New Delhi: In a significant step towards inclusive development, the Union Budget 2025-26 has introduced a new scheme aimed at supporting first-time women entrepreneurs, particularly from Scheduled Castes (SC) and Scheduled Tribes (ST). Under this initiative, the government will provide term loans of up to Rs. 2 crore to 5 lakh entrepreneurs over the next five years, ensuring greater access to capital for those who have historically struggled to secure credit.
Finance Minister, Nirmala Sitharaman announced that the scheme is designed to provide financial assistance to first-time entrepreneurs, including women and individuals from SC/ST communities. This initiative is expected to channel resources towards economic upliftment and break down historic barriers that have hindered access to financing for these groups.
The government’s focus remains on addressing financial disparities and empowering marginalized communities by promoting self-employment and entrepreneurship. By offering concessional funding, the scheme aims to reduce financing obstacles and foster enterprise growth. This initiative is part of a broader strategy to drive economic progress through inclusive financial support, ensuring that entrepreneurs from disadvantaged backgrounds have the necessary resources to establish and expand their businesses.
APAC News Analysis
The 2025-26 budget reinforces the government’s long-term strategy of inclusive and equitable growth, particularly through targeted interventions for women and marginalized communities. While the initiative to provide credit to women entrepreneurs is a significant step towards economic empowerment, the challenge remains in ensuring effective implementation and accessibility of funds. The budget’s push for manufacturing and labour-intensive sectors aligns with the broader goal of job creation, but its impact will depend on the successful execution of policy measures. Overall, the budget reflects a balance between economic stimulus and social development, setting the stage for sustained growth in the coming years.
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