Budget 2021: Finance Minister Nirmala Sitharaman presented the budget in Parliament. Talking about the preparation of budget in the circumstances of Corona crisis, he said that the youth will get employment opportunities. The country has improved a lot due to the self dependent package. This budget will prove to be an opportunity in disaster. The Finance Minister further said that the country’s economic package is 13 percent of GDP. The PM Garib Kalyan Yojana, three self-sufficient India packages and many announcements after that were like five mini budgets in themselves.
Presenting the budget, Finance Minister Nirmala Sitharaman said that the target of producing fish by 2022 is two lakh tonnes, in which the youth of coastal areas will get employment. It is also important to pay attention to the steps taken by the government regarding the new education policy, self-employment scheme, self-reliant India and other such schemes.
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The ownership plan will now be implemented nationwide. Five fishing harbors will be built as hubs of economic activity. Fish Landing Center in Tamil Nadu will also be developed. A portel will soon be launched for workers and workers, with details of migrant workers available. Working women will also be able to work in all shifts. Adequate security arrangements will also be made for women working in night shifts. There is a relief news for the MSME sector. Budget amount has been increased for MSMEs.
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Budget 2020 Announcements and Benefits in MSME
Nirmala Sitharaman had announced in the 2020 budget that Rs 27300 crore will be given for the expansion of industry, commerce. This gave new strength to this sector. At the same time, there was talk of creating an app based invoice to prevent delayed payments to MSMEs. The government introduced a ‘Nirvik’ (Export Credit Development Scheme) scheme. Under this, it was said to give loans to investors. Also, up to 90 percent insurance was given in this scheme. It was announced that necessary amendments would be made in the Non-Banking Financial Companies Act to provide easy credit to Small and Medium Enterprises (MSMEs), urging the Reserve Bank to extend the MSME loan restructuring deadline.
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Major announcements of Budget 2021, where millions of jobs will be found
- PM self-sufficient healthcare will start
- PLI Scheme Soon for 13 Sector
- Aim to double farmers’ income
- Government brought 27.1 lakh crore self-sufficient India package in Corona era
- Three special schemes in self-reliant India
- Vision of self-sufficient India in the budget
- Scheme of exemption on interest on loan up to Rs 1.5 lakh extended for one year: Finance Minister
- Announcement of National Highway Project (1.03 Lakh Crore) in Tamil Nadu
- Economic corridors will be built in this
- 1100 km of National Highways will be built in Kerala. 65 thousand crore rupees will be spent on this.
- Mumbai-Kanyakumari Economic Corridor announced
- Announcement of National Highway Project for Kolkata-Siliguri in West Bengal too
- Announcement of highway and economic corridor in Assam in next three years
- Tamil Nadu, Assam, West Bengal got the gift of highways
- Resources like Railway Dedicated Front Corridor, NHAI’s Toll Road, Airport will be covered under Asset Monetization Management
- Declaration of the construction of 7 textile parks in the country
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Special care has been taken of the area in which the country suffered more during the Corona epidemic. With this budget, most of the people are eyeing on the job sector and what is for the youth. People lost jobs due to Corona and lockdown, while new jobs were not created in that situation.
The education and employment sectors have been greatly affected by the Corona epidemic. V shape recovery has been said by the government, which claims to benefit every sector of the country. Before the budget, the Ministry of Finance said that after ‘We Shape Recovery’ job opportunities will increase in future.
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Budget 2021 For Youth – self-sufficient package
The government has taken important steps towards a self-reliant India. Under the Pradhan Mantri Garib Kalyan Yojana, a lot of help has been provided to the poor sections. Rules have been made to improve the self-sufficient package. The RBI had announced a package of 27 lakh crores in the Corona era.
Investment in textile will increase jobs
The youth will get jobs after investment in textile sector. The textile industry will be promoted in the country. This year, the focus will be on exports. 7400 projects will be launched. There will be a large number of recruiters of youth seeking jobs in the field of medicine.
Public Sector Project Jobs
Nirmala Sitharaman said that youth will be given jobs in public projects going on in different states of the country. There will be recruits in the ongoing National Highway Project in Bengal. The youth will be trained in the shipguard and work is being done to promote the metro project in Chennai.
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