BJP parliamentarian from Ranchi Sanjay Seth on Sunday said that incentives such as cash dole of Rs 1 lakh to Women Self Help Group (SHGs), promoting entrepreneurs to set up electric vehicles production units, bamboo cultivation, beekeeping and others in Union Budget are in larger interest of State as it will create employment in Jharkhand.
Seth the first time MP from Ranchi said, “In the Budget presented by Union Finance Minister Nirmala Sitharaman on Friday, a slew of initiatives has been proposed such as providing incentives to Women Self Help Group (SHGs). The initiatives will help states like Jharkhand which have focused in promoting SHGs.” Seth further said, “The Raghubar Das Government in State has been focusing on promoting women entrepreneurship, with Union Government’s initiative SHGs will gain momentum.”
The Ranchi MP flanked by BJP spokesperson Pratul Shahdeo and BJP media in-charge Shiv Pujan Pathak also lauded the Union Budget’s proposal to provide tax relief for setting up electric vehicles. Seth said, “After the Union Minister stated that the Government is going to provide tax relief to industries to set up electric vehicles, many potential industrialist and entrepreneurs have shown interest in setting up units of electric vehicles in Jamshedpur. Many business houses have called me and shown interest in setting up units for production of electric units in Steel City.”
Seth also lauded Modi Government’s interest in promoting bamboo cultivation and beekeeping. He said, “Jharkhand leads in honey production, if State farmers get financial and technical assistance in beekeeping it will definitely help State farmers. Also giving special focus on bamboo cultivation will help farmers as after Assam Jharkhand leads in bamboo cultivation.”
Seth, the BJP MP in Lok Sabha election defeated Congress Subodh Kant Sahay by the margin of nearly 2.80 lakh votes witnessed budget presentation for the first time. He said, “This time Union Budget presentation was special and different than earlier occasions, as for the first time Finance Minister presented the budget carrying ‘bahi khata’ (ledger), wrapped in red, replacing the briefcase that had become a familiar fixture of earlier accounting exercises.”
The MP said that measures such as additional Income Tax deduction of Rs 1.5 lakh on interest paid on loans borrowed up to March 31, 2020 on purchase of first home worth up to Rs 45 lakh are positive steps which will help in attainting ‘houses to all’ goals. Pensions for around 3 crore retail traders and shopkeepers with annual turnover less than Rs 1.5 crore aims at targeting small traders and businessmen.
Seth said, “The budget is poor, farmers, small traders, budding entrepreneurs, youths, women and middle class unlike other budgets which targeted only rich and big business houses.”
Seth who is participating in Parliament session for first time in ongoing Monsoon session has till date asked ten questions majority of which pertaining to Capital and State centric. The MP has raised the issue of revival of Heavy Engineering Corporation (HEC) which is mother of all industries in Parliament. Seth said, “I have raised the issue of revival of HEC with minister of Heavy Industries, Arvind Sawant. He will visit State Capital soon and will have discussion with HEC officials on revival of HEC.” The MP has raised the issue for granting Central University status to Ranchi University, raising the displacement issue of people who had to leave their villages after the construction of Chandil Dam.