Vikrant Shekhawat : Feb 01, 2025, 02:28 PM
Union Budget 2025: Finance Minister Nirmala Sitharaman presented the budget in Parliament, in which many important announcements were made for the middle class, farmers, entrepreneurs and women. Along with giving relief to the common man in the budget, special attention has been given to agriculture, industry, education and health sectors. Let us know the major announcements of this budget:Relief for the middle classNow no income tax will have to be paid on annual income up to Rs 12 lakh.15% tax will be applicable on income from 12 lakh to 16 lakh.Promotion of agriculture sector100 districts will be included under the Pradhan Mantri Dhan-Dhanya Krishi Yojana, which will benefit 1.7 crore farmers.The limit of Kisan Credit Card (KCC) has been increased to Rs 5 lakh.Pulses Self-Reliance Mission: Instructions to central agencies to ensure maximum procurement for the procurement of tur, urad and lentil pulses.National Mission for Seeds: Promote the development of climate-friendly and high-yielding seeds.Makhana production: Makhana Board to be set up in Bihar, which will benefit producers and marketing.Cotton Productivity Mission: Emphasis on increasing farmers' income and improving cotton quality.Support to industry and entrepreneurshipNew funds for startups: New government contribution of Rs 10,000 crore in addition to the existing Rs 10,000 crore.Loans for MSMEs: Small and micro enterprises will get additional loans ranging from Rs 5 crore to Rs 10 crore.Special scheme for footwear and leather sector: New scheme to promote productivity and quality.Improvement in health and education36 life saving medicines have been exempted from custom duty, which will make medicines for serious diseases like cancer cheaper.50,000 Atal Tinkering Labs will be set up in government schools, which will promote scientific thinking.BharatNet Project: All secondary schools and primary health centers in rural areas will be connected with broadband.Infrastructure for additional 6500 students will be developed in 5 IIT institutes.Employment and Social WelfareE-Shram Portal for Gig Workers: 1 crore gig workers will get identity cards and will get the benefit of PM Jan Arogya Yojana.Scheme for Urban Poor: Emphasis on UPI linked credit card facility and capacity building under PM Swanidhi Yojana.Rural Prosperity and Adaptation Program will be launched to give financial independence to women.Transport and InfrastructureGreenfield Airport will be built in Bihar.Financial assistance will be provided for Western Koshi Canal Project.Fish farming will be promoted in Andaman-Nicobar and Lakshadweep, which will boost the economy of maritime areas.Urea plant will be set up in Assam, which will make the country self-sufficient in urea production.In Budget 2025, along with giving relief to various sections of the country, major reforms have been announced in the fields of agriculture, industry, health and education. This budget can prove to be an important step towards accelerating economic growth and self-reliant India.