The First budget of Amrit Kaal

MAJOR BUDGET ANNOUNCEMENT IN LAST 10

YEARS
Vision for Amrit Kaal

• Technology-driven and knowledge-

based economy, with strong public
finances and a robust financial sector.
Sabka Saath Sabka-
Inclusive Development
AGRICULTURE AND COOPERATIVES

• Digital Public Infrastructure for Agriculture

• Agriculture Accelerator Fund
• Enhancing productivity of cotton crop
• Atmanirbhar Horticulture Clean Plant Program
• Global Hub for Millets
• National cooperative database
HEALTH AND
EDUCATION

• Medical & Nursing Colleges

• Sickle Cell Anaemia Elimination
Mission
• Medical Research
• Teachers’ Training
• National Digital Library for Children
and Adolescents
Reaching The Last Mile

• Aspirational Districts and Blocks Program

• Pradhan Mantri PVTG Development

Mission

• Eklavya Model Residential Schools

• Water for Drought Prone Region

• PM Awas Yojana

• Support for poor prisoners

Infrastructure
• Increased capital investment outlay by
33.4%.
• Continuation of 50 year interest free
loan to state governments to incentive
infrastructure and investment.
• Highest ever Capital outlay of 4.2 lakh
crore for Railways.
• 100 Transport infrastructure projects
identified for end-to-end Connectivity
for ports,coal,fertililizer sectors.
Unleashing the
Potential
• Mission Karmayogi
• Centres of Excellence for Artificial Intelligence
• National Data Governance Policy
• Simplification of Know Your Customer (KYC) process
• One stop solution for identity and address updating
• Common Business Identifier
• Unified Filing Process
• Lab Grown Diamonds
Unleashing the
Potential
• Vivad se Vishwas I – Relief for
MSMEs
• Vivad se Vishwas II – Settling
Contractual Disputes
• State Support Mission
• Result Based Financing
• E-Courts
• Fintech Services
• Entity DigiLocker
• 5G Services
Green
Growth
• Net Zero Carbon Emission by 2070
• National Green Hydrogen Mission (5
MMT by 2030)
• 35,000 Crore for priority capital
Investment
• Battery Storage Systems with 4,000
MWH
• 13 GW renewable energy from
Ladakh with 20,700 Crore Funding
• Green Credit Program
Green Growth
(cont)
7. PM Pranam Plan to promote alternative
fertilizers
8. GOBARdhan Scheme with 10,000 Crore
9. 1 Crore Farmers to adopt natural
Farming with 10,000 bio input resources
10. Mangrove Initiative along coastline
and salt pan lands
11. Coastal Shipping
12. Vehicle Replacement
YOUTH POWER
Pradhan Mantri Kaushal Vikas Yojana 4.0:
• The Pradhan Mantri Kaushal Vikas Yojana 4.0 will be
introduced to train thousands of young people.
• The focus will be on on-the-job training, industry
partnerships, and course alignment with industry
requirements.
• The scheme will also cover new age courses for Industry 4.0
like coding, AI, robotics, mechatronics, IOT, 3D printing,
drones, and soft skills.
Skill India Digital Platform:
• Thirty Skill India International Centers will be established
nationwide to help the younger generation for careers
abroad.
• Digital platform for engaging with employers, including
MSMEs, providing access to entrepreneurship programs.
National Apprenticeship Promotion Scheme:
• A direct benefit transfer under a pan-India national
apprenticeship promotion scheme will also be introduced in
order to support 47 lakh youths in 3 years with a stipend.
Tourism:
• Rs. 2400 crores allocated to Ministry of Tourism as the sector
holds huge opportunities for jobs and entrepreneurship for
youth
• 50 destinations will be developed as ‘a complete package of
tourism’. These destinations will be selected through
challenge mode, using an integrated and innovative
approach.
Unity Mall:
• States will be encouraged to establish a Unity Mall in their
state capital, most significant tourist destination, or financial
capital for the promotion and sale of their own ODOPs (one
district, one product), GI products, and other handicraft
products, as well as for providing space for such products of
all other States.
Financial Sector:
• NFIR (National Financial Information Registry) to be launched for
financial strategy.
• EPFO Numbers doubled to 27 crores.
• ‘Mahila Samman Bachat Scheme’ for Women up to Rs. 2,00,000 @
7.5%.
• Setting up a Central Data Processing Centre for the faster handling of
administrative work under the Companies Act.
• Benefits for Senior Citizens, Enhanced maximum deposit limit for
senior citizens savings scheme from 15 lakhs to 30 lakhs @ 8%
interest rate.
Direct and Indirect tax:
1. Promote domestic manufacturing and
exports.
2. Tax exemption on Capital Goods and Lithium
batteries.
3. Mobiles and camera lenses to become
cheaper.
4. Gold, Silver & Diamonds, cigarettes, and
imported rubber get expensive.
5. The enhanced limit for 3 crores and 75 lakhs
for presumptive taxation.
6. Higher TDS limit of RS. 3 crores for
Cooperatives
7. New IT Return Form for easier filing.
8. 100 Joint Commissioners to be appointed for
disposal of small appeals.
9. TDS reduced on EPF withdrawal.
10. Sections 54 and 54F are to be amended.
11. The rebate limit increased to 7 lakhs in the
new tax regime.
12. The number of slabs was reduced from 7 to
5 in the new tax regime.
13. Only 5% tax on an Individual’s Annual
income of 9,00,000 only to pay Rs. 45,000
as tax.
14. Salaried class and pensioner: Standard
Deduction increased.
15. Highest tax rate 42.74 % reduced.
16. Propose to reduce the Higher surcharge rate
from 37 % to 25% in the new tax regime.
17. Leave Encashment: Limit increased from Rs.
3,00,000 to Rs. 25,00,000.