Budget 2019: Comprehensive Restructuring Of National Highways Programme On The Cards

Presenting the Budget for 2019-20, FM said that the government has already approved Rs. 10,000 crore for FAME II scheme on April 1, 2019 to encourage faster adoption of EVs, contributing to the overall growth of the auto sector.

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Budget 2019 for Auto: Over Rs. 80,000 crore has been allocated over next 5 years for rural roads

Finance Minister Nirmala Sitharaman on Friday said there will be a comprehensive restructuring of National Highways Programme to ensure creation of National Highways Grid of desirable capacity. The FM was presenting the Union Budget 2019 in the Parliament.

Also Read: Union Budget 2019: Govt. Recommends Reduction Of GST From 12% To 5% On Electric Vehicles

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Presenting the Budget for 2019-20, she said the government has already approved ₹ 10,000 crore for FAME II scheme on April 1, 2019 to encourage faster adoption of electric vehicles by providing right incentives and charging infrastructure. She also noted that the government has allocated Rs 350 crore towards interest subvention for MSMEs for 2019-20. The finance minister said model tenancy law will be finalised and circulated to states. Pension will be provided to 3 crore retail traders under Pradhan Mantri Karmyogi Mandhan scheme, Sitharaman said.

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