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Union Budget 2025-26: Key Highlights and Economic Reforms

Union Budget 2025-26: Key Highlights and Economic Reforms
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Union Budget 2025-26: Key Highlights and Economic Reforms

AspectDetails
Total Receipts (excluding borrowings)₹ 34.96 lakh crore
Total Expenditure₹ 50.65 lakh crore
Net Tax Receipts₹ 28.37 lakh crore
Fiscal Deficit4.4% of GDP
Gross Market Borrowings₹ 14.82 lakh crore
Capex Expenditure₹ 11.21 lakh crore (3.1% of GDP)
Agriculture- PM Dhan-Dhaanya Krishi Yojana: Covers 100 districts, 1.7 crore farmers.
- Mission for Aatmanirbharta in Pulses: 6-year mission focusing on Tur, Urad, and Masoor.
- Makhana Board in Bihar: Established for production and marketing of makhana.
- National Mission on High-Yielding Seeds: Aims for 100 seed varieties.
MSMEs- Revision in MSME classification: Enhanced investment and turnover limits.
- Credit Cards for Micro Enterprises: ₹ 5 lakh limit, 10 lakh cards in the first year.
- Fund of Funds for Startups: ₹ 10,000 crore.
- Scheme for First-time Entrepreneurs: ₹ 2 crore term-loans for 5 lakh beneficiaries.
Investing in People- Saksham Anganwadi and Poshan 2.0: Enhanced nutritional support.
- 50,000 Atal Tinkering Labs in government schools in 5 years.
- Broadband Connectivity: To all government secondary schools and PHCs.
- Expansion of medical education: 10,000 additional seats, 75,000 in 5 years.
Investing in the Economy- Public Private Partnership in Infrastructure: 3-year pipeline of projects.
- Asset Monetization Plan 2025-30: ₹ 10 lakh crore capital reinvestment.
- Nuclear Energy Mission: ₹20,000 crore for Small Modular Reactors (SMRs).
- Maritime Development Fund: ₹ 25,000 crore corpus.
Investing in Innovation- Research, Development and Innovation: ₹20,000 crore allocated.
- PM Research Fellowship: 10,000 fellowships in IITs and IISc.
- National Geospatial Mission: Foundational geospatial infrastructure development.
Exports- Export Promotion Mission: Sectoral and ministerial targets.
- BharatTradeNet: Unified platform for trade documentation and financing.
Direct Tax- No tax on income up to ₹ 12 lakh (₹ 12.75 lakh for salaried).
- Revised tax rate structure: Progressive rates from 0% to 30%.
- Revenue forgone: ₹ 1 lakh crore.
Indirect Tax- Customs Tariff Rationalization: Seven tariff rates removed.
- Revenue forgone: ₹ 2,600 crore.
- Relief on import of drugs/medicines: 36 lifesaving drugs fully exempted.

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