Key Highlights of Budget 2019 by Nirmala Sitharaman on 5 Jul 2019

1. No income tax for less than 5 lakh per annum income

2. 3% Increase in surcharge for individuals with incomes between 2 to 5 cr. 7%

increase in surcharge for incomes above 5 cr

3. Propose to make PAN and Aadhaar interchangeable. ITR can be filed without PAN

by quoting Aadhaar

4. Direct tax revenue has grown 78 percent from 2014 to 2019. The tax collection has

increased to 11.37 lakh crore to 2018-19 from 6.37 lakh crore from 2013-14.

5. To discourage practice of making business payments in cash, I propose to levy TDS

of 2% on cash withdrawal exceeding Rs 1 crore a year from a bank account

6. Propose to increase special additional duty and road and infrastructure cess on

diesel and petrol by Re 1

7. Currently, the lower rate of 25% is applicable to firms with annual turnover of Rs 250

crore. I propose to widen this to all companies with annual turnover of up to Rs 400

crore. This will cover 99.3% of all companies

8. Additional income tax deduction of Rs 1.5 lakh on the interest paid on loans for EVs

9. 350 crore rupees allocated for 2% interest subvention for all GST-registered MSMEs

on fresh or incremental loans

10. Propose to extend period of exemption of capital gains arising from sale of residential

house for investment in startups to 31-3-2021

11. GST rates have been eased with a relief of Rs 92,000 crore provided during the year.

Further measures are being worked out to ease filing returns and tax compliance. A

simplified single monthly return is now being ruled out. Taxpayers with an annual

turnover of less than Rs 5 crooe will have to file only quarterly returns

12. Additional deduction of up to Rs 1.5 lakh for interest on loans borrowed upto March

31, 2020 for purchase of house upto Rs 45 lakh

13. Business establishments with annual turnover of Rs 50 crore will offer low-cost digital

mode of payments to customers and no charges or merchant discount rates shall be

imposed on customers as well as merchants

14. Every verified woman SHG member having a Jan Dhan account, an overdraft of

5000 rupees will be allowed

15. The Securities Transaction Tax or STT is proposed to be restricted to the difference

between settlement and strike price of options

EXCUSE CONSULTANCY PRIVATE LIMITEDGST Consultancy

16. To resolve the issue of Angel Tax the startups and investors who file requisite

declarations will not be subjected to any kind of scrutiny in respect of valuation of

share premium. A mechanism of e-verification will be put in place and with this, the

funds raised by startups will not require any tax scrutiny.

17. One woman in every SHG shall be made eligible for a loan of Rs 1 lakh under

MUDRA scheme

18. NRI investment in Indian capital market is less. I propose to merge the NRI portfolio

investment scheme route with FPI route

19. 95 crore houses proposed to be provided under PMAY Grameen by 2021

20. 25 lakh kilometers of roads will be upgraded:

21. The government proposing to streamline multiple labour laws into a set of 'four labour

codes'

22. Aim to simplify tax admin and bring greater transparency. My tax proposals will aim

to stimulate growth.

23. Tv program for the start-ups Stand up india scheme for entrepreneurs. A new

channel is proposed to be started under Doordarshan bouquet to provide a platform

for startups to disseminate information in the industry

24. Rs 100 lakh crore for infrastructure development for next 5 years

25. By 2022, power and LPG will be provided to all households. Assures that every

single rural family will have electricity and clean cooking facility by 2022

26. Propose setting up a Social Stock Exchange for listing Social enterprises, voluntary

organisations. Social Stock Exchange under SEBI proposed

27. The government is setting an enhanced target of Rs 1,05,000 crore for disinvestment

during FY20 and will continue with disinvestment of PSUs in the non-financial space

as well

28. More than 45,000 public toilets have been uploaded on Google maps and nearly 1

crore citizens have downloaded the Swachhta app

29. Several reforms would be undertaken to promote rental housing, current rental laws

are archaic as they do not address lessor-lessee relationships fairly

30. Have suggested to SEBI to increase threshold of public shareholding in listed

companies from 25% to 35%,

31. 100% FDI will be permitted for insurance intermediary. FDI inflows have remained

robust despite global headwinds. India's FDI inflows remained strong despite global

slippages. We saw a 6% y-o-y growth in foreign investment Government is mulling

organizing an annual global investors' meet in India

32. Govt will create a payment platform for MSMEs to enable filing of bills and payment

on the platform itself

33. As key source of capital to Indian economy, it is important to ensure hassle-free

experience to foreign portfolio investors. We plan to streamline KYC to make it more

