What does Jharkhand get in Union Budget: Purvodaya, PM Janjatiya Unnat Gram Abhiyan 

THE JHARKHAND STORY NETWORK

Ranchi, July 23: Union Finance Minister Nirmala Sitharaman, while presenting the budget today, announced the Pradhan Mantri Janjatiya Unnat Gram Abhiyan for improving the socio-economic conditions of tribal communities in the country.

The programme aims at achieving saturation coverage for tribal families in tribal-majority villages and aspirational districts.

Purvodaya

She also announced that the government will formulate a plan, Purvodaya, for the all-round development of the eastern region covering Bihar, Jharkhand, West Bengal, Odisha and Andhra Pradesh.

Other announcements which will also benefit people in Jharkhand

1. PM’s package of 5 schemes and initiatives with an outlay of Rs 2 lakh crore to facilitate employment, skilling and other opportunities for 4.1 crore youth in 5 years for the pursuit of ‘Viksit Bharat’.
2. New 109 high-yielding and climate-resilient varieties of 32 field and horticulture crops will be released for cultivation by farmers.
3. In the next two years, 1 crore farmers across the country will be initiated into natural farming.
4. A provision of Rs 1.52 lakh crore for agriculture and allied sectors was announced for this year.
5. 1,000 industrial training institutes will be upgraded.
6. For promoting women-led development, the budget carries an allocation of more than Rs 3 lakh crore for schemes benefitting women and girls.
7. A provision of Rs 2.66 lakh crore for rural development including rural infrastructure made this year.
8. The limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh
9. Government to launch a comprehensive scheme for providing internship opportunities in 500 top companies to 1 crore youth in 5 years
10. Under PM Awas Yojana Urban 2.0, the housing needs of 1 crore urban poor and middle-class families will be addressed with an investment of Rs 10 lakh crore.
11. Phase IV of PMGSY will be launched to provide all-weather connectivity to 25,000 rural habitations.

Also Read: Boost for MSMEs with credit support, doubling of MUDRA loan limit, new SIDBI branches 

Also Read: Changes in income tax slab, standard deduction raised by 50% to Rs 75,000

Relief to 4 crore salaried individuals and pensioners in income tax

1. Standard deduction increased from Rs 50,000 to Rs 75,000/- for those in the new tax regime.
2. Deduction on family pension increased from Rs. 15,000 to Rs. 25,000.
3. Over 58 per cent of corporate tax receipts collected under the new regime
   Two third of individual income taxpayers switched over to the new income tax regime
4. Angel tax was abolished for all classes of investors to boost start-ups and investments
5. Corporate tax on foreign companies reduced from 40 to 35 per cent to invite investments
6. 5 per cent TDS on many payments merged to 2 per cent TDS
7. Capital gain exemption limit increased to Rs 1.25 lakh per year to benefit lower and middle-income classes
8. Custom duty on x-ray panels, mobile phones & PCBA reduced to 15 per cent
9. Precious metals including gold and silver to become cheaper, and customs duty reduced to 6 per cent.