Starting February 1, 2025, a number of new facilities and rules are set to be implemented across India, bringing significant benefits to the general public. These changes will impact various sectors such as banking, mobile recharges, taxes, ration cards, LPG gas, and more. The middle class is expected to see the most advantages from these updates.
This article will provide you with detailed information about these changes, how they will affect your daily life, and how you can take full advantage of them, whether you are a worker, business owner, or farmer.
10 New Facilities from February 1, 2025
Several changes are scheduled to come into effect, each designed to make life easier and more affordable for citizens. Below is a summary of these new facilities:
Feature | Description |
---|---|
UPI Limit for Feature Phones | Increased from ₹5000 to ₹10,000 |
Pension Withdrawal | Now available from any bank branch |
Kisan Loan | Up to ₹2.5 lakh loan without guarantee |
Mobile Recharge | Separate recharge options for calling only |
Foreign Degree | Study in foreign universities while staying in India |
Agniveer Reservation | 10% reservation in CISF and BSF |
Income Tax Return | Can be filed until January 15 |
Online Money Transfer | Improved verification system |
Free Ration | New rules with e-KYC for distribution |
Ayushman Card | Free treatment up to ₹10 lakh in some states |
Major Change in UPI Payment Limit
A significant change will take place regarding UPI payments from February 1, 2025. The Reserve Bank of India (RBI) will double the UPI limit for feature phone users. Previously capped at ₹5,000, users will now be able to make UPI payments up to ₹10,000. This change will greatly benefit users who still rely on feature phones. Additionally, the UPI limit for medical emergencies will be raised to ₹1 lakh, enabling quicker financial support in urgent situations.
Moreover, a new UPI Circle feature will allow users to add up to 5 individuals to a single account, enabling transactions up to ₹15,000 a month. This feature will streamline transactions among family members or close friends.
New Facility for Pensioners
Starting February 1, 2025, pensioners will enjoy a much-needed convenience: the ability to withdraw pensions from any bank branch across the country. This change eliminates the need for additional verifications and is designed to make pension withdrawals more accessible.
Benefits of this new facility:
- Easy Access: Pensioners can now withdraw their pensions from any bank branch near their home.
- Time-Saving: No need to wait in long queues at specific bank branches.
- Convenient Travel: Pensioners can withdraw their pension while traveling to different cities or states.
- Less Hassle: There is no need to change banks or open new accounts.
Big News for Farmers: Loan Without Guarantee
Farmers will now have an easier time accessing loans, as the RBI has raised the maximum loan limit without collateral to ₹2.5 lakh, up from ₹1.6 lakh. This move aims to provide greater financial support to farmers.
Advantages of this change:
- Easier Loans: Farmers will now face fewer hurdles when applying for loans.
- Larger Loan Amounts: With the increased loan cap, farmers can invest more in their agricultural activities.
- Growth in Agriculture: This will promote the adoption of modern farming techniques.
- Increased Income: Better farming practices are expected to boost farmers’ earnings.
Affordable Mobile Recharge for Calling-Only Plans
From February 1, 2025, mobile recharges will be more affordable for users who only need calling services. TRAI has instructed telecom companies to offer recharge plans exclusively for calling. This change is particularly helpful for individuals who do not use mobile data.
Key benefits of the new rule:
- Cheaper Recharges: Customers will have access to more affordable recharge options focused solely on calls.
- Customized Plans: Users can select plans based on their specific needs.
- Senior Citizen Friendly: This change is a relief for elderly individuals who only need calling services.
- Cost Savings: There will be no need to pay for extra services like data that are not required.
Study in Foreign Universities While Living in India
In a major development in the education sector, students will now be able to earn degrees from foreign universities without leaving India. Foreign institutions will be able to open campuses in India and offer physical classes here.
Benefits of this initiative:
- Lower Costs: Students will save on the high expenses of studying abroad.
- Top-Quality Education: They will receive an international-level education without having to travel.
- Better Job Opportunities: A foreign degree will open up better career prospects.
- Cultural Exchange: Students will get exposure to diverse cultures by learning from international faculty.
Special Reservation for Agniveers
A new benefit is being introduced for Agniveers, the youth enrolled in the Agneepath scheme. Starting February 1, 2025, former Agniveers will receive 10% reservation in the Central Industrial Security Force (CISF) and Border Security Force (BSF). In addition, they will enjoy relaxations in physical fitness tests and age limits.
Advantages of this rule:
- Employment Boost: Agniveers will have a higher chance of securing government jobs in the paramilitary forces.
- Skills Utilization: The skills gained during their service will be beneficial to these forces.
- Encouragement for Youth: This will motivate more young people to join the Agneepath scheme.
- Strengthening Security Forces: Trained youth will help improve national security.
Extended Deadline for Filing Income Tax Returns
The deadline for filing Income Tax Returns (ITR) has been extended to January 15, giving taxpayers more time to complete their filings. There will also be a late fee of up to ₹5,000 for those who miss the deadline.
Benefits of this extended deadline:
- More Time: Taxpayers get additional time to submit their returns.
- Fewer Mistakes: The extra time will help reduce errors when filing ITR.
- Avoid Penalties: Late filers can avoid heavy penalties by filing on time.
- Easier Compliance: This extension will encourage more people to comply with tax laws.
Disclaimer:
This article is for informational purposes only. The details provided here are based on publicly available information and media reports. We cannot guarantee the accuracy or authenticity of all details. Readers are encouraged to verify the information from official sources and seek expert advice before making any decisions. Government policies and schemes may change over time, so always check the official websites for the latest updates.