You are here: Home » Interim Budget 2019 » News
Business Standard

Here's how the interim Budget impacts the farm and social sectors

The boost for the farm and the social sectors in interim Budget comes with certain riders. Experts at PwC India decode the impact of the measures proposed for these sectors

Topics
Budget 2019  |  Interim Budget 2019

Business Standard 

agriculture

Farm sector


Measures:

Inclusion of animal husbandry and fisheries in Kisan Credit Card (KCC) scheme and availing of interest subvention

Impact:

Inclusion of allied sector farmers

Concerns:

Land remains collateral

Hypothecating livestock and fisheries will have issues for asset identification, tagging and recovery

Measures:

Pradhan Mantri Kisan Samman Nidhi (PMKSN) Scheme

Impact: Direct benefit transfer to small and marginal farmers

Concerns:
Landless labour left out

Land record reconciliation

Land record not fully digitised

Increasing fragmentation of land


Social sector


Measures:

Stagnant allocation of Rs 60,000 crore for MGNREGA

Impact: Lower achievement of targeted person-days

Concerns: The outlay has to be hiked during the year or the target person-days has to be reduced

Measures:

Increased allocation to Ayushman Bharat

Impact: Increase in beneficiaries

Concerns:

Adequacy of Budget outlay in the event of accelerated enrolment

Timely payments to hospitals

Measures:

Pradhan Mantri Shramyogi Man Dhan Yojana

Impact:

Widening the ambit of social security net for unorganised marginal wagers

Concerns:

How the discontinuity in payments is treated

Low interest amongst workers due to large premium paying duration

Measures:

National Programme on Artificial Intelligence

Impact: Greater preparedness to address disruptions by technology

Concerns: Scale of investment and capability dictate that it should be done in partnership with private partners

Measures:

Increased allocation to National Education Mission

Impact: Improvement in the quality of education

Concerns: While school education seems to have received adequate outlays, there is no clarity on the much-needed reforms in higher education

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, February 01 2019. 22:02 IST