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Budget will provide necessary impetus to growth of economy affected by Covid-19 situation: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said that Union Budget has set the pace for India to become Aatmanirbhar through the reforms and stimulus.

Union Finance Minister Nirmala Sitharaman said that Union Budget has set the pace for India to become Aatmanirbhar through the reforms and stimulus.

She said the Budget will provide necessary impetus to the growth of the economy affected by the Covid-19 situation. Reforms taken up by Government will lay the path for making India one of the top economies of the world, the Minister added.

While replying to the general discussion on the Union Budget for 2021-22 in the Lok Sabha today, the Finance Minister said, the government took the challenge as an opportunity and took the steps for the long term growth of the economy.

Ms. Sitharaman rejected the allegations of the opposition parties about the reduction in the budget allocation for the various schemes. She said, the budget provisions have been misread.

Talking about the agriculture sector, she said, one lakh 15 thousand crore rupees have been transferred to more than 10 crore farmers under the PM-Kisan Samman Nidhi scheme. She said, allocation to the defence sector has been increased by 18.8 per cent in comparison to previous allocation.

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