Govt Spent About Rs 34 Lakh Crore On Capital Expenditure In Last Nine Years: PM Modi At Rozgar Mela

In this year’s Budget too, Rs 10 lakh crore was allocated for capital expenditure, said the PM as he distributed about 71,000 appointment letters to newly inducted recruits

Prime Minister Narendra Modi on Tuesday said that in the last 9 years, the government has spent about Rs 34 lakh crore on capital expenditure and on basic facilities. In this year’s Budget too, Rs 10 lakh crore was allocated for capital expenditure, Modi said at the 'Rozgar Mela', where he distributed about 71,000 appointment letters to newly inducted recruits in various government departments and organisations. 

The prime minister underscored the importance of today’s date as 9 years ago on this date, May 16, Lok Sabha Elections results were announced.

Modi said that in 70 years, only 20,000 km of rail lines were built in India. Our government has built 40,000 km of rail lines in the last 9 years. Before 2014, there were less than 4 lakh km of rural roads, today this length has gone to 7.25 lakh km. The number of airports rose from 74 in 2014 to nearly 150 today.

Similarly, 4 crore houses constructed for the poor in the last 9 years have created significant employment. Modi said 5 lakh common service centers in the villages are providing jobs in rural areas. All these initiatives are creating employment at a large scale, he added. 

In the past nine years, the PM said, the nature of jobs has seen tremendous changes where new sectors have emerged for the youth of the country. The Prime Minister reiterated that the central government is providing continuous support to these new sectors and highlighted the startup revolution that the nation has witnessed. He informed that the number of startups in the country increased from 100 before 2014 to more than 1 lakh today which has given employment to more than 10 lakh youths.

He informed that in the past nine years, the government has disbursed loans worth more than Rs 23 lakh crores under the Mudra Yojna which has helped in establishing new businesses, buying taxis, or expanding their existing establishments. The Prime Minister also informed that approximately 8-9 crore citizens have become first-time entrepreneurs after availing of loans under the Mudra Yojana.

He also informed that the central government is providing assistance of about Rs 2 lakh crore for manufacturing under the PLI scheme.

He also asserted that the reformed recruitment system has ended all possibilities of corruption and nepotism.

Prime Minister said that in the last 9 years, the government has prioritised the recruitment process by making it faster, transparent, and unbiased as he distributed about 71,000 appointment letters to newly inducted recruits in various government departments and organisations at 'Rozgar Mela'.

“Earlier it was difficult to apply for a government job, one had to stand in line for hours to get the form. Today the whole process from applying to results is online. Now no interview is required for Group C&D posts. This has ended the possibilities of corruption and nepotism,” said Modi.

The Prime Minister informed that after 2018-19, 4.5 crore new formal jobs have been created as per EPFO Net Payroll indicating a steady growth in formal jobs.

He also referred to his recent meetings with CEOs of leading global companies, including Walmart, Apple, Foxconn, and Cisco, to assert that there is "unprecedented positivity" about industry and investment in the country. Recalling his meeting with the Walmart CEO, the Prime Minister informed about the CEO’s confidence in India in exporting up to Rs 80,000 crore worth of goods from the country. 

The top executive of the semiconductor company NXP also showed positivity for India’s capacity to create a semiconductor ecosystem. Foxconn too has started investments worth thousands of crore, he said. 

FDI and the country's record export have been creating employment opportunities in every corner of India, he further said, noting that the nature of jobs has also been changing with his government constantly supporting the emerging sectors.

Notably, Rozgar Mela was held at 45 locations across the country. According to an official release from the Prime Minister's Office (PMO), the recruitments were taking place across Central Government Departments as well as State Governments/UTs supporting this initiative.