investor-friendly

34. Pension benefits will be offered to 3 crore shopowners with annual turnover of less

than Rs 1.5 crore under new scheme called Pradhan Mantri Man dhan Scheme

35. A modern tenancy law will be finalized and given to the states

36. Upfront incentive to be offered on purchase of EVs

37. Railway infra would need an investment of Rs 50 lakh crore between 2018 and 2030

38. It is proposed that several reform measures will be taken up to promote rental

housing

39. India have become fifth largest economy in the world. 5 years ago we stood at 11th

position. In Purchasing Power Parity we are at number 3 only next to US and China

40. Indian Economy well within capacity to reach $5 tn target in a few years. Our

economy was $1.85 trillion when we assumed power and it reached $2.7 trillion. We

have the capacity to reach 5 million US in five years. It took us over 55 years to

Indian economy to reach $1 trillion but the people's hearts filled with Vishwas and

Akansha (hopes of the people of the country) has helped us achieve the next couple

of trillions within a short span

41. Last mile delivery stood out, citizens in every nook and corner of the country felt the

difference; our objective was and continues to be Mazbooth Desh Ke Liye Mazbooth

Nagarik

42. If before India Inc understood Swadeshi they now look at Make in India. Gone are

the days of policy paralysis and Licence Raj regimes. India is now a wealth creator,

says Sitharaman, adding she wishes to announce a number of reforms to further the

country's growth prospects.

43. The ambitious project of Bharatmala will enhance road connectivity and Sagarmala

will help port and waterways connectivity, she says. These along with other such

initiatives such as Udaan scheme will improve India's infrastructure and enable

connectivity and bridge the rural and urban divide

44. The department of fisheries will address critical gaps in the value chain, including

production, quality control, post-harvest management, etc

45. Confident of achieving our goals, says FM, quotes Chanakaya, 'With determined

humans efforts, the task shall surely be completed'

46. Mega programmes that we initiated in the first five years will now be further

accelerated

47. Between 2014 and 2019, we provided rejuvenated Centre-state dynamic,

cooperative federalism, GST Council and a strident commitment to fiscal discipline;

set the ball rolling for a New India

48. New metro rail projects have been approved during 2018-19. Also, during 2019,

210km of metro lines have been operationalized

49. The time is right for India to enter into aviation finance. The Udan scheme is

providing air connectivity to the common man. All these programmes are also helping

bridge rural and urban divide. The ambitious programme of Bharatmala will help

develop roads and highways, while Sagarmala will enhance port connectivity

50. National Common Mobility Card was launched by PM Modi in March this year. This

will enable people to pay multiple transport charges across India. This card runs on

RuPay card and allows users to pay bus charges, parking charges, etc

51. One Nation, One Grid" for power availability to states at affordable rates. It is

therefore proposed to use Public-Private partnership to unleash faster development

52. India's FDI flows in 2018-19 remained strong compared to global at $54.2 billion, 6

percent higher than last year. The government will examine options of opening up

FDI in media, animation and some other sectors to improve these flows further

53. The government is contemplating organising an annual global meet to get all three

sets of global players: Industrialists, corporate leaders, corporate sovereign and

venture funds

54. India has emerged as a major space power. Time has come to harness this ability

commercially. New Space India Limited, a public sector enterprise, has been

incorporated to tap the benefits of R&D carried out by Isro. The company will

spearhead commercialization of various space products

55. The Gaon (village), Garib (poor) and Kisan (farmers) are at the Centre of all our

efforts:

56. By 2022 Every rural indian family will have Electricity and clean cooking facility

57. Lauds efforts of farmers in production of pulses

58. 75000 entrepreneurs targeted in Agri sector

59. Ease of doing business to extend to farmers and they should not face state level

arbitrages Back to Basics - zero budget farming farmers are being trained on this -

extend to others

60. Jal ministry to focus on providing adequate drinking water, which is a primary area of

concern. We seek to provide water to all rural households under 'har ghar jal. Steps

such as these will help double farmers' income by 2022

61. Time for completion of houses under PMAY reduced from 314 days in 2015-16 to

114 days in 2017-18, enabling the scale of achievement in PMAY

62. 1592 critical blocks over 256 districts identified for Jal Skhakti Abhiyan

63. 6 crores toilets have been constructed under Swacch Bharat Abhiyaan

64. 5 lakh villages are now open-defecation free

65. More than 95% of our cities have declared themselves open-defecation free

66. We aim to make India open-defecation free by October 2, on 150th birth anniversary

of Mahatma Gandhi

67. A Gandhipedia is being developed to sensitize youth and society at large on positive

Gandhian values:

