Detailed breakdown of the Key Highlights of Budget 2025-26, including its impact on different Sectors:

1. Economic Growth & Development

• The budget focuses on Viksit Bharat, aiming for rapid development with an emphasis on inclusivity.

• Main objectives: Enhancing the spending power of the middle class. Encouraging private sector investments to boost economic activity. Improving household sentiment by increasing disposable income. Strengthening financial inclusion and access to credit for businesses.

2. Agriculture & Rural Development

Key Schemes & Reforms:

• Prime Minister Dhan-Dhaanya Krishi Yojana: Developing 100 Agri districts. Benefits 1.7 crore farmers through enhanced agricultural productivity.
• National Mission on High Yielding Seeds: Focus on climate resilience, pest resistance, and high-yield seeds.
• Cotton Productivity Mission: A 5-year initiative to improve cotton farming productivity and sustainability.
• Aatmanirbharta in Pulses: A 6-year program emphasizing: Climate-resilient seeds Higher protein content Post-harvest management
• Expansion of Kisan Credit Card (KCC): ?5 lakh credit limit extended to 7.7 crore farmers, dairy farmers, and fishermen.
• India Post as a Rural Economic Catalyst: Facilitating banking, credit, EMI collection, and digital services in rural areas.

3. MSME & Business Support

Revised MSME Classification:

Key MSME Initiatives:

• Micro Enterprise Credit Cards: ?5 lakh credit limit for Udyam-registered businesses. 10 lakh cards to be issued in the first year.
• Startup & First-Time Entrepreneur Scheme: ?2 crore loans for 5 lakh new entrepreneurs, with special focus on women, SC, and ST entrepreneurs.
• Labour-Intensive Sector Boost: Footwear & Leather: Employment for 22 lakh people; turnover target of ?4 lakh crore. Toy Sector: Clusters & skills development for ‘Made in India’ toy manufacturing. Food Processing Industry: National Institute of Food Technology in Bihar. Income boost for farmers and youth employment.

4. Education & Human Resource Development

Education & Skilling

• Atal Tinkering Labs: 50,000 labs in government schools for STEM education.
• Bharatiya Bhasha Pustak Scheme: Digital books in Indian languages for school & higher education.
• IITs Expansion & AI Centre: ?500 crore investment in AI education & research.
• Medical Education Expansion: 10,000 new MBBS seats, aiming for 75,000 additional seats in 5 years. Day Care Cancer Centres in all district hospitals.
• PM SVANidhi Scheme Revamp: UPI-linked credit cards & higher loans for street vendors.

5. Infrastructure & Urban Development

• ?1 lakh crore Urban Challenge Fund: Supporting smart city development and urban infrastructure growth.
• Jal Jeevan Mission Extended to 2028: Ensuring 100% clean water coverage for all rural households.
• ?10 lakh crore Asset Monetization Plan (2025-30): Recycling capital into new projects.
• ?1.5 lakh crore Interest-Free Loans to States: Encouraging capital investment & infrastructure development.
• SWAMIH Fund-2: ?15,000 crore allocated to complete 1 lakh housing units.
• UDAN Scheme: Expanding regional air connectivity to 120 new destinations. Goal: 4 crore passengers in 10 years.

6. Financial & Tax Reforms

Direct Tax Proposals (Income Tax Reforms)

• Senior Citizens’ Tax Deduction: Doubled from ?50,000 to ?1 lakh.
• TDS Exemption Limit on Rent: Increased from ?2.4 lakh to ?6 lakh.
• Updated ITR Filing Window: Extended from 2 years to 4 years.

Indirect Tax Reforms

• Simplified customs tariff structure.
• Make in India Incentives: Duty-free imports for EV batteries, LED/LCD panels, and textiles. Exemptions for ship-building, railway repairs, and high-tech manufacturing.

7. Investment & Export Promotion

• ?20,000 crore Research & Innovation Fund.
• BharatTradeNet: A digital trade platform for export financing & documentation.
• Maritime Development Fund: ?25,000 crore corpus to finance port & shipping industry.

8. Energy & Green Initiatives

• Nuclear Energy Mission: Private sector participation enabled through Atomic Energy Act amendments.
• Power Sector Reforms: States granted additional borrowing of 0.5% of GSDP if they meet power sector targets.

9. Welfare & Social Security

• E-Shram Portal for Gig Workers: Linking online workers to PM Jan Arogya Yojana (health insurance).
• Higher Financial Assistance for Home-Stay Tourism: MUDRA loans for homestay businesses.
• Tourism & Employment Growth: Performance-linked incentives for states developing top 50 tourist destinations.

10. Budget Deficit & Financial Stability

• Fiscal Deficit Target for 2025-26: Lowered to encourage financial discipline.
• Revenue Growth from GST & Corporate Taxes: More funds allocated to state & central development projects.
• Non-Debt Revenue Increase: Better capital receipts & asset monetization to reduce borrowing dependence.

Conclusion: What This Budget Means for You?

• Middle-Class Benefits: Tax cuts, increased spending power, and easier loan access.
• Farmers & Rural Economy: Higher credit limits & investment in agricultural reforms.
• Business & Startups: Easier funding, MSME growth, and incentives for new ventures.
• Infrastructure Boost: More housing, urban development, and smart city expansion.
• Technology & Innovation: AI, IIT expansion, and global trade facilitation.

This budget lays the foundation for long-term economic growth while offering relief & opportunities for all sections of society.

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