Budget 2019: Comprehensive restructuring of National Highways Programme on cards, says FM Sitharaman

Union Budget 2019 India: FM said the government has already approved Rs 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

Written by PTI

Updated: July 5, 2019 16:54 IST

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Union Budget 2019 India: She also noted that the government has allocated Rs 350 crore towards interest subvention for MSMEs for 2019-20.

Budget 2019-20: Finance Minister Nirmala Sitharaman Friday said there will be a comprehensive restructuring of National Highways Programme to ensure creation of National Highways Grid of desirable capacity.

Presenting the Budget for 2019-20, she said the government has already approved Rs 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.

Also read: Union Budget 2019 LIVE: Petrol costlier, more tax on rich, housing relief to middle class announced by Nirmala Sitharaman; PAN, Aadhaar interchangeable

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.

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