Union Budget 2022: PLI scheme can create 60 lakh jobs in next 5 years, says Nirmala Sitharaman
New Delhi, February 1: Finance Minister Nirmala Sitharaman, during the presentation of the Union Budget 2022-23 on Tuesday, informed the Parliament that the Production Linked Incentive (PLI) Scheme of the Centre has the potential to create 60 lakh new jobs during the next five years.
"Production Linked Incentive (PLI) Scheme for achieving Aatmanirbhar Bharat has received an excellent response, with potential to create 60 lakh new jobs and additional production of 30 lakh crore during next Keycap digit five years," she said.
Also Read | Economic Survey projects 8-8.5 GDP growth for FY 2022-23
Stating that the Centre's Budget for the upcoming Financial Year primarily focuses on two core sectors; Women, Students, Farmers, and Big public infrastructure for modernisation and development, the Finance Minister said, "PM Gati Shakti will pull forward the economy and will lead to more jobs and opportunities for the youth."
She also added that since 2014, the government's focus has been on the empowerment of citizens especially the poor and marginalised.
"We strive to provide the necessary ecosystem for the middle class," she further added.
The Union Cabinet on Tuesday approved the Budget 2022-23 presented by Finance Minister Nirmala Sitharaman in Parliament.
Presenting the Union Budget 2022, Finance Minister Nirmala Sitharaman on Tuesday said that overall sharp rebound and recovery of the economy is reflective of India's strong resilience.
"Overall sharp rebound and recovery of the economy are reflective of India's strong resilience," Sitharaman said while addressing the Parliament on Tuesday. FM Sitharaman began her presentation of Budget 2022 by expressing empathy with those who were affected by the adverse health and economic effects of the Covid-19 pandemic.
Also Read | Union Budget 2022 Highlights: No change in income tax slabs; RBI to launch India’s own digital currency
-PTC News
