EVERY CHALLENGE OF PRE-2014 ERA OVERCOME THROUGH ECONOMIC MANAGEMENT AND GOOD GOVERNANCE: FM

GOVERNMENT TO PRESENT A DETAILED ROADMAP FOR PURSUIT OF ‘VIKSIT BHARAT’ IN THE FULL BUDGET IN JULY

RS. 75,000 CRORE WORTH 50-YEAR INTEREST FREE LOAN TO STATES TO REALISE VISION OF ‘VIKSIT BHARAT’

HIGH-POWERED COMMITTEE FOR ADDRESSING CHALLENGES FROM FAST POPULATION GROWTH AND DEMOGRAPHIC CHANGES

GOVERNMENT TO ASSIST STATES  IN FASTER DEVELOPMENT OF ASPIRATIONAL DISTRICTS & BLOCKS , INCLUDING GENERATIONAL OF AMPLE ECONOMIC OPPURTUNITIES : UNION FINANCE MINISTER

GOVERNMENT TO PAY UTMOST ATTENTION TO MAKE EASTERN REGION & ITS PEOPLE A POWERFUL DRIVER OF INDIA’S GROWTH

 

While presenting the Interim Budget 2024-2025 in the Parliament today, the Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman underscored the transformative leadership of Prime Minister, Shri Narendra Modi and its impact on India's progress and emphasised that Amrit Kaal should be Kartavya Kaal to realise the vision of ‘Viksit Bharat’.

Amrit Kaal as Kartavya Kaal

The Minister said that the Government stands committed to strengthen and expand the economy with high growth and to create conditions for people to realize their aspirations. Smt. Sitharaman quoted the Prime Minister from his Independence Day address to the nation, in the 75th year of our Republic, and said, “We commit ourselves to national development, with new inspirations, new consciousness, new resolutions, as the country opens up immense possibilities and opportunities”. She said that it is indeed our ‘Kartavya Kaal’.

She highlighted that every challenge of the pre-2014 era was overcome through economic management and good governance. The Minister said, “These have placed the country on a resolute path of sustained high growth.  This has been possible through our right policies, true intentions, and appropriate decisions.”

Smt. Sitharaman also said, “In the full budget in July, our Government will present a detailed roadmap for our pursuit of ‘Viksit Bharat’.”

Reforms in the States for ‘Viksit Bharat’

The Minister noted that many growth and development enabling reforms are needed in the states for realizing the vision of ‘Viksit Bharat’. In this regard, she announced seventy-five thousand crore rupees as fifty-year interest free loan to support those milestone-linked reforms by the State Governments. 

High-Powered Committee to consider challenges arising from fast population growth

Smt. Sitharaman stated that the Government will form a high-powered committee for an extensive consideration of the challenges arising from fast population growth and demographic changes. The committee will be mandated to make recommendations for addressing these challenges comprehensively in relation to the goal of ‘Viksit Bharat’, she added.

 Development of aspirational districts & blocks

Smt. Nirmala Sitharaman said that through ‘Aspirational Districts Programme’the Government stands ready to assist the states in faster development of aspirational districts and blocks, including generation of ample economic opportunities.

Development of East

Stressing on the Government’s focus on the development of the East, Union Minister for Finance also said that the Government will pay utmost attention to make the eastern region and its people a powerful driver of India’s growth.

Interest-free loan to states supports reform-linked development and advances the Viksit Bharat roadmap and regional growth. The interim budget frames Amrit Kaal as Kartavya Kaal and commits to a detailed Viksit Bharat roadmap in the full budget. Operational measures include a long-term interest-free loan facility to support milestone-linked state reforms, creation of a high-powered committee to study challenges from rapid population growth, assistance for faster development of aspirational districts and blocks to generate economic opportunities, and focused support to make the eastern region a driver of national growth.