Missed The Union Budget? Read The Full Speech By Nirmala Sitharaman HERE

Focusing the budget on four engines of development, the finance minister named agriculture, MSMEs, investments, and exports as the pillars for the economy.

Sitharaman said that with Budget 2025, the government intends to begin transformative reforms across six domains, namely, taxation, power sector, urban development, mining, financial sector, and regulatory reforms.

Source : Sansad TV

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in the Parliament on Saturday. The minister talked about the resilience of the Indian economy in the face of global headwinds. 

While the economic outlook at the international level remained muted, Sitharaman said the government is working towards achieving the vision of Viksit Bharat. Focusing the budget on four engines of development, the finance minister named agriculture, MSMEs, investments, and exports as the pillars for the economy.

Sitharaman said that the proposed development measures in Budget 2025 span ten broad areas focusing on ‘Gareeb, Youth, Annadata, and Nari’ (Poor, Youth, Farmers, and Women). She added that the recommendations in the document are focused on

• Spurring Agricultural Growth
• Building Rural Prosperity and Resilience 
• Taking Everyone Together on an Inclusive Growth path
• Boosting Manufacturing and Furthering Make in India
• Supporting MSMEs
• Enabling Employment-led Development
• Investing in people, economy and innovation
• Securing Energy Supplies
• Promoting Exports
• Nurturing Innovation

Sitharaman said that with Budget 2025, the government intends to begin transformative reforms across six domains, namely, taxation, power sector, urban development, mining, financial sector, and regulatory reforms.

The minister announced the Prime Minister Dhan-Dhaanya Krishi Yojana, covering 100 districts with low productivity, moderate crop intensity and below-average credit parameters. The scheme is intended to help 1.7 crore farmers. The Budget also introduced changes in direct and indirect taxes. 

Additionally, the finance minister announced the establishment of the Makhana Board in Bihar and enhanced the credit limit via KCCs to Rs 5 lakh. 

The Budget also revised the classification criteria for MSMEs and increased the investment limit for Micro Enterprises to Rs 2.5 crore, for Small Enterprises to Rs 25 crore, and for Medium Enterprises to Rs 125 crore. At the same time, the turnover limit for Micro, Small, and Medium Enterprises now stands at Rs 10 crore, Rs 100 crore, and Rs 500 crore respectively.

Read the entire Budget speech By Finance Minister Nirmala Sitharaman