Finance Minister Nirmala Sitarman on Saturday announced several new measures and schemes as part of the Union Budget 2025. The second budget of the third term of the NDA government will expand broadband connectivity in government schools, and will strive to promote the construction of solar cells, grid-scales. Battery, and other products. The budget will also provide insurance coverage for about 1 crore gig workers, while under the PM Swanidhi Yojana, the loan limits will be increased with a new rupee. 30,000 credit cards linked to NPCI’s Integrated Payment Interface (UPI).
“The amendment of the government of the basic customs duty (BCD) will increase the domestic manufacturing, making us the ambitious $ 500 billion (about Rs. 43,32,500 crore) of Prime Minister Narendra Modi to reach the electronics manufacturing target. 10 percent to 20 percent, Combined with a 5 percent decrease in open cells and other LCD/LED components, an forward thinking policy is that will give a significant boost to a domestic manufacturing champion like Dixon, “Prabhu Ram, VP said. Industry Research Group (IRG), Cybermedia Research.
Counterpoint Research Director Tarun Pathak told Gadgets 360, “The Union Budget 2025 brings good news for the industry, including consumer electronics manufacturing sector. New cuts on BCD for important components means localization of parts like batteries and displays Will grow. “
Here are 5 things to know about the announcements related to major technology since Union Budget 2025.
- The government has announced five national centers of excellence for skilling, and a new center of excellence for AI in education will also be set up – there will be a outlay of rupee in the latter. According to Finance Minister, 500 crores. Meanwhile, the new infrastructure will be added to the IITs that were established after 2014, as part of the efforts to add 6,500 seats for students in new institutions.
- Broadband connectivity will be expanded to all secondary schools and primary health centers across the country under the Bharat Net Program. Meanwhile, more than 50,000 Atal Thinking Laboratories (ATL) will be established in the coming five years in government -run schools.
- A new deptack fund-off-funds are being detected by the government to promote research and development. Data of PM Gati Shakti initiative will also be shared with the private sector, while India trade net platform will be set up to facilitate international trade. According to the Finance Minister, India Post will be re -prepared to improve its logistics capabilities.
- The Make in India initiative will be expanded to include a new manufacturing mission that will create an ecosystem for local production of components such as grid-scale battery, solar photovoltaic (PV) cells and electrolyzers. The government has reduced the basic customs duty (BCD) on open cells and carrier-grade ethernet switch, while BCD on flat panel display has doubled from 10 percent to 20 percent.
- More than 1 crore gig workers will be eligible for e-score registration and an identity card, with the government funded insurance. The Finance Minister also announced a new UPI-Linked Credit Card with the use limit of the rupee. 30,000, as well as high loan limit for PM Swanidhi Yojana.
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