The Union Budget 2025-26, presented by the Finance Minister Smt. Nirmala Sitharaman, outlines India's strategic roadmap for economic growth, focusing on agriculture, MSMEs, investments, exports, and reforms. Here's a concise breakdown of the budget's significant highlights:
1. Fiscal Overview
Total Receipts (excluding borrowings): ₹34.96 lakh crore
Total Expenditure: ₹50.65 lakh crore
Net Tax Receipts: ₹28.37 lakh crore
Fiscal Deficit: 4.4% of GDP
Capital Expenditure: ₹11.21 lakh crore (3.1% of GDP)
2. Agriculture and Rural Development
Prime Minister Dhan-Dhaanya Krishi Yojana: Targets 100 low-productivity districts to benefit 1.7 crore farmers.
Mission for Aatmanirbharta in Pulses: Focus on Tur, Urad, and Masoor with NAFED and NCCF procurement support.
Makhana Board in Bihar: Enhancing production, value addition, and marketing.
Enhanced Credit: Kisan Credit Card (KCC) loan limit increased from ₹3 lakh to ₹5 lakh.
3. MSME Growth Initiatives
Revised Classification Criteria: Enhanced investment and turnover limits.
Credit Cards for Micro Enterprises: Customized cards with a ₹5 lakh limit.
Support for Startups: New Fund of Funds with ₹10,000 crore allocation.
4. Investments and Infrastructure
Public-Private Partnerships: A 3-year project pipeline in PPP mode.
Urban Development: ₹1 lakh crore Urban Challenge Fund.
Jal Jeevan Mission Extension: Until 2028 with increased outlay.
Nuclear Energy Mission: Focus on Small Modular Reactors with ₹20,000 crore.
5. Education and Skill Development
50,000 Atal Tinkering Labs: In government schools.
Expansion of IITs: Additional infrastructure for 6,500 students.
AI Centre of Excellence: With a ₹500 crore outlay for education.
6. Tax Reforms
No Income Tax up to ₹12 Lakh: New tax regime with simplified slabs.
Standard Deduction: ₹75,000 for salaried taxpayers.
Rationalization of TDS/TCS: Simplified rates and thresholds.
7. Export Promotion and Trade
BharatTradeNet: A unified platform for international trade.
Support for Key Sectors: Leather, marine products, and handicrafts with reduced duties.
8. Social Welfare Initiatives
PM SVANidhi Revamp: Enhanced loans and UPI-linked credit cards.
Social Security for Gig Workers: Identity cards, health coverage, and registration under e-Shram.
Sectors Likely to Attract More Investors
The Union Budget 2025-26 has set the stage for significant investor interest in various sectors due to strategic reforms and financial incentives:
Renewable Energy: The focus on the Nuclear Energy Mission and sustainable energy projects, including Small Modular Reactors, positions this sector as a major attraction for both domestic and foreign investors.
Infrastructure: With a strong emphasis on public-private partnerships and an expanded Urban Challenge Fund, infrastructure development projects will likely see increased investment.
Agriculture and Agri-Tech: Enhanced credit facilities, the introduction of the Prime Minister Dhan-Dhaanya Krishi Yojana, and support for agri-tech innovations create robust growth opportunities.
Technology and Startups: The allocation for AI Centres of Excellence and increased funding for startups will boost the technology ecosystem.
Healthcare: Investments in expanding medical education and setting up Day Care Cancer Centres highlight growth prospects in the healthcare sector.
Manufacturing: Initiatives under "Make in India," including support for MSMEs and the focus on domestic production, will encourage manufacturing sector investments.
Conclusion
The Union Budget 2025-26 focuses on sustainable development, technological innovation, and inclusive growth. With strategic investments in agriculture, MSMEs, education, and infrastructure, it aims to propel India towards a resilient and self-reliant future.
Stay updated on India's economic progress with these budget insights!
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