They expect that finance minister may increase budget for social schemes or announce new scheme. So Bhartiya Janta Party’s vote bank can increase in 5 states legislative election.
But the central government confirm that the will not announce any scheme. Which affect legislative election 2017 in five states Uttar Pradesh, Punjab, Uttrakhand, Manipur & Goa.
Government increase 35% in Schedule Cast Welfare Budget
In two states Uttar Pradesh & Punjab has many number of population of Schedule Caste. So government increase the budget of schedule caste to deduct the BSP vote bank. Some time ago the government also launched the BHIM app for digital transaction.
Cut Tax Rate 5% for MSMEs
FM announce that the government cut 5% tax rate for small companies with annual turn over upto Rs. 50 crore. Now the companies will pay 25% instead of 30% which annual turnover upto 50 crore.
Finance Minister tried to strike Muslim Vote through Budget 2017
There is no muslim candidate from Bhartiya Janta Party (BJP) in UP Legislative Assembly Election 2017. So government increase the Minority Welfare Budget. And now it will be 4,195 crore rupees. FM also increase the budget of Schedule Tribe for 2017-18. Now Schedule Tribe Welfare Budget will be Rs 31920 crore for year 2017-18.
No Tax for individual annual income upto 3 lakh rupees
Government benefited to individual which annual income upto Rs. 3 lakh. If the individual’s annual income over 3 lakh and less than 5 lakh then they will need pay only 5% instead of 10%. It seems government gives the gift to these category people. Because they help to government at the time of demonetization.
Government try to attract women giving Rs. 6000/-
Central government will give Rs. 6000/- for every women as maternity benefit. The women will need to undergo institutional delivery for hospital admission. The purpose of this scheme to encouraging institutional deliveries in order to reduce maternal as well as infant mortality.