Budget will increase employment-transform economy...
The whole country has its eyes on the new budget. The economic survey conducted by the government earlier also revealed that the government is going to pay special attention to inflation and unemployment and this is what happened. To reduce unemployment, the government has said that it will spend money, invest and increase employment. Now the government may not have mentioned the sector in this, but they have also talked about internship, apprenticeship, have also given money in the budget, the government also wants to train people through the PPP model, after that there is also a system of giving loans. After training, loans are easily available, along with that the Mudra loan has also been doubled.
There is talk of providing funds to MSME (Micro, Small, Medium Enterprises), apart from that, the government is also considering giving some relief to the industries that are providing employment. Whether it is in EPF or with contribution in salary. Money-bid has also been increased for startups, the government has been focusing on employment.
Budget is inclusive and strong
Overall the budget is fine. Agriculture has also been discussed in it, however, one thing is that whatever things the government is going to implement will be done through banks. Whether it is through loans, financial assistance or whatever, everything will be done through banks. It is a good thing that the government has no intention of privatizing or merging banks right now. There is a need to strengthen the banks. If banks have to give credit, then there should also be the necessary funds. According to RBI, the deposit growth and capacity of banks is low. What the government will do for that, it should be told. Whether the government will invest capital, or give exemption, or how will it do it, is a matter of thinking. However, the government has not given any relief in income tax for this. Along with giving financial assistance, the government will have to appoint sufficient number of officers and employees in the banks. The schemes are good, but if they are not implemented properly or are not monitored, then the government will have nothing to show next year. If the banks get adequate support and are monitored, then the government can implement this budget.
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