Chandrajit Banerjee | FM lays down a transformative blueprint for India’s growth
1 month, 3 weeks ago

Chandrajit Banerjee | FM lays down a transformative blueprint for India’s growth

Deccan Chronicle  

The Union Budget 2025-26, unveiled by finance minister Nirmala Sitharaman, adeptly navigates the imperative of addressing immediate economic priorities while charting a path towards India’s long-term aspiration of becoming a developed nation by 2047. Other major infrastructure initiatives include the extension of the Jal Jeevan Mission, the creation of an Urban Challenge Fund, the launch of a Nuclear Energy Mission, a modified UDAN scheme to enhance regional air connectivity, the revamp of the shipbuilding financial assistance policy and establishment of a Maritime Development Fund to drive growth in inland waterways and ports. Initiatives such as the Deep Tech Fund of Funds, aimed at supporting next generation startups, expansion of the PM Research Fellowship scheme for research in IITs and IISCs and establishment of a National Digital Repository of Indian knowledge systems for knowledge-sharing will not only spur technological progress but also create high-value employment opportunities, thereby strengthening India’s position as a global innovation hub. For MSMEs and startups, the government has introduced tailored measures, including enhanced credit cover and customised credit cards for micro enterprises registered on the Udyam portal, export promotion initiatives to help MSMEs tackle non-tariff barriers, and a Rs 10,000 crore Fund of Funds for Startups for catalysing entrepreneurial growth.

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