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Key Highlights from the Budget 2025-26 (Bullet Points)

NEW INCOME TAX REFORMS (For Individuals & Businesses)

  • No Income Tax up to ₹12 Lakh under the new tax regime.
  • Revised Tax Slabs for Individuals:
    • ₹0-4 lakhNil
    • ₹4-8 lakh5%
    • ₹8-12 lakh10%
    • ₹12-16 lakh15%
    • ₹16-20 lakh20%
    • ₹20-24 lakh25%
    • Above ₹24 lakh30%
  • Standard Deduction Increased to ₹75,000 for Salaried Individuals.
  • TDS/TCS Simplification:
    • Senior Citizen Interest Exemption Limit Doubled (₹50,000 to ₹1 Lakh).
    • TDS on Rental Income Limit Increased to ₹6 Lakh (from ₹2.4 Lakh).
    • No TCS on Education Loans for Foreign Remittance.
  • 5-Year Extension of Startup Tax Benefits & Sovereign Fund Investments.
  • Tax Certainty for Electronics Manufacturers & Ship-Leasing in IFSC.
  • Tonnage Tax Scheme Extended to Inland Water Transport.
  • Updated Income Tax Return Filing Time Extended to 4 Years (from 2 years).
  • New Income Tax Bill to Reduce Complexity & Litigation.

🔹 MSME SUPPORT & GROWTH (For Businesses & Startups)

  • Revised MSME Classification:
    • Investment & Turnover Limits Increased by 2.5X for all MSMEs.
  • Enhanced Credit Support:
    • Credit Guarantee Limit for MSMEs Increased to ₹10 Crore (from ₹5 Crore).
    • Startup Credit Guarantee Enhanced to ₹20 Crore (from ₹10 Crore).
  • Customized Credit Cards for Micro Enterprises:
    • ₹5 Lakh Credit Limit for 10 Lakh MSMEs in 1st Year.
  • ₹10,000 Crore Fund of Funds for Startups.
  • Scheme for First-Time Entrepreneurs:
    • 5 Lakh Women & SC/ST Entrepreneurs to Get Term Loans up to ₹2 Crore.
  • Focus Product Scheme for Footwear & Leather Industry:
    • Expected to Generate 22 Lakh Jobs & ₹1.1 Lakh Crore in Exports.
  • Support for Toy Manufacturing:
    • Development of Clusters & ‘Made in India’ Branding.
  • National Institute of Food Technology in Bihar:
    • Boosting Agri-Processing & Value Addition in Eastern India.
  • Manufacturing Mission with Focus on Clean Tech:
    • EV Batteries, Solar PV, Wind Turbines, High-Voltage Transmission Equipment.

🔹 EXPORTER BOOST (For Trade & Global Market Access)

  • Export Promotion Mission:
    • Sector-Specific & Ministerial Targets for Growth.
  • BharatTradeNet:
    • Digital Public Infrastructure for Trade Documentation & Financing.
  • Support for Global Supply Chain Integration:
    • Sector-Wise Identification & Strategic Support.
  • Air Cargo Infrastructure & Warehousing Expansion:
    • Focus on Perishable Agri & Horticulture Exports.
  • Simplified Customs & Trade Regulations:
    • Time Limit for Finalizing Provisional Assessment Fixed at 2 Years.
    • Duty-Free Inputs for Handicrafts Extended by 1 Year.

🔹 INVESTMENT & INFRASTRUCTURE PUSH (For Economic Growth)

  • ₹1.5 Lakh Crore Interest-Free Loan for State Infrastructure Development.
  • ₹10 Lakh Crore Asset Monetization Plan (2025-2030).
  • Jal Jeevan Mission Extended to 2028:
    • Target 100% Tap Water for Rural Households.
  • Urban Challenge Fund (₹1 Lakh Crore):
    • For City Redevelopment & Smart City Expansion.
  • Power Sector Reforms:
    • Additional 0.5% GSDP Borrowing Limit for States Meeting Reform Targets.
  • Nuclear Energy Mission (100GW by 2047):
    • ₹20,000 Crore R&D for Small Modular Reactors (SMRs).
  • UDAN Scheme Expansion:
    • 120 New Destinations, 4 Crore Passengers Over 10 Years.

🔹 AGRICULTURE & RURAL DEVELOPMENT

  • Prime Minister Dhan-Dhaanya Krishi Yojana:
    • 100 Low-Productivity Districts to Get Modernized Farming Support.
  • Mission for Aatmanirbharta in Pulses:
    • Tur, Urad, Masoor – Guaranteed Procurement by NAFED & NCCF for 4 Years.
  • Comprehensive Programme for Fruits & Vegetables:
    • Strengthening Supply Chains & Processing.
  • Makhana Board in Bihar:
    • Boosting Production, Processing & Marketing.
  • National Mission on High Yielding Seeds:
    • Strengthening Research & Climate-Resilient Crops.
  • Cotton Mission:
    • Improving Productivity & Export Potential.
  • Kisan Credit Card (KCC) Loan Limit Increased to ₹5 Lakh (from ₹3 Lakh).
  • New Urea Plant in Assam (12.7 Lakh Metric Ton Capacity).
  • India Post Expansion:
    • To Support Rural Banking, Microfinance & Logistics.

🔹 SOCIAL WELFARE & SKILL DEVELOPMENT

  • Saksham Anganwadi & Poshan 2.0:
    • Nutritional Support for 8 Crore Children & 1 Crore Women.
  • 50,000 Atal Tinkering Labs in Government Schools.
  • Broadband Connectivity for Government Schools & Primary Health Centers.
  • AI Centre of Excellence for Education (₹500 Crore Investment).
  • Medical Education Expansion:
    • 10,000 New Seats in 2025, Total 75,000 Seats Over 5 Years.
  • Day Care Cancer Centres in Every District (200 in 2025-26).
  • Gig Worker Social Security:
    • 1 Crore Online Platform Workers to Get PM Jan Arogya Yojana Health Coverage.

🔹 FINANCIAL & REGULATORY REFORMS

  • FDI in Insurance Sector Increased from 74% to 100%.
  • India Post Payment Bank Expansion in Rural Areas.
  • Grameen Credit Score for Rural Entrepreneurs.
  • Investment Friendliness Index for States.
  • High-Level Committee for Reducing Business Regulations.
  • Bilateral Investment Treaties Revamped for Investor-Friendly Approach.

🔹 CUSTOMS & TRADE FACILITATION

  • Duty-Free Imports of 36 Lifesaving Medicines & Cancer Drugs.
  • Zero Duty on Critical Minerals for Green Tech & EV Batteries.
  • Customs Duty Reductions on Shipbuilding, Renewable Energy Equipment.
  • Time Limit for Finalizing Provisional Assessment Fixed at 2 Years.
  • Simplified Taxation for Electronics Manufacturing & Renewable Energy Companies.

🔹 CONCLUSION

  • Budget 2025-26 Focuses on:
    • Boosting MSMEs, Startups & Exports.
    • Strengthening Infrastructure & Investments.
    • Supporting Farmers & Rural Economy.
    • Tax Relief for Middle-Class & Business-Friendly Reforms.
    • Encouraging Clean Energy & Digital Innovation.
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