FM Unveils Major Initiatives for Bihar in 2025 Union Budget
ECONOMY & POLICY

FM Unveils Major Initiatives for Bihar in 2025 Union Budget

In her eighth consecutive budget presentation in Parliament, Union Finance Minister Nirmala Sitharaman laid out a roadmap for achieving "Sabka Vikas" by ensuring inclusive growth across all regions of India. Emphasising the country’s strong economic trajectory, she highlighted India's position as the fastest-growing economy among major nations. Sitharaman underscored the government’s commitment to harnessing the potential of each region, especially as the nation heads into the next five years of growth opportunities.

The finance minister also dedicated several key initiatives aimed at boosting Bihar’s development, with the state set to head to the polls later this year. Here are the major announcements for Bihar in the 2025 Union Budget:
National Institute of Food Technology: A new institute will be established in Bihar to enhance food processing capabilities in Eastern India, which is expected to significantly boost local industries.
Makhana Board: To support the cultivation and commercialization of Makhana, a dedicated Makhana Board will be set up. The Board will focus on improving production, processing, and marketing while also training farmers and organizing them into Farmer Producer Organizations (FPOs) for better access to government schemes.
Expansion of IITs: Bihar will see an expansion in its education infrastructure with additional resources allocated to five IITs, including an expansion of IIT Patna to further develop technical education in the state.
UDAN Scheme 2.0 for Regional Connectivity: Building on the success of the UDAN scheme, the government will launch a modified version aimed at boosting regional air connectivity. This initiative will connect 120 new destinations, carry an additional 4 crore passengers over the next decade, and provide financial support for the development of smaller airports, including greenfield airports in Bihar. Additionally, the capacity of Patna and Bihta airports will be increased to meet future demand.
Support for Farmers: Financial backing will be provided for the Western Kosi Canal ERM project, aimed at improving irrigation and benefiting a large number of farmers in the Mithilanchal region.

In her eighth consecutive budget presentation in Parliament, Union Finance Minister Nirmala Sitharaman laid out a roadmap for achieving Sabka Vikas by ensuring inclusive growth across all regions of India. Emphasising the country’s strong economic trajectory, she highlighted India's position as the fastest-growing economy among major nations. Sitharaman underscored the government’s commitment to harnessing the potential of each region, especially as the nation heads into the next five years of growth opportunities.The finance minister also dedicated several key initiatives aimed at boosting Bihar’s development, with the state set to head to the polls later this year. Here are the major announcements for Bihar in the 2025 Union Budget:• National Institute of Food Technology: A new institute will be established in Bihar to enhance food processing capabilities in Eastern India, which is expected to significantly boost local industries.• Makhana Board: To support the cultivation and commercialization of Makhana, a dedicated Makhana Board will be set up. The Board will focus on improving production, processing, and marketing while also training farmers and organizing them into Farmer Producer Organizations (FPOs) for better access to government schemes.• Expansion of IITs: Bihar will see an expansion in its education infrastructure with additional resources allocated to five IITs, including an expansion of IIT Patna to further develop technical education in the state.• UDAN Scheme 2.0 for Regional Connectivity: Building on the success of the UDAN scheme, the government will launch a modified version aimed at boosting regional air connectivity. This initiative will connect 120 new destinations, carry an additional 4 crore passengers over the next decade, and provide financial support for the development of smaller airports, including greenfield airports in Bihar. Additionally, the capacity of Patna and Bihta airports will be increased to meet future demand.• Support for Farmers: Financial backing will be provided for the Western Kosi Canal ERM project, aimed at improving irrigation and benefiting a large number of farmers in the Mithilanchal region.

Next Story
Infrastructure Urban

Budget 2025: Key Highlights

On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2025-26 in Parliament. This marks the eighth budget by Sitharaman, making her the first finance minister in India’s history to present so many budgets. It is also the first budget of Prime Minister Narendra Modi’s third term.Sitharaman emphasised that the budget focuses on driving growth towards a “Viksit Bharat” (Developed India), with the country maintaining its position as the fastest-growing major economy. She outlined the government’s commitment to inclusive development, im..

Next Story
Infrastructure Urban

Budget 2025-26: Industry reactions

Union Finance Minister, Nirmala Sitharaman announced Budget 2025-26 today. The government has planned a number of strategic initiatives which will drive inclusive growth, boost economic growth and provide an impetus to to India’s competitive edge on the global stage.Here’s what industry has to say about various announcements and initiatives announced in the budget:Real Estate“The Union Budget 2025 is a game-changer, reinforcing India's commitment to inclusive and sustainable urban growth. The SWAMIH Fund 2 with Rs 15,000 crore will accelerate the completion of stalled housing projects, b..

Next Story
Infrastructure Urban

Budget 2025: Key Announcements Impacting Real Estate

Key takeaways for the real estate sector include:• Income tax relief for the middle class: The finance minister announced zero income tax for individuals earning up to Rs 12 lakh annually, providing a major consumption boost. This move is also expected to strengthen demand for affordable housing. Additionally, the new income tax bill will retain nearly 50 per cent of existing provisions while introducing personal tax reforms and rationalising TDS and TCS regimes by streamlining rates and thresholds.• Tax benefits for residential property investors: Investors can now claim nil valuation for..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000