1. Chemical Parks (Plug-and-Play Model)
Announcement of new chemical parks with a plug-and-play infrastructure model to accelerate industrial setup and investment.

2. Infrastructure Equipment Manufacturing Scheme
A new scheme announced to promote domestic manufacturing of infrastructure equipment such as machinery for multi-storey buildings, tunnels, and large construction projects. This is expected to give a strong boost to infrastructure expenditure.

3. Container Manufacturing Ecosystem
An allocation of ₹10,000 crore provided to develop a complete container manufacturing ecosystem, strengthening logistics and supply chains.

4. New Textile Expansion Scheme
A new scheme announced to support expansion and growth in the textile sector.

5. Corporate Mitras Scheme
Launch of a new “Corporate Mitras” scheme for professional courses, to be implemented by professional bodies like ICAI, ICSI, and others.

6. Loan-Linked Capital Subsidy for Veterinary Sector
Announcement of a loan-linked capital subsidy scheme to promote the veterinary sector, aimed at strengthening animal healthcare infrastructure and allied services.

7. Carbon Capture and Utilisation (CCU) Scheme
An outlay of ₹20,000 crore proposed for the launch of a Carbon Capture and Utilisation (CCU) scheme across key sectors such as steel, cement, refineries, and chemicals, to support decarbonisation and sustainable industrial growth.

8. High-Level Committee on Banking for Viksit Bharat
Union Finance Minister Nirmala Sitharaman proposed the setting up of a High-Level Committee on Banking for Viksit Bharat to undertake a comprehensive review of the banking sector and recommend reforms aligned with long-term economic goals.

9. Restructuring of PFC and REC Limited
A proposal has been laid to restructure Power Finance Corporation (PFC) and REC Limited (formerly Rural Electrification Corporation), two premier state-owned NBFCs under the Ministry of Power, to enhance efficiency and support power-sector financing.

10. Credit Linked Subsidy Program – Animal Husbandry Sector
The Government has announced that a Credit Linked Subsidy Program (CLSP) for the Animal Husbandry sector is proposed to be launched.

Objective: Improve access to institutional finance, reduce credit cost, and promote livestock-based entrepreneurship.

11. Agriculture Sector Boost – Coconut & Cashew Promotion

• Coconut Promotion Scheme will be introduced to increase coconut production in major coconut-producing states.
• Dedicated Cashew and Coconut Production Programme will be launched to strengthen productivity, value addition, and farmer income.

12. Bharat Vistar – A Multi-Language AI Tool for Agriculture Sector

The Government has announced “Bharat Vistar”, a multi-language AI-based digital tool, aimed at promoting and strengthening the agriculture sector across India.

Key Intent & Coverage:

• AI-powered advisory & information dissemination
• Multi-language access to reach farmers in regional languages
• Support for agriculture & allied sectors (including animal husbandry, horticulture, fisheries, etc.)
• Improving last-mile connectivity, awareness, and adoption of government schemes & best practices.

13. Expansion of National Waterways
The Government plans to operationalise 20 new National Waterways over the next five years, strengthening inland water transport and reducing logistics cost.

14. Waterways Skill Development
Existing training institutes will be upgraded and developed as Regional Institutes of Excellence in the Waterways Sector, focusing on skilled manpower for inland navigation and logistics.

15. Inland Ship Repair Ecosystem
A dedicated ship repair ecosystem for inland waterways will be established in Varanasi and Patna, supporting vessel maintenance, employment generation, and regional industrial growth.

16. Coastal Cargo Scheme
The Government will launch a Coastal Cargo Scheme to increase the share of coastal shipping and inland waterways in India’s freight movement, easing pressure on road and rail networks.

17. Seaplane Manufacturing & Last-Mile Connectivity
To enhance last-mile and remote area connectivity, policy support will be provided for manufacturing of seaplanes, enabling access to difficult geographies and island/coastal regions.

18. Capital Expenditure for FY27
For the Financial Year 2026–27 (FY27), the Government has allocated ₹12.2 lakh crore towards Capital Expenditure, reaffirming its strong push for infrastructure development, manufacturing growth, logistics, and employment generation.

Key Impact Areas:

• Infrastructure & logistics
• Manufacturing & industrial corridors
• Railways, roads, ports & waterways
• Urban development & housing
• Multiplier effect on private investment and job creation

19. Public Capital Expenditure Allocation
Public Capital Expenditure has been significantly enhanced to ₹11 lakh crore in the Budget Estimates (BE) 2026–27, underlining the Government’s continued focus on infrastructure-led economic growth.

Key Focus Areas:

• Roads, railways, ports & waterways
• Urban infrastructure & housing
• Power & renewable energy
• Logistics & industrial infrastructure
• Crowd-in of private investment

20. Union Budget 2026 – MSME & Digital Finance Reforms

GeM–TReDS Integration
Finance Minister Smt. Nirmala Sitharaman has proposed to integrate GeM (Government e-Marketplace) with TReDS (Trade Receivables Discounting System) for seamless information sharing.

