The budget demonstrates a strategic vision for comprehensive development, prioritizing nine key areas: agriculture, employment, social justice, manufacturing, urban development, energy, infrastructure, research and development, and next-generation reforms. This focus is poised to build a resilient and inclusive economy.
A new credit guarantee scheme for MSMEs, with guarantees up to ₹100 crore, and higher MUDRA loan limits of ₹20 lakh will ease fund access and boost manufacturing growth. Reducing the TReDS onboarding turnover threshold from ₹500 crore to ₹250 crore expands MSMEs’ access to timely financing. This budget reflects a forward-thinking vision for India’s future, promoting productivity, resilience, and inclusive growth across multiple sectors.
The allocation of ₹1.48 lakh crore towards education, employment, and skilling, along with the introduction of three employment-linked schemes—such as direct transfers of up to ₹15,000 to first-time employees and incentives for both employees and employers—will greatly enhance our workforce. The financial support for loans up to ₹10 lakh for higher education, the upgrade of 1,000 ITIs, and internship opportunities for 1 crore students showcase a strategic and inclusive approach to promoting growth. This initiative aims to build a strong foundation for the workforce of the future.
Furthermore, increasing women’s participation in the workforce through dedicated hostels and skilling programs is a crucial step towards achieving gender equality and economic empowerment, paving the way for a more inclusive and diverse workforce.
