Navigating the Union Budget 2025-26: Implications for Borrowers and How Easy Settlement Can Assist
The Union Budget 2025-26 introduces several measures that significantly impact individuals and businesses with existing loans or those considering new borrowing. Understanding these changes is crucial for effective financial planning and debt management. At Easy Settlement, we are committed to helping our clients navigate these developments to achieve financial stability.
Key Budget Highlights Affecting Borrowers:
- Personal Income Tax Reductions:The budget proposes significant cuts in personal income tax rates, aiming to increase disposable income for the middle class. This increase in disposable income can enhance individuals’ ability to manage existing loan repayments or consider new borrowing opportunities.
reuters.com - Enhanced Credit Access for MSMEs:To improve access to credit, the budget enhances the credit guarantee cover for Micro and Small Enterprises from ₹5 crore to ₹10 crore, leading to additional credit of ₹1.5 lakh crore in the next five years. This initiative aims to bolster the financial capacity of small businesses, enabling them to expand operations and manage debt more effectively.
