Economic & Fiscal Policies
• GDP Growth Projection: 6.4% for 2025-26.
• Fiscal Deficit Target: 4.4% of GDP (down from 4.8% in FY25).
• Capital Expenditure: Record allocation of 11.2 lakh crore to boost infrastructure.
• States’ Support: 1.5 lakh crore interest-free loans for states to enhance infra development.
Tax Reforms
• Income up to 12 lakh made tax-free.
• 1 lakh crore in direct tax relief.
• Reduction in TDS & TCS rates for ease of compliance.
• Industrial & Trade Policies
Customs Duty Rationalization
• Removal of seven tariff rates; now only eight remain.
• Exemption for key minerals like cobalt, lithium-ion battery waste, lead, zinc.
• FDI in Insurance: Raised from 74% to 100%, conditional on reinvestment in India.
MSME Sector:
• Investment & turnover limits revised.
• Credit guarantee cover increased from 5 crore to 10 crore.
• New credit cards with 5 lakh limit for micro-units.
Infrastructure & Energy
• UDAN Scheme: Extended for another 10 years to enhance air connectivity.
• Electric Mobility: Import duty exemption for battery manufacturing materials.
• Nuclear Energy: 20,000 crore for Small Modular Reactors (SMRs).
• Green Initiatives: National Critical Minerals Mission allocated 410 crore.
Agriculture & Rural Development
• PM Dhan-Dhaanya Krishi Yojana: To boost crop production in 100 low-yield districts.
• Self-Reliance in Pulses: Six-year mission focusing on tur, urad, and masoor dal.
• Fertilizer Subsidy Cut: Allocation reduced by ₹26,500 crore.
• Fisheries Support: Import duty on frozen fish paste & fish hydrolysate reduced.
