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Budget 2025: Limit of loan on Kisan Credit Card increased from 3 lakh to 5 lakh, Makhana Board will be formed in Bihar

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  • Budget Live | Union Budget 2025 Nirmala Sitharaman Speech updates; Narendra Modi Govt Income Tax Slabs

New Delhi1 minute ago

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Finance Minister Nirmala Sitharaman started the budget speech in the Lok Sabha at 11 am.

Union Finance Minister Nirmala Sitharaman is presenting the budget for the eighth consecutive time. As soon as the Lok Sabha proceedings started, the opposition started a ruckus over discussion on Mahakumbh stampede. As soon as the Finance Minister started the speech, the opposition shouted slogans and boycotted the budget. However, after some time he returned to the House.

The Finance Minister said, our focus is on ‘Gyan’. Gyan means- poor, youth, grain and female power. We have done versatile development in 10 years.

Big announcement so far in the budget

  • The next 6 years focus to increase the yield of pulses like lentils, tur.
  • The 5 -year mission to increase cotton yield, this will make the country’s textile industry strong.
  • The loan limit on Kisan Credit Card will be increased from 3 lakh to 5 lakhs.
  • Makhana Board will be formed in Bihar, benefiting small farmers and traders.
  • Special credit cards will be issued to small industries, 10 lakh cards will be issued first year.

Earlier, the Finance Minister reached the Finance Ministry from her residence at 8:45 am. She went to Rashtrapati Bhavan after stopping for half an hour in the ministry. There, President Draupadi handed over a copy of the budget to Murmu. The President fed him curd sugar here. After this she reached Parliament House. A cabinet meeting was held here. The budget was approved in this. Like the last four budgets and an interim budget, these budgets are also paper laces.

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Live updates

1 minute ago

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Vitra Minister announcements in the budget

  • In addition to assistance for India’s footwear and leather sector, there are plans for footwear without leather. 22 lakh jobs and business of 4 lakh crores and exports of more than 1.1 lakh crore are expected.
  • The scheme will be launched under Make in India for the construction of toy.
  • Will introduce special favorable credit cards with a limit of 5 lakhs for micro enterprises. 10 lakh cards will be issued in the first year. AIAP has received more than 91 thousand crore submissions for startups. Will make a new contribution of 10 thousand crores.
  • Micro small and medium industries are providing employment to 7.5 million people. They are contributing 45 per cent to construction with MSME growers. Their classification will be extended to double. The guarantee has been increased from 5 crores to 10 crore with cover. Loans of up to 1.5 lakh crores will be available. For start up, 10 crores to 20 crores will be increased. The guarantee fee will be reduced.
  • The Indian Postal Department will be converted into a public organization. The needs of Vishwakarma, women, self -help groups will be met.
  • 7.7 crore farmers, fishermen etc. get credit through Kisan Credit Card. Its limit will be increased from 3 lakh to 5 lakhs.
  • Urea resources lying inactive in the eastern region have been activated. A new plant will be set up in Assam.

8 minutes ago

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Finance Minister said- National High yield will run seed mission

  • India is the second largest producer in fisheries. There is a market of 60 thousand crores. Andaman, Nicobar and deep sea will promote fishing.
  • Under the cotton productivity mission, productivity will increase a sufficient increase and long -fired varieties of cotton will be promoted. Farmers’ income will get an edge.
  • National high yields will run seed mission. Research, high yields, will provide more than 100 varieties of seeds.

11 minutes ago

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Finance Minister said- Government is paying attention to tur, urad and lentils

The Finance Minister said that Make in India, Employment and Innovation, Energy Supply, Development of Sports, Development of MSMP are involved in our development journey and its fuel reforms. This program is expected to help 1.7 crore farmers. Rural prosperity and adaptation construction will be started with the participation of states. Skills, investment will improve employment in agriculture. Its purpose is to create alternatives in rural areas. Young farmers, rural women, farmers will focus on small farmers.

The first phase will include 100 developing agricultural districts. The national oil mission is running for self -sufficiency in edible oils. 10 years ago we made concrete efforts and achieved self -sufficiency in pulses. Since then income has increased and better economic capacity has increased.

