Budget 2020 (1): Highlights of Union Budget-2020

In 2019, the government’s debt declined to 48.7 percent of GDP.

FDI investment came to $ 28400 million in five years.

In five years, the average inflation rate was 4.5 percent and average GDP growth was 7.4 percent.

A smooth version of GST will come by April 2020.

Will try to give employment to the youth.

60 lakh new taxpayers were added in the last five years.

The implementation of GST has been a historic decision of the government.

The foundation of our economy is strong, efforts continue to make the economy grow faster.

Will introduce new schemes for medical devices.

5 new smart cities will be created under PPP model.

Investment clearance sale will be made.

Provision of National Forensic University.

3000 crores allocated for skill development.

Rs 99300 crore allocated for education sector.

Will promote ‘Study in India’.

Provision of online degree programs for poor students.

Provision of Medical University in District Hospitals.

FDI will be brought for the education sector.

New education policy will be brought soon

Will eliminate TB by 2025.

3.6 lakh crores allocated for the Jalajivan Mission.

Rs 12300 crore allocated for Swachh Bharat.

69000 crore proposal for health sector.

New hospitals to be built on PPP model under Ayushman Yojana

Krishi Udaan Yojana will be launched on International, National Route.

2.83 lakh crore allocated for agriculture, irrigation.

Framework for fisheries expansion will be decided.

Milk will double processing capacity by 2025.

NABARD will expand the scope of the re-financing scheme.

A target of Rs 15 lakh crore for farmer credit.

Facility of women to set up seed banks with the help of NABARD through Dhanya Laxmi Yojana.

Appropriate number of warehouses will be created for crop production.

Also provision for chemical free farming.

Government will provide facility to install 1.5 million solar power devices on barren land.

Farmer rail will be built under PPP model.

Chemical fertilizers will change the incentive method.

The Modern Agriculture Land Act will be implemented by the state governments.

Work will be done on the development of 100 drought prone districts of the country.

To provide solar pumps to 20 lakh farmers of the country.

About 6.22 crore farmers benefit from PM Crop Insurance Scheme.

Ongoing………….

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