Finance Minister Nirmala Sitharaman is currently presenting her sixth consecutive budget. At the outset of her speech, the minister underscored the government’s top priority for four key groups: the poor, youth, women, and farmers. She delved into various subjects, including the economy, women’s involvement in the workforce, PMAY-G, and the significant impact of ‘youth power’ in sports, housing scheme, Skill India Mission, and tax slab, among other subjects.
India’s rural housing scheme
Presenting the budget, the Finance Minister said that India is close to matching its target of 3 crore houses under the rural housing scheme, adding that two crore more houses will be constructed in the next five years.
Earlier this month Prime Minister Narendra Modi disbursed the initial installment of Rs 540 crore to one lakh beneficiaries of a rural housing scheme as part of the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN), via video conferencing.
Sitharaman noted that the government will prepare the financial sector in terms of size, capacity, skills, and regulatory framework in order to meet investment needs. The government aims to foster robust and resource-efficient economic growth to guarantee energy security for the nation.