As is the tradition, several new schemes across sectors were announced by the Finance Minister Nirmala Sitharaman in her budget speech today (5 July).

Here are the schemes at a glance

1. Interest Subvention For MSMEs

As part of the budget, Rs 350 crore has been allocated for FY 2019-20 for 2 per cent interest subvention for all GST registered MSMEs, on fresh or incremental loans.

2. Pradhan Mantri Karam Yogi Maandhan Scheme

The scheme, similar to the earlier PM Shram Yogi Maandhan Scheme, will extend the pension benefit to about three crore retail traders and small shopkeepers whose annual turnover is less than Rs 1.5 crore. Enrolling into the scheme will be on a…

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