Budget 2025 for Financial Services Sector
What's in store for the Financial Services Sector from the upcoming full Budget on February 1. Set to be a 'Pocket Booster' budget with focus on giving consumption a leg-up along with pushing capex Read More.., it is set to benefit a host of sectors. Keep a track on all the expectations, final announcements and in depth analysis of the Budget decision only on Financial Express. We offer you a detailed list of expectation and announcements for Financial Services Sector on its dedicated page Who Gets What. Navigate through all the declarations at a glance from the current and past Union Budgets on this page.
Budget 2025-26 Announcements for Financial Services Sector
Financial Services Sector
- PM SVANidhi scheme has benefitted more than 68 lakh street vendors giving them respite from high-interest informal sector loans.
- Building on this success, the scheme will be revamped with enhanced loans from banks, UPI linked credit cards with ` 30,000 limit, and capacity building support.
- SWAMIH Fund 2 will be established as a blended finance facility with contribution from the Government, banks and private investors.
- This fund of ` 15,000 crore will aim for expeditious completion of another 1 lakh units.
- Public Sector Banks will develop ‘Grameen Credit Score’ framework to serve the credit needs of SHG members and people in rural areas.
Who Got What
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Budget Announcements for Financial Services Sector in FY2025
Financial Services Sector
- STT on futures and options raised to 0.02% and 0.01%.
- LTCG hiked to 12.5% from 10%
- STCG on some assets increase to 20%
- Angel tax abolished
Budget Announcements for Financial Services Sector in FY2024
Financial Services Sector
- No conclusive announcement was made
Budget Announcements for Financial Services Sector in FY2023
Financial Services Sector
- No conclusive announcement was made
Budget Announcements for Financial Services Sector in FY2022
Financial Services Sector
- In Budget 2021, for NBFCs holding assets worth at least Rs. 100 crores, there's a proposal to reduce the minimum loan size eligible for debt recovery under the SARFAESI Act from Rs. 50 lakh to Rs. 20 lakh.
Budget Announcements for Financial Services Sector in FY2021
Financial Services Sector
- The NBFCs eligibility limit for debt recovery was announced to be reduced from Rs. 500 crore to Rs 100 crore asset size and Rs 1 crore to Rs 50 lakh loan size.
- The announcement declared that NBFCs are now notified to provide invoice financing to MSMEs through TReDS.
- A Partial Credit Guarantee scheme was announced for the NBFCs formulated post the Union budget 2019-20 to address their liquidity constraints.
Budget Announcements for Financial Services Sector in FY2020
Financial Services Sector
- While nothing substantial was announced in the interim budget, the Union Budget (July 2019) announced enhanced liquidity access for the sector.
- The government revealed its plan to offer state-run banks a one-time 6-month partial guarantee of Rs 1 lakh crore. This guarantee aims to facilitate the purchase of consolidated high-rated pooled assets from financially sound NBFCs. It is designed to cover their initial loss of up to 10 percent.
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