68. Local sourcing norms for FDI to be eased for single-brand retailing sector.

69. Propose to establish National Research Foundation to fund and coordinate research

in India

70. 80 Livelihood business incubators and 20 technology business incubators to be set

up in 2019-20 under ASPIRE to develop 75,000 skilled entrepreneurs in agro-rural

industries

71. Greater focus on R&D through a National Research Foundation. This will fund,

promote research. Funds will be assimilated from schemes running across various

ministries

72. Focus on Global Education Model and R&D will arm the Youth of today to fight the

unknown future we see ahead full of disruption and new age entry and exits

73. None of our technological institutions were in top 200 in 2014. But now, there are five

in the list

74. To upgrade level of teaching, Gian initiative was started. It was a roadmap to counter

challenges, To upgrade level of teaching, Gian initiative was started. It was a

roadmap to counter challenges. To upgrade quality of teaching, the GYAN was

started aimed to bring in the global pool of scientists and researchers, she says,

adding such initiatives have paid off. From no single Indian institute in top 200

universities ranking until 5 years ago, we now have 3 institutions in the top 200 global

institutions bracket. To make India a hub of higher education the government

proposes 'Study in India' to bring in foreign students to pursue education here

75. India will be soon a hub of higher education. 'Study in India' initiative will be started

for the exchange of foreign student

76. We will increase our efforts to improve the skills of our youth in newer areas such as

Artifical Intelligence, Big Data, Robotics, etc valued highly within and outside the

country to ensure they can secure high paying jobs both in India and abroad

77. Under Pradhan Mantri Grameen Digital Saksharata Abhiyan, Bharat Net is targeting

internet connectivity in local bodies in every panchayat in the country; this will be

speeded under Universal Service Obligation Fund

78. 100 new clusters to be set up in 2019-20 under SFURTI, which will enable 50,000

artisans to join the economic value chain

79. The Pradhan Mantri Shram Yogi Maan Dhan Yojana of providing Rs 3,000 - nearly

30 lakh workers have joined the scheme

80. Approximately 35 crore LED bulbs have been distributed under the Ujala scheme,

saving Rs 18,341 crore annually

81. For the women of India - Naari to Narayani has been the tradition of the country., she

says quoting Swami Vivekananda, "There is no chance for the welfare of the world

unless the condition of women is improved. It is not possible for a bird to fly with one

wing

82. Contribution of women is significant in every sector. The recent election saw record

turnout of women voters, at par with men. We also have a record 78 women MPs in

the House

83. Propose a committee to evaluate and suggest measure to improve women's welfare,

she says, pointing out how India's women have stood out distinctly in every field. This

reinforces our approach of going beyond just women-centric policies to building

women-led movements

84. Under PMAY (Urban), over 81 Lakh houses with investment of about Rs 4.83 Lakh

Cr have been sanctioned of which construction has started in about 47 Lakh houses.

Over 26 Lakh houses have been completed of which nearly 24 Lakh houses have

been delivered, to beneficiaries.

85. 400 crore rupees under head, World Class Institutions in 2019-20, more than 3 times

the revised estimates of previous year.

86. The government proposes to consider issuing Aadhaar cards to NRIs with Indian

passports in India without having to wait for the necessary 180 days

87. To popularize sports at all levels, National Sports Education Board for development

of sportspersons to be set up under Khelo India

88. The government is developing 17 iconic tourism sites as world-class tourist centres

to improve the flow of domestic and foreign tourists to these destinations.

Documentaries with anthropological details will be stored for tourists

89. PSBs are now proposed to be further provided Rs 17,000 crore of capital to boost

credit.

90. Government has smoothly carried out consolidation, reducing the number of PSBs

by 8

91. Record recovery of over Rs 4 lakh crore due to IBC (Insolvency code) have been

effected in the last four years

92. NPAs of commercial banks have reduced by over Rs 1 lakh crore over the last year

93. The government has proposed to allocate Rs 70,000 crore for PSU Bank

recapitalisation

94. For purchase of high-rated pooled assets of financially sound NBFCs amounting to a

total of Rs 1 lakh crore, govt will provide a one-time six-month partial credit

guarantee to PSBs for first loss up to 10%

95. Broadbased committee to evaluate and suggest actions for moving forward on

gender analysis of budget to be formed

96. Govt proposes to return the regulation authority over housing finance sector from

National Housing Board to the RBI

97. To further encourage women entrepreneurship, Women SHG Interest Subvention

Programme to be expanded to all districts in India

98. 4 new embassies to be opened in 2019-20, to improve footprint of India's overseas

presence and to provide better public services to local Indian communities

99. India's sovereign external debt to GDP is among the lowest globally at less than 5%,

she points out.

