Union Budget 2025-26 focuses on economic growth, tax relief, and social welfare, benefiting farmers, youth, and businesses. Key reforms in agriculture, health, education, and infrastructure aim to boost India’s development.
Union Budget 2025 of Introduction
The Government of India, led by Finance Minister Nirmala Sitharaman, has presented the 2025-26, which promises to take several important steps to boost the Indian economy and improve the lives of common citizens.In this Union Budget, the government has announced many schemes for every section, especially the poor, youth and women, which will help in fulfilling their hopes and aspirations.In this Union Budget 2025, special attention has been given to agriculture, health, education, employment, and social welfare. Let us know what is special in this Union Budget 2025 and how it can be beneficial for the common man.
Union Budget 2025 of Agriculture and Farmers’ Welfare
The government has proposed many important schemes for farmers. To address underemployment in the agriculture sector, the Finance Minister has announced that 1.7 crore farmers will benefit from various schemes.Under this, a national mission will be launched which will focus on the development of high yielding seeds. Also, a 5-year program to increase cotton production will be launched. Additionally, the Kisan Credit Card limit has been increased to ₹5 lakh, which will provide more financial assistance to 7.7 crore farmers.Notable announcements have also been made in other areas in the Union Budget 2025. As such, it is proposed to make India Post a large public logistics organization to strengthen the transportation and distribution network across the country.
Union Budget 2025 of Boosting Education and Skill Development
The government aims to set up 50,000 Atal Tinkering Labs, which will promote science, technology, engineering, and mathematics education in government schools over 5 years. With this, children will be able to get a better education in technical skills and they will be prepared for the future.
Healthcare and Medical Advancements
Important steps have also been taken in the health sector. The government has announced 10,000 additional seats to boost medical education, and 75,000 new medical seats will be created in the next 5 years. This will produce more doctors and improve the quality and accessibility of health services.Along with this, 36 life saving medicines have been completely exempted from custom duty, which will reduce the prices of these medicines and make them affordable for the general public.
Tax Reforms and Middle-Class Relief, Small and Medium Enterprises (SMEs) and Startups
Many reforms have also been made in the tax system. The Finance Minister announced that no income tax will be charged on income up to ₹12 lakh. Also, income tax rates have been changed. Now, tax benefit of ₹70,000 will be available on income up to ₹18 lakh and 30% tax rate will be applicable on income up to ₹24 lakh.This change is especially a relief for the middle class, as it will reduce their tax burden. Additionally, several reforms have been announced in the new Income Tax Bill, which will further simplify the process for taxpayers.
Special announcements have also been made in the Union Budget 2025 for small and medium industries. An amount up to ₹20 crore will be given as term loan, which will help them expand their business and provide them with additional capital.Apart from this, the government has also proposed to extend the benefit of company registration for startups by five years, which will encourage new businesses.
Infrastructure and Transport,Tourism Employment and Development
Important schemes have also been implemented in the transport and aviation sectors. The government has proposed to add 120 new destinations under the NCT scheme. Apart from this, greenfield airports have been planned in Bihar, which will improve the connectivity there.Along with this, the government has announced the development of top 50 tourist destinations to promote the tourism sector. This will boost tourism across the country and create new employment opportunities.
Social Welfare and Women Empowerment
Major changes have also been made in social welfare schemes. Many relief schemes have been prepared for the poor and women. The government has taken special steps to increase employment opportunities in rural areas and implemented public welfare schemes for every section.In this, special attention has been given to the schemes for women, so that their socio-economic status can be strengthened.
Union Budget 2025 of Food Security and Agricultural Development
The Union Budget 2025 also announced a National Geospatial Mission, which aims to ensure food security in the future. Along with this, a second gene bank will be established, which will play an important role in the field of agriculture and food security.This step will help India deal with future food crises and lead to further growth in agriculture.
Fiscal Policy and Government Expenditure
Under financial inclusion, the government has proposed to reduce tax barriers for small and medium businesses. It has been proposed to decriminalize 100 provisions, which will make it easier for people to do business and avoid any kind of legal complications.Additionally, a new scheme for settlement in international transactions has been announced, which will increase trade transparency for companies.
