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Union Budget Highlight 2025 QM

The Union Budget highlights India's vision of a prosperous nation by 2047 in harmony with nature. Key focus areas include welfare programs for farmers, women, and youth as well as job creation. Strategies for growth include sustainable development through renewable energy, infrastructure expansion, and inclusive initiatives for housing and healthcare. The budget aims to reduce the fiscal deficit while maintaining tax rates and continuing welfare programs.

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48 views3 pages

Union Budget Highlight 2025 QM

The Union Budget highlights India's vision of a prosperous nation by 2047 in harmony with nature. Key focus areas include welfare programs for farmers, women, and youth as well as job creation. Strategies for growth include sustainable development through renewable energy, infrastructure expansion, and inclusive initiatives for housing and healthcare. The budget aims to reduce the fiscal deficit while maintaining tax rates and continuing welfare programs.

Uploaded by

investment
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We take content rights seriously. If you suspect this is your content, claim it here.
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Union Budget Highlight 2024-25 (Interim Budget)

 Vision: Viksit Bharat by 2047 -Prosperous Bharat in harmony with nature, modern
infrastructure, and opportunities for all
 Government strengthened its ‘mantra’ to ‘Sabka Saath, Sabka Vikas, and Sabka Vishwas’
 Focus Area: A
– Garib Kalyan Desh Ka Kalyan
- -DBT has led to savings of ₹2.7 lakh crore
- -25 crore people moved out of Multidimensional poverty
- -Credit assistance to 78 lakh street vendors under PM-SVANidhi
- Empowering the Youth
- 1.4 crore youth trained under Skill India Mission
- Fostering entrepreneurial aspirations of Youth-43 crore loans sanctioned under PM
Mudra Yojana
- Increase in PM-SHRI Budget Allocation 4000cr FY24 BE to 6000cr FY25BE
 Focus Area: B
- Welfare of Farmers-Annadata
- Direct financial assistance to 11.8 crore farmers under PM-KISAN
- Crop Insurance to 4 crore farmers under PM Fasal Bima Yojana
- Integration 1,361 mandis under eNAM, supporting trading volume of ₹ 3 lakh crore
- Nari Shakti
- 30 crore Mudra Yojana loans disbursed to women entrepreneurs
- Increased female enrolment in higher education by 28 per cent in 10 years
- 43 per cent of female enrolment in STEM courses
- 1 crore women assisted by 83 lakh SHGs to become Lakhpati Didis

 Strategy for Amrit Kaal => 1: Sustainable Development

- Commitment to meet ‘Net Zero’ by 2070


• Phased mandatory blending of CNG, PNG and compressed biogas
• Financial assistance for procurement of biomass aggregation machinery
- Rooftop solarization-1 crore households will be enabled to obtain up to 300 units of free
electricity per month
• Adoption of e-buses for public transport network
• Strengthening e-vehicle ecosystem by supporting manufacturing and charging
- New scheme of biomanufacturing and bio-foundry to be launched to support
environment friendly alternatives

 Strategy for Amrit Kaal => 2: Infrastructure and Investment

- Implementation of 3 major railway corridor programmes under PM Gati Shakti-to improve


logistics efficiency and reduce cost
- Expansion of existing airports and comprehensive development of new airports under
UDAN scheme

 Strategy for Amrit Kaal => 3: Inclusive Development


Health- Encourage Cervical Cancer Vaccination for girls (9-14 years)
- Health cover under Ayushman Bharat scheme to be extended to all ASHA, Angawadi
workers and helpers.

 Strategy for Amrit Kaal => 4: Inclusive Development


Housing
- Pradhan Mantri Awas Yojana (Grameen) close to achieving target of 3 crore houses,
additional 2 crore targeted for next 5 years
- Housing for Middle Class scheme to be launched to promote middle class to buy/built
their own houses

Tourism

- States will be encouraged to undertake development of iconic tourist centres to attract


business and promote opportunities for local entrepreneurship
- Long-term interest free loans to be provided to States to encourage development
- Projects for port connectivity, tourism infrastructure, and amenities will be taken up in
islands, including Lakshadweep

 Strategy for Amrit Kaal => 5: Agriculture and Food Processing


- Atmanirbhar Oilseeds Abhiyaan-Strategy to be formulated to achieve atmanirbharta for
oilseeds
- Implementation of Pradhan Mantri Matsaya Sampada Yojana to be stepped up to enhance
aquaculture productivity, double exports and generate more employment opportunities
5 Integrated Aquaparks to be set up
 Taxation
- Faster refunds: Reduction in average processing time of returns from 93 days (2013-14)
to 10 days (2023-24)
- Average monthly Gross GST collections doubled to ₹1.66 lakh crore in FY24
- Increase in tax buoyancy of State revenue from 0.72 (2012-16) to 1.22 in the post-GST
period (2017-23)
 Tax Proposals
- Continuity in taxation: Certain tax benefits to Start-ups and investments made by
sovereign wealth funds/pension funds, tax exemption of some IFSC units earlier expiring
on 31.03.2024 extended up to 31.03.2025
- Withdrawal of outstanding direct tax demand:
• Up to ₹25,000 pertaining up to FY10
• Up to ₹10,000 for FY11-FY15
Expected to benefit approx. 1 crore taxpayers
- Retention of same tax rates:
• For direct and indirect taxes, including import duties
• For Corporate Taxes-22% for existing domestic companies, 15% for certain new
manufacturing companies
• No tax liability for taxpayers with income up to ₹7 lakh under the new tax regime
 Skill India Mission has trained 1.4 crore youth, upskilled and reskillled 54 lakh youth and
established 3,000 new it is
 Making Triple Talaq illegal, one third women's reservation in Lok Sabha and state assemblies,
giving over 70% houses under PM Awas Yojana in rural areas to women as sole or joint owners
have enhanced their dignity
 India U.S. Europe sponsored Middle East- europe corridor: potential gateway for world trade
for 100s of years

Budget Estimates 2024-25


 Fiscal deficit targeted at 5.1% VS 5.9% BE (5.8% RE for FY24) of GDP

 Aims to achieve fiscal deficit of 4.5% of GDP by 2025/26 Vs No change FY24 BE

 Govt targets gross borrowing at 14.13 for FY25 VS 15.43 BE lakh crore for FY24

 Net market borrowings seen at 11.75 for FY25 VS 11.8 BE lakh crore for FY24

 The total receipts other than borrowings at 30.80 BE for FY25 VS 27.2 BE for FY24 (27.56RE)
lakh crore

 Total expenditure estimated at 47.66 for FY25 VS 45 lakh crore for FY24 (44.90 RE) lakh crore

 The scheme of fifty-year interest free loan for capital expenditure to states will be continued
this year with total outlay of 1.3 lakh crore.

 The net tax receipts are estimated at 26.02 for FY25 VS 23.3 BE for FY24 (RE 23.24) lakh crore

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