Feb 1, 2022
By: Vaamanaa Sethi...will create 60 lakh jobs and has the potential to create production worth ₹30 lakh crore over the next five years, said India’s Finance Minister Nirmala Sitharaman, on Tuesday, while presenting the budget.
Credit: Pixabay
As the name suggests, a PLI scheme is a sum of government incentives, which are directly linked to the manufacturing performance.
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...“This year’s budget brings you more infrastructure, more investment, more growth and therefore more jobs.”
Credit: BCCL
...with estimated ₹19,000 crore fresh investment, is expected to create additional 7.5 lakh jobs in this sector.
Credit: Union-Budget
He said, “This year’s budget also opens the door to a new segment, which is green jobs — jobs in the green energy sector.”
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...according to a study by Council on Energy, Environment and Water (CEEW).
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Nirmala Sitharaman, in a media briefing said, “Spending ₹5.5 lakh crore on infra and we are expanding ₹7.7 lakh on capital expenditure. It will have a direct impact on jobs. Besides this, PLI is being pushed in 14 sectors. Independent studies say that the MSME [micro, small and medium enterprises] sectors used the similar ECLGS [emergency credit line guarantee scheme] loans (given last year) to retain employees. The ECLGS given to hospitality is being given keeping jobs/employment in mind.”
Credit: BCCL
...an increase by ₹3,587 crore from last year.
Credit: Ministry-of-Labour-and-Employment
...(MGNREGA) has been reduced to ₹73,000 crore from ₹98,000 crore last year.
Credit: MGNREGA