Founder, VLCC Group and Chairperson, Beauty & Wellness Sector Skill Council
Overall it is a positive Budget, which will provide a general relief to the middle class.
I believe it will foster an ecosystem for entrepreneurship through initiatives like the inception of a Mudra Bank for providing credit to SC/STs and OBCs on priority and the Nayi Manzil Scheme for Minority Youth to gain employment, which is much needed.
The Finance Minister deserves to be complimented for recognizing the key role that skill development can play in ensuring that the country is in a position to take advantage of its favorable demographic profile to achieve a quicker and more inclusive growth. The launch of a National Skill Mission and aligning it with the ‘Make in India’ theme will lay the foundation for the country being in a position to emerge as the ‘Skills Capital’ of the world by 2022, the 75th year of our Independence. The rationalization of various legacy skill development schemes under the Ministry of Skill Development & Entrepreneurship and making the Sector Skill Councils the fulcrum for all skill development-related initiatives will ensure that our youth receive industry-oriented training that will help them become employable.