Union Budget 2025: Today, the third innings initiative of PM Narendra Modi government in Parliament was introduced by Union Finance Minister Nirmala Sitharaman. Apart from farmers, women, education, medical, msme and start-up this time, many big announcements have been made for the manufacturing sector. Which includes exemption in lithium Ier battery manufacturing used in electric vehicles. This is expected to make electric vehicles cheap.
During the budget speech, Union Finance Minister Nirmala Sitharaman said, “Cobalt powder and waste, lithium-ion battery scraps, lead, zinc and 12 other important minerals will be given exemption. Also for electric vehicles. 35 additional goods will be exempted from customs for the construction of lithium-ion battery. “
Strong the National Manufacturing Mission:
Apart from farmers, women, education, medical, msme and start-up this time, many big announcements have been made for the manufacturing sector. To further promote the government’s Make in India scheme, Finance Minister Nirmala Sitharaman has announced that the National Manufacturing Mission will be further strengthened, which will also benefit the auto sector.
Finance Minister Nirmala Sitharaman made several big announcements to promote the manufacturing sector. During this time he said in his speech that, “Our government will setup a National Manufacturing Mission. Which will cover the large, medium and small industry. Will provide framework of.
He said that, “This mission will improve climate friendly development as well as clean tech manufacturing to improve the environment. The goal of this scheme improves domestic value edition. Under which solar PV sales, electric vehicle battery, motor, motor. , Cooperation of controllers, electrolytess, wind turbines, high voltage transmission and grid scale battery manufacturing. “
20 crore loan for start-up:
The Finance Minister said in his speech that, “The loan amount limit for start-up has now been increased to Rs 20 crore. Which was limited to Rs 10 crore so far. These supports were 27 different-27 different of the start-up sector. Will be given in a separate area. ”
Obviously, its big benefit will also be seen in the auto sector of the country. In the last few years, many new start-ups have entered the country which are associated with electric vehicles manufacturing and sale. Apart from this, the cooperation given by the government to the EV battery, component mechanisms and motor sector will also give a big force to the auto industry.
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