Union Budget a big boost for MSMEs: Sarangi

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Union MSME Minister Pratap Sarangi on Sunday asserted that the Budget proposals for 2021-22 as presented in the Parliament by Finance Minister Nirmala Sitharaman is a reiteration of the determination of the Narendra Modi Government from the ruins of coronavirus scare across the globe.

Addressing a Press conference here, Sarangi said the Budget is also a reflection of the aspirations of 130 crore people in the country as it is based on six pillars to revive economy that suffered a severe jolt due to the pandemic that gripped the entire globe.  Those pillars were health and welfare, investment and infrastructure, inclusive development, appropriate utilisation of human resource development, research & development and maximum governance, he said. “It is like a pitcher of nectar”, he remarked. 

He said the Budget has emphasised on development of dairy, animal resource development, fishery, Covid vaccine, railways and highways among a host of other development activities.  “A whooping Rs 15,700 crore has been earmarked for the micro, small and medium enterprises that will spur development,” he asserted.

Further, a provision of Rs 2,23,846 crore has been made in the Budget for the health care sector which is noteworthy, he said adding, “Covid vaccination will be done on every person in the country for which the Government has earmarked Rs 35,000 crore.” At Rs 2,23, 846 crore, the allocation for health and welfare sector is 137 per cent more over the allocation in 2020-21 financial year, he said.

Sarangi said the Government has made a provision of Rs 1,10,055 crore for the railways and Rs 3.3 lakh crore for 13,000 km of new roads across the country. “Odisha has been allocated Rs 6,995.58 crore for development of railway infrastructure,” he said. “The Budget proposals will instil faith in individuals, investors, industry and infrastructure,” he said.  Sarangi said the Union Government would launch a ‘Mission Poshan’ in the 112 Aspirational Districts across the country to improve nutrition through a coordinated scheme.

 Further, the Government intends to spend Rs 2,87,000 crore in the Jal Jeevan Mission in 4378 urban areas to supply drinking water to 2.86 crore families. Five hundred Amrit Mission cities would be made free of garbage and pollution due to construction and demolition activities would be controlled during the year, Sarangi asserted.

Daily Pioneer
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