New Delhi, Mar 5
Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, addressed a post-budget webinar on the theme “Regulatory, Investment, And Ease Of Doing Business (EODB) Reforms” organized by the Department of Financial Services. The Finance Minister emphasized that the government is committed to encouraging global economic partnerships, leveraging technology to strengthen traditional sectors, and enhancing India’s export potential.
Key Announcements:
- The government remains committed to ensuring the timely implementation of all budget announcements for 2025-26.
- MUDRA loan limit under the Tarun category has been increased from Rs 10 lakh to Rs 20 lakh.
- The new MSME Credit assessment model is being extended by 11 Public Sector Banks to existing customers and by 7 banks to new ones.
- 21 new SIDBI branches opened in MSME clusters during 2024-25.
- The PM Internship scheme has created over 1.25 lakh internship opportunities in top companies.
Regulatory Reforms and Ease of Doing Business:
- Jan Vishwas Bill 2.0 to decriminalize more than 100 provisions in various laws.
- The government has removed over 42,000 compliances and decriminalized over 3,700 legal provisions since 2014.
- A robust manufacturing sector free from unnecessary regulatory bottlenecks will attract domestic and foreign investments.
Capital Expenditure and Growth:
- Total effective capex for 2025-26: Rs 15.48 lakh crore (4.3% of GDP).
- Core capital expenditure by the Centre: Rs 11.21 lakh crore (3.1% of GDP).
Webinar Highlights:
The webinar featured key stakeholders from the Finance Department, Industry Policy, Internal Trade, Corporate Affairs, Public Sector Banks, Insurance Companies, SIDBI, NABARD, and industry associations. Various inputs received during discussions will be incorporated to ensure smooth policy implementation.
The thematic breakout sessions covered:
- Making India Investment Friendly
- Ease of Access to Financial Services/Credit
- Rationalization of Legal & Regulatory Compliances
(Source: PIB)