A total expenditure of ₹47.16 lakh crore is estimated in this Union Budget 2025, which includes capital expenditure of ₹10.18 lakh crore. The government has estimated total receipts for this year at ₹31.47 lakh crore, of which ₹25.57 lakh crore is tax receipts.In this Union Budget 2025, the government has set a target of increasing the fiscal deficit to 4.8%, and reducing it to 4.4% next year. This shows that the government is committed to maintaining fiscal discipline along with economic progress.
Conclusion
Overall, Union Budget 2025-26 is going to provide a boost to the Indian economy as well as provide relief and expansion of opportunities for every section of the society.
through many schemes for the poor, youth and women, the government has indicated that this Union Budget 2025 can prove to be an important step towards fulfilling their aspirations.This Union Budget 2025 is a ray of hope especially for the middle class, farmers, small businesses and students, who are considering it as an opportunity to fulfill their expectations.
This Union Budget 2025 has taken many concrete steps towards the development of the Indian economy, which will especially bring positive changes for the common citizen, farmers, youth and small businesses.The way the Finance Minister has emphasized social welfare, infrastructure and economic inclusion makes it clear that the government’s objective is not just economic growth but overall prosperity.Through schemes like income tax reform, investment in agriculture sector, and health-education, the government has given a new direction to the expectations of the common man. Through this Union Budget, India will take stronger steps in its long-term development journey.
FAQs on Union Budget 2025-26
1. What is the main focus of the Union Budget 2025-26?
The Union Budget 2025-26 focuses on economic growth, tax relief, and social welfare. Key areas include agriculture, healthcare, education, infrastructure, and employment generation.
2. How does the budget benefit farmers?
The budget introduces schemes for 1.7 crore farmers, increases the Kisan Credit Card limit to ₹5 lakh, launches a national mission for high-yield seeds, and starts a five-year program to boost cotton production.
3. What are the major tax reforms in this budget?
- No income tax on income up to ₹12 lakh.
- Tax benefit of ₹70,000 for income up to ₹18 lakh.
- 30% tax rate applicable on income up to ₹24 lakh.
- Simplified tax process through a new Income Tax Bill.
4. How does the budget support small businesses and startups?
- ₹20 crore term loan for SMEs to expand businesses.
- Five-year extension on startup registration benefits.
- Reduction in tax barriers and decriminalization of 100 provisions to ease business operations.
5. What are the major announcements in the education sector?
- 50,000 Atal Tinkering Labs to promote STEM education.
- Focus on technical skills to prepare students for future job markets.
6. How does the budget improve healthcare?
- 10,000 additional medical seats.
- 75,000 new medical seats planned over five years.
- 36 life-saving medicines exempted from customs duty for affordability.
7. What are the infrastructure and transport initiatives?
- 120 new destinations added under the NCT scheme.
- Greenfield airports planned in Bihar.
- Development of top 50 tourist destinations to boost tourism and employment.
8. How does the budget support women and social welfare?
- Special schemes for women’s empowerment and employment generation.
- Social welfare programs focused on the poor and rural communities.
9. What steps has the government taken for food security?
- National Geospatial Mission launched to ensure future food security.
- Establishment of a second gene bank for agricultural development.
10. What is the estimated fiscal deficit for 2025-26?
The fiscal deficit is set at 4.8% for this year, with a target to reduce it to 4.4% next year.
11. What is the total expenditure and revenue estimation in this budget?
- Total expenditure: ₹47.16 lakh crore.
- Capital expenditure: ₹10.18 lakh crore.
- Total receipts: ₹31.47 lakh crore.
- Tax receipts: ₹25.57 lakh crore.
12. How does the budget impact international trade and finance?
- A new scheme for international transaction settlements to increase trade transparency.
- Financial inclusion initiatives to support businesses in global trade.
13. How will the budget impact the common man?
The budget aims to provide tax relief, better healthcare, education, and employment opportunities. It also focuses on rural development, small businesses, and infrastructure growth to improve the overall quality of life.
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