100. A new series of coins including for Rs 20 will be made available for public use

shortly

101. Foreign shareholding limit of CPSEs is proposed to be hiked to permissible

sectoral limits

102. Separate NPA trust with PFRDA. A move for providing the pensioners' ease of

investment and procedure.

103. Because of taxpayers, government is able to work for a collective dream of

inclusive development

104. She quotes a verse in Tamil - 'Just a few mounds of rice cooked from a small

piece of land is enough for the elephant. But if the same elephant enters a paddy

field it will end up trampling more than it would consume' Explaining the verse, she

says the government does not intend to 'trample' anybody like the elephant.

105. Proposes incentives to IFSC including profit linked deduction u/s. 80LA for 10

years in 15 years block

106. Defence sector needs modernization. Import of defence equipment is being

exempted from basic customs duty

1

Vision to become $5 trillion economy driven

by ‘virtuous cycle’ of investment

India becomes sixth

largest economy

Pradhan Mantri

Matsya Sampada Yojana (PMMSY)

Establish robust

fisheries management framework

Scheme of faceless electronic tax assessment

Aadhaar and PAN to be

interchangeable

Enhanced interest

deduction for affordable housing loan

Tax benefits for

corporate tax payers

Reform, Perform, Transform agenda: GST, IBC, RERA etc. Changing common man’s life: MUDRA, UJJWALA, SAUBHAGYA etc.

KEY FEATURES

OF BUDGET 2019-20

Vision for $5 trillion economy driven by investment

Transforming rural lives

New Jal Shakti Mantralaya to ensure Har Ghar Jal

Enhancing ease of direct and indirect taxation

Strengthening connectivity Infrastructure

Gandhipedia to sensitize society

India’s soft power

Harnessing India’s space abilities

Pradhan Mantri Karam Yogi Maandhan

Pension benefits to

retail traders and small

shopkeepers

2

Shipping and Inland

waterways

Rail

Road Bharatmala phase 2 to be

launched. State road

networks will be developed

92

96

100

2017-182018-19(RE)

2019-20(BE)

98.496.2

95

Operating Ratio improving

Air

UDAAN: Number of Operational Airports crossed

100

World’s third largest domestic aviation

market

Jal Marg Vikas project and Sagarmala initiatives: improving logistics, reducing transportation cost and increasing

competitiveness.

PPP in railways infra development

657 km Metro rail network already operational.

National Common Mobility Card launched.

PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT

3

Vision for connectivity

infrastructure

Housing

Promotion of rental housing: Model tenancy law

to be finalised.

Water grids

Regional airports

Power grids

I-ways

Gas grids

Credit Guarantee Enhancement Corporation to be set up in 2019-20

Action plan to deepen long term bonds market

To permit transfer of FII/FPI investment in debt securities issued by IDF-NBFCs to domestic investors

PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT

Houses under PMAY-U: Sanctioned: 81 lakh

Construction started: 47 lakh Completed: 26 lakh Delivered: 24 lakh

Measures for boosting infrastructure financing

4

Startups promotion

FAME Scheme Phase-2 commenced

Income tax deduction of interest on loans for e-vehicle purchase

Push to E-vehicles

Empowering MSMEs and social enterprises

Exclusive TV channel

for startups

Changes in customs duties to promote Make in India

Interest subvention scheme for MSMEs: `350 crore

allocated for 2019-20

Payment platform for bill filing for MSMEs to be

created: to address delays

PUSH TO INVESTMENT: INDUSTRIAL DEVELOPMENT

Social stock exchange for listing social enterprises and

voluntary organisations

E-verification for establishing investor identity and source of funds to resolve tax issues relating to fund raising

Make in India

Customs duty exemption on certain e-vehicle parts

5

4.3 4.8

1.71.3 1.1

0.7

1.8 2.1

0.01.02.03.04.05.06.0

CAD as % of GDP

GROWTH & MACRO-ECONOMIC STABILITY: VISION FOR $5 TRILLION ECONOMY

7.4

88.2

7.26.8

6

6.75

7.5

8.25

GDP Growth rate (%)

