Kangana Ranaut gives thumbs up to Union Budget 2024, calls it "wholesome"

Bharatiya Janata Party MP and actor Kangana Ranaut on Tuesday hailed the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman and called it wholesomeKangana who is an MP from Mandi in Himachal Pradesh also referred to the announcement regarding flood relief for the stateWe are very happy with the budget she said She also took to Instagram and shared a picture with BJP MPs Bansuri Swaraj and Ravi KishanWholesome budget Parliament budget session she captioned the postIn her budget speech in Lok Sabha Sitharaman said Himachal Pradesh suffered extensive losses due to floods last yearOur government will provide assistance to the state for reconstruction and rehabilitation through multilateral development assistance the minister saidSitharaman said the government is particularly focusing on employment skilling MSMEs and the middle classShe announced the Prime Ministers package of 5 schemes and initiatives to facilitate employment skilling and other opportunities for 41 crore youth over a fiveyear period with a central outlay of Rs two lakh croreThis year I have made a provision of Rs 148 lakh crore for education employment and skilling she saidSitharaman said the government will implement three schemes for Employment Linked Incentive as part of the Prime Ministers packageThese will be based on enrolment in the EPFO and focus on recognition of firsttime employees and support to employees and employers she saidShe said Scheme A for First Timers will provide onemonth wage to all persons newly entering the workforce in all formal sectors The direct benefit transfer of onemonth salary in three instalments to firsttime employees as registered in the EPFO will be up to Rs 15000 The eligibility limit will be a salary of Rs one lakh per month The minister said the scheme is expected to benefit 210 lakh youthThe minister said that Scheme B for job creation in manufacturing will incentivize additional employment in the manufacturing sector linked to the employment of firsttime employees An incentive will be provided at specified scale directly both to the employee and the employer with respect to their EPFO contribution in the first 4 years of employment The scheme is expected to benefit 30 lakh youth entering employment and their employersThe minister said that the employerfocussed Scheme C will cover additional employment in all sectors All additional employment within a salary of Rs 1 lakh per month will be counted The government will reimburse to employers up to Rs 3000 per month for two years towards their EPFO contribution for each additional employee The scheme is expected to incentivize additional employment of 50 lakh personsThe minister said the government will facilitate higher participation of women in the workforce through setting up of working women hostels in collaboration with industry and establishing creches In addition the partnership will seek to organize womenspecific skilling programmes and promotion of market access for women SHG enterprisesSitharaman announced a new centrally sponsored scheme as the 4th scheme under the Prime Ministers package for skilling in collaboration with state governments and IndustryShe said 20 lakh youth will be skilled over a 5year period 1000 Industrial Training Institutes will be upgraded in hub and spoke arrangements with outcome orientation Course content and design will be aligned to the skill needs of industry and new courses will be introduced for emerging needsSitharaman said the Model Skill Loan Scheme will be revised to facilitate loans up toRs 75 lakh with a guarantee from a government promoted Fund This measure is expected to help 25000 students every year she saidFor helping our youth who have not been eligible for any benefit under government schemes and policies I am happy to announce a financial support for loans upto Rs 10 lakh for higher education in domestic institutions Evouchers for this purpose will be given directly to 1 lakh students every year for annual interest subvention of 3 per cent of the loan amount she saidSitharaman said that under the 5th scheme under the Prime Ministers package the government will launch a comprehensive scheme for providing internship opportunities in 500 top companies to one crore youth in five yearsThey will gain exposure for 12 months to reallife business environment varied professions and employment opportunities An internship allowance of Rs 5000 per month along with a onetime assistance of Rs 6000 will be provided Companies will be expected to bear the training cost and 10 per cent of the internship cost from their CSR funds she addedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever