Monday, 4 February 2019

BUDGET 2019 KEY HIGHLIGHTS


The key highlights of the Interim Budget 2019-20 presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Piyush Goyal in Parliament on Feb 01, 2019 are as follows:
New Announcements
Farmers
    • 12 crore small and marginal farmers to be provided with assured yearly income of Rs. 6000 per annum under PM-KISAN
    • Outlay of Rs. 75,000 crore for FY 2019-20 with additional Rs. 20,000 crore in RE 2018-19
    • Outlay for Rashtriya Gokul mission increased to Rs 750 crore
    • Rashtriya Kamdhenu Ayog to be setup for sustainable genetic up-gradation of the Cow resources
    • New separate Department of Fisheries for welfare of 1.5 crore fishermen
    • 2% interest subvention to Farmers for Animal husbandry and Fisheries activities; additional 3% in case of timely repayment.
  • Interest subvention of 2% during disaster will now be provided for the entire period of reschedulement of loan