Maharashtra-Haryana Assembly Elections

Five popular schemes announced during Interim Budget 2019

Five popular schemes announced during Interim Budget 2019

The first full budget of Modi government 2.0 will be here in a matter of days. Speculations on what Finance Minister Nirmala Sitharaman may or may not do in her maiden budget are hitting a fever pitch. To get a sense of the broad policy trajectory that she may opt for, here's a recap of the template set by stand-in finance minister Piyush Goyal in February's interim budget.

 

Five popular schemes announced during Interim Budget 2019

* Railways operating ratio seen at 96.2% in FY19 Vs 95% FY20.

* Capex for FY20 pegged at a record Rs 1.6 lakh crore

* Not even a single unmanned railway crossing on broad gauge lines anywhere

Five popular schemes announced during Interim Budget 2019

* Rs 6,000 a year assured income support for small and marginal farmers

* Under the scheme to be effective from 1 December 2018, farmers having up to 2 hectares of land to get Rs 6,000 per year in three equal instalments

* Interest subvention on farm loans; farmers affected by natural calamities to get 2% interest subvention and additional 3% interest subvention upon timely repayment

* 2% interest subvention to farmers who pursue animal husbandry, fisheries jobs through Kisaan credit cards

* Kamdhenu scheme for animal husbandry

 

Five popular schemes announced during Interim Budget 2019

* Defence budget increased to over Rs 3 lakh crore; govt to provide additional funds if needed.

* Disbursals under OROP at Rs 35,000 crore in the last few years

 

Five popular schemes announced during Interim Budget 2019

 

* Full exemption for those whose taxable income is less than Rs 5 lakh a year

* Standard deduction to be increased to Rs 50,000 from Rs 40,000 for the salaried

 

Five popular schemes announced during Interim Budget 2019

 

* 1 lakh digital villages to be built

* In a historic decision with regard to welfare of farmers and for doubling their income, MSP to be raised by 1.5 times the production cost for 22 crops

* Pradhan Mantri Ujjwala Yojana, a programme to give 8 crore free LPG connections to rural households, to ensure cleaner fuel and health assurance; 6 crore connections already given

* A committee to be set up under NITI Aayog for denotifed nomadic & semi-nomadic communities

 

Post Comment (+)