The Union Budget 2025 has introduced several significant measures aimed at boosting the hospitality and tourism sector. Finance Minister Nirmala Sitharaman has announced initiatives focused on infrastructure development, financial support, and expanding tourism opportunities across India.
Infrastructure Development and Private Sector Participation
- PM Gati Shakti Data Accessibility: The Government will make PM Gati Shakti data available to the private sector, enhancing logistics and infrastructure planning.
- Top 50 Tourist Destinations: Development of the top 50 tourist destinations will be carried out in collaboration with state governments, ensuring improved facilities and better visitor experiences.
- Harmonised Scheme for Tourism Infrastructure: Hotels will now be included under a harmonised scheme aimed at enhancing tourism infrastructure, potentially improving investment and growth in the sector.
Financial Assistance for Tourism and Hospitality
- Mudra Loans for Homestays: The government will provide Mudra loans to homestays, offering financial support to small-scale hospitality businesses and encouraging sustainable tourism.
- Medical Tourism Boost: The ‘Heal in India’ initiative will be promoted in partnership with the private sector, positioning India as a key global destination for medical tourism.
Expansion of Air Connectivity
- Modified UDAN Scheme: A revamped UDAN scheme will be introduced to connect 120 new destinations, catering to an estimated 4 crore passengers over the next 10 years.
- Greenfield Airports in Bihar: New greenfield airports will be facilitated in Bihar, supporting the expansion of domestic and international connectivity.
Additional Infrastructure Support
- Western Kosi Canal Project: Financial assistance will be provided for the Western Kosi Canal Project in the Mithilanchal region of Bihar, which could indirectly boost regional tourism and local economies.
The Budget 2025 presents a strong focus on infrastructure development, financial inclusion, and expanded connectivity for the hospitality and tourism industry. These measures are expected to drive growth, attract investments, and strengthen India’s position as a global tourism hub.
