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NEW DELHI: The Union Budget 2019-20 , presented by finance minister Nirmala Sitharaman on Friday lays out the roadmap for a ' New India '. It reflects upon economic growth, employment generation, development in infrastructure and social sector .Here is how it will impact different sectors:- Additional deduction of up to Rs 1.5 lakh for interest paid on loans for purchase of house of value up to Rs 45 lakh- PAN and Aadhaar will become interchangable. Those who do not have PAN will be allowed to file income tax return (ITR) using their Aadhaar number.- Additional income tax deduction of Rs 1.5 lakh on interest paid on loans taken to purchase electric vehicles- New Education Policy will transform the higher education system of India to one of the best global education systems- National Research Foundation has been created to fund, co-ordinate and promote research- 'Study in India' Programme to help India attract foreign students to make India a global higher education hub- Setting up 'Higher Education Commission of India' to promote greater autonomy and focus on academic outcomes- Setting up of National Sports Education Board for development of sportspersons under Khelo India Scheme- To encourage women enterprise, women self-help group (SHG) interest subvention programme to be expanded to all districts- Every verified women SHG member having a Jan Dhan Bank Account, to be allowed an overdraft of Rs 5,000- One woman in every SHG to be made eligible for a loan up to Rs 1 lakh under the Mudra Scheme- Under the Interest Subvention Scheme, Rs 350 crore has been allocated for 2 per cent interest subvention for all GST registered MSMEs on fresh or incremental loans- Creation of payment platform for MSMEs to enable filing of bills and payment thereof, to eliminate delay in payment- Pension benefit extended to three crore retail traders and shopkeepers with annual turnover of up to Rs 1.5 crore, under Pradhan Mantri Karam Yogi Maandhan Scheme- Pradhan Mantri Matsya Sampada Yojana to establish robust fisheries management framework to address critical gaps in value chian- Dairying through co-operatives to be encouraged by creating infrastructure for milk procurement, processing, and marketing- Creation of 10,000 new farmer producer organisations to ensure economies of scale for farmers over next 5 years- Innovative pilots of 'Zero Budget Farming' to be replicated across the country for doubling farmers income- Start ups not to be subject to any scrutiny in respect of valuations of share premiums to resolve 'angel tax' issue- E-verification to resolve the issue of establishing identity of the investor and source of his funds- Start ups are no longer required to justify fair market value (FMV) of their shares issued to Category-II AIFs (alternate investment funds) to protect them from unnecessary income tax scrutiny- Relaxation in conditions for carry forward and set off of losses- Exemption of capital gains arising from sale of residential house for investment in start ups, extended up to March 31, 2021- Public sector banks to be further provided Rs 70,000 crore capital to boost credit for a strong impetus to the economy- Regulation authority over the housing finance sector to return to RBI from NHB to ensure efficient and conducive regulation of the housing sector- Strengthening the regulatory authority of RBI over NBFCs to ensure robust regulation