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  1. Finance Minister announces ₹2 crore scheme for 5 lakh first-time women, SC, ST entrepreneurs in Budget 2025

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Finance Minister announces ₹2 crore scheme for 5 lakh first-time women, SC, ST entrepreneurs in Budget 2025

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1 min read | Updated on February 01, 2025, 11:49 IST

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SUMMARY

The government has announced a ₹2 crore term loan scheme for 5 lakh first-time women, SC, and ST entrepreneurs, Finance Minister Nirmala Sitharaman revealed during the 2025-26 Union Budget presentation. The initiative aims to empower marginalised communities and support entrepreneurship.

The government has announced a ₹2 crore term loan scheme for 5 lakh first-time women, SC, and ST entrepreneurs. Image | PTI

The government has announced a ₹2 crore term loan scheme for 5 lakh first-time women, SC, and ST entrepreneurs. Image | PTI

The government will launch a ₹2 crore term loan for 5 lakh first-time women, SC and ST entrepreneurs, Finance Minister Nirmala Sitharaman said on Saturday.

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Presenting the Union Budget for 2025-26, the finance minister also said a manufacturing mission will be set up for SME and large industries.

Besides, the government will undertake facilitation measures to enhance productivity of labour-intensive sectors, Sitharaman said.

The credit guarantee cover will be doubled to ₹20 crore, guarantee fee moderated to 1%, she added.

She also said a national institute of food technology, entrepreneurship and management will be established in Bihar.

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