Now the government is focusing on tur, urad and lentils. Its description is given. During 4 years, agencies will buy as many pulses from farmers who registration and agreement in central agencies.

19 minutes ago

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The distribution minister said- this focus on budget development

The Finance Minister said, ‘This budget is dedicated to increasing the development of the government, development, middle class capacity of all. We are going to complete 25 years of this century. The expectations of our developed India have inspired us. Our economy is the fastest growing economy in all major economy.

22 minutes ago

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Opposition uproar in Parliament

As soon as the Lok Sabha proceedings started, the opposition started a ruckus. The speaker has called Finance Minister Sitharaman to read the budget. Many MPs were seen shouting slogans.

33 minutes ago

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Jairam Naresh said- Tax Terrorism is over

35 minutes ago

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Akhilesh Yadav said- SP’s priority Mahakumbh

Akhilesh Yadav said, ‘Budget is coming but SP’s priority is Aquarius. People are not getting their own. The dead bodies are still there, but the government is hiding the figures. Publicity was done by spending so much money, people were called, but did not arrange.

41 minutes ago

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Modi reached Parliament, participated in cabinet meeting

PM Modi has reached Parliament House. The cabinet meeting was held at 10:25 pm before the budget was presented. The budget was approved in this.

04:53 am1 February 2025

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Nirmala was fed by President Murmu to Dahdi and Chinese before the budget

04:49 am1 February 2025

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Punjab Vitra Minister said- Punjab gets special package

Punjab Finance Minister Harpal Singh Cheema said, ‘We have submitted a memorandum to Union Finance Minister Nirmala Sitharaman. In this, we have demanded a special package for Punjab. Punjab is an agricultural state. We need to diversify crops. We have also demanded a legal guarantee of MSP.

04:36 am1 February 2025

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Finance Minister Nirmala Sitharaman reached Parliament

04:30 am1 February 2025

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Finance Minister Sitharaman leaves Rashtrapati Bhavan

04:10 am1 February 2025

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Finance Minister Nirmala Sitharaman reached Rashtrapati Bhavan

04:06 am1 February 2025

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Finance Minister wears Madhubani saree in cream color

Finance Minister Nirmala Sitharaman wore a Madhubani saree. This saree has been given to her by Dulari Devi, who lives in Bihar. Dulari Devi is the Padma Shri Award winner of 2021.

03:42 am1 February 2025

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Nirmala Sitharaman came out of Finance Ministry

03:20 am1 February 2025

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Nirmala Sitharaman reached Finance Ministry, she wore a cream color saree

03:15 am1 February 2025

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Nirmala Sitharaman leaves her residence for Finance Ministry

03:03 am1 February 2025

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Minister of State for Finance Pankaj Chaudhary reached Finance Ministry

02:59 am1 February 2025

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6 big announcements that can be in this budget …

1. Cheap-cheaper: Petrol and diesel prices may decrease

  • Petrol and diesel prices can be reduced by cutting excise duty. Currently, petrol is charged Rs 19.90 and diesel Rs 15.80.
  • Import duty of parts associated with consumer electronics may decrease. It currently takes 20% duty on it. This can make items like mobile cheap.
  • Import duty on gold-silver can be increased. Right now it takes 6% duty. This can increase the prices of gold and silver.

3 reasons for these announcements

  • The Confederation of Indian Industry (CII) has recommended the government to cut excise duty on petrol and diesel. CII is an industry organization.
  • The cost of domestic manufacturing will reduce the cost of domestic manufacturing due to reduced import duty on electronics. This will give them boost. The government is offering such discounts under Make in India.
  • In the last budget, the government had reduced import duty on gold from 15% to 6%. Soon after, the annual import of gold increased by 104% to 87 thousand crores in August 2024. Now the government wants to reduce the import so that the trade deficit can be reduced.

02:59 am1 February 2025

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2. Income Tax: Annual income of up to Rs 10 lakh can be free

  • Under the new regime, an annual income of up to Rs 10 lakh can be done.
  • A new tax bracket of 25% can be brought for income between Rs 15 lakh to 20 lakh rupees. It currently has 6 tax brackets. 30% tax is levied on income of more than Rs 15 lakh.
  • Under the new regime, the basic Examination Limit can be increased from Rs 3 lakh to Rs 5 lakh.

