summery of interim budget 2019
PM-KISAN:
6000 rupees per year for the farmers who hold land up to 2 hectares or 5 acres.
Will be paid in 3 stages, 2000 per each stage.
12 crore farmer families will be benfitted by the scheme.
20000 crore rupees allocated for this financial year (2018-19)
75,000 crore rupees allocated for the next financial year (2019-20)
Financial support of 6000 rupees for farmers will completely be funded by the government.
PM-SHRAMYOGI MANDHAN YOJANA:
Allocated 500cr rupees
Who joins under age 29 have to pay 100 rupees per month and who join at the age of 18 have to pay 50 rupees per month. They will be paid in the age of 60 as pension.
42 cr. Workers in unorganised sector will be benfitted. Half of India's GDP comes from the unorganised sector.
Who joins under age 29 have to pay 100 rupees per month and who join at the age of 18 have to pay 50 rupees per month. They will be paid in the age of 60 as pension.
42 cr. Workers in unorganised sector will be benfitted. Half of India's GDP comes from the unorganised sector.
SOME MORE POINTS FROM THE INTERIM BUDGET OF 2019
- Farmers who owns less than 1 hectare of land are marginal
- Farmers who own land less 1-2 hectares of land are small.
- 12, 56, 30,000 farmers are small and marginal as of 2015-16. This account for 86% of the farmers in India.
A MOVE TOWARDS ARITFICAIL INTELLIGENCE (AI):
Finance minister made an announcement of national programme on Artificial intelligence ties to an existing programme led by the union science ministry called the national mission on interdisciplinary cyber physical system.
40,000 jobs will be created in short term and 2, 00,000 jobs in long term.
3,660 cr. Rupees were allocated for next five years
40,000 jobs will be created in short term and 2, 00,000 jobs in long term.
3,660 cr. Rupees were allocated for next five years
VISION 2030:
- To build physical and social infrastructure for a $10 trillion economy
- To create a digital India.
- Making India a pollution free nation.
- Expanding rural industrialisation using modern digital technologies.
- Cleaning rivers and sage drinking water for all.
- Coastline and our ocean water powering India’s development and growth.
- Making India food sufficient, exporting to the world to meet their food needs.
- Producing food in most organic way.
- Healthy India.
- Team India - our employees working together with the elected government.
- GOVT. allocated ever-highest capital expenditure for railways I.e.., 1.59 crore rupees.
- Capital ratio is expected to improve from 98.4% (2017-18) to 96.2% (2018-19) and further to 95%.
CAPITAL RATIO MEANS:
railways spending 95 paise to earn 100 paise.
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