Union Budget Highlight 2025 QM

Union Budget Highlight 2024-25 (Interim Budget)
 Vision: Viksit Bharat by 2047 -Prosperous Bharat in harmony with nature, modern
infrastructure, and opportunities for all
 Government strengthened its ‘mantra’ to ‘Sabka Saath, Sabka Vikas, and Sabka Vishwas’
 Focus Area: A
– Garib Kalyan Desh Ka Kalyan
- -DBT has led to savings of ₹2.7 lakh crore
- -25 crore people moved out of Multidimensional poverty
- -Credit assistance to 78 lakh street vendors under PM-SVANidhi
- Empowering the Youth
- 1.4 crore youth trained under Skill India Mission
- Fostering entrepreneurial aspirations of Youth-43 crore loans sanctioned under PM
Mudra Yojana
- Increase in PM-SHRI Budget Allocation 4000cr FY24 BE to 6000cr FY25BE
 Focus Area: B
- Welfare of Farmers-Annadata
- Direct financial assistance to 11.8 crore farmers under PM-KISAN
- Crop Insurance to 4 crore farmers under PM Fasal Bima Yojana
- Integration 1,361 mandis under eNAM, supporting trading volume of ₹ 3 lakh crore
- Nari Shakti
- 30 crore Mudra Yojana loans disbursed to women entrepreneurs
- Increased female enrolment in higher education by 28 per cent in 10 years
- 43 per cent of female enrolment in STEM courses
- 1 crore women assisted by 83 lakh SHGs to become Lakhpati Didis
 Strategy for Amrit Kaal => 1: Sustainable Development
- Commitment to meet ‘Net Zero’ by 2070

• Phased mandatory blending of CNG, PNG and compressed biogas
• Financial assistance for procurement of biomass aggregation machinery
- Rooftop solarization-1 crore households will be enabled to obtain up to 300 units of free
electricity per month
• Adoption of e-buses for public transport network
• Strengthening e-vehicle ecosystem by supporting manufacturing and charging
- New scheme of biomanufacturing and bio-foundry to be launched to support
environment friendly alternatives
 Strategy for Amrit Kaal => 2: Infrastructure and Investment
- Implementation of 3 major railway corridor programmes under PM Gati Shakti-to improve

logistics efficiency and reduce cost
- Expansion of existing airports and comprehensive development of new airports under
UDAN scheme
 Strategy for Amrit Kaal => 3: Inclusive Development

Health- Encourage Cervical Cancer Vaccination for girls (9-14 years)
- Health cover under Ayushman Bharat scheme to be extended to all ASHA, Angawadi
workers and helpers.
 Strategy for Amrit Kaal => 4: Inclusive Development

Housing
- Pradhan Mantri Awas Yojana (Grameen) close to achieving target of 3 crore houses,
additional 2 crore targeted for next 5 years
- Housing for Middle Class scheme to be launched to promote middle class to buy/built
their own houses
Tourism
- States will be encouraged to undertake development of iconic tourist centres to attract

business and promote opportunities for local entrepreneurship
- Long-term interest free loans to be provided to States to encourage development
- Projects for port connectivity, tourism infrastructure, and amenities will be taken up in
islands, including Lakshadweep
 Strategy for Amrit Kaal => 5: Agriculture and Food Processing

- Atmanirbhar Oilseeds Abhiyaan-Strategy to be formulated to achieve atmanirbharta for
oilseeds
- Implementation of Pradhan Mantri Matsaya Sampada Yojana to be stepped up to enhance
aquaculture productivity, double exports and generate more employment opportunities
5 Integrated Aquaparks to be set up
 Taxation
- Faster refunds: Reduction in average processing time of returns from 93 days (2013-14)
to 10 days (2023-24)
- Average monthly Gross GST collections doubled to ₹1.66 lakh crore in FY24
- Increase in tax buoyancy of State revenue from 0.72 (2012-16) to 1.22 in the post-GST
period (2017-23)
 Tax Proposals
- Continuity in taxation: Certain tax benefits to Start-ups and investments made by
sovereign wealth funds/pension funds, tax exemption of some IFSC units earlier expiring
on 31.03.2024 extended up to 31.03.2025
- Withdrawal of outstanding direct tax demand:
• Up to ₹25,000 pertaining up to FY10
• Up to ₹10,000 for FY11-FY15
Expected to benefit approx. 1 crore taxpayers
- Retention of same tax rates:
• For direct and indirect taxes, including import duties
• For Corporate Taxes-22% for existing domestic companies, 15% for certain new
manufacturing companies
• No tax liability for taxpayers with income up to ₹7 lakh under the new tax regime
 Skill India Mission has trained 1.4 crore youth, upskilled and reskillled 54 lakh youth and
established 3,000 new it is
 Making Triple Talaq illegal, one third women's reservation in Lok Sabha and state assemblies,
giving over 70% houses under PM Awas Yojana in rural areas to women as sole or joint owners
have enhanced their dignity
 India U.S. Europe sponsored Middle East- europe corridor: potential gateway for world trade
for 100s of years
Budget Estimates 2024-25

 Fiscal deficit targeted at 5.1% VS 5.9% BE (5.8% RE for FY24) of GDP
 Aims to achieve fiscal deficit of 4.5% of GDP by 2025/26 Vs No change FY24 BE
 Govt targets gross borrowing at 14.13 for FY25 VS 15.43 BE lakh crore for FY24
 Net market borrowings seen at 11.75 for FY25 VS 11.8 BE lakh crore for FY24
 The total receipts other than borrowings at 30.80 BE for FY25 VS 27.2 BE for FY24 (27.56RE)
lakh crore
 Total expenditure estimated at 47.66 for FY25 VS 45 lakh crore for FY24 (44.90 RE) lakh crore
 The scheme of fifty-year interest free loan for capital expenditure to states will be continued
this year with total outlay of 1.3 lakh crore.
 The net tax receipts are estimated at 26.02 for FY25 VS 23.3 BE for FY24 (RE 23.24) lakh crore

Union Budget Highlight 2025 QM

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Union Budget Highlight 2025 QM

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Union Budget Highlight 2024-25 (Interim Budget)

 Strategy for Amrit Kaal => 1: Sustainable Development

- Commitment to meet ‘Net Zero’ by 2070

 Strategy for Amrit Kaal => 2: Infrastructure and Investment

- Implementation of 3 major railway corridor programmes under PM Gati Shakti-to improve

 Strategy for Amrit Kaal => 3: Inclusive Development

 Strategy for Amrit Kaal => 4: Inclusive Development

- States will be encouraged to undertake development of iconic tourist centres to attract

 Strategy for Amrit Kaal => 5: Agriculture and Food Processing

Budget Estimates 2024-25

 Aims to achieve fiscal deficit of 4.5% of GDP by 2025/26 Vs No change FY24 BE

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