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Some Highlights of Union Budget 2019-20

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Some of the Highlights of Union Budget 2019-20, presented by Finance Minister in Parliament.

Women:

  • Self Help Group programme to be expanded to all district, to encourage women enterprise.
  • Every verified member of SHG group having a Jan Dhan Bank Account, to be allowed an overdraft of 5,000.
  • One Woman in every SHG to be made eligible for a loan up to 1 lakh under the MUDRA Scheme.union budget for women, infoclusters.com

Infrastructure:

  • Under Pradhan Mantri Gram Sadak yojana III, 1,25,000 km of road length will be upgraded over the next five year.
  • Under Pradhan Mantri Awas Yojana- Gramin II,95 Crore houses to be provided to eligible beneficiaries during 2019-20 to 2021-22.
  • Higher investment in suburban railways through Special purpose Vehicle.
  • Launch of massive programe for modernization of railway stations.

Union budget for infrastrcutre, infoclusters.com

Farmer:

Gaon, Gareeb Aur Kisan”

  • Under, Pradhan Mantri Matsya Sampada Yojana, to establish a robust fisheries management to address critical gap in value chain.
  • Creation of Infrastructure for milk procurement, processing and marketing under Dairying through Co-operatives.
  • Creation of 10,000 new Farmer Organization to ensure economies of scale for farmers over next 5 years.
  • “Zero Budget Farming” to be replicated across the country for doubling farmers income.

union budget for Farmers, infoclusters.com

Finance:

  • Public Sectors Banks are to be provided Rs 70,000 crore capital to boost credit.
  • To initiate steps to empower account holder to have controls over deposits of cash by other in their accounts.

Jal Shakti

  • Ensuring Water security and access to safe and adequate drinking water to all Indians.
  • The new Jal Shakti Ministry will look at the management of water resources and water supply.
  • Jal Jeevan Mission to ensure Har Ghar Jal to all rural household by 2024.
  • Above mentioned mission will focus on local infrastructure for rainwater harvesting, groundwater recharge and management of household wastewater for reuse in agriculture.

union budget for finance, infoclusters.com

Middle Class Family:

  • Addition deduction of Rs 1.5 lakh for interest paid on loans for purchase of house of value up to Rs 45 lakh.
  • Pan and Aadhar will became interchangeable.
  • Addition deduction of Rs. 1.5 lakh on interest paid on loans taken to purchase electric vehicles.

 

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