UNION BUDGET FY2025
UNION BUDGET RECOGNISES 4 ENGINES OF DEVELOPMENT
Agriculture
Investment MSME
EXPORTS
SUMMARY OF UNION BUDGET FY 2025-2026
➢ The union budget provided a big relief to the Indian Middle Class by increasing the income tax limit from ₹7 lakh to ₹12 lakh in the new income tax regime.
➢ Salaried Class To Pay Nil Income Tax Upto ₹ 12.75 Lakh Per Annum In New Tax Regime
➢ Facilitate short term loans for 7.7 crore farmers, fishermen, and dairy farmers with enhanced loan of ₹5 lakh.
➢ Prime Minister Dhan-Dhaanya Krishi Yojana -Developing Agri Districts Programme- To cover 100 districts and likely to help 1.7 crore farmers.
➢ 5-year mission to facilitate improvements in productivity and sustainability of cotton farming.
➢ Makhana Board in Bihar,To be set up to improve production, processing, value addition, and marketing and organisation of FPOs
➢ Future needs of Bihar - Greenfield airports, Financial support for the State and Western Koshi Canal ERM Projects
➢ India Post as a Catalyst for the Rural Economy
➢ Rural community hub colocation
➢ Credit services to micro enterprises
➢ Insurance; and Assisted digital services
Source: Ministry of Finance Source: Ministry of Finance
SUMMARY OF UNION BUDGET FY 2025-2026
➢ SUPPORTING MSMEs & FURTHERING MAKE IN INDIA
➢ Credit Cards for Micro Enterprises: Customised Credit Cards with a ₹ 5 lakh limit for micro enterprises registered on Udyam portal. In the first
year, 10 lakh such cards will be issued.
➢ Scheme for first time Entrepreneurs: For 5 lakh first-time entrepreneurs, including women, Scheduled Castes and Scheduled Tribes, a new
scheme, to be launched, to provide term loans up to ₹ 2 crore during the next 5 years.
➢ Expansion of medical education: 10,000 additional seats with the goal of adding 75,000 seats in the next 5 years.
➢ Atal Tinkering Labs: 50 Thousand Labs to be set up in government schools in next 5 years
➢ Support to States for Infrastructure: With an outlay of ₹ 1.5 lakh crore, 50-year interest free loans to states for capital expenditure and incentives for
reforms.
➢ Asset Monetization Plan 2025-30: launched to plough back capital of ₹ 10 lakh crore in new projects.
➢ Urban Challenge Fund ₹ 1 lakh crore to implement the proposals for ‘Cities as Growth Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water
&Sanitation’
➢ Maritime Development Fund: with a corpus of ₹25,000 crore for long-term financing with up to 49 % contribution by the government
Source: Ministry of Finance
SUMMARY OF UNION BUDGET FY 2025-2026
➢ PM Research Fellowship To provide ten thousand fellowships for technological research in IITs and IISc.
➢ Research, Development & Innovation Allocating ₹ 20,000 crore to implement private sector driven Research, Development and Innovation
initiative
➢ Export Promotion Mission: With sectoral and ministerial targets to facilitate easy access to export credit, cross-border factoring support, and
support to MSMEs to tackle non-tariff measures in overseas markets
➢ Bharat TradeNet: A digital public infrastructure, ‘BharatTradeNet’ (BTN) for international trade will be set-up as a unified platform for trade
documentation and financing solutions. Support for integration with Global Supply Chains.
➢ Grameen Credit Score - framework to serve the credit needs of SHG members and people in rural areas
➢ FDI limit for the insurance sector: will be raised from 74 to 100 per cent.
➢ Changes in direct taxes and proposal to introduced the New Income Tax Bill
➢ Make in India - Exemption to open cell for LED/LCD TV, looms for textiles, capital goods for lithiumion battery of mobile phones and Evs
➢ Tax deduction limit: (TDS) for senior citizens doubled from ₹ 50,000 to ₹ 1 lakh..
➢ The annual limit of ₹2.40 lakh for TDS on rent increased to ₹ 6 lakh
➢ Improved access to lifesaving medicine:
➢ 36 lifesaving drugs/medicines in exempted list;
➢ 6 medicines in 5% duty list
➢ 37 medicines and 13 new patient assistance programmes in exempt list
Source: Ministry of Finance Source: Ministry of Finance
Source: Ministry of Finance Source: Ministry of Finance
27%
14%
13%
9%
7%
5%
5%
5%
4%
4%
3%
3%
Source: Ministry of Finance 100%
