UNION BUDGET

2019-HIGHLIGHTS
FARMER

■ PM KISAN SAMMAN NIDHI

■ Farmer with less than two hectares to be offered Rs 6000 per Year as direct
transfer under PM KISAN SAMMAN NIDHI .
■ The benefits will be transferred directly into the bank account of beneficiary farmer
in three instalments of Rs 2000 cash
■ Around 12 crore farmer to be benefits from this scheme costing 750000 crore
MNREGA

■ MAHATMA GANDHI NATIONAL RURAL EMPLOYMENT GUARANTEE Program’s

allocation increased by 5000 crore to Rs 60,000 crore for FY 20
INTEREST SUBSIDY

■ Farmer stuck by natural calamities will now received 2-5% interest Subvention under
insurance scheme.(PMFBY)/NDRF (National disaster relief fund)
■ 2% interest subsidy to be given to farmer involved in animal husbandry activities via
kisan credit card scheme.
■ An additional 3 % subsidiary will be paid on timely payment of loans.
ANIMAL HUSBANDRY

■ Government announces setting up of Rashtriya kamdhenu Aayog to enhance

productivity of cows.
■ Allocation of Rs 750 Crore for Rashtriya Gokul Mission has been announced for the
current year itself .
RURAL INFRASTRUCTURE

■ PRADHAN MANTRI GRAM SADAK YOJNA allocation set at Rs 19000 crore

■ GOVERNMENT will set up one lakh digital village in next five years .
Fishermen

■ Separate department of fisheries created ,2% interest subvention for those in

fisheries .

■ To provide Rs 750 crore in FY 19 to support animal husbandry and fishing .

Pradhan mantri shram yogi Mandhan
scheme
■ New Pradhan mantri shram Yogi Mandhan Yojana for unorganised sector workers
with income up to 15000 per month .

■ Beneficiaries will get Rs 3000 per month pension with contribution of 100 per
month after retirement .

■ Govt. allocations Rs 500 crore for the scheme

Other update for worker

ESI increased from 15 to 21 k

Gratuity increased from 10 to 30 lakh
Worker suffer injuries will received 6 lakh from rs 2 lakh through EPFP
■ EDUCATION -38572
■ MEDICAL –AIMS –HARYANA
■ RAILWAYS –CAPITAL SUPPORT -64587 CR ,CAPITAL EXPENDITURE -158658
■ DEFENSE –RS 3 LAKH CR
Tax

■ Individual taxpayers having taxable annual income up to Rs.5 lakhs will not be required to pay any
income tax. The Finance Minister said that persons having gross income up to Rs. 6.50 lakhs are
not required to pay any income tax if they make investments in provident funds, specified savings
and insurance etc. Additional deductions such as interest on home loan up to Rs. 2 lakh, interest
on education loans, National Pension Scheme contributions, medical insurance and medical
expenditure on senior citizens etc., are also provided for in the Interim Budget 2019-20.
■ For salaried persons, Standard Deduction is being raised from the current Rs.40,000 to
Rs.50,000.
■ Exemption on levy of income tax on notional rent on a second self-occupied house is also now
proposed.
■ TDS threshold on interest earned on bank/post office deposits is being raised from Rs. 10,000 to
Rs.40,000.
■ TDS threshold for deduction of tax on rent is proposed to be increased from Rs. 1,80,000 to
Rs.2,40,000 for providing relief to small taxpayers.
ECONOMY

■ FY20 Fiscal deficit target 3.4 %

■ Expenditure target for FY20 set at Rs 27.84 lakh crore
■ Deficit for 2020/21 seen at 3 % of GDP