Finance Minister Nirmala Sitharaman has unveiled the much-awaited Budget 2025, bringing major reforms in taxation, infrastructure, employment, and sustainability. Here’s a quick look at the major announcements that impact YOU!
Taxation Reforms – More Savings for You!
No Income Tax for income up to ₹12 lakh under the new tax regime.
TDS on Rent threshold increased to ₹6 lakh (from ₹2.4 lakh).
Two self-occupied properties can now be valued at Nil for tax purposes.
TCS on education loans up to ₹10 lakh removed for loans from specified institutions.
Updated return filing window extended from 2 years to 4 years.
A new Income Tax Bill is on the way for ease of compliance.
Infrastructure & Economy – Big Investments for Growth
Capital expenditure (Capex) rises to ₹11.21 lakh crore.
₹1 lakh crore Urban Challenge Fund to promote smart cities.
UDAN 2.0 – 120 new regional flight routes planned.
100GW nuclear energy target by 2047 for energy security.
Agriculture & Rural Development
Pradhan Mantri Gram Sadak Yojna (PMGSY)
Budget Allocation: ₹19,000 crore (a 58% jump from last year’s ₹12,000 crore).
This scheme ensures better road connectivity in rural areas, promoting accessibility to markets, schools, and healthcare facilities.
Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Budget Allocation: ₹19,005 crore (26% higher than last year’s ₹15,047 crore).
This program supports women-led self-help groups (SHGs), providing them with training, credit access, and employment opportunities to promote financial independence.
Pradhan Mantri Awas Yojana-Gramin (PMAY-G)
Budget Allocation: ₹54,832 crore (similar to last year’s ₹54,500 crore).
The scheme aims to provide pucca houses to rural families, ensuring affordable and quality housing for millions.
Employment & Entrepreneurship
22 lakh new jobs to be created under a new employment scheme.
MSME credit guarantee cover raised to ₹10 crore.
Deeptech Fund to fuel startup innovation.
FDI in insurance increased to 100% for sectoral growth.
Healthcare & Education – A Better Future for All
10,000 new medical seats this year; 75,000 targeted in 5 years.
200 cancer centers to be set up.
50,000 Atal Tinkering Labs in government schools.
High-speed broadband for all secondary schools.
Women & Youth Empowerment
Special loan scheme for SC/ST women with a 5-year term.
Five National Centres of Excellence for youth skilling.
Saksham Anganwadi & Poshan 2.0 to support 8 crore children & 1 crore mothers.
Tourism & Culture
Homestays to get Mudra loans for growth.
Medical tourism to be actively promoted.
Top 50 tourist destinations to get government support for development.
Green Energy & Sustainability
Incentives for renewable energy projects. Major boost for solar PV cells, electrolysers, and grid-scale batteries.
This budget is expected to benefit sectors like infrastructure development, MSMEs , consumption, manufacturing, and energy. With a focus on growth, employment, sustainability, and financial ease, Budget 2025 aims to drive India toward a #ViksitBharat!
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