Fastest growing major economy in the world

11th largest economy in 2013-14

6th largest economy in 2019-20

GDP

FDI & FPI

CAD

5.6% of GDP in 2013-14

2.1% of GDP

in 2018-19

India attracted $64.4 bn worth of FDI in 2018-19

Local sourcing norms to be eased for FDI in single brand retail

100% FDI to be permitted for Insurance intermediaries

Statutory limit for FPI investment in a company increased to sectoral limit

6

4.33.9 4

3.4

2.6

6.16.6

4.9

5.9

4.94.5

4.1 3.93.5 3.5 3.4 3.3

200

3-0

4

200

4-0

5

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

201

6-1

7

201

7-1

8

201

8-1

9

201

9-2

0

Fiscal Deficit (% of GDP)

51.4 51.6

49.949.5

48.448

2014-15 2015-16 2016-17 2017-18(Actuals)

2018-19(RE)

2019-20(BE)

Central Govt. Debt (% of GDP)

2017-18(Actuals)

2018-19 (RE) 2019-20 (BE)

1,00,045

80,0001,05,000

ON THE PATH OF FISCAL CONSOLIDATION AND INFLATION MANAGEMENT

Disinvestment Receipts (in ₹ crore)

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

Apr-

14

Jul-14

Oct-

14

Jan-1

5

Apr-

15

Jul-15

Oct-

15

Jan-1

6

Apr-

16

Jul-16

Oct-

16

Jan-1

7

Apr-

17

Jul-17

Oct-

17

Jan-1

8

Apr-

18

Jul-18

Oct-

18

Jan-1

9

Apr-

19

CPI Inflation (in %)

Also, India’s sovereign external

debt to GDP ratio

amongst the lowest

globally at less than

5%.

7

0

5,00,000

10,00,000

15,00,000

20,00,000

25,00,000

2017-18(Actuals)

2018-19(BE)

2018-19(RE)

2019-20(BE)

18,78,83321,41,772 21,40,612 24,47,780

Revenue Expenditure (in ` crore)

0

5,00,000

10,00,000

15,00,000

20,00,000

2017-18(Actuals)

2018-19(BE)

2018-19(RE)

2019-20(BE)

14,35,233

17,25,738 17,29,68219,62,761

Revenue Receipts (in ` crore)

0

70,000

1,40,000

2,10,000

2,80,000

3,50,000

2017-18(Actuals)

2018-19(BE)

2018-19(RE)

2019-20(BE)

2,63,1403,00,441 3,16,623

3,38,569

Capital Expenditure (in ` crore)

0

2,00,000

4,00,000

6,00,000

8,00,000

2017-18(Actuals)

2018-19(BE)

2018-19(RE)

2019-20(BE)

7,06,740 7,16,475 7,27,5538,23,588

Capital Receipts ( in ` crore)

BUDGET AT A GLANCE

8

BUDGET AT A GLANCE

19%

GST 21%

Corporate Tax

9%- Non Tax

Revenue

20% Borrowings and Other

Liabilities

16%

Income Tax

3% Non debt

Capital Receipts

8%-Union Excise

Duties

4% Customs

5%

Pensions

7% Finance

Comm. & Transfers

s

8% Other

Expenditure

13% Central Sector

Schemes

9% Centrally

Sponsored

Schemes

8%

Subsidies

9%

Defence

23% States’ Share of

taxes & Duties

18% Interest

Payments

RUPEE COMES FROM RUPEE GOES TO

9

Threshold for applicability of lower corporate tax rate of 25% increased from ₹250 crore to ₹400 crore. Enhanced interest deduction up to ₹3.5 lakh for purchase of an affordable house. Deposit taking and systemically important non-deposit taking NBFCs can now pay tax in the year they receive interest for certain bad or doubtful debts. TDS of 2% on cash withdrawal exceeding ₹1 crore in a year from a bank account to promote less cash economy. Effective tax rate for individuals having taxable income above ₹2 crore has been increased.

No charges or MDR on specified digital mode of payments. These modes are to be compulsorily provided by large businesses. Sabka Vishwas Legacy Dispute Resolution Scheme proposed for quick closure of service tax and excise related litigations.

