According to the Union Budget 2019 20 the government has proposed to allocate how much amount for PS...........

Current GK (SBI-PO) Budgeting and Fiscal policy

According to the Union Budget 2019-20, the government has proposed to allocate how much amount for PSU Bank recapitalisation?

Rs 75,000 crore

Rs 80,000 crore

Rs 90,000 crore

Rs 70,000 crore

Rs 60,000 crore

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Explanation:

* The government has also proposed to allocate Rs 70,000 crore for PSU bank recapitalisation and has enhanced the target for disinvestment to Rs 1,05,000 crore.
* FM Sitharaman specified multiple provisions and structural changes towards the banking sector, starting with provision of about Rs 70,000 crore in terms of additional capital infusion to state-owned banks to support credit improvement.
* The Budget also proposed to provide PSU banks one-time 6-month credit guarantee of Rs 1 lakh crore to buy high-rated pooled assets of "sound" NBFCs, adding that fundamentally sound NBFCs will keep getting funding from banks, Mutual Funds.

hence option 4 is correct