Union Budget 2025 Update: Union Finance Minister Nirmala Sitharaman has present the budget 2025 in parliament on February 1. During this she made many big announcement, along with this the question also arises that what did women, farmers and laborers get from this budget?
Nirmala Sitharaman made several announcements for three sections. While presenting the budget Union Finance Minister Nirmala Sitharaman has given a big gift to the farmers. In this the limit of Kisan Credit Card has been increased.
Several announcement have been made for street vendors and urban workers. Along with this many announcement have also been made for women in the Union Budget 2025. Let us know what women, farmers and laborers got in the Union Budget 2025.
Union Budget 2025 Update
Finance Minister Nirmala Sitharaman presented the first full budget of Modi 3.0 budget was presented in the parliament for the eighth consecutive time. Big gift for the middle class in the budget, no tax on Rs 12 lakhs rupees. 30 lakhs tax only after earning Rs 24 lakhs.
Finance Minister Nirmala Sitharaman said that the government will arrange funds for startups with a contribution of Rs 100 crore. For the first time, the government will provide funds to 5 lakhs women will provide loan of 2 crores to SC and ST entrepreneurs.
Woman will get loan on easy terms without guarantee so that they can start their small and medium scale business. Under this scheme of the government, women will get loan up-to Rs 2 crore for 5 years. Woman will be also given Digital training, Marketing support, and facility to connect with government scheme to expand their enterprise.
The limit of Kisan Credit Card for farmers has been increased from Rs 3 lakh to 5 lakh in the budget. A plant will be set-up Makhana Board in Bihar, national food technology entrepreneurship and management institute will be opened in Bihar.
In the budget, workers working for the online platform for laborers will be given identity card to register on E-Shram portal. PM Jan Health facilities will be provided under Arogya Yojana nearly 1 crore workers will benefit from this.
The scheme from upliftment of urban workers will be implemented to increase the income of urban poor and deprived group for livelihood and for better living.
See some big things announcement of the budget
Let’s talk about the Union Budget 2025, where the new regime Tax lab was announced, 20% tax on earnings from Rs 16 to 20 lakhs, 25% tax on earnings from Rs 20 to 24 lakhs, and 30% tax on earnings above Rs 24 lakhs was paid.
The age for filling Income Tax has been increased in the budget from 2 years to 4 years, you can file updated income income tax for up-to 4 years, there is focus on expanding.
Jal Jeevan Mission will be extended till 2028, drinking water will be provided to every household sanitation will be promoted sewerage.
One lakh incomplete house will be completed 40,000 new houses will be handed over in 2025. Government emphasis on agriculture investment, Agriculture scheme will be implemented to increase the yield, irrigation will be increase.
Dhan Dhanya scheme form framers announced in budget session, Kisan Credit Card limit increased to Rs 5 lakhs, one crore farmers will benefit.
Emphasis on increasing the production of pulses in the Budget, emphasis on production of tur, urad, lentil. Government emphasis on increasing fish production.
Announcement of new mission for cotton this year government, support to Makhana farmers Makhana board to be formed in Bihar.
New scheme for women, Export MSME loan up-to 20 crore. For SC ST MSME special loan scheme for women entrepreneurs, first time women entrepreneurs will get a term loan of Rs 2 crore.
Big announcement for senior citizens in the budget TDS limit for senior citizens increased from 50,000 to 1 lakh.
Special initiative taken for toy sector national set-up to be created for toy manufacturing. A limit increased for insurance sector FDI in insurance increased from 75% to 100% companies will benefit from this.
Government announcement on income tax, new income tax bill will be come in parliament next week, Government will introduce income tax bill.
Loan for startup will be increased from 10 crore to 20 crores, guarantee fee will reduce. 10,000 seats in medical cancer hospital will be built in every district, cancer center will be built in district hospitals.
What big announcements were made for farmers?
Maharashtra Finance Minister Nirmala Sitharaman presented the first full budget of the India 3.0 government. Many big announcement ranging from MSME to women were made in the budget. Sitharaman also mentioned Bihar in her speech.
She said that the Makhana board in Bihar will be formed. Let’s take a look at what other announcement the finance minister has made related to agriculture. Another new scheme has been launched for farming, the name of the scheme is PM Dhan Dhanya Yojana.
This scheme will be implemented in collaboration with the states. 100 district covered in this phase. 1.7 crore farmers will get direct benefit from this scheme. Its aim is to bring prosperity in rural India. It is to strengthen the financial condition of farmers and promote investment in agriculture sector.
What became cheaper, whose prices increased?
Which items have become expensive, for this you can look directly at your screen, LCD LED TV will now be cheaper than before. While mobile phones they can also become cheaper, their price can also be reduce. Apart from this lithium ion batteries will also become cheaper.
Apart from this EV vehicle whether it is two wheeler or four wheeler, both types vehicles will be cheaper. Apart from this some cancer medicines will also become cheaper, and also 36 more life saving medicines will also become cheaper.
While the import duty on leather goods has been reduce, after which leather goods will also become cheaper. While the goods made in India cloths will also become cheaper.
Union Budget 2025 – Income Tax exemption
| Income | Tax (Before) | Tax (Now) | Benefit |
| 10 Lakh | 50 Thousand | 0 | 50,000 |
| 12 Lakh | 71,500 | 0 | 71,500 |
| 13 Lakh | 88,400 | 66,300 | 22,100 |
| 15 Lakh | 1,30,000 | 97,500 | 32,500 |
| 17 Lakh | 1,84,600 | 1,30,000 | 54,600 |
| 22 Lakh | 3,40,000 | 2,40,000 | 1,00,100 |
| 25 Lakh | 4,34,200 | 3,19,800 | 1,14,400 |
Conclusion
Through today’s article, we have tried to share with you all the important information related to Union Budget 2025, so that you get accurate information about Union Budget 2025 and also know about those new budget which is presented by Nirmala Sitharaman.
Our aim is to provide accurate information to the readers with complete truth through our website. We hope that all of you have got all the important information through today’s article.
Visit our news website newskaghar24.com now to get all the news related to Latest news, Upcoming cars, Education and Jobs from across the country first and only in English language.
Good to hear that tax is getting reduced by that woman…