Approving 12 Crore Small farmers with income support, a state-of-the-art Pension initiative for 10 Crore unorganized sector workers, exempting income up to Rs. 5 lakhs from the Income Tax, highest ever budget allocation of Rs 3 lakh crore for Defence, record allocation of funds at Rs. 59 crores for North Eastern Areas, a new AIIMS for Haryana, single window clearance for Indian film makers at par with foreigners and higher budgetary allocations of Education, Health, Infrastructure for the benefits of weaker sections including SC/ST, a Separate Department of Fisheries for welfare of 1.5 crore fisherman are a few of the key highlights of the Budget 2019-20. The budget was presented at the Parliament on 1st Feb, 2019 by the Union Minister of Finance Mr. Piyush Goyal. In addition to a major initiative for the farmers, it provides tax concessions and sets the Developmental Agenda for the years to come. Key Highlights New Scheme- namely “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)