Society and Social Sectors
RURAL SECTOR
NREGA(National Rural Employment Guarantee Act)
· NREGA allocation to Rs 40,100 crore
· Health insurance to NREGA beneficiaries
· Smart Card extended to NREGA
· Banks for all villages with population of 2,000
· Textile ministry will train 30 lakh people
· Indira Awaas Yojana at Rs 10,000 cr
· To provide 2% loan subisdy to farmers
· Rs 100 cr woman farmer fund scheme
· Fertiliser subsidy to be reduced
ENERGY
· Renewable energy allotment up by 61%
· To establish clean energy fund
· Power sector allocation doubled to Rs 5130 cr
BANKS
· Rs 16,500 cr capital support for PSU banks
· Banking licence for pvt, NBFC players being considered
· IIFCL to double refinancing to banks for infra
EDUCATION
· Rs 3675 cr education grant to states
· School education allocation hiked to 31,036 crore
Others
· Pvt sec to meet foodgrain storage deficit
· Uniform concessional duty of 5% on all medical appliances
· Allocated Rs 2,400 cr for MSMEs
· Rs 1.73 lakh crore for infrastructure
· 5 mega food parks to be set up
· Road development allocation up to Rs 19484 cr
· Defence allocation at Rs 1.4 lakh crore
Overall is budget is good for Tax payers(High income group only above 3lakhs) But Nothing has been declared for High education as expected;Moreover Hike in fuel prices definitely going to make potholes in pockets.Hope these "mangoes" will sweetly ripen for "aam" aadmi in future
Compiled & Reviwed
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Article Source : CNN; IBN;NDTV.ZEE NEWS;TIMES OF INDIA
