New Delhi:
Bread, cloth and house … These are a basic need for a human being. If education, health and job are added to it, then it is a middle class family. Every middle class family dreams that he has a roof on his head. Good food can be served in the children’s plate. Branded to wear is not right, but clothes were found according to need and choice. Children should be studied at a good level. If the elders of the house become ill, then they get cheap treatment. When the child becomes fit to work after studying, he gets a job on time. The women of the family also had some money in their hands till the end of the month. Finally, after taking out all the expenses, something should be added to the ‘Gullak’ (saving) kept in the corner of the house, so that the tinkle of this gulk gives him the courage to dream and fulfill them.
In the second general budget of the third term of the Modi government, these things have been taken care of. This time Finance Minister Nirmala Sitharaman has made some announcements for every member of the middle class family. In the budget, the head of the house has received the releiff in income tax, so women have been given economic strength. There have been many announcements for youth studies, jobs and startups. Many schemes have been brought for good schooling of children. The government has given relief for the income and treatment of the elderly. Women troubled by rising inflation have got some relief. Moreover, announcements have also been made to make its roof on the head of the middle class.
Let us understand what the ‘Gullak’ government of the Middle Class Family has put from the budget 2025:-
1. No tax at 12 lakhs now
Income tax payers have got a big relief in the budget of Finance Minister Nirmala Sitharaman. Now the employed people will not have to pay any tax on income of up to Rs 12.75 lakh annually on choosing a new tax regime. The government will directly waive under 87A under 87A on the income of Rs 5% on income of Rs 4-8 lakh and Rs 8-12 lakhs in New Tax Reseam. Apart from this, standard deduction of 75 thousand rupees will also be available. In this way, the total income of 12.75 lakh people will be tax free. New Income Tax Bill will be brought next week.
2. Tax exemption for the elderly
In this budget, the limit of exemption for the elderly has been doubled. Now the senior citizens will not have to pay any tax up to one lakh rupees, earlier this limit was 50 thousand rupees.
3. Youth in budget on youth
Special announcements have been made for the youth in the budget. New jobs were not announced, but the loan for startup will be increased from 10 crores to 20 crores. Finance Minister Nirmala Sitharaman said that funds will be arranged for startups with the government’s contribution of Rs 10,000 crore. There will also be a decrease in guarantee fees. Credit cards for small industries, 10 lakh cards will be issued first year.
4. Common man relief from inflation
The Modi government has given relief to the common man from inflation. Now items like mobile, TV, electric car, leather goods, clothes will be cheap. Because the government has removed cess from 82 goods. This will make mobile and TV cheap. In addition to affordable housing in 2025, 40 thousand units will be completed.
5. 2 schemes for women’s economic empowerment
A big announcement has been made for women in the general budget of FY 2025-26. Two new schemes have been announced for the economic empowerment of women of Scheduled Castes (SC) and Scheduled Tribes (ST). Under the first scheme, in the next 5 years, 5 lakh SC/ST Women Entroprainure will get a term loan for a period of 5 years. Under this scheme, in the next 5 years these entrepreneurs will be given a term loan (loan) of up to Rs 2 crore. This scheme will be made keeping in mind the things learned from the successful experiences of the ‘Stand-up India’ scheme. In the second scheme, 5 lakh SC/ST women who have entered the world of business will be assisted in the next five years. Apart from this, online training will be given to increase management skills.
6. Stuck housing projects will be completed
Finance Minister Nirmala Sitharaman announced that 50,000 houses have been completed under the Swamih scheme to complete the stuck housing projects. 40,000 more houses are expected to be built in 2025. Apart from this, 1 lakh more houses will be built in Swamih Fund 2 from Rs 15,000 crore.
7. Focus on innovation in children
In order to create a sense of curiosity and innovation among children, the government announced to build 50 thousand Atal Tinkering Lab in government schools in the next 5 years. Government will connect government middle schools to broadband connectivity under Bharat Net Project.
8. Seats will increase in medical college, additional infrastructure in IIT
In medical education, it has been announced to increase 10 thousand seats in the next 5 years. With this, every year 10 thousand new doctors will be formed in the country. Along with this, additional infrastructure will be prepared in five IITs. TCS will not be imposed on education loans up to Rs 10 lakh taken from certain financial institutions.
9. 36 Fully duty tax on life saving medicines ends
Finance Minister Nirmala Sitharaman said that the duty tax will be completely abolished on 36 life saving drugs (life saving drugs). Cancer Day Care Centers will be set up in all government hospitals. Treatment of cancer will be cheaper. Custom duty on 6 life saving medicines will be increased to 5 percent. The government will connect primary health centers to broadband connectivity under the Bharat Net Project.
10. Middle class family dreams of air travel flying
Flying the dream of air travel by the middle class family, the government has decided to connect 120 places with air connectivity in the next 10 years. This 4 crore passengers will benefit.