Objective & Benefits:
✔ Faster invoice verification and payment cycles
✔ Improved liquidity for MSMEs supplying to Government entities
✔ Reduced credit risk and better transparency
✔ Strengthening of digital public financial infrastructure

Introduction of TReDS Receivables as Asset-Backed Securities

The Government has also proposed to enable TReDS receivables to be treated as Asset-Backed Securities (ABS).

Expected Impact:
✔ Unlocking additional liquidity in the financial system
✔ Attracting institutional investors
✔ Lower cost of financing for MSMEs
✔ Deepening the secondary market for MSME receivables

21. Union Budget 2026 – MSME, Textile & Rural Economy Highlights

1️⃣ Self-Reliant India (SRI) Fund – Support to Micro Enterprises
The Self-Reliant India Fund has been allocated ₹2,000 crore to continue and strengthen support for micro enterprises, enhancing equity financing and growth capital access for MSMEs.

2️⃣ Textile Sector Expansion & Employment Generation

The Government has announced a Textile Expansion and Employment Scheme aimed at modernising textile clusters, improving productivity, competitiveness, and job creation.

3️⃣ SAMARTH 2.0 – Skill Development in Textiles

SAMARTH 2.0 will be launched to promote skill development in the textile sector, focusing on industry-aligned training and employability.

4️⃣ Mega Textile Parks – Challenge Mode

The Government proposes to set up Mega Textile Parks in “Challenge Mode”, encouraging competitive selection, private participation, and world-class textile infrastructure.

5️⃣ Mahatma Gandhi Gram Samaj Initiative

A new Mahatma Gandhi Gram Samaj Initiative will be launched to support Khadi, handicrafts, and rural artisans, strengthening village-based industries and traditional livelihoods.

22. Union Budget 2026 – India Semiconductor Mission 2.0

India Semiconductor Mission (ISM) 2.0 has been announced with a strong push towards industry-led innovation, capacity building, and supply-chain resilience.

Key Focus Areas:
✔ Establishment of industry-led research and training centres for semiconductors
✔ Stronger collaboration between industry, academia, and research institutions
✔ Development of skilled manpower across the semiconductor value chain

Enhanced Financial Outlay:
➡️ The Government has proposed to increase the outlay to ₹40,000 crore, aiming to capitalise on the momentum created under the Semiconductor Mission and attract global investments.

Support to Mineral-Rich States:
➡️ Targeted support will be extended to mineral-rich states including Odisha, Kerala, Andhra Pradesh, and Tamil Nadu, strengthening raw material availability and upstream supply chains critical for semiconductor manufacturing.

23. Foreign Asset Disclosure Scheme (FADS)
The Government has proposed a Foreign Asset Disclosure Scheme to encourage voluntary declaration of undisclosed foreign assets.

Key Objectives:

1. Promote tax compliance and transparency
2. Provide an opportunity for voluntary disclosure
3. Broaden the tax base and improve reporting of overseas assets
4. Strengthen enforcement under anti–black money laws

Expected Framework (Indicative):

• One-time disclosure window
• Payment of applicable tax, interest, and penalty
• Immunity from certain penal proceedings upon compliance (subject to scheme conditions).

24. Income Tax Compliance & Filing Updates

1️⃣ Extended Time to Revise Returns
The Government has proposed to extend the time period for revision of Income Tax Returns, with the provision of payment of a nominal fee, enabling taxpayers to correct genuine errors and improve voluntary compliance.

2️⃣ Due Dates for Filing of Income Tax Returns

✔ Individuals filing ITR-1 and ITR-2
→ Filing due date to continue as 31st July

✔ Non-audit business cases & Trusts
→ Filing due date extended to 31st August

These changes aim to reduce compliance pressure and improve return filing efficiency.

3️⃣ TDS on Sale of Immovable Property by NRI

For sale of immovable property by an NRI, TDS will now be deducted by the resident buyer
➡️ Earlier requirement of obtaining TAN has been relaxed/removed, simplifying the compliance process.

25. INCOME TAX & DIRECT TAXATION

• More time to revise Income Tax Returns with payment of a nominal fee
• ITR-1 & ITR-2 filing due date to continue as 31 July
• Non-audit business cases & Trusts allowed to file returns till 31 August
• Taxpayers can update returns even after reassessment proceedings are completed
• Proposal to rationalise prosecution framework under the Income Tax Act

TAXATION & COMPLIANCE

• TDS on sale of immovable property by NRI to be deducted by resident buyer
• Inter-cooperative society dividend income allowed as deduction under new tax regime
• IT services safe harbour threshold increased to ₹2,000 crore (from ₹300 crore)
• IT services consolidated under single category with 15.5% safe harbour margin

CORPORATE & MSME

• Corporate Mitras’ to assist MSMEs in regulatory compliance
• PFC & REC to be restructured
• Tax holiday till 2047 for foreign firms providing cloud services by setting up data centres in India
• Buyback tax to be treated as capital gains for all shareholders

BANKING & INSURANCE

• High-level committee on banking for Viksit Bharat
• ₹2,000 crore top-up for Self-Reliant India Fund

