New Delhi: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman chairs the eighth pre-budget consultation in New Delhi, on Jan. 6, 2025.
With Budget FY2025-26 scheduled to be presented on February 1, here is a look at some of the recently launched schemes, older schemes with significantly reduced funding, schemes under the Production Linked Incentive (PLI) umbrella, and those promoting electric mobility in India.
Table 1 shows a select list of recently launched schemes and their allocations.
It includes the scheme for installing solar rooftops which was launched in 2024 and allocated ₹6,250 crore in FY25(BE). Other schemes are the Rashtriya Gram Swaraj Abhiyan to re-imagine panchayati raj institutions, the scheme to upgrade Industrial Training Institute (ITIs) and the controversial PM Vishwakarma scheme, which aims to nurture the guru-shishya parampara or family-based practice of traditional skills. Schemes with the goal of promoting AI in India such as the INDIA AI mission and Centres of Excellence for AI are also a part of the list.
Table 2 shows a select list of older schemes, allocations for which have significantly reduced over the years.
Major schemes include the Regional Connectivity Scheme, from unserved and underserved airports, and the Smart Cities Mission to enhance the quality of life in 100 cities. The promotion of the digital payments scheme did not get any allocation in the last Budget. Other schemes include Digital India and Startup India.
Table 3 shows the complete list of schemes which come under the Production-Linked Incentive (PLI) umbrella.
The largest of them is the successful electronics and IT hardware scheme, with the most recent allocation touching ₹6,200 crore.
Table 4 shows the list of schemes which promote electric mobility, with the FAME scheme being the biggest in terms of allocations.
Source: Union Budget documents
Published – January 31, 2025 07:00 am IST
