Syed Muskan
Under Budget 2025, the KCCs will continue to facilitate short term loans. However, the loan limit under the updated interest subvention scheme is set to be increased from Rs 3,000 to Rs 5,000 for loans taken through the KCC.
The budget 2025 has increased the foreign direct investment (FDI) limit in insurance from 74 per cent to 100 percent.
In Budget 2025, a new announcement regarding the New Direct Tax Code (DTC) 2025 bill was made. This bill will be announced early next week.
Nirmala Sitharaman in her Budget speech announced that the government will give a Rs 2 crore term loan for 500,000 first-time women entrepreneurs from the SC and ST communities.
For the gig workers, budget 2025 has announced that the government will provide ID cards to all gig workers of online portals and will register them on e-Shram portal, and healthcare under PM Jan Arogya Yojana.
Under budget 2025, there is a revision of income tax slab rates (under the new tax regime) and an increase in the limit of Rebate under Section 87A. Under the new tax regime, taxpayers earning a net income of Rs 12 lakh will have to pay no income tax.