Union Budget 2025: Here’s What It Brings for You – Part 2

Welcome to the second part of our summary video on the Union Budget 2025. Here, we will cover major reforms in tourism, education, agriculture, etc.

 

The tourism sector got a significant boost with MUDRA loans for homestays, improved connectivity, incentives for better tourist management, and e-visa fee waivers. India’s top 50 tourist sites, mainly spiritual and religious locations, will be improved.

Under educational reforms, 50,000 Atal Tinkering Labs will be set up in government schools. The government is also pushing for broadband connectivity in rural secondary schools and the launch of digital books in Indian languages. There will be 10,000 fresh medical seats and additional infrastructure in five new IITs.

Farmers will benefit from the launch of the ‘Makhana Board’ in Bihar, an increased Kisan Credit Card limit of ₹5 Lakhs, and a five-year cotton productivity mission. The government will also support 1.7 crore farmers through the Prime Minister Dhan-Dhaanya Krishi Yojana.

State development plans include a new urea plant in Assam, sustainable fishery projects in the islands, and new airports in Bihar. Additionally, ₹1 Lakh Crore has been allocated for the ‘Urban Challenge Fund,’ and ₹15,000 Crore for affordable housing projects.

For more insights into the Union Budget 2025, stay tuned to Academy!

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Key Takeaways

Tourism is prioritised for employment-led growth, with skill development and MUDRA loans for homestays being enhanced

The government will develop 50 top tourist sites in partnership with states, focusing on spiritual and religious significance

Educational reforms include 50,000 Atal Tinkering Labs and broadband connectivity in government schools

Higher education will see infrastructure expansion in IITs, creating seats for 6,500 more students

Agricultural reforms include setting up a ‘Makhana Board’ in Bihar and launching a ‘Mission for Cotton Productivity’

Financial support for farmers will be enhanced with an increased limit of ₹5 Lakhs on Kisan Credit Cards

A ‘Maritime Development Fund’ worth ₹25,000 Crores will be established to boost the shipbuilding industry

Frequently Asked Questions
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Tourism is a key focus area in the Union Budget 2025. Reforms include skill development and MUDRA loans for homestays, fostering better travel connectivity and management. Incentives will also enhance tourist destinations. E-visas with fee waivers for select groups will attract more visitors, and a focus on medical tourism aims to increase private sector collaboration while streamlining visa norms.
Education gets a boost through 50,000 new Atal Tinkering Labs and broadband connectivity for all government secondary schools in rural areas. Digital books in Indian languages will be launched under the Bharatiya Bhasha Pustak Scheme. An AI-based ‘Centre of Excellence for Education’ will also be set up, to aid students through advanced educational resources.
The Union Budget supports agriculture by setting up a ‘Makhana Board’ in Bihar to promote makhana production. A ‘Mission for Cotton Productivity’ will be launched to increase cotton farming efficiency and sustainability. The limit on Kisan Credit Cards will be raised to ₹5 Lakhs. The Prime Minister Dhan-Dhaanya Krishi Yojana will support farmers in 100 districts.
To boost state development, a new urea plant will be set up in Assam. Sustainable fishery projects will be launched in Andaman and Nicobar and Lakshadweep islands. Greenfield airports will be developed in Bihar, along with expansion of Patna airport. Capital expenditure and reform will see states receive a 50-year interest-free loan.
For urban development, a ₹1 Lakh Crore ‘Urban Challenge Fund’ will be set up will support initiatives like ‘Cities as Growth Hubs.’ A second fund of ₹15,000 Crores will be created for affordable housing under the ‘Special Window for Affordable and Mid-Income Housing’ scheme (SWAMIH). These steps aim to develop the quality of urban living and make housing more affordable, creating vibrant and growing cities.
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