A scheme of faceless electronic assessment involving no human

interface to be launched this year

Increase in tax collection by 78% from ₹6.4 lakh crore in 2013-14 to ₹11.4 lakh crore

in 2018-19

Aadhaar and PAN to be made interchangeable

FACELESS E-ASSESSMENT

DIRECT TAX REFORMS PAYING OFF

ENHANCING EASE OF TAX PAYERS

TAX PROPOSALS

10

515253545

DRT, SARFAESI,Lok Adalats, etc:

2007-17

Realisation byFinancial Creditorsunder IBC: 2017-19

23

43

Average recovery under various recovery regimes (in %)

REFORM, PERFORM, TRANSFORM

Record Recovery of ₹4 lakh crore in last 4 years due to IBC and other measures

Provision coverage ratio of banks highest in 7 years

Proposed further recapitalisation of PSBs: ₹70,000 crore

Banking & IBC

SWACHH BHARAT

GST

Further simplification of GST Processes

1. Taxpayers having annual turnover of less than ₹5 crore can now file quarterly returns.

2. Fully automated GST refund module shall be implemented.

3. An electronic invoice system is proposed that will eventually eliminate the need for a separate e-way bill.

More than 95% cities and 5.6 lakh villages declared ODF More than 45,000 public and community toilets uploaded on Google Maps

To expand Swachh Bharat Mission to undertake sustainable solid waste management in

every village.

11

0

5000

10000

15000

20000

2018-19(RE) 2019-20(BE)

15500

19000

Pradhan Mantri Gram Sadak Yojana (PMGSY) Outlay (in ₹ crore)

52000

54000

56000

58000

60000

2018-19(BE) 2019-20(BE)

55000

60000

MGNREGA Outlay (in ₹ crore)

100% Households Electrified

UJALA leading to annual cost savings of

₹18,341 crore

Rural Electrification

TRANSFORMING RURAL INDIA

22.6% jump

PMAY-G 1.5 crore rural homes completed

1.95 crore houses proposed for second phase.

Average days for completion: 314 (2015-16) 114 (2017-18)

PMGSY Completion Target advanced

2022 2019

97% of targeted habitations covered

30000 km built using green technology

9% jump

12

FARMER WELFARE AND WATER SECURITY

Pradhan Mantri Matsya Sampada Yojana launched Boost to agro-rural industries through cluster based development under SFURTI scheme with focus on bamboo, honey and khadi clusters 100 new clusters to be set up to enable 50000 artisans during 2019-20 100 Business Incubators to be set up to enable 75000 entrepreneurs under ASPIRE

The scheme will address critical gaps in strengthening value chain, including infrastructure, modernisation,

production, productivity and quality control

Constitution of Jal Shakti Mantrayala 1592 critical and over exploited blocks identified under Jal Shakti Abhiyan

To ensure Har Ghar Jal to all rural households by 2024 under Jal Jeevan Mission Focus on Integrated demand and supply side management at local level, creation of local infrastructure for rainwater harvesting, groundwater recharge and household waste water management

13

20,000 22,000 24,000 26,000 28,000

2018-19 (RE)

2019-20 (BE)

23,357

27,584

WOMEN’S DEVELOPMENT TO WOMEN LED DEVELOPMENT

70% of beneficiaries

under MUDRA scheme are Women

Allocation for ICDS (in ₹ crore)

8 Crore free LPG

connections to be given under Ujjwala Yojana

More than 7 crore

connections already given

To expand women SHG interest subvention programme to all districts

₹1 lakh loan under MUDRA scheme for one woman in every SHG

14

LABOUR AND YOUTH WELFARE

Pradhan Mantri Laghu Vyapaari Mann-Dhan Yojana (PMLVMY)

Pension benefits to around 3 crore retail traders and

small shopkeepers with annual turnover less than ₹1.5 crore.

National Research Foundation to be established to fund, coordinate and promote R&D

₹400 crore provided for ‘World Class Institutions’

for FY 2019-20

Study in India: to bring foreign students to higher

educational institutions

National Sports Education Board to be setup under Khelo India.

To prepare youth for new age skills: Artificial

Intelligence, IoT, Big Data, 3D Printing, Virtual Reality etc

Pradhan Mantri Shram Yogi Maan Dhan (PM-SYM)

About 30 lakh workers have joined the scheme

Rationalising of labour laws into 4 labour codes

proposed.

15

VISION FOR THE NEXT DECADE

Physical and social infrastructure

Digital India

Pollution free India

1

2

Make in India

Blue economy

Space programmes

Self-sufficiency and export of food grains

Healthy society

3

4

5

6

7

8 9

Team India with Jan Bhagidari 10

Water management and clean rivers