SOCIAL WELFARE

• 25 crore people lifted out of multi-dimensional poverty in last 10 years

REVENUE, DEFICIT & MACRO ECONOMY

• ₹1.4 lakh crore to States as Finance Commission grants
• Debt-to-GDP at 55.6% (FY27) vs 56.1% (FY26)
• Fiscal deficit estimated at 4.3% of GDP for FY27

AGRICULTURE & FARMERS

• Targeted efforts to increase farmer income
• Development of 500 reservoirs for farmers
• Credit-linked subsidy programme for Animal Husbandry
• Dedicated programme for Indian cashew & cocoa

EDUCATION

• STEM education focus on girl students

HEALTHCARE & BIOPHARMA

• ₹10,000 crore – Biopharma Shakti for 5 years
• Network of 1,000 accredited clinical trial sites
• Medical hubs for AYUSH, diagnostics & post-care rehabilitation

RAILWAYS & TRANSPORT

• 7 high-speed rail corridors as growth connectors
• 20 new National Waterways over next 5 years

GROWTH & SME SUPPORT

• ₹10,000 crore proposed to boost SME growth

INFRASTRUCTURE

• Hi-tech tool rooms for advanced materials
• Continued focus on Tier-2 & Tier-3 cities
• New East Coast Development Corridor announced

MARKETS & FINANCIAL REFORMS

• Market-making framework to promote corporate bonds
• Comprehensive review of FEMA framework
• Foreign investors allowed to buy Indian stocks directly

ECONOMY & CAPEX

• Capital Expenditure set at ₹12.2 lakh crore for FY27
• Government to control borrowings and move towards lower deficits

LABOUR & TEXTILES

• Textile expansion & employment scheme to modernise clusters
• Self-help entrepreneur marts as community-owned retail outlets

WOMEN DEVELOPMENT

• SHE (Self-Help Entrepreneur) Marts to support women entrepreneurship

RURAL INDIA

• Mahatma Gandhi Gram Samaj Initiative for Khadi & handicrafts

MAKE IN INDIA & INDUSTRY

• Scaling manufacturing in 7 strategic sectors
• ₹10,000 crore container manufacturing scheme
• Scheme to revive 200 legacy industry clusters

TECHNOLOGY & INNOVATION

• Committee to review impact of AI on services sector
• ₹40,000 crore – India Semiconductor Mission 2.0

TOURISM & HOSPITALITY

• 1.5 lakh caregivers to be trained
• Medical value tourism hubs
• Tourism as major driver of employment & forex earnings
• National Institute of Hospitality to be established..

26. Tax on Share Buyback
The Government has proposed that tax on share buyback will be treated as capital gains in the hands of all types of shareholders.
➡️ This brings uniformity and clarity in taxation of buyback transactions.

27. Customs Duty Exemption – Cancer Drugs
To make cancer treatment more affordable, the Government has announced exemption from customs duty on 17 life-saving cancer drugs.
➡️ This measure aims to reduce treatment costs and improve access to critical medicines.

28. Reduction in Final Tax Rate (MAT-linked)
The Government has proposed to reduce the rate of final tax to 14% from the current Minimum Alternate Tax (MAT) rate of 15%.

Objective & Impact:
✔ Lower effective tax burden on companies
✔ Improve ease of doing business
✔ Enhance corporate profitability and cash flows
✔ Support investment and expansion decisions

29. New Tax Regime (Section 115BAC) – Quick Tips (AY 2026–27)

Who it applies to: Individuals, HUFs, AOPs/BOIs (non-cooperative), and artificial juridical persons.

Default rates: Slabs from ₹4L – ₹24L+ (0% → 30%).

Key Slabs:

Up to ₹4L → Nil

₹4–8L → 5%

₹8–12L → 10%

₹12–16L → 15%

₹16–20L → 20%

₹20–24L → 25%

Above ₹24L → 30%

Surcharge:

₹50L – ₹1 Cr → 10%

₹1 Cr – ₹2 Cr → 15%

Includes: Dividend income & capital gains (Sections 111A, 112, 112A).

Option to switch: Taxpayer can opt out under Section 115BAC(6).

Health & Education Cess: 4% on total tax.

Tip: Middle-income taxpayers often benefit, especially if claiming few deductions.

30. FAST-DS 2026 – Foreign Asset Disclosure Scheme (Small Taxpayers)

Purpose:
✔ Enable voluntary disclosure of undisclosed foreign assets & income for small taxpayers
✔ Provide limited immunity from penalty & prosecution under the Black Money Act
✔ Resolve legacy or inadvertent non-disclosures

Who Can Benefit:
* Individuals with small/legacy foreign holdings
* ESOPs, RSUs from foreign employment
* Dormant/low-value foreign bank accounts
* Foreign savings or insurance policies of returning non-residents
* Assets held by individuals on overseas deputation

Exclusions:
❌ Cases already under prosecution or involving proceeds of crime

Key Features:
* Time-bound scheme – window to declare assets
* Tax or fee payable based on nature & source of foreign assets
* Limited immunity from penalty & prosecution
* Information to be included in Finance Bill 2026