Union Budget 2025-26

Agriculture as the 1ST engine of development

Prime Minister Dhan-Dhaanya Krishi Yojana – Developing Agri Districts Programme

The programme to be launched in partnership with the states, covering 100 districts with low productivity, moderate crop intensity and below-average credit parameters, to benefit 1.7 crore farmers.


Building Rural Prosperity and Resilience

A comprehensive multi-sectoral programme to be launched in partnership with states to address under-employment in agriculture through skilling, investment, technology, and invigorating the rural economy.
Phase-1 to cover 100 developing agri-districts.


Aatmanirbharta in Pulses

Government to launch a 6-year “Mission for Aatmanirbharta in Pulses” with focus on Tur, Urad and Masoor.
NAFED and NCCF to procure these pulses from farmers during the next 4 years.
Comprehensive Programme for Vegetables & Fruits

A comprehensive programme to promote production, efficient supplies, processing, and remunerative prices for farmers to be launched in partnership with states.


Makhana Board in Bihar

A Makhana Board to be established to improve production, processing, value addition, and marketing of makhana.

National Mission on High Yielding Seeds

A National Mission on High Yielding Seeds to be launched aiming at strengthening the research ecosystem, targeted development and propagation of seeds with high yield, and commercial availability of more than 100 seed varieties.


Fisheries

Government to bring a framework for sustainable harnessing of fisheries from Indian Exclusive Economic Zone and High Seas, with a special focus on the Andaman & Nicobar and Lakshadweep Islands.
Mission for Cotton Productivity

A 5-year mission announced to facilitate significant improvements in productivity and sustainability of cotton farming, and promote extra-long staple cotton varieties.
Enhanced Credit through KCC

The loan limit under the Modified Interest Subvention Scheme to be enhanced from ₹ 3 lakh to ₹ 5 lakh for loans taken through the KCC.
Urea Plant in Assam

A plant with annual capacity of 12.7 lakh metric tons to be set up at Namrup, Assam.


MSMEs, the second engine fo development

Revision in classification criteria for MSMEs

The investment and turnover limits for classification of all MSMEs to be enhanced to 2.5 and 2 times respectively.
Credit Cards for Micro Enterprises

Customized Credit Cards with ₹ 5 lakh limit for micro enterprises registered on Udyam portal, 10 lakh cards to be issued in the first year.


Fund of Funds for Startups

A new Fund of Funds, with expanded scope and a fresh contribution of ₹ 10,000 crore to be set up.


Scheme for First-time Entrepreneurs

A new scheme for 5 lakh women, Scheduled Castes and Scheduled Tribes first-time entrepreneurs to provide term-loans upto ₹ 2 crore in the next 5 years announced.


Focus Product Scheme for Footwear & Leather Sectors

To enhance the productivity, quality and competitiveness of India’s footwear and leather sector, a focus product scheme announced to facilitate employment for 22 lakh persons, generate turnover of ₹ 4 lakh crore and exports of over ₹ 1.1 lakh crore.


Measures for the Toy Sector

A scheme to create high-quality, unique, innovative, and sustainable toys, making India a global hub for toys announced.


Support for Food Processing

A National Institute of Food Technology, Entrepreneurship and Management to be set up in Bihar.
Manufacturing Mission – Furthering “Make in India”

A National Manufacturing Mission covering small, medium and large industries for furthering “Make in India” announced.

Investment Reforms

Investing in People
Saksham Anganwadi and Poshan 2.0

The cost norms for the nutritional support to be enhanced appropriately.


Atal Tinkering Labs

50,000 Atal Tinkering Labs to be set up in Government schools in next 5 years.
Broadband Connectivity to Government Secondary Schools and PHCs

Broadband connectivity to be provided to all Government secondary schools and primary health centres in rural areas under the Bharatnet project.


Bharatiya Bhasha Pustak Scheme

Bharatiya Bhasha Pustak Scheme announced to provide digital-form Indian language books for school and higher education.


National Centres of Excellence for Skilling

5 National Centres of Excellence for skilling to be set up with global expertise and partnerships to equip our youth with the skills required for “Make for India, Make for the World” manufacturing.
Expansion of Capacity in IITs

Additional infrastructure to be created in the 5 IITs started after 2014 to facilitate education for 6,500 more students.
Centre of Excellence in AI for Education

A Centre of Excellence in Artificial Intelligence for education to be set up with a total outlay of ₹ 500 crore.


Expansion of medical education

10,000 additional seats to be added in medical colleges and hospitals next year, adding to 75000 seats in the next 5 years.
Day Care Cancer Centres in all District Hospitals

Government to set up Day Care Cancer Centres in all district hospitals in the next 3 years, 200 Centres in 2025-26.


