Highlights of Union Budget 2025
Key Announcements:
Dhan Dhanya Yojana 
to be launched in 100 districts... Special 6-year mission for Tur, Urad, and Masoor dal 
... Makhana Board 
to be set up in Bihar... Central agencies 
to purchase pulses for 4 years... New schemes for vegetable and fruit 
production in collaboration with states... Development of the marine sector 
... Kisan Credit Card 
limit increased to ₹5 lakh... Urea plant 
to be set up in Assam... India Post 
to be developed as a major logistics organization 
... Special credit card for small businesses... Self-reliance in edible oils 
... Special schemes for footwear 
and leather 
... India 
to become a global hub for toys 
... Special scheme for women frombackward classes 
... 22 lakh new jobs 
to be created under the Leather Scheme... Launch of the National Manufacturing Mission 
... Increased emphasis on Indian languages 
in education... More IIT institutes 
to be established... 75,000 new seats 
in the medical field in the next 5 years... Special AI 
research centers to be set up... Health insurance 
scheme for small workers... UPI-linked card for small vendors... UPI-linked credit card limit set at ₹30,000 
... Interest-free funds 
for states to boost infrastructure development... ₹1 lakh crore fund announced for urban development 
...Increased focus on nuclear energy 
by 2047...
by 2047... Special scheme for nuclear energy ... Special scheme for the ship-breaking industry 
... More cities to be connected under the ‘Udaan’ 
scheme... New airport 
to be constructed in Bihar... 40,000 housing units 
to be built under the SWAMIH scheme... 52 new tourist destinations 
to be developed in collaboration with states... New mining policy 
to be introduced... ₹20,000 crore investment in R&D 
for the private sector... All government secondary schools 
to be connected with broadband 
... New schemes to boost exports ... Buddha-related sites 
to be developed... Special scheme for preserving Indian scripts 
...New Income Tax Bill to be introduced next week...
to be introduced next week... 100% FDI limit 
in the insurance sector 
... Simplification of RE-KYC process 
... 100% FPI limit 
in the insurance sector... Custom duty removed 
on 36 life-saving medicines... Changes in custom duty on electronic goods 
... No primary duty on lead & zinc 
... Duty removed on crust leather ... New, simplified Income Tax law to be introduced... TDS rates to be made simpler 
... Major tax relief for senior citizens 
... Tax exemption limit for senior citizens increased to ₹1 lakh ... TDS exemption limit on rent 
increased to ₹6 lakh... No penalty on delayed TCSpayments...
Biggest Announcement:
No tax on income up to ₹12 lakh in new regime! 
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