2019 Interim-Union budget of India

The 2019 Interim Union Budget of India was presented by acting Finance Minister Piyush Goyal on 1 February 2019. The government introduced Pradhan Mantri Kisan Samman Nidhi 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 inr 6000 for farmers having up to 2 hectares of land. The amount is available in 3 equal installments of Rs.2000 each under Pradhan Mantri Kisan Samman Nidhi. inr 3000 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 inr 500000. Standard deduction of inr 50000 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.