Interim Budget 2019-20 Complete Update with PDF
The present finance minister Piyush Goyal presented the Interim Budget for 2019-20 on February 01, 2019. This was the 6th budget by the National Democratic Alliance’s (NDA) government.
Some Important Data Highlights- Budget 2019-20:
- Total Expenditure: Rs 27,84,200 Crore
- Total Capital Expenditure: Rs 3,36,292 Crore
- Total Receipts: Rs 27,32,903 Crore
- Fiscal Deficit for the year 2019-20: 3.4% (slightly higher than the targeted 3.3 per cent)
Scheme’s announced in the Interim Budget 2019-20:
Pradhan Mantri KIsan SAmman Nidhi (PM-KISAN)
- Beneficiary: Farmers with land with area upto 2 hectares.
- Under this scheme farmer having cultivable land upto 2 hectare will get direct income support of Rs 6000 per year. This amount will be paid in three equal installments of Rs 2000. (at each 4 months)
- Date of effectiveness: The scheme would be made effective from December 01, 2018. The first installment from Dec 01, 2018 to March 31, 2019 would be paid in this year itself.
- Outlay: Each year government will incur an expenditure of Rs 75,000 crore on this scheme. Apart from this for 2018-19, a revised estimate of Rs 20,000 crore has been provided for this scheme (as it is effective from Dec 2018 itself).
Pradhan Mantri Shram-Yogi Maandhan
- Purpose: Pension Scheme for unorganized sector workers.
- Beneficiary: Workers of unorganized sector with monthly income of upto Rs 15,000.
- Benefit: This pension yojana shall provide the beneficiary an assured monthly pension of Rs 3,000 from the age of 60 years.
- Monthly premium: The monthly premium will vary as per the age of beneficiary depending on the age when he joins the scheme. However the government will pay an equal monthly premium in the pension account every month.
- Outlay: Rs 500 Crore
Sector wise Budget Highlights
For Taxpayers / Tax reforms
Interest Subventions for Farmers
Interest Subvention to Animal Husbandry Farmers– 2% interest subvention to farmers involved in activities of animal husbandry and fisheries. Addition 3% interest subvention to them in case of timely repayment of loan.
Interest Subvention to Farmers in natural calamities– Farmers affected by severe natural calamities, where assistance is provided from National Disaster Relief Fund (NDRF), will be provided the benefit of interest subvention of 2%. Also addition 3% Interest subvention for the entire period of reschedulement of their loans for timely repayment of loan.
For Labour and Workers Dignity
Some other points that you must remember from exam point of view
* Employees’ State Insurance (ESI) Scheme of India is a multi-dimensional Social Security Scheme to provide protection against the events of sickness, maternity, disablement and death due to employment injury and to provide medical care to the insured employees and their families.
For MSMEs and Traders
For Defence and National Security
10 most important dimensions that will guide the government in Vision 2030 – Read Our PDF
Other Important Facts mentioned in the Interim Budget 2019-20 – Read Our PDF
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