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Prime Minister 31 March 2015 My Dear Small Business Brothers and Sisters Vegetable sellers, milkmen, grocers, washermen, newspaperwallahs, weavers, artisans, flower-sellers and so on- you all are the backbone of our nation. The strength you give to the economy is one of its most overlooked secrets. While many think that large companies dominate, in reality, it is over five and a half crore small units like yours, which drive our economy through small manufacturing, trading and service businesses. Furthermore, you provide employment to 11-12 crore people, the majority of whom are SCs, STs, OBCs and minorities. India thus depends on you for its growth, jobs and prosperity. If your hands are strengthened, I am confident you will take the nation to even greater heights. You should be able to run your business easily - not be harassed by officials, get loans for your day-to-day activities, material for your operations and markets for your products. You should be protected from any financial crisis and feel secure about your future. If this is done, you will be strong enough to lift the nation up. With this in mind, my government has come up with a number of initiatives to help you. Several schemes have been rolled out over the past year, while many more have been announced in this years' budget.
Business Related Irregular and costly power hits you the worst in running your business. We are helping State governments separate rural agricultural supply through the Deen Dayal Upadhyaya GramJyoti Yojana,to ensure you get 24x7 power. I know that the times are changing. As your children grow up, their thoughts and aspirations are very different from yours. They want to take more risks, be more innovative. They want to use newer technologies. This can be a risky matter. For them, we are setting up the SETU (Self-Employment and Talent Utilisation) mechanism to support all aspects of a start-up business, from credit to incubation. AIM (Atal lnnovation Mission) has also been established, to promote a network of world-class innovation hubs for those wanting to get into cutting-edge R&D.
Individual Having always heard about government servants getting pension after retirement, we would have often worried about our own old age. Who would look after us? How would we manage financially? For this we have come up with the Atal Pension Yojana, which will give you a pension of Rs 5,000 per month after you are 60, by saving just Rs 250 per month from a young age. In addition, your children will inherit up to Rs 8.5 lakhs when you are no more. All the above schemes and programs announced in the budget, will be rolled out in the near future. I urge you to take full advantage ofthe same. On the whole, we Indians are a proud, self-made people. We live with dignity and self-respect, and stand on our own feet even in the worst of times. lf we are given wings, we will fly. I am thus committed to empowering you to do so and I am confident you can, and you will! I wish you the very best! Jai Hind! Narendra Modi Related Updates: Prime Minister Letter on Budget to Farmers Click Here >> Prime Minister Letter on Budget to Small Businessmen Click Here >> Prime Minister Letter on Budget to Youth Click Here >> Prime Minister Letter on Budget to Senior Citizens Click Here >>
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