The 2019 Interim Union Budget of India was presented by acting Finance Minister

Piyush Goyal Piyush Vedprakash Goyal (born 13 June 1964) is a politician, chartered accountant and cabinet minister of the Government of India having portfolios such as Minister of Textiles, Minister of Commerce and Industry and Minister of Consumer Affa ...

on 1 February 2019. The government introduced

Pradhan Mantri Kisan Samman Nidhi Pradhan Mantri Kisan Samman Nidhi (PMKSN, translation: ''Prime Minister's Farmer's Tribute Fund'') is an initiative by the government of India that give farmers up to per year as minimum income support. The initiative was announced by Piyush Go ...

and Pradhan Mantri Shram Yogi Mandhan.

Highlights

In the budget, the fiscal deficit for 2019–20 will be 3.94% of GDP. The budget set aside for farmers having up to 2 hectares of land. The amount is available in 3 equal installments of Rs.2000 each under

. per month pension after 60 years of age to unorganized sector labor under Pradhan Mantri Shram Yogi Mandhan. Subscribers have to pay a monthly amount of Rs.100 if aged 29 years and Rs.55 if a subscriber is of 18 years of age. Income tax relief u/s 87A for income up to . Standard deduction of for salaried class. In the 2018 Budget, the outlay was revised for six key social schemes focused on enhancing the welfare of farmers and the poor, in addition to announcing a new scheme aimed at direct cash transfers to farmers. Apart from that, allocation across three other schemes focused on rural India have been raised.

References

External links

Times Of India: Interim-Union Budget 2019 Highlights

Government of India: Union Budget and Economic Survey
{{Union budget of India Union budgets of India 2019 in Indian economy 2019 government budgets Modi administration