Strengthening urban livelihoods

A scheme for socio-economic upliftment of urban workers to help them improve their incomes and have sustainable livelihoods announced.
PM SVANidhi

Scheme to be revamped with enhanced loans from banks, UPI linked credit cards with ₹ 30,000 limit, and capacity building support.
Social Security Scheme for Welfare of Online Platform Workers

Government to arrange for identity cards, registration on e-Shram portal and healthcare under PM Jan Arogya Yojna, for gig-workers.

Investing in the Economy
Public Private Partnership in Infrastructure

Infrastructure-related ministries to come up with a 3-year pipeline of projects in PPP mode, States also encouraged.
Support to States for Infrastructure

An outlay of ₹1.5 lakh crore proposed for the 50-year interest free loans to states for capital expenditure and incentives for reforms.


Asset Monetization Plan 2025-30

Second Plan for 2025-30 to plough back capital of ₹ 10 lakh crore in new projects announced.
Jal Jeevan Mission

Mission to be extended until 2028 with an enhanced total outlay.
Urban Challenge Fund

An Urban Challenge Fund of ₹ 1 lakh crore announced to implement the proposals for ‘Cities as Growth Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water and Sanitation’, allocation of ₹ 10,000 crore proposed for 2025-26.


Nuclear Energy Mission for Viksit Bharat

Amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act to be taken up.
Nuclear Energy Mission for research & development of Small Modular Reactors (SMR) with an outlay of ₹20,000 crore to be set up, 5 indigenously developed SMRs to be operational by 2033.


Shipbuilding

The Shipbuilding Financial Assistance Policy to be revamped.
Large ships above a specified size to be included in the infrastructure harmonized master list (HML).
Maritime Development Fund

A Maritime Development Fund with a corpus of ₹ 25,000 crore to be set up, with up to 49 per cent contribution by the Government, and the balance from ports and private sector.
UDAN – Regional Connectivity Scheme

A modified UDAN scheme announced to enhance regional connectivity to 120 new destinations and carry 4 crore passengers in the next 10 years.
Also to support helipads and smaller airports in hilly, aspirational, and North East region districts.
Greenfield Airport in Bihar

Greenfield airports announced in Bihar, in addition to the expansion of the capacity of Patna airport and a brownfield airport at Bihta.
Western Koshi Canal Project in Mithilanchal

Financial support for the Western Koshi Canal ERM Project in Bihar.
Mining Sector Reforms

A policy for recovery of critical minerals from tailings to be brought out.


SWAMIH Fund 2

A fund of ₹ 15,000 crore aimed at expeditious completion of another 1 lakh dwelling units, with contribution from the Government, banks and private investors announced.
Tourism for employment-led growth

Top 50 tourist destination sites in the country to be developed in partnership with states through a challenge mode.

Investing in Innovation


Research, Development and Innovation

₹20,000 crore to be allocated to implement private sector driven Research, Development and Innovation initiative announced in the July Budget.
Deep Tech Fund of Funds

Deep Tech Fund of Funds to be explored to catalyze the next generation startups.
PM Research Fellowship

10,000 fellowships for technological research in IITs and IISc with enhanced financial support.
Gene Bank for Crops Germplasm

2nd Gene Bank with 10 lakh germplasm lines to be set up for future food and nutritional security.
National Geospatial Mission

A National Geospatial Mission announced to develop foundational geospatial infrastructure and data.


Gyan Bharatam Mission

A Gyan Bharatam Mission for survey, documentation and conservation of our manuscript heritage with academic institutions, museums, libraries and private collectors to be undertaken to cover more than 1 crore manuscripts announced.

Exports as an engine of Development

Export Promotion Mission

An Export Promotion Mission, with sectoral and ministerial targets, driven jointly by the Ministries of Commerce, MSME, and Finance to be set up.


BharatTradeNet

‘BharatTradeNet’ (BTN) for international trade to be set-up as a unified platform for trade documentation and financing solutions.


National Framework for GCC

A national framework to be formulated as guidance to states for promoting Global Capability Centres in emerging tier 2 cities.

Reforms as fuel

FDI in Insurance Sector

The FDI limit for the insurance sector to be raised from 74 to 100 per cent, for those companies which invest the entire premium in India.


Credit Enhancement Facility by NaBFID

NaBFID to set up a ‘Partial Credit Enhancement Facility’ for corporate bonds for infrastructure.
Grameen Credit Score

Public Sector Banks to develop ‘Grameen Credit Score’ framework to serve the credit needs of SHG members and people in rural areas.


Pension Sector

A forum for regulatory coordination and development of pension products to be set up.
High Level Committee for Regulatory Reforms

A High-Level Committee for Regulatory Reforms to be set up for a review of all non-financial sector regulations, certifications, licenses, and permissions.
Investment Friendliness Index of States

An Investment Friendliness Index of States to be launched in 2025 to further the spirit of competitive cooperative federalism anounced.


Jan Vishwas Bill 2.0

The Jan Vishwas Bill 2.0 to decriminalize more than 100 provisions in various laws.

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