Reacting to Union Budget, Haryana Chief Minister Nayab Singh Saini on Tuesday said that the first full budget of the NDA Government under the leadership of Prime Minister Narendra Modi, in his third term, is aimed at fulfilling the hopes and aspirations of the poor, women, farmers, and youth. This budget will be a key in making India a developed Nation, he added.

The Chief Minister said that this budget will prove to be beneficial for all sections of society, strengthening the country's economy and taking the nation to new heights of development.

Congratulating Finance Minister Nirmala Sitharaman for presenting an innovative and development-oriented budget, the Chief Minister said that in the coming time, the budget will provide a vision for making agriculture more profitable, strengthening the economy, accelerating industrial development, and creating employment opportunities.

He further said that the budget emphasizes promoting agricultural research for 32 agricultural and 109 horticultural varieties of crops suitable to the climate. This will greatly benefit Haryana, an agriculture-dominated state. Similarly, the provision of assisting one crore farmers for natural farming is commendable. Natural farming is environmentally friendly, saves precious water, provides pure food to the public, and reduces the production costs for farmers by eliminating the reliance on chemical fertilisers and pesticides, he added.

Saini said that the announcement in the budget to increase the production of pulses and oilseeds and to strengthen their storage and marketing will significantly encourage farmers adopting crop diversification in Haryana. Paying special attention to MSMEs and manufacturing, especially labour-intensive manufacturing, is also a great step. Various loan guarantee schemes for the development of the MSME sector and increasing the ‘Mudra loan’ limit from Rs. 10 lakh to Rs. 20 lakh will benefit small entrepreneurs.

He stated that the announcement of three new employment-related schemes in the budget will create new job opportunities in the country. First-time employees will receive one month's salary (up to Rs. 15,000) through EPFO, benefiting 210 lakh youth. Apart from this, encouraging contributions to EPFO for newly appointed youths in the manufacturing sector and their employers is commendable. The government will reimburse employers up to Rs. 3,000 per month for EPFO contributions for two years.