Finance Minister Nirmala Sitharaman will present the budget of the country on 1 February 2025. In this budget, the government can make many important announcements related to farmers, youth, women and bank loans. In the previous budget, more than 33% of the total budget was spent on these sections. This time also the government can pay special attention to these classes.
The government’s focus in this budget will be on the needs of the common man. Many schemes can be announced to meet basic needs like bread, cloth and house. At the same time, emphasis can also be laid on schemes that speed up employment generation and economic development.
Major possible announcements of Budget 2025
| Area | Potential announcements |
| Farmer | MSP increase, agricultural loan discounts |
| Youth | Skill Development, Startup Encouragement |
| Women | Women Empowerment Schemes, Cash Transfer |
| Bank loan | Home loan discount, relief in MSME loan |
| Tax | Changes in income tax slab, exemption limit |
| Infrastructure | Investment in rail, road, defense sector |
| Education | Digital education promotes, scholarship |
| Health | Health Insurance, Medical Infrastructure |
Possible announcements for farmers
In this budget, special emphasis can be laid on increasing the income of farmers. Some possible announcements may be as follows:
- MSP hike: Minimum support price (MSP) can be increased by 10-15%.
- Interest rebate or apology may be announced on agricultural loans.
- The amount of Kisan Samman Nidhi can be increased to Rs 8000-10000 per year.
- Subsidies on agricultural equipment can be increased.
- A special plan for expansion of irrigation facilities may be announced.
Employment and skill development for youth
The government may be special attention to providing employment to the youth and their skill development:
- New courses can be started under Skill India Mission.
- Funding can be increased under the Startup India scheme.
- Apprenticeship program for youth can be expanded.
- New training centers can be opened by focusing on digital skills.
- A special scheme of employment generation for youth in rural areas can be introduced.
Women Empowerment and Welfare Schemes
There can be many announcements for the economic and social upliftment of women:
- Women’s honor savings letter scheme can be expanded.
- Direct cash transfer scheme can be launched for women.
- Special loan schemes may be announced for women entrepreneurs.
- Skill development programs can be started for rural women.
- Women self -help groups may be given more financial assistance.
Bank Loan and MSME Sector
Several steps can be taken to promote bank loan and MSME sector:
- The tax exemption limit on home loans can be increased.
- Credit guarantee funds for MSME sector can be increased.
- The range of collateral free loan for startups can be increased.
- The limit of farmer credit card can be increased.
- A new scheme can be introduced to deal with non-performing assets (NPA).
Expect tax relief
Some changes in income tax can be made to provide relief to the common man:
- Income tax slab can be changed.
- Standard deduction limits can be increased.
- The investment limit under section 80C can be increased to Rs 2 lakh.
- Tax exemption on health insurance premiums can be increased.
- More relief can be given in the new tax regimen.
Infrastructure development
There can be several announcements to strengthen the country’s infrastructure:
- A big budget allocation can be done for modernization of railway.
- Funds for national highway construction can be increased.
- Additional funds can be given for smart city projects.
- New schemes can be introduced to increase indigenous production in the defense sector.
- Tax incentives can be given to promote green energy projects.
Education and health sector
Several steps can be taken to improve education and health sector:
- New schemes can be introduced to promote digital education.
- The amount of scholarship for higher education can be increased.
- A special scheme can be brought to increase the number of medical colleges.
- The Ayushman Bharat scheme can be expanded.
- Funds can be allocated to promote telemedicine features.
Rural development and employment generation
Special attention can be paid to the development and employment generation of rural areas:
- The budget of MGNREGA can be increased.
- A new scheme can be introduced to encourage rural startups.
- Special funds may be announced for rural digitization.
- Tax exemption can be given to promote agricultural based industries.
- A new scheme can be launched to promote rural tourism.
Digital India and Technical Development
Several steps can be taken to carry forward the Digital India Mission:
- Additional funds can be allocated for the expansion of 5G network.
- A new fund can be created for Artificial Intelligence (AI) Research.
- A special plan can be introduced to strengthen cyber security.
- New incentives can be given to promote digital payment.
- New projects can be started to increase internet connectivity.
Environmental protection and climate change
Many measures can be taken to deal with environmental protection and climate change:
- New incentives can be given to promote electric vehicles.
- Additional funds can be allocated for solar energy projects.
- A new scheme can be launched for forest conservation.
- Special programs can be started to reduce plastic pollution.
- A national campaign for water conservation may be announced.
Disclaimer
This article is only for informative purpose and is based on perfectly projected and potential information. The actual budget announcements will be clear only in the actual budget to be presented by the government on 1 February 2025. The information given in this article is completely estimated and may have any kind of error or changes. Readers are advised to trust government official announcements and budget documents only.
