Highlights of budget 2025 india
The government’s focus in the budget is on development. Amid growth slowdown due to rising global tensions this budget emphasizes key economic themes. This budget is expected to put more focus on the development of the poor, women, and youth. Increased emphasis on rural development and manufacturing. More reforms to be introduced in the financial sector.
So here are the key highlights of budget 2025 India:
- Dhan Dhanya Yojana to be launched in 100 districts.
- Special 6-year mission for Tur, Urad, and Masoor dal
- Makhana Board to be set up in Bihar.
- Central agencies to purchase pulses for 4 years.
- New schemes for vegetable and fruit production in collaboration with states.
- Development of the marine sector.
- Kisan Credit Card limit increased to ₹5 lakhs.
- Urea plant to be set up in Assam.
- India Post to be developed as a major logistics organization.
- Special credit card for small businesses.
- Self-reliance in edible oils.
- Special schemes for footwear and leather.
- India to become a global hub for toys.
- Special scheme for women from backward classes.
- 22 lacs new jobs to be created under the Leather Scheme.
- Launch of the National Manufacturing Mission.
- Increased emphasis on Indian languages in education.
- More IIT institutes to be established.
- 75,000 new seats in the medical field in the next 5 years.
- Special AI research centers to be set up.
- Health insurance scheme for small workers.
- UPI-linked card for small vendors.
- UPI-linked credit card limit set at ₹30,000.
- Interest-free funds for states to boost infrastructure development.
- ₹1 lakh crore fund announced for urban development.
- Increased focus on nuclear energy by 2047.
- Special scheme for nuclear energy.
- Special scheme for the ship-breaking industry.
- More cities to be connected under the ‘Udaan’ scheme.
- New airport to be constructed in Bihar.
- 40,000 housing units to be built under the SWAMIH scheme.
- 52 new tourist destinations to be developed in collaboration with states.
- New mining policy to be introduced.
- ₹20,000 crore investment in R&D for the private sector.
- All government secondary schools to be connected with broadband.
- New schemes to boost exports.
- Buddha-related sites to be developed.
- Special scheme for preserving Indian scripts.
- Easier access to funds for export promotion.
- New Income Tax Bill to be introduced next week.
- 100% FDI limit in the insurance sector.
- Simplification of RE-KYC process.
- 100% FPI limit in the insurance sector.
- Custom duty removed on 36 life-saving medicines.
- Changes in custom duty on electronic goods.
- No primary duty on lead & zinc.
- Duty removed on crust leather.
- New, simplified Income Tax law to be introduced.
- TDS rates to be made simpler.
- Major tax relief for senior citizens.
- Tax exemption limit for senior citizens increased to ₹1 lakh.
- TDS exemption limit on rent increased to ₹6 lakh.
- No penalty on delayed TCS payments.
Biggest Announcement:
No tax on income up to ₹12 lakh!
1 thought on “Highlights of Budget 2025 India”
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