Government will provide assistance to National Cooperative Development Corporation for loan operations: Finance Minister
New Delhi:
Finance Minister Nirmala Sitharaman presented the general budget 2025-26 on Saturday. Inaugurating the budget speech, the Finance Minister said that this budget will increase the ability of the common man to spend. Apart from this, he said that the aim of the budget is to increase the growth rate of the country’s economy, ensure inclusive growth and increase private sector investment, raise home spirit and increase the ability to spend the middle class by increasing. The Finance Minister said that in the budget 2025, 10 broad areas have been included, focusing on poor, youth, food donors and women. Agriculture, MSME, investment and export development are engines. “
In the budget, the Limit of Kisan Credit Card (KCC) has been increased from Rs 3 lakh to Rs 5 lakh by the Finance Minister. This will help farmers to get cheaper loans. Earlier, the Economic Survey 2024-25 was presented in Parliament by the Finance Minister on Friday. The survey stated that India’s GDP may increase at a rate of 6.3-6.8 percent in FY 2025-26 amid global uncertainty. According to the Economic Survey, inflation is under control. The average inflation has come down to 4.9 in the period of April 25 of FY 25, which was 5.4 percent in FY 24.
The survey said that active policy intervention of the government has been important in stabilizing inflation. These measures include strengthening buffer stocks for essential foods, releasing goods from time to time and efforts to make imports easier during lack of supply. Despite the challenges, there are positive signs for inflation management in India. The Reserve Bank of India and the International Monetary Fund (IMF) estimate that India’s retail inflation will gradually be gradually in accordance with the target of about 4 percent in FY 2026.
