A truly progressive nation is one that ensures every segment of its society finds a voice and a place in its economic growth. In recent years, the Indian government has placed a strong emphasis on inclusive development, ensuring that no section—whether farmers, middle-class workers, entrepreneurs, or marginalized groups—is left behind. The Budget 2025-26 exemplifies this philosophy by offering a balanced approach that caters to diverse needs, bringing prosperity across various social and economic strata.
Farmers, who have long formed the backbone of India's economy, have often faced challenges such as unpredictable weather patterns, lack of access to modern technology, and fluctuating market prices. Recognizing this, the government has introduced the Prime Minister Dhan-Dhaanya Krishi Yojana, which targets 100 underperforming districts, offering technological and financial assistance to boost agricultural productivity. The enhanced Kisan Credit Card (KCC) loan limit of ₹5 lakh ensures that farmers have access to immediate financial support without falling into debt traps. Additionally, the newly proposed Makhana Board in Bihar is a testament to how even niche farming sectors are being uplifted, offering increased market opportunities to thousands of rural families engaged in makhana cultivation.
The middle class, which often finds itself burdened by economic pressures despite being the main driver of consumption and economic growth, has also received a significant boost. The government’s move to raise the tax exemption limit to ₹12 lakh under the new tax regime provides substantial relief to salaried individuals and small business owners alike. With inflationary pressures being a concern, targeted subsidies on essential commodities and tax deductions on housing loans further enhance their financial security. These measures collectively ensure that disposable income increases, fueling domestic demand and economic expansion.
Women, who have historically been underrepresented in economic decision-making, are another focus of this year’s budget. Recognizing their potential as entrepreneurs and contributors to national development, the government has introduced a ₹2 crore loan scheme for first-time women entrepreneurs, particularly benefiting those from marginalized backgrounds. The initiative aims to provide financial independence and encourage women-led startups, thereby fostering self-reliance and employment generation.
Micro, Small, and Medium Enterprises (MSMEs), which contribute 30% to GDP and 45% to exports, have been given a much-needed push through an increase in the Credit Guarantee Cover from ₹5 crore to ₹10 crore, unlocking additional credit worth ₹1.5 lakh crore over five years. The introduction of customized credit cards with a ₹5 lakh limit for micro enterprises ensures that smaller businesses, particularly in the rural and semi-urban areas, have the necessary liquidity to sustain and scale their operations. This move is expected to generate employment for millions and strengthen India's domestic supply chains.
Another key area of focus has been India’s youth, who form 65% of the population and represent the country's future. The expansion of 50,000 Atal Tinkering Labs in government schools is a crucial step towards preparing the younger generation for careers in artificial intelligence, blockchain, and other emerging technologies. Moreover, the allocation of ₹20,000 crore for research and development reinforces the government’s commitment to innovation, ensuring that India becomes a global hub for deep technology, artificial intelligence, and smart manufacturing.
Infrastructure, too, has not been overlooked. The introduction of the ₹1 lakh crore Urban Challenge Fund is expected to transform cities into economic powerhouses by improving housing, public transport, and sanitation services. Additionally, the extension of the Jal Jeevan Mission until 2028 ensures that 100% of rural households have access to clean drinking water, addressing a crucial aspect of public health.
Even gig workers and platform economy employees—many of whom have remained outside the traditional safety nets—have been brought under the social security framework. The e-Shram portal registration initiative will ensure that gig workers receive health benefits under the PM Jan Arogya Yojana, giving them much-needed protection in the rapidly changing job market. This measure alone is expected to positively impact over 1 crore gig workers in sectors such as food delivery, ride-sharing, and e-commerce.
The Budget 2025-26 is a reflection of a government that is acutely aware of the diverse challenges faced by its citizens. By ensuring that no segment is ignored—be it farmers, salaried employees, entrepreneurs, women, youth, or informal workers—it builds a solid foundation for inclusive economic growth. This year’s budget is not just about numbers; it is about recognizing aspirations and providing opportunities for all, ensuring that the vision of Viksit Bharat is realized in an equitable and sustainable manner.
The writer is a BJP leader, Author and expert on economic matters. Views are personal.
