Highlights of Union Budget 2019-20
Highlights of Union Budget 2019-20
Published:
New Delhi: Union Finance and Corporate Affairs Minister Nirmala Sitharaman presents the Union Budget 2019 in the Lok Sabha, on July 5, 2019. (Photo: IANS/LSTV)
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New Delhi, July 5 (IANS) Union Finance Minister Nirmala Sitharaman in her
maiden Budget Speech on Friday announced sops for various sectors.
The key highlights are as follows:
Measures related to MSMEs:
* Pradhan Mantri Karam Yogi Maandhan Scheme
* Pension benefits to about three crore retail traders & small shopkeepers with annual turnover less than Rs. 1.5 crore.
* Enrolment to be kept simple, requiring only Aadhaar, bank account and a self declaration.
* Rs 350 crore allocated for FY 2019-20 for 2 per cent interest subvention (on fresh or incremental loans) to all GST-registered MSMEs, under the Interest Subvention Scheme for MSMEs.
* Payment platform for MSMEs to be created to enable filing of bills and payment thereof, to eliminate delays in government payments.
--IANS
in
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