Budget to empower small and medium industries, create jobs: Kumaraswamy

The Budget includes various initiatives to financially empower small and medium-scale industries, which play a crucial role in generating employment, Union Minister HD Kumaraswamy said on Wednesday.

In her Budget speech on Tuesday, Finance Minister Nirmala Sitharaman announced a slew of measures for sectors including infrastructure, manufacturing, healthcare, education, startups, and green energy, among others.

“This Budget envisages sustained efforts and ample opportunities for all. It includes initiatives to financially empower small and medium-scale industries, which play a crucial role in generating employment. It is a visionary and far-reaching Budget,” the Minister for Steel said in a statement.

In the Budget, nine priority areas have been identified with Rs 1.48 lakh crore allocated for education, employment, and skills development. The goal is to create 4 crore jobs, ensuring better utilisation of human resources, Kumaraswamy, who also holds the portfolio of Union Minister for Heavy Industries, said.