Union Budget 2024: Working to make India a developed nation by 2047, says Finance Minister Sitharaman

Finance Minister Nirmala Sitharaman said 25 crore people got freedom from multi-dimensional poverty in the last 10 years.

Published Feb 01, 2024 | 12:22 PMUpdated Feb 01, 2024 | 12:22 PM

Nirmala Sitharaman

The government is working to make India a developed country by 2047, Finance Minister Nirmala Sitharaman said on Thursday, 1 February.

Presenting the interim Budget 2024-25, Sitharaman also said minimum support prices for “Annadata” (farmers) have been increased periodically and appropriately.

She asserted that for the government, social justice is an effective and necessary model.

‘Govt addressing systemic inequalities’

The government is focusing on addressing systemic inequalities, she said, adding that the emphasis is on outcomes so that socio-economic transformation is achieved. “We focus on outcomes and not outlays,” Sitharaman said.

Poor, women, youth and farmers are four castes for the government, she added.

Sitharaman said that 25 crore people got freedom from multi-dimensional poverty in the last 10 years.

Earlier approach of tackling poverty through entitlement resulted in very modest outcomes, she said while presenting the interim Budget in the Lok Sabha.

There is transparency and assurance that benefits are transferred to all eligible citizens, Sitharaman said.

The National Education Policy is ushering in transformational reforms, she added.

The Finance Minister also said worries about food have been eliminated through free rations for 80 crore people in the country.

While presenting the interim Budget in the Lok Sabha, she said India was facing enormous challenges when the Modi government took office in 2014 and overcame those in the right earnest.

In November last year, Prime Minister Narendra Modi said his government would extend the free ration scheme for the impoverished population for five years.

Also Read: Finance Minister Nirmala Sitharaman to present sixth Budget in a row ahead of general elections

(Disclaimer: The headline, subheads, and intro of this report along with the photos may have been reworked by South First. The rest of the content is from a syndicated feed, and has been edited for style.)

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