Representative image showing an Indian Post Office
Credit: iStock Photo
Finance Minister Nirmala Sitharaman on February 1 presented her eighth consecutive Budget with a speech which lasted for 74 minutes.
Talking about the MSME sector, Dhruv Chopra, Managing Partner at Dewan P N Chopra said, "As of 2025, India has 164,987 post offices, making it the largest postal network in the world. Of these, 149,164 post offices are in rural areas, ensuring postal coverage in nearly all villages nationwide. It is proposed in budget 2025 to make these post offices logistics hubs and networks to be used by entrepreneurs, women, and micro and MSME businesses. This is an excellent initiative to optimise one of India’s marque asset bases and networks."
"Fund of funds to support startups in 27 focus sectors. The government will infuse Rs 10,000 crore additional funds into these funds of funds increasing the total allocation to Rs 20,000 crore, to propel entrepreneurship and growth in startups," Chopra said about startup sector.
Union Budget 2025 | Nirmala Sitharaman, as Finance Minister, presented her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', the Modi govt gave income tax relief for those making up to Rs 12 lakh per year in salaried income. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.