February 2025

Highlights of Union Budget 2025

1. No income tax on average yearly income of upto Rs 12 lakh. Salaried class to pay nil income tax upto ₹ 12.75 lakh per annum in new tax regime.
   
   
2. Benefitting 1.7 crore farmers, ‘Prime Minister Dhan-Dhaanya Krishi Yojana’ to cover 100 low agricultural productivity districts.
   
   
3. “Mission for Aatmanirbharta in Pulses” with a special focus on tur, urad and masoor to be launched.
   
   
4. A Makhana Board to be established to improve production, processing, value addition, and marketing of makhana.
   
   
5. Significant enhancement of credit with guarantee cover to MSMEs from ₹ 5 cr to ₹ 10 cr.
   
   
6. A national manufacturing mission covering small, medium and large industries for furthering “Make in India”.
   
   
7. 50,000 Atal tinkering labs in government schools in next 5 years.
   
   
8. Centre of Excellence in Artificial Intelligence for Education, with a total outlay of ₹ 500 crore.
   
   
9. PM SVANidhi with enhanced loans from banks, and upi linked credit cards with ₹ 30,000 limit.
   
   
10. Gig workers to get identity cards, registration on e-shram portal & healthcare under PM Jan Arogya Yojana.
    
    
11. ₹ 1 lakh crore urban challenge fund for ‘cities as growth hubs’.
    
    
12. Nuclear energy mission for R&D of small modular reactors with an outlay of ₹ 20,000 crore.
    
    
13. Modified UDAN scheme to enhance regional connectivity to 120 new destinations.
    
    
14. ₹ 20,000 crore allocated for private sector driven research development and innovation initiatives.
    
    
15. FDI limit enhanced for insurance sector from 74 to 100%.
    
    
16. TDS on rent increased from ₹ 2.4 lakh to ₹ 6 lakh.