Declaration of announcement

  • According to analysts, the government wants most people to adopt new tax regime. The new regime is easier than the old. There is no problem of documents in it.

02:58 am1 February 2025

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3. Schemes: PM Kisan Samman Nidhi can increase from 6 thousand to 12 thousand

  • PM Kisan Samman Fund: The annual can be increased from 6 thousand rupees to 12 thousand rupees. In this scheme, 2-2 thousand rupees are transferred to more than 9.4 crore farmers in 3 installments.
  • Ayushman Bharat Scheme: Its scope can be increased. Currently, economically weak and over 70 years old people get the benefit of this scheme. More than 36 crore cards have been made in this scheme.
  • Atal Pension Yojana (APY): The pension amount can be doubled, ie, 10 thousand rupees. At the moment, Maximum Monthly Pension is 5 thousand rupees. So far, more than 7 crore people have been registered in this scheme.

3 reasons for announcements

  • The Standing Committee of Parliament has recommended to increase the Kisan Samman Nidhi to Rs 12,000.
  • The government wants to give better health facility to more and more people.
  • Atal Pension Yojana (APY) was launched in 2015. There has been no major change in this for a long time.

02:58 am1 February 2025

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4. Job: Internship for graduate youth in rural areas

  • ‘Integrated National Employment Policy’ can be introduced. In this, the schemes of separate employment ministries will be brought under one umbrella.
  • The internship program may be announced to work in government offices in rural areas. This internship will be for graduate youth only.
  • International Mobility Authority can be formed to help in getting jobs abroad.
  • Startups can be supported to increase skills and generate employment.

3 reasons for announcements

  • The CII has demanded to introduce ‘Integrated National Employment Policy’. CII shares its decorations with the government in the pre budget meeting.
  • With the average age of 29 years, India is a young country. Therefore, there is a need to generate mass employment for growth.

02:57 am1 February 2025

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5. Health: Roadmap to add 75 thousand seats in medical colleges

  • The budget of the health sector can be increased by about 10%. Last year, 90 thousand 958 crore rupees were given for health.
  • Import duty on medical devices such as MRI may be reduced. Currently, basic custom duty on it is between 7.5% to 10%.
  • In the next 5 years, the government has targeted to add 75 thousand seats to medical colleges. Its roadmap can be introduced in the budget.

3 reasons for announcements

  • To improve health infrastructure, it is necessary to increase the health budget.
  • The government wants to reduce the cost of treatment. Due to decrease in custom duty, the prices of medical equipment will decrease and checks will be cheaper.
  • It was announced by Prime Minister Narendra Modi in August 2024 to provide quality education within the country. PM Modi had said that he wants to make India a global education hub.

02:56 am1 February 2025

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6. House: Price limit to buy cheap houses may increase

  • Affordable housing (cheap home) price limit for metro cities can be increased from Rs 45 lakh to Rs 70 lakh. That is, if someone purchases a house up to 70 lakh rupees, he will get a discount under the government scheme. The limit for other cities can be Rs 50 lakhs.
  • The tax exemption on home loan interest can be increased to Rs 5 lakh. Right now it is 2 lakh rupees.

3 reasons for announcements

  • There is a shortage of 1.01 crore cheap houses in India. This shortage can increase to 3.12 crores by 2030.
  • The real estate sector has demanded to increase the tax exemption on the interest of home loan to Rs 5 lakh.

There are more news …

(Tagstotranslate) Budget 2025 Live Updates (T) Union Budget 2025 (T) Budget 2025 Expectations Live Updates (T) Budget 2025 Date (T) Budget 2025 Time (T) Budget 2025 Extension ala sitharaman

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Sonu Kumar
Sonu Kumarhttp://newstiger.in
Stay up-to-date with Sonu Ji, who brings you fresh takes on breaking news, technology, and cultural trends. Committed to reliable reporting, Sonu Ji delivers stories that are both informative and engaging.

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