Budget 2025: Key announcements for Tourism and Innovation

On February 1, 2025, the Finance Minister Nirmala Sitharaman announced major changes/reforms for the Tourism and Innovation Sector, which are:

• The government will focus on developing top 50 tourism sites in partnership with the states to boost Indian tourism.
• States will allocate land for the development of tourist sites, with a focus on enhancing infrastructure.
• To encourage local tourism, mudra loans will be available to homestay businesses.
• To attract international patients, efforts will be made to promote medical tourism and “Heal-in-India” campaigns.
• It also announced plans to introduce funds-of-funds to support technological innovation and startups in the sector.
• It will launch a National Geospatial Mission to enhance spatial data and mapping capabilities for better planning and development.

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