The much-anticipated Union Budget 2025 has been unveiled, bringing a wave of reforms, incentives, and opportunities. Here’s a breakdown of the key takeaways and how they impact various sectors:
1. Focus on Sustainability and Green Growth
The government has allocated significant funds toward renewable energy, electric mobility, and green hydrogen projects. Expect tax rebates on EV purchases and incentives for startups in the climate tech space.
2. MSMEs and Startups Get a Boost
In a move to strengthen the backbone of India’s economy, the budget introduces:
- Easier access to credit for MSMEs.
- Tax holidays extended for startups.
- Grants for women-led enterprises under the “Nari Shakti Vikas” scheme.
3. Real Estate and Infrastructure
The government plans to boost affordable housing with increased subsidies under the PMAY scheme. Infrastructure gets significantly boosted with a focus on smart cities, modernizing highways, and expanding metro networks.
4. Digital India 2.0
Budget 2025 amplifies investments in AI research, blockchain technology, and cybersecurity. A new scheme encourages rural digital education to bridge the digital divide.
5. Agriculture and Rural Development
The launch of AgriTech hubs aims to revolutionize farming practices with IoT and AI. A new Gaushala Welfare Fund supports cow shelters, emphasizing sustainability and rural employment.
6. Personal Finance
- Income tax slabs were revised, giving middle-class families more disposable income.
- New savings schemes for senior citizens with higher returns.
- 7. Global Investments
Policies to attract FDI and promote exports make India a favorable destination for global businesses.