The Union budget, according to the deputy chief minister of Maharashtra, is best characterised as “sarvajan hitai.”
“The income tax exemptions and restructuring will provide a huge relief to the middle- and lower-middle classes. It help them accomplish their aspirations,” Fadnavis told reporters. “The budget has taken into consideration the concerns and growth in each field.”
“The raising of the income tax exemption ceiling from Rs 5 lakh to Rs 7 lakh will bring huge relief. To a sizeable population. Those with an annual income of Rs 15 lakh will have to pay up to Rs 1.5 lakh. Large middle-class population will get cover. The tax benefits will help the middle- and lower-middle classes to a great extent,” he said.
Fadnavis went on to say that the Rs 2 lakh crore loan guarantee was a step toward boosting small and medium businesses (SME). The source of the most job creation.
He stated that the Rs 10 lakh crore infrastructure investment will accelerate the economy across states, including Maharashtra.
Special programmes to combat sickle cell anaemia will benefit adivasis, among whom he claims it is more prevalent. The goal is to eradicate the illness by 2047.
According to Fadnavis, the initiative to lure one crore farmers into organic farming is difficult. Its success would enhance healthy food production and assist farmers in reducing input costs, he noted.