Schemes of Interim Budget 2019-20 in one sight

 Pradhan Mantri Shram – Yogi Maandhan


A mega pension yojana was proposed to be launched for the unorganized sector workers with monthly income up to Rs 15,000. Under this scheme, the farmers will be provided with an assured monthly pension of Rs 3,000 from the age of 60 years on a monthly contribution of a small affordable amount during their working age. If an unorganized sector worker joins the pension yojana at the age of 29 years he will have to contribute only Rs 100 per month till the age of 60 years. On the contrary, if a worker joins the pension yojana at 18 years, will have to contribute as little as Rs 55 per month only.

This very scheme will probably be benefiting around 10 crore workers in the unorganized sector. And May become the world’s biggest pension scheme for the unorganized sector in five years”. An initial amount of Rs 500 crore is being provided for the scheme in the Budget. It’s not only that the workers under the scheme will only have to contribute Rs 100 per month but also an equal contribution would be paid by the government.

The scheme will be implemented from the current year.

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)

The government has launched a historic programme PM-KISAN with an aim of extending direct income support at the rate of Rs. 6,000 per year to vulnerable landholding farmer families, having cultivable land up to 2 hectares. The outlay of Rs.75,000 crore for the FY 2019-20 and Rs.20,000 crore in the Revised Estimates of FY 2018-19” was announced in the interim Union budget of 2019-20.

Under this scheme, it has been proposed that an amount of Rs.2,000 each will be transferred directly to the bank accounts of around 12 crore beneficiary Small and Marginal farmer families, in three equal installments. It’s important to note that this programme has been made effective from 1st December 2018 itself.  The very first installment for the period upto31st March 2019 will be paid during this year only.

Rashtriya Kamdhenu Aayog

The government of India in its interim budget has proposed setting up of Rashtriya Kamdhenu Aayog for upscaling sustainable genetic up-gradation of cow resources and also to enhance production and productivity of cows. The Aayog will be entitled to look after the effective implementation of laws and welfare schemes for cows. The Aayog will not only be advising Gaushala and gausadan involved in protecting cows but will also help in coordination between livestock farmers and cooperatives, FPOs, dairy entrepreneurs etc.

Not only this while considering the importance of cattle and buffaloes the Government has raised the allocation from earlier Rs 250 crore in Budget 2018-19 to Rs 750 crore in Budget 2019-20 under earlier started scheme Rashtriya Gokul Mission.

Conclusion-

With an extreme focus towards the basic need of a common man of the country, the Government has presented its interim budget for the year 2019-20 highlighting its key policies such as ‘Pradhan Mantri Shram-Yogi Maandhan, Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Rashtriya Kamdhenu Aayog etc. The budget also talked about the vision of making next-gen infrastructure, digital, and a pollution-free India by 2030.

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