Rajnath Singh on Interim Budget 2019
I congratulate the Prime Minister and Finance Minister for this historic Interim Budget which is not only development friendly but also pays special attention to the middle class, farmers, workers in unorganised sector and the other vulnerable sections of our society.
The announcement of exemption from income tax to people with income up to Rs 5 lakh and another Rs 1.5 lakh in investments totalling Rs 6.5 lakh will have a major impact on the lives of middle class in general and salaried class in particular.
With PM Kisan Samman Nidhi Yojana the government will provide income support to small and marginal farmers which will bring big relief to farmers. Under this scheme every farmer with land holdings upto 2 hectares will receive a sum of Rs 6,000 per year directly in their bank accounts.
Earlier the governments used to give temporary relief to farmers but the PM Kisan Samman Scheme will insure a permanent income support to all small farmers. The Budget has allocated Rs 20,000 in the current fiscal which shows our government’s intent and commitment to farmers’ welfare.
The labourers working in unorganised sector have also been taken care of in this Budget. Under Pradhan Mantri Shram Yogi Maandhan Yojana, the government will now provide assured monthly pension of 3000 rupees per month after 60 years of age, at a nominal contribution of Rs 100 per month.
On the one hand, the budget is focused on supporting the social infrastructure of our country and on the other hand it pays great attention to strengthening the economic infrastructure. Sectors like defence, agriculture, infrastructure, industry, energy, education and health have been given a big boost in the Budget.
This Budget will go a long way in accelerating the process of making a New India which is confident, self- reliant, developed and prosperous. It also highlights the vision and way forward for making India a 10 trillion dollar economy by 2030.