<h1>2016 Budget Boosts Growth: Tax Rebates for Home Buyers, Infrastructure Investment, and Support for Small Enterprises.</h1> The 2016 budget introduces several measures to boost economic growth and support various sectors. First-time home buyers receive a Rs. 50,000 rebate on loans up to Rs. 35 lakhs for homes costing up to Rs. 50 lakhs. The PM Awas Yojna offers a 100% profit deduction for housing projects, while changes in customs and excise duties aim to enhance competitiveness. Incentives are provided for new manufacturing and small enterprises, and service tax is exempted for certain insurance schemes. The fiscal deficit target is set at 3.5% for 2016-17. Additional measures include increased investment in infrastructure, education, healthcare, and rural development, alongside tax reforms and support for public sector banks.