Finance Minister Nirmala Sitharaman presented the first full budget of Modi Government 3.0, marking her eighth consecutive budget in the Lok Sabha. The budget focuses on economic reforms across six key domains while prioritizing the poor, youth, farmers, and women.
Key Announcements from Union Budget 2025
1. Jal Jeevan Mission Extended Until 2028
- Increased funding to ensure clean drinking water supply.
2. Tax Relief for Middle Class
- No income tax payable for incomes up to ₹12 lakh.
3. Healthcare & Pharma
- 36 life-saving drugs (including cancer & chronic illness medicines) fully exempt from basic customs duty.
- 10,000 additional medical college seats in 2025, with 75,000 seats to be added over five years.
4. Support for Micro Enterprises
- Customised credit cards with a ₹5 lakh limit for registered MSMEs.
5. Digital & Education Infrastructure
- Broadband connectivity for all government secondary schools and primary healthcare centres.
6. Nuclear Energy Mission
- Focus on advancing clean energy and nuclear power development.
7. Agriculture & Food Processing
- Establishment of the National Institute of Food Technology, Entrepreneurship, and Management in Bihar.
8. Support for Gig Workers
- ID cards for gig workers to facilitate access to government benefits.
