Middle-Class Disposable Income A Government Priority, Says PM Modi

Prime Minister Narendra Modi on Friday said the Centre was working to increase disposable income among middle-class families. He further reaffirmed the government’s commitment to expanding Bengaluru’s modern infrastructure.

Speaking at IIM Bangalore, PM Modi inaugurated, dedicated and launched development projects worth more than ₹15,600 crore across Karnataka.

Describing Bengaluru as India’s Silicon Valley, PM Modi highlighted its contribution to IT exports, innovation and economic growth. He said the Union government remained committed to developing the city’s infrastructure.

PM Modi added that stronger infrastructure would generate employment and economic opportunities. He further said nearly 50 crore people had moved out of extreme poverty in recent years.

The Prime Minister said the newly inaugurated Pink Line Metro would connect IIM Bangalore and other educational institutions with major commercial centres.

PM Modi said the service would help lakhs of commuters save time and travel expenses.

The Prime Minister highlighted the expansion of Namma Metro, whose network had grown from around 17 km in 2014 to more than 100 km. He remembered former Union Minister Ananth Kumar and said the late BJP leader would have welcomed the city’s expanding Metro network.

PM Modi highlighted railway modernisation, noting that the Amrit Bharat Station scheme covers more than 60 stations in Karnataka. He referred to the state’s first Vande Bharat sleeper train and the upcoming service connecting Bengaluru, Mangaluru and Goa.

On energy security, PM Modi highlighted an 80,000-metric-tonne underground LPG storage facility in Mangaluru. He further mentioned the Devangonthi Marketing Terminal and a Bengaluru Compressed Biogas plant. The plant has a daily production capacity of around 13 tonnes.

The Prime Minister added that India’s renewable energy capacity had crossed 300 GW.

PM Modi said the government was supporting the aspirations of India’s expanding middle class. He highlighted income tax exemption on annual income of up to ₹12 lakh and subsidies of up to ₹40,000 under the PM Surya Ghar scheme.

Also Read: PM Modi Launches Rs 15,600 Crore Projects In Karnataka; Flags Off Vande Bharat