Union Budget 2020: Glance Of New Schemes and Initiatives_00.1
Latest Banking jobs   »   Union Budget 2020: Glance Of New...

Union Budget 2020: Glance Of New Schemes and Initiatives

Finance Minister Niramala Sitharaman is giving her first full time Budget speech today. Prior to this, she had presented Interim Budget in 2019. This is the fresh new budget of the new decade. Mrs Sitharaman come up with new hopes with the budget focussing on key schemes and initiatives that our government is running and is about to initiate.

Also check: Union Budget 2020-21 Key Highlights: Download PDFs

With aspirational India, economic development for all, and develop a caring society as the themes of Budget 2020, the important schemes are given here:

Nirvik Scheme

This new scheme is launched in order to achieve higher export credit disbursement with the following benefits

  • Higher insurance coverage
  • Reduction in premium for small exporters
  • Simplified procedure for claim settlements.

Kisan Rail

Kisan Rail is to be set up by Indian Railways under PPP (Public Private Partnership) model to transport perishable goods. This will help in  building a seamless national cold supply chain for perishables goods can be transported quickly.

Krishi UDAN Scheme

One of the hit scheme in this budget as explained by Nirmala Sitharaman, Finance Ministry is the introduction of Krishi UDAN which will be launched by Ministry of Civil Aviation on international and national routes focusing to enhance value realization in North East and tribal districts.

One District One Product Initiative

Finance Minister has come up with a new initiative in her Budget 2020-21 which is named as “One Product for One District”. This will help in improving marketing and export supporting states so that focus is given at district level for horticulture to gain strength in the economy.

“Vivaad Se Vishwas” Scheme

Government is about to launch Vivaad Se Vishwas Scheme to reduce tax litigation. This is in lieu to amend I-T Act to allow faceless appeals.

PM-KUSUM

Ministry of New and Renewable Energy (MNRE) launched the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) Scheme for farmers for installation of solar pumps and grid connected solar and other renewable power plants in the country. It has been expanded in this new Budget with these provisions:

  • 20 lakh farmers provided for setting up stand-alone solar pumps.
  • 15 lakh more farmers to be helped to solarize their grid-connected pump sets.
  • Solar power generation capacity to be set up on the fallow/barren lands of farmers and to sell it to the grid

Also check:

Click Here to Get Full Updates of BUDGET 2020-21

Economic Survey 2020

Download SBI Clerk Prelims 2021 Memory Based Mock PDF

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.

Was this page helpful?

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Login

OR

Forgot Password?

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Sign Up

OR
Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Forgot Password

Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to
/6


Did not recive OTP?

Resend in 60s

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Change Password



Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Almost there

Please enter your phone no. to proceed
+91

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to Edit Number


Did not recive OTP?

Resend 60

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?