

Prime Minister Narendra Modi
Premium
Prime Minister Narendra Modi addresses at the foundation-stone laying ceremony for extension of Terminal Building of Surat Airport | Photo: PTI
Press Trust of India
Last Updated : Feb 02 2019 | 12:46 AM IST
Connect with us
Facebook IconLinkedIN Icon
Prime Minister Narendra Modi on Friday said the interim Budget is merely a “trailer” of what will guide India towards prosperity after the Lok Sabha polls, and described it as something that will benefit all sections of society.

In his remarks after the interim Budget was presented in Parliament, Modi said it empowers people and referred to a host of budgetary announcements and schemes to drive home his point.

More than 120 million farmers, 30 million middle class families and 300-400 million workers employed in the unorganised sector will benefit from the Budget, he said, adding that poverty has been falling at a record rate due to his government’s efforts.

This Budget will boost the efforts of 1.3 billion citizens in realising the goal of a “New India,” Modi said. 


He said the development initiatives of the National Democratic Alliance (NDA) government have touched several lives which have been reflected in the budget proposals from farmer welfare to middle class, from income-tax relief to infrastructure, from manufacturing to MSME, from housing to healthcare and from the increased pace of development to the “New India”.

He expressed happiness over more people being removed from the shackles of poverty.

“Our neo-middle class is rising and so are their dreams... The interim Budget is a trailer for what will take India towards prosperity after the Lok Sabha polls,” he said in a televised statement. 

He also congratulated the middle class for the relief in taxes and said he salutes it for its contribution towards the development of the nation. About the pro-farmer initiatives in the Budget, he lamented that for years, many initiatives were taken for the farming community, but a lot of farmers never came under the ambit of these schemes.

He said PM Kisan Nidhi was a historic step for farmers’ welfare, which will help the farmers who have under five acres of land. Modi added that the animal husbandry sector, fisheries have been taken care of in the Budget for “new India”. Underlining the importance of safeguarding the interests of the unorganised sector, he said PM Shram Yogi Man Dhan Yojana will be of great help. 

This sector needed more safeguarding of their interests and the Budget for new India has done so. Ayushman Bharat Yojana and social security schemes are also going to touch their lives, he added. 


Modi said it was essential to ensure that the benefits of development reach all sections of society. “The Budget will empower the poor, give a boost to farmers and an impetus to economic growth,” he said.

In his statement, he thanked Arun Jaitley, who is undergoing treatment, and Finance Minister Piyush Goyal for the Budget. Till recently, Jaitley was handling the finance portfolio. Goyal now holds the additional charge of finance.
Connect with us on WhatsApp

More From This Section

Interim Budget 2019: The formula for success of farm economy

Budget leaves Rs 1 trn in consumers' hands but tax targets look ambitious

Interim Budget 2019: Economy caught in a 3.5%/7.5% trap?

Interim Budget: Stamp duty on shares to be based on investor's home state

First Published: Feb 02 2019 | 12:23 AM IST

Explore News

Next Story