Budget 2025: Presenting his eighth consecutive budget, the minister said India Post will be transformed into a large public logistics organisation with 1.5 lakh rural post offices.
Budget 2025: Finance Minister Nirmala Sitharaman on Saturday said the government plans to transform the Indian Postal Department into a large logistics organization with 1.5 lakh rural post offices. Presenting her eighth consecutive budget, the minister said that the Indian Post will be transformed into a large public logistics organization with 1.5 lakh rural post offices, which will become a catalyst for the rural economy. She also announced the government’s plan to set up a 12.7 lakh tonne capacity urea plant in Assam. Apart from this, the Finance Minister talked about increasing the investment and turnover limit.
What is the detail?
Sitharaman said that MSMEs (micro, small and medium enterprises) with quality products have a 45 percent share in our exports. Presenting the 14th consecutive budget of the Prime Minister Narendra Modi-led government since 2014, the Finance Minister said that the government will increase the credit guarantee cover for MSMEs to improve credit access. Regarding the rural economy, Sitharaman said that the Center will provide assistance to the National Cooperative Development Corporation for credit operations.
Finance Minister is presenting the 8th consecutive budget
Let us tell you that Finance Minister Nirmala Sitharaman has once again presented her eighth budget through a digital tablet wrapped in a traditional ‘bahi-khata’ style bag. In 2021, affected by the global pandemic, she used a digital tablet instead of traditional papers to carry her speech and other budget documents. This budget is the 14th consecutive budget under the Narendra Modi government since 2014, including two interim budgets presented before the general elections in 2019 and 2024.
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