Union 2020 budget: Sitharaman announces new schemes and programs

NEW DELHI: The finance minister presented a series of new initiatives and funds for new schemes and programs while presenting at Parliament on Saturday.

Aspirational India, economic development and a solidarity society for all are the three outstanding themes of the 2020-21 Union, Sitharaman said.

Here is a look at the new initiatives and schemes that your government plans to launch:

  • The government plans to build a national cold supply chain without interruptions for perishable products. Fot that the Indian Railways will establish Kisan Rail through the PPP model so that perishable products can be transported quickly. Krishi Udaan will be launched by MoCA on international and national routes.
  • The government will also introduce Texas-type trains to connect iconic destinations.
  • The government plans to establish hundreds more airports by 2024 to support the UDAN scheme.
  • The IND-SAT exam will be conducted in African and Asian countries to evaluate foreign candidates who wish to study in India.
  • The finance minister listed a 16-point action plan for farmers, with the goal of doubling farmers' incomes by 2022.
  • The finance minister also allocated Rs 12.3 billion rupees for the Swachh Bharat Mission for the year 2020-21.
  • The government allocated Rs 85,000 million for scheduled castes and other overdue classes, while Rs 53,700 million for scheduled tribes.
  • The government allocated Rs 27.3 billion rupees for the development of industry and commerce.
  • Krishi UDAN will be launched by the civil aviation ministry on international and national routes, improving the realization of value in the northeast and tribal districts.
  • The government allocated Rs 22,000 crore to the renewable energy and energy sector in 2020-21.
  • Twenty lakh farmers under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahaabhiyan will receive assistance to install solar energy pumps.
  • The government also announced the establishment of a large capacity of solar energy along the train tracks, on land owned by Railways.
  • The finance minister proposed Rs 99.3 billion for the education sector in 2020-21 and Rs 3 billion for skill development.
  • The finance minister also proposed attaching a medical school to a district hospital in the PPP model to meet the shortage of qualified doctors, both general practitioners and specialists. The FM said the details of the proposal will soon be resolved.
  • The finance minister also introduced the concept of 'Sagar Mitras', where young people and fishing extension activities will be enabled by rural youth, forming 500 aquaculture producing organizations.