Jaitley presents ‘election-bound’ budget with revolutionary healthcare scheme for poor

Jaitley presents ‘election-bound’ budget with revolutionary healthcare scheme for poor

New Delhi: Ahead of the election year in 2019, Union Finance Minister Arun Jaitley on Thursday presented a wide-ranging Union Budget that envisages a landmark healthcare scheme for the poor proposing to bring 500 million people under it with an annual hospitalisation limit of up to Rs 5 lakh while keeping the personal income tax limits unchanged.

The Budget focused on agriculture production aiming to send a message to the suffering farmers while promising to boost growth and create jobs.

Jaitley said the national healthcare scheme will cover 50 crore (500 million) beneficiaries (10 crore or 100 million families) and going to be the world’s largest government funded healthcare programme.

“We will build a new India in 2022. It will generate lakhs of jobs for women,” said Jaitley.

It will be extended further after ascertaining the results of this scheme, said Jaitley.

According to Bloomberg, farmers and villagers and companies with exposure to agriculture, emerge as the biggest winners while Bond investors might just be the biggest losers.

Jaitley announced a Rs 2000 crore investment for developing the agricultural market promising farm output at record level.

He said India is on road to achieve 8% growth. He said 9000 km national highways will be completed.

–IBNS

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