Assignment on Budget 2020

Prominent themes of the Budget

Financial
Governance Ease of living
sector

Aspirational
Caring Society
India Economic
Development
 Aspirational India

Agriculture, Irrigation and Rural Development:

PM KUSUM to cover 20 lakh farmers for stand alone solar
pumps and further 15 lakh for grid connected pumps.
Fish Production target of 200Lakh tonnes by 2022-23.
Agricultural credit target of ₹15 lakh crore for 2020-21.
“Kisan Rail” and “Krishi Udaan” to be launched by Indian
Railways and Ministry of Civil Aviation respectively.
Raise fishery exports to ₹1 lakh crore by2024-25.

Education and Skills:

Degree level online education programmes for students of
deprived sections of the society.
Ind-SAT to be conducted in Asia and Africa under Study in India
programme.
Special bridge courses to improve skill sets of those seeking
employment abroad.
 Economic Development
Industry, Commerce and Investments:
Scheme to encourage manufacturing of mobile, phones,
electronic equipment and semi conductor packaging.
NIRVIK Scheme for higher export credit disbursement
launched.
Scheme anchored by EXIM Bank and SIDBI to handhold
MSME;s in export markets.

Infrastructure:
₹103 lakh crore National infrastructure Pipeline projects
announced.
Four station redevelopment projects.
150 passenger trains through PPP mode.
100 more airports to be developed under UDAAN.
National Logistics Policy to be launched soon.

Tax Proposals
Concessional corporate tax rate of 15% to new domestic
companies in manufacturing and power sector.
Dividend distribution tax removed and classical system of
dividend taxation adopted.
Turnover threshold for audit of MSME’s increased.
 Income received by Government

Rupee comes from

Rupee Goes To
Non Debt capital receipts
6% Borrowing and Liabilities
17%
Non tax RevenuePension
20% Customs
7% Centrally Sponsored Scheme
7% 14% GST
10% Subsidies
Corporation Tax Defence
Union Excise Interest payments
11% 10% 7% Income Tax
18% Stare's share of Taxes and Duties
4% Finance commission
9%
18% Central sector Schemes
Other Expenditure
22%
20%

Expenditure of Government

Submitted by: Megha Johri ( Section D)

PGP21097