Finance Minister Nirmala Sitharaman Reaffirms Commitment to Timely Budget Implementation

Union Finance Minister Nirmala Sitharaman has reiterated the government’s commitment to swiftly implementing all announcements made in the 2025-26 Budget. Speaking at a post-Budget webinar organized by the Department of Financial Services, she highlighted the rapid execution of key policy measures outlined in the July 2024 Budget.

Swift Implementation of Budget Promises

The Finance Minister emphasized that the government has a strong track record of delivering on its budgetary commitments. She cited several initiatives that have already been executed within a short timeframe:

Increase in Mudra Loan Limit

One of the significant financial reforms announced in July 2024 was the increase in the Mudra loan limit under the Tarun category from ₹10 lakh to ₹20 lakh. Sitharaman noted that this change was implemented on October 24, 2024, within just three months of the announcement, providing greater financial support to small businesses and entrepreneurs.

Expansion of SIDBI Branches in MSME Clusters

To bolster support for Micro, Small, and Medium Enterprises (MSMEs), the government had announced the establishment of new Small Industries Development Bank of India (SIDBI) branches. The minister confirmed that 21 new SIDBI branches have already been set up in key MSME clusters across the country during 2024-25, facilitating better access to financial assistance for small businesses.

PM Internship Scheme Gains Momentum

Sitharaman also provided an update on the PM Internship Scheme, which was introduced in the 2024-25 Budget to enhance youth employability. She stated that a pilot project for the scheme has been successfully rolled out by the Ministry of Corporate Affairs, resulting in over 1.25 lakh internship opportunities in top companies. The initiative has received an overwhelming response, with over six lakh applications submitted so far.

Government’s Commitment to Policy Execution

Reaffirming the government’s efficiency in implementing policy decisions, Sitharaman stated, “This is consistent with our track record of delivering on promises made in previous budgets.” She assured that the administration remains focused on ensuring the timely execution of all initiatives outlined in the 2025-26 Budget, fostering economic growth and development.

By swiftly turning announcements into action, the government continues to strengthen financial inclusion, empower businesses, and create opportunities for the youth, reinforcing its commitment to economic progress and welfare.