All key announcements of Union Budget 2025

New Delhi: The Union Budget 2025 outlines significant reforms across six key sectors, setting the stage for the next five years. Key highlights include substantial investments in infrastructure, expanded support for MSMEs through credit guarantees and loan schemes, agricultural initiatives like the Dhan Dhanya Krishi Yojana, and a focus on digitalization and healthcare.

Major taxation changes, power sector reforms, and urban development projects are also included in this transformative budget. The budget aims for fiscal consolidation and robust economic growth.

Transformative reforms in 6 sectors

Power
Mining
Urban developments (covers water sector)
Financial sector
Regulatory reforms
Taxation

Dhan Dhanya Krishi Yojna

Kisan Credit Card limits for farmers, fishermen etc. increased from 3 lakh to 5 lakh.
6-year mission for pulses.
Agri plan to cover 100 districts with low productivity in phase 1.

MSMEs

Focus on 5.7cr MSMEs
Increase loan guarantees to micro-entrepreneurs.
Loans to startups in 27 focus sectors at 1% guarantee fees.
Term loans up to 20cr for export MSMEs
Customized credit cards for Udyam-registered MSMEs
Fund of fund for startups, another 10,000 cr. to be setup.
Credit guarantee cover will be enhanced from 2 cr to 5cr for MSME. Startups will have credit guarantee of 10cr to 20cr. Well run MSME: 20cr.
Micro enterprise will have 5lk limit of credit card.
Make India global hub for toys. Development of clusters and manufacturing of toys.
Footwear and Leather sector scheme- to generate employment to 22lk people and generate investment of 4 lakh cr. Exports over Rs 1.1 lakh cr
National Manufacturing Mission for MSME. Support clean tech manufacturing like wind turbines, batteries etc.

Miscellaneous announcements of Budget 2025

Broadband connectivity to be provided to all secondary schools.
Digital form of Indian language book – to understand subject in their language.
Additional infra in the 5 IITs started after 2014, to add 6500 more students.
10,000 additional medical seats to be added in next 5 years.
There is going to be AI in education with outlay of 500cr.
Govt. will set up of daycare centres for cancer in all districts in the next 3 years– to pose competition for private sector hospitals, though tertiary care (at bigger hospitals) will not have much impact.
PPP for infrastructure. 1.5 lakh Cr interest free loans for 50 years
Registration and ID for gig workers will be provided to make this sector more organized also insurance for them will be provided to them.
Jal Jeevan Mission to be extended till 2028 to achieve 100% coverage with separate O&M contracts under Jan Bhagidhari.
Outlay of 1.5 lakh cr for 50 year interest free loan to states that do capex/infra.
Urban challenge fund of 1lk cr to create redevelopment of cities, water sanitation.
Power sector reforms – incentivize inter-state and distribution sector reforms
Nuclear energy mission: Small modular reactors indigenous built to be used. Development of 100GW of nuclear power.
Nuclear Power: Liability clauses will be relaxed, small modular rectors R&D will be promoted.
Ship Building financial assistance policy to be revamped
Maritime development fund with INR 20,000 Cr to be setup
UDAAN regional connectivity scheme: 120 new destinations and carry 4cr additional passengers in next 10 years
Greenfield airports facilitated in Bihar.
Tourism for employment led growth. 50 destinations to be revamped in cooperation with states.
Medical tourism and heal in India will be promoted under PPP mode. Private hospitals to benefit.
Geo spatial mission: modernization of land record, urban planning.
Outlay of Rs 1.5 lakh cr towards 50-year interest free loans to states to augment infrastructure.
Affordable housing: Another 40,000 units to be completed in FY26.
GCCs in tier 2 cities, will be initiated, to provide employment and also focus to provide relevant skills to people; this will boost the investments from overseas.
Insurance FDI increased from 74 per cent to 100 per cent.
New tax bill to be introduced next week.
Fiscal consolidation – Debt to GDP to be on declining path.
Fiscal Deficit – 4.8 per cent of GDP. Fiscal Deficit for FY26 – 4.4 per cent of GDP. Borrowings to be INR 11.5 trn
FY25 Infra spend RE (revised est.) at INR 10.18 Lakh cr fall short of FY25 BE (budget est.) of INR 11.1 Lakh cr.
Adding 36 life saving drugs to the list of medicines fully exempt from basic duties.
Levy not more than 1 per cent cess surcharge. Remove 82 items for cess surcharge items.
Interactive flat panel displays will see 20 per cent customs (from 10 per cent).
Proposed to continue the exemption of BCD on raw materials, components, consumables or parts for the manufacture of ships for another 10 years.
Full exemption on Lithium Ion batteries – helps EV and battery manufacturer.
Reduce BCD from 30 per cent to 5 per cent on frozen fish feed.
Removal of TDS on remittances for educational purposes.
TDS and TCS will be rationalized at source.
Threshold amount for tax deduction will be reduced.
Senior citizen tax deduction will be increased to 1lk (from 15k).
Time limit to file income tax returns increased from 2 years to 5 years for any financial year.
TDS on rent threshold hiked to 6lk.
No tax till INR 12 lakh income.

The Union Budget 2025 outlines significant reforms across six key sectors, setting the stage for the next five years. The budget aims for fiscal consolidation and robust economic growth. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today