The new finance minister along with the government presented the first union budget of 2019. There were more than 80+ comments and proposals. Out of these we chose 37 important proposals which you must definitely read about!
Here is the list of the comments and proposals made in the Union Budget 2019:
Indian economy reached 2.7 trillion $ in the last 5 years.
Our next target is to reach 3 trillion $ in 2019 itself.
We are now the 6th largest economy in the world.
New series coins of 1,2,5,10 and 20 easily identifiable to the visually impaired has been launched in March 2019 and will be made available to public soon.
India will have to enter aircraft financing.
India must invest highly in infrastructure to increase growth
Major reforms will be planned and implemented for the Aam Aadmi
More emphasis will be given to MSME’s and start ups!
New Metro lines will be given a push.
National common mobility card to be used for multiple transport charges.
Incentives for producing and purchasing electronic vehicles.
One Nation – One grid scheme to make power sharing more efficient.
Hassle free loan of 1 crore for MSME’s to be given in 59 minutes.
SEBI has proposed a social stock exchange.
Priority focus on Gaon, Grameen and Kisaan.
95 crore houses to be provided under Awas Yojana – Grameen
125,000 kms to be constructed within the next 5 years.
Zero budget farming to return as plans made to double farmer’s income.
Clean drinking water for rural households under Har Ghar Jal scheme by 2024
Since Oct 2016 under Swach Bharat Scheme, 60 crore toilets have been constructed.
Over 5 lakh villages are now defecation free.
2 crore rural Indians are now digitally literate.
For youth, new national research foundation will be launched.
Plan to have 3 Indian colleges in world’s Top 200.
Bid to invite foreign students in India: “Study in India” scheme
Launch of “Khelo India” scheme to focus on sports development.
35 crore LED bulbs have been distributed.
TV channel under DD with prime focus on start ups
Focus will be made on clean environment.
Big push to be given on women empowerment.
Aadhar card for NRIs on return under 180 days on arrival.
17 iconic sites have been identified to promote tourism.
NPAs of banks have reduced by INR 1 lakh crores.
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