Today’s ViksitBharatBudget2025 brings with it a new energy that will fuel Assam’s growth trajectory, provide a new thrust for our entrepreneurs, strengthen our Kisan and plantation economy and fulfil the aspirations of the middle class.
There are 7 outstanding developments for Assam
- The announcement of a 12 lakh MT Urea factory in Namrup, will be the next big game changer for the State, after the Jagiroad Semiconductor facility. The approximately ₹10,000 cr investment will allow Assam to channelise its natural gas resources into fertiliser manufacturing and help reduce India’s dependency on import of this key agricultural input. Needless to say, this factory also brings with it a significant number of jobs and export potential to the State.
- The Budget has an allocation of ₹1.5 lakh cr in the form of 50 year interest free loans towards infrastructure development in States. This facility along with the enhanced devolution totalling to 44,494 cr will help accelerate and augment ongoing welfare works.
- The Union Budget has sent a clear message that establishes our micro enterprises and entrepreneurs as the growth engine of the nation’s economy. This policy direction is in line with Assam’s flagship focus on boosting entrepreneurship through schemes such as CM Atmanirbhar Asom Abhijan and Mahila Udyamita Asoni. The revision in classification of turnover and investment of MSMEs will provide a huge fillip to the backbone of Assam’s economy by opening up more job opportunities and avenues to raise capital.
- The 5 lakh to 2 cr support to first time women, SC and ST entrepreneurs, the enhanced credit guarantee coverage and dedicated credit card for micro enterprises are some of the exceptional policies announced today. The Gramin Credit Score framework will also helps serve the credit needs of Assam’s vast SHG network compromising of over 30 lakh women.
- The income tax exemption upto 12 lakh is excellent news for middle class homes in Assam and across the country. This brings more money into the hands of our people, boost their savings and help grow the economy.
- The Union Budget envisages adding 75,000 MBBS seats in the next 5 years. This again complements Assam’s own target of building 24 medical colleges by 2030.
- The increased allocation under the National Disaster Relief Fund to 12,048 cr and the National Disaster Mitigation Fund to ₹3,102 cr from ₹2,300 cr will significantly help in boosting Assam’s efforts while dealing with disasters like floods. The enhanced allocation for NEEPCO from 1387cr to ₹2300cr will also aid in boosting energy availability in the State, which will power up our plans for a Viksit Bharat.
The Union Budget has also made provisions to harness the strength of India’s demographic dividend through some out-of-the box measures on skilling, innovation, digitising Indian languages and expanding the number of Atal Tinkering labs. The ₹50 lakh cr Union Budget 2025 comes with a record 15.5 lakh crore capitalexpenditure provision that will give a new momentum to India’s overall growth trajectory grounded in inclusive development.
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