Union Budget 2021 Has Set The Pace For India To Become Atmanirbhar: FM

On Saturday, Finance Minister Nirmala Sitharaman said that the Union Budget 2021-22 has set the pace for India to become Aatmanirbhar.

Replying to debate on the Budget in Lok Sabha, Sitharaman also said that the challenges of pandemic did not deter the government from undertaking reforms for maintaining long term goals of the country.

The reforms undertaken will lay the path for India to become one of those fastest-growing economies in the world, she said, adding the Budget has set the pace for India to become Aatmanirbhar or self-reliant.

Earlier this month, the finance minister presented a Rs 34.5 lakh crore Budget for the country for the financial year 2021-22 in the backdrop of the COVID-19 pandemic.

The Budget laid emphasis on increasing capital expenditure, raising allocation for healthcare capacity building and development of agriculture infrastructure, among others, which are expected to have a multiplier effect on the economy.

With regards to increasing allocation for rural job guarantee scheme, the finance minister said the government will allocate more funds for Mahatma Gandhi National Rural Employment Guarantee (MGNREGA) scheme for 2021-22, if needed, as against Budget estimate of Rs 73,000 crore.