Central Finance Minister Nirmala Sitharaman has said that the 2025-2026 Budget has been prepared based on 10 key sources.
The Budget Session of Parliament began yesterday with the address of President Draupadi Murmu. In this, Finance Minister Nirmala Sitharaman presented the Economic Survey.
In this context, Finance Minister Nirmala Sitharaman presented the Central Budget for the 8th consecutive time in the Lok Sabha at 11 am today.
Speaking at the time,
Nirmala Sitharaman said that this budget has been prepared based on 10 key sources.
India is committed to encouraging the youth through the Bharatiya Bhasha Pustak scheme and to produce for India, Made for the World.
The short-term loan provided through Kisan Credit Cards to more than 7.7 crore farmers and fishermen under the modified interest rate scheme is being increased from Rs 3 lakh to Rs 5 lakh.
The micro, small and medium enterprises sector is the second largest growth engine. Special concessions are being given to micro-enterprises registered on the Udyog platform through credit cards.
The short-term loan provided through Kisan Credit Cards to more than 7.7 crore farmers and fishermen under the modified interest rate scheme is being increased from Rs 3 lakh to Rs 5 lakh.
He said that ensuring long-term and short-term credit, development of irrigation, promotion of use of agricultural produce through Panchayats will encourage more than 1.7 crore farmers.
Investment is the 3rd largest growth engine of the country. Investing in people and investing in innovation is the government’s objective. The government is committed to increasing nuclear power generation to 100 gigawatts by 2047.
A special program will be created to make India a global center for toy manufacturing through the National Toy Action Plan.
He said that India is the 2nd largest fish production center in the world.
At a cost of Rs 500 crore, 10,000 additional admissions will be created for medical colleges and medical courses. An Artificial Intelligence Center for Education will be created.
The revised estimates of the fiscal deficit are 4.8 percent of the domestic product.
36 life-saving drugs will be completely exempted from basic customs duty. It will benefit people suffering from cancer, rare diseases and chronic diseases, he said.
Special banking procedures will be implemented through self-help groups and public sector banks to promote banking among rural people. The revised estimates of the fiscal deficit are 4.8 percent of the domestic product.
Foreign direct investment in the insurance sector is to be increased by 100 percent. Investment friendliness index for states will be developed by 2025 and steps will be taken to improve competitiveness and cooperation among states.
He said that income tax exemption of up to Rs 12.75 lakh will be provided to salaried individuals on their individual income.
He said that broadband internet facility will be ensured in rural primary health centers and middle schools through Bharat Net scheme.
A social security scheme will be created for gig workers. A special identity card will be issued, registered on the e-Shram platform and facilities will be provided for benefiting from PM Jan Arogya scheme.
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