For Farmers: Modi Government announced that all farmers affected by natural disasters will receive 2% interest subvention upfront for entire loan period, and farmers with up to 2 hectares of land will come under PM Kisan scheme where farmers will receive get Rs. 6,000 per year under PM Kisan scheme which will be cash transferred directly to farmers bank account. PM Kisan scheme will start the transfer of cash with effect from December 2018.

For Income Tax Payers: Modi government announced tax benefit for salaried professionals and pensioners. Salary earners up to Rs. 5,00,000 annual income will receive a full tax rebate. Salaried professionals of up to Rs. 6,50,000 income will not be required to pay tax if they make tax-related investments. The government increased standard deduction from Rs. 40,000 to Rs. 50,000. No TDS on post office savings up to Rs. 40,000 and on rental income up to Rs. 2,40,000 per year. Capital gains tax exemption under Section 54 raised to Rs. 2 crores.

For Pension: Government launches Mega pension scheme for social security coverage of unorganised labour where the government will contribute equally in pension accounts under Mega pension scheme. Unorganised labour will receive Rs. 3,000 per month after the age of 60 under Mega pension scheme. The government announced that the Mega pension scheme is for people with income up to Rs. 15,000 per month and will benefit 10 crore people. The government will contribute 14% under New Pension Scheme.

For Startup: India is set to become the second biggest hub for start-ups, A National Programme for Artificial Intelligence covering 9 areas has been announced.

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