Synopsis
Haryana Chief Minister Nayab Saini appreciates the Union Budget 2025-26, attributing it as a catalyst for national development and a key element for Haryana's self-reliance. He emphasizes the benefits for farmers, women, and youth, fostering growth and empowerment across various sectors.Key Takeaways
- Union Budget 2025-26 aims to enhance national development.
- Increased Kisan Credit Card loan limits from Rs 3 lakh to Rs 5 lakh.
- Priority for 100 districts in Dhan Dhanya Krishi Yojana.
- Tax exemption on incomes up to Rs 12 lakh will benefit millions.
- Special initiatives for small industries and the textile sector.
Chandigarh, Feb 1 (NationPress) Haryana Chief Minister Nayab Saini on Saturday conveyed his appreciation to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for the Union Budget 2025-26, stating that it will deliver a fresh impetus to the nation's development and significantly contribute to the state's journey towards self-reliance.
The Chief Minister emphasized that the Budget is structured to benefit all societal segments. Haryana stands to gain from the Budget's provisions, which are set to facilitate ongoing progress and advancement within the state.
Characterizing the Budget as a solid groundwork for a Viksit Bharat, CM Saini pointed out that it will further empower the youth, the underprivileged, women, and farmers.
He noted that the Modi administration has recognized these four demographics as the cornerstones of a developed India.
With Prime Minister Modi's pledge to evolve the country into a developed nation by 2047, this Budget will considerably expedite the journey towards achieving that aspiration.
CM Saini highlighted that the Budget encompasses numerous significant announcements for farmers.
The loan ceiling for the Kisan Credit Card has been augmented from Rs 3 lakh to Rs 5 lakh. Additionally, 100 districts with low agricultural productivity will receive priority under the Dhan Dhanya Krishi Yojana.
Given that Haryana is primarily an agriculture-driven state, the Chief Minister stated that the state will reap substantial benefits from this Budget.
He described it as a critical advancement towards enhancing farmers' living conditions and fortifying the agricultural domain.
Moreover, the loan guarantee cover for the Micro, Small and Medium Enterprises sector has been elevated from Rs 5 crore to Rs 10 crore, offering increased assistance to small industries.
The focus will also shift towards boosting the production of pulses such as masoor and tur over the forthcoming six years.
The Chief Minister asserted that the tax exemption on incomes up to Rs 12 lakh will directly benefit millions nationwide.
The Budget introduces a five-year initiative aimed at enhancing cotton production, thereby reinforcing the country's textile sector.
Additionally, a Makhana Board will be established in Bihar, offering advantages to small farmers and traders.
Special credit cards will be launched for small industries, with 10 lakh cards planned for issuance in the inaugural year. Furthermore, a unique scheme for the toy industry will be initiated under the 'Make in India' initiative.
