Mumbai: BJP MP Anurag Thakur on Monday praised the Union Budget 2025-26, calling it a “roadmap for development” that will help realise Prime Minister Narendra Modi’s vision of a ‘Viksit Bharat’ by 2047.
Thakur highlighted the Modi government’s achievement of lifting 25 crore Indians out of multidimensional poverty, a significant step toward achieving the Sustainable Development Goal (SDG) target of reducing multidimensional poverty by at least half by 2030.
Speaking at a press conference in Jammu, Thakur outlined key provisions of the budget that benefit various sectors, including the middle class, MSMEs, farmers, and startups.
Tax Relief for Middle Class
Thakur underscored the significant tax exemption for the middle class, noting, “Narendra Modi ji has made income up to twelve lakh rupees tax-free. Earlier, under Congress rule, tax was levied on income above two lakh rupees. The Modi government has increased the exemption limit from two lakh to twelve lakh.”
Boost for Small Businesses
For small businesses, the investment limit for micro-enterprises has increased from one crore to two and a half crore, while turnover limits have doubled from five crore to ten crore. Similarly, investment for small enterprises has been raised from ten crore to twenty-five crore, and for medium enterprises, from fifty crore to one hundred twenty-five crore.
Support for Farmers
Thakur highlighted relief measures for farmers, including enhancements to the Kisan Credit Card scheme. “The loan limit has been increased from three lakh to five lakh rupees. If farmers repay on time, they receive an interest subvention of four per cent, bringing their effective interest rate down to three per cent. In some BJP-ruled states, it even goes to zero,” he added.
Healthcare Sector Reforms
Thakur also mentioned the government’s decision to waive customs duty on 36 life-saving drugs. “Customs duty on these medicines has been reduced to zero, and concessional duty has been set at six per cent,” he said.
Strengthening the Startup Ecosystem
India now has over 1.5 lakh startups and 117 unicorns, making it the third-largest startup ecosystem globally. “To boost this sector further, credit-guarantee cover has been doubled from ten crore to twenty crore,” Thakur stated.
Thakur emphasized that the Modi government has consistently delivered on its promises, ensuring welfare for the poor, workers, women, youth, and farmers. The Union Budget 2025-26, he asserted, will be instrumental in taking India towards a developed future.
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