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Govt to launch Rs 2-cr term loan for 5 lakh first-time women, SC, ST entrepreneurs: FM

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Nirmala Sitharaman Union Budget 2025

Union Finance Minister Nirmala Sitharaman at the presention of the Union Budget 2025-26 in the Lok Sabha during the Budget session of Parliament, in New Delhi, Saturday, Feb. 1, 2025.

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

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 Rs 20 crore, guarantee fee moderated to 1 per cent, she added.

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

Nirmala Sitharaman Union Budget Budget Speech women entrepreneurs Union Budget 2025 Loan