Apart from increasing the income tax limit to Rs 12 lakh, what else is in the budget, understand in 10 points
New Delhi:
Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament on Saturday. In this, the government has projected to get revenue of Rs 34.96 lakh crore in addition to loans. At the same time, the expenditure has been estimated to be Rs 50.65 lakh crore. The government has estimated to get Rs 28.37 lakh crore as a tax. In this budget, fiscal deficit GDP is expected to be 4.4 percent. In the budget, the Finance Minister has announced to increase the income tax limit to Rs 12 lakh. PM Dhan Dhanya Yojana will be started in 100 districts of the country. Let us understand in 10 points what are the main things of the budget.
- The government has announced to launch PM Dhan Dhanya Krishi Yojana. In this scheme, the central and state governments will be partners. The scheme will include 100 districts of the country with low productivity, low yield and average loan criteria. This program is expected to help 1.7 crore farmers. The government has talked about achieving self -sufficiency in pulses. The government will pay special attention to the Tur Tur (Arhar), Urad and Masoor. The government will also start pulses self -reliance mission. Makhana Board will be established in. The loan limit on Kisan Credit Card has been increased from three lakh to five lakhs.
- The government has increased the investment and business limit for classification of MSME to 2.5 and 2 times respectively. For micro enterprises registered on the enterprise portal, 10 lakh customized credit cards with a limit of up to Rs 5 lakh in the first year will be issued. Five lakh women women will be up to two crore rupees in the next five years for the first five years for the first five years for Scheduled Castes and Scheduled Tribes. The term loan will be provided. Focus product scheme has been announced by the government to provide employment to 22 lakh persons, to provide employment to 22 lakh persons to increase productivity, quality and competition in footwear and leather industry. The government has announced to launch a plan to create high quality unique new and environmentally friendly toys by creating a global toy center. The national Construction mission will be established.
- In the next five years, 50 thousand Atal tinkering laboratories will be set up in government schools. Under India Net Project, government secondary schools and primary health centers (PHCs) will be connected to broadband. Indian Language Book Scheme will be started to provide digital books in Indian languages for school and higher education.
- 5 National Skill Excellence Centers will be established with global expertise and participation to equip the youth with necessary skills for ‘Make for India Make for the World’. To make education easier for six and a half thousand students, more better facilities will be made in five IITs launched after 2014. The government will spend Rs 500 crore and will open an excellent center related to Artificial Intelligence in Education.
- In the next five years in the country’s medical colleges and hospitals, 75 thousand more seats will be increased towards the target of increasing seats and 10 thousand additional seats next year. Apart from this, in the next three years, a day-care cancer center will open in all the district hospitals of the country. 200 such centers will be opened in FY 2025-26.
- A Jonah has been announced for their socio-economic uplift to increase the income of street vendors and to help in getting permanent livelihood. In PM, UPI Linked Credit Cards and Capacity Development Assistance with loans of Rs 30,000 from banks in self-representation It will be renewed. For the welfare of the gigal workers, the government will provide social security scheme through online platforms. Identity card for Gig workers and registration of registration on e -ram portal and their health care will be done in PM Jan Arogya Yojana.
- The Water Life Mission has been extended till 2028 with increased budget allocation. The government has announced the establishment of an urban challenge fund of one lakh crore rupees in the budget. In the financial year 2025-26, an allocation of Rs 10 thousand crore will be made. This will create creative redevelopment, water and hygiene efforts of cities.
- The government has announced to set up a nuclear power mission for research and development of small modular reactors (SMR) with an allocation of Rs 20 thousand crore. There is a plan to operate five SMRs developed indigenously by the year 2033. The government will give a new look to the ship -making financial assistance policy. The government’s contribution in this will be 49 percent. The money of the rest of the ports and the private sector will have to be paid themselves.
- In the next 10 years, the government has announced a revised flight scheme to increase regional connectivity to bring 120 new destinations and 4 crore passengers. Helipad and small airports in districts of emergency and north-east region also have been announced by the government. Support will be given. The government has announced the Green Field Airport in Bihar in addition to the expansion of the capacity of Green Patna Airport in Bihar and Brownfield Airport in Bihta.
- There will be no income tax on income up to Rs 12 lakh in the new tax regimen. This limit for salaried tax payers will be Rs 12.75 lakh due to a standard deduction of Rs 75 thousand. The government will also introduce a new Income Tax Bill. Increasing the income tax limit will cause a loss of Rs 1 lakh crore to the government. The government has increased the limit of cut on interest for senior citizens from Rs 50,000 to Rs 1 lakh.
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