The Union Budget 2025 is here, packed with announcements that could reshape your finances, career, and lifestyle. Here’s a quick breakdown of what it means for you:
💰 Middle-Class Relief
- No income tax up to ₹12 lakh under the new regime.
- Senior citizens get double TDS limits on interest (up to ₹1 lakh).
- Renters benefit from higher TDS thresholds (₹6 lakh vs ₹2.4 lakh earlier).
- Education loans for abroad are now TCS-free, and old NSS withdrawals are tax-free.
🏦 Banking & Finance
- FDI in insurance raised to 100%, boosting investments.
- New Grameen Credit Score helps rural borrowers access loans.
- Simplified KYC processes make banking easier.
- ₹15,000 crore SWAMIH Fund 2 to complete stalled housing projects.
🏭 MSMEs Get a Push
- Loan limits doubled for small businesses.
- ₹5 lakh credit cards for entrepreneurs.
- ₹10,000 crore Fund of Funds for startups.
- Special support for toy, leather, footwear industries, and women/SC-ST entrepreneurs.
🎓 Jobs & Skills
- 50,000 Atal Tinkering Labs to foster innovation.
- More medical/engineering seats for students.
- Gig workers get ID cards and free healthcare.
- AI Centre of Excellence and 5 Skill Centres for global job readiness.
⚡ Clean Energy Push
- Goal of 100 GW nuclear energy by 2047.
- Boost for solar, EV batteries, wind energy, and grid storage.
- States rewarded for improving power infrastructure.
🌍 Exports & Trade
- Easier loans and clearances for exporters.
- BharatTradeNet simplifies global trade.
- Enhanced air cargo and warehousing facilities for high-value exports.
🚜 Farming Focus
- PM Dhan-Dhaanya Krishi Yojana boosts farming in 100 districts.
- Mission for pulses aims at self-sufficiency.
- Support for fruit, vegetable, cotton farmers, and Bihar’s makhana growers.
🏙️ Urban & Tourism Growth
- ₹1 lakh crore Urban Challenge Fund for smart cities.
- 50 top tourist spots upgraded, with focus on Buddhist heritage.
- PM SVANidhi Scheme expanded for street vendors.
⛏️ Tech & Innovation
- New mining policy speeds up approvals.
- ₹20,000 crore Deep Tech Fund for AI and research.
- India’s second Gene Bank and National Geospatial Mission launched.
Final Takeaway
The Budget 2025 focuses on empowering individuals, boosting businesses, and driving innovation. From tax cuts to green energy, it’s a roadmap for a brighter, more inclusive future.
Source: Union Budget 2025
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