Union Budget 2025:

Union Budget 2025:

Daily Current Affairs   /   Union Budget 2025:

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Category : Business and economics Published on: February 03 2025

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  • Finance Minister Nirmala Sitharaman increased the income tax exemption to Rs 12 lakh in the budget presented on February 1, 2025, which was earlier Rs 7 lakh. After this announcement of the government, now a person earning Rs 1 lakh per month will not have to pay tax.
  • Budget Estimates 2025-26: Total expenditure set at ₹50.65 lakh crore, net tax receipts at ₹28.37 lakh crore, and fiscal deficit at 4.4% of GDP.
  • Capex Allocation: ₹11.21 lakh crore (3.1% of GDP) earmarked for capital expenditure to boost infrastructure and economic growth.
  • PM Dhan-Dhaanya Krishi Yojana: Launched in 100 districts to enhance agricultural productivity and benefit 1.7 crore farmers.
  • Aatmanirbharta in Pulses: 6-year mission focused on Tur, Urad, and Masoor, with NAFED & NCCF procuring pulses for 4 years.
  • Makhana Board in Bihar: A special Makhana Board will be established in Bihar to enhance the production, processing, and marketing of Makhana.
  • MSME Credit Card: Customized Credit Cards with ₹5 lakh limit for micro enterprises registered on the Udyam portal.
  • Fund of Funds for Startups: ₹10,000 crore allocated to support and expand the startup ecosystem.
  • First-time Entrepreneurs Scheme: 5 lakh women, SC, and ST entrepreneurs to receive term loans up to ₹2 crore in the next 5 years.
  • Toy Sector Boost: New scheme launched to make India a global hub for toy manufacturing with innovative and sustainable designs.
  • Manufacturing Mission: National Manufacturing Mission launched to further "Make in India" across small, medium, and large industries.
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