Union Budget 2025: Finance Minister Nirmala Sitharaman is set to unveil the Union Budget on February 1, 2025. Various sectors and communities across the country are eagerly anticipating the announcements, with expectations high for significant updates to key government schemes. Experts suggest that several programs, including PM Kisan Samman Nidhi and PM Awas Yojana, could see major enhancements in this budget.
Subsidy Increase Likely in PM Awas Yojana
The government is expected to increase the subsidy under the Pradhan Mantri Awas Yojana (PMAY) to stimulate the real estate market and provide affordable housing for the general public. Additionally, efforts may be made to streamline the process of securing bank loans under this scheme, making it more accessible to potential beneficiaries.
PM Kisan Samman Nidhi Amount May Double
Currently, farmers receive an annual financial aid of ₹6,000 under the PM Kisan Samman Nidhi Yojana, distributed in three equal installments. Speculation is rife that this amount could be increased to ₹12,000 in the upcoming budget. This potential hike comes in response to longstanding demands from the farming community. Moreover, the government is reportedly considering offering agricultural loans at reduced interest rates to support farmers further.
Increased Allocation for Gram Sadak Yojana
The Pradhan Mantri Gram Sadak Yojana (PMGSY), aimed at improving rural road infrastructure, is likely to receive a 10% budget hike. Last year, the allocation stood at ₹14,800 crore, and this figure may increase to ₹16,100 crore in 2025. In addition, measures to boost the SME sector, such as enhanced credit guarantees and lower interest rate loans, might also feature in the budget.
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Expanded Benefits for Ayushman Bharat Yojana
The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana could see an increased budget allocation, allowing the inclusion of more beneficiaries under its free treatment program. Notably, the government has already indicated plans to extend this scheme to individuals aged 70 and above, potentially broadening its reach to cover additional families in need of healthcare support.
With these expected changes, the 2025 budget promises to address the aspirations of various segments of society while bolstering economic growth through targeted investments in welfare and infrastructure programs.
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