Mr Karad said that the Productivity Linked Incentive (PLI) scheme is another initiative which has helped the industries to improve their efficiencies.
Union Minister of State for Finance Bhagwat Kishanrao Karad said that the Atmanirbhar Bharat Yojana was a boon for businesses, especially Micro, Small and Medium Enterprises (MSMEs), which bore the brunt of COVID-19.
In the context of the efforts being made by India to become self-reliant, an amount of ₹ 2.28 lakh crore has been disbursed under the flagship scheme of the Central Government with the aim of providing much needed assistance to the industries.
Mr Karad said that the Productivity Linked Incentive (PLI) scheme is another initiative which has helped the industries to improve their efficiencies.
The Union Budget 2022-23 included several measures that would boost not only industries but also agriculture and various social sectors, even as the country was battling the pandemic, he observed.
Addressing media persons here on Sunday, Mr. Karad said that the budget lays emphasis on the welfare of women and youth and the biggest employer is the service sector.
He stressed that the Prime Minister’s Gati Shakti infrastructure masterplan is ready to take the economy on a high growth trajectory.
‘Parvat Mala’ was a unique project under which ropeways were planned on a large scale to connect hilly areas in the states.
The Union Minister further said that the budget was not prepared keeping in mind the upcoming elections but with a view to achieve all-round development by the year 2047, and appealed to the people not to fall prey to those launching malicious campaigns. against the centre.
BJP state president Somu Veeraraju said that the budget has not given big relaxation, but a pragmatic approach has been adopted to deal with the issues being faced by the economy.
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