What does Jharkhand get in Union Budget: Purvodaya, PM Janjatiya Unnat Gram Abhiyan
THE JHARKHAND STORY NETWORK Advertisement Ranchi, July 23: Union Finance Minister Nirmala Sitharaman, while presenting the budget today, announced the Pradhan…
Nirmala Sitharaman
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.
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
- 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’.
- New 109 high-yielding and climate-resilient varieties of 32 field and horticulture crops will be released for cultivation by farmers.
- In the next two years, 1 crore farmers across the country will be initiated into natural farming.
- A provision of Rs 1.52 lakh crore for agriculture and allied sectors was announced for this year.
- 1,000 industrial training institutes will be upgraded.
- For promoting women-led development, the budget carries an allocation of more than Rs 3 lakh crore for schemes benefitting women and girls.
- A provision of Rs 2.66 lakh crore for rural development including rural infrastructure made this year.
- The limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh
- Government to launch a comprehensive scheme for providing internship opportunities in 500 top companies to 1 crore youth in 5 years
- 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.
- 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
- Standard deduction increased from Rs 50,000 to Rs 75,000/- for those in the new tax regime.
- Deduction on family pension increased from Rs. 15,000 to Rs. 25,000.
- 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 - Angel tax was abolished for all classes of investors to boost start-ups and investments
- Corporate tax on foreign companies reduced from 40 to 35 per cent to invite investments
- 5 per cent TDS on many payments merged to 2 per cent TDS
- Capital gain exemption limit increased to Rs 1.25 lakh per year to benefit lower and middle-income classes
- Custom duty on x-ray panels, mobile phones & PCBA reduced to 15 per cent
- Precious metals including gold and silver to become cheaper, and customs duty reduced to 6 per cent.
