Union Budget 2025: modified UDAN scheme, Rs 25,000 crore maritime fund, and Jal Jeevan Mission extension announced

The Union Budget 2025-26 has announced several key initiatives to drive growth across multiple sectors of the economy. A modified UDAN scheme will be launched to boost regional air connectivity by adding 120 new destinations and aiming to carry 4 crore passengers over the next decade.

The government will establish SWAMIH Fund 2 (Special Window for Affordable and Mid-Income Housing) as a ₹15,000 crore blended finance facility, targeting the completion of one lakh additional dwelling units.

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To support the maritime industry, a Maritime Development Fund with a ₹25,000 crore corpus will be set up, focusing on long-term financing for port and shipping infrastructure.

The Jal Jeevan Mission has been extended until 2028, aiming for 100% potable tap water coverage across India.

Additionally, the private sector will be granted access to data and maps from the PM Gati Shakti Portal to promote public-private partnerships (PPPs) and support sectoral growth initiatives.