2016-17 Union Budget:Highlights...
By: Team Ifairer | Posted: 29-02-2016
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-Agricultural credit target of Rs. 9 lakh crore.
-Four schemes for animal welfare.
-Rs. 2.87 lakh crore for gram panchayats as per recommendation of 14th finance commission.
-Rs. 38,500 crore for MNREGA. Highest ever for the rural employment scheme.
-5,542 villages have been electrified, more than the last three years combined.
-Rs. 9,000 crore sanctioned for Swachch Bharat Abhiyan.
-Two schemes for digital literacy for rural India to cover 6 crore households in the next three years.
-Total rural sector allocation Rs. 87,769 crore.
-Government to provide health insurance upto Rs. 1 lakh per family. 3,000 stores to be opened for generic drugs.
-National dialysis service programme under PPP model. LPG connection for women members of rural homes.
-Hub to support SC/ST entrepreneurs.
-10 public and 10 private educational institutions to be made world-class. Digital repository for all school leaving certificates and diplomas. Rs. 1,000 crore for higher education financing.
-Rs. 1,700 crore for 1500 multi-skill development centers.
-Small shops should be given the choice to remain open on all 7 days a week.
-More than 70,000 road projects were languishing at the beginning of the year. Nearly 85% of these projects have been put back on track.
-Rs. 97,000 crore for all roads. Total outlay on roads and rails will be Rs. 2.80 lakh crore.10,000 km of national highways in 2016-17 and 50,000 km state highways to be converted to NH roads.
-Total outlay for infrastructure is at Rs. 2.31 lakh crore.
-Motor Vehicles Act to be amended to enable entrepreneurship in the road transport sector.
-There are 160 airports and airstrips which can be revived.
-In the power sector, the govt is drawing up a plan for 15-20 years to augment investment in nuclear power. Rs. 3,000 crore per annum for this.