Highlights – Budget 2016

  • Govt targets to cover 14 crore farm holdings by 2017, Paramparagat Krishi Vikas Yojana to bring 5 lakh acres under organic farming.
  • Big outlay for irrigation – ₹86500 cr over next 5 years. 28.5 lakh hectares to be brought under irrigation.
  • Dedicated irrigation fund of ₹20,000 crore to be set up under NABARD.
  • 15,000 cr for loan repayment for farmers. Rs 19,000 crore to be allocated for Pradhan Mantri Gram Sadak Yojana.
  • Rs 19,000 crore to be allocated for Pradhan Mantri Gram Sadak Yojana.
  • A path-breaking farm insurance scheme PM fasal bima yojana alloted Rs. 5500 cr
  • 2.87 lakh cr stationed as grants to gram panchayats for development of rural economy.
  • Deendayal Antyoday Mission for drought affected blocks.
  • Rs. 38500 crore for MNREGA in 2016-17, highest ever in a year.
  • 5542 villages have been electrified already & Govt targets 100% Rural electrification by 1st May 2018. ₹8500 Cr allotted.
  • Rs. 9000 crore allocated for Swachh Bharat Abhiyaan.
  • Digital Literacy mission to be launched to cover 60 million rural Indians.
  • 300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission.
  • Total Rural development spending in Budget2016 will be ₹87765 crore.
  • Rs. 2000 crore for providing LPG connection to 1.5 crore BPL families in 2016-17.
  • National Dialysis Services program to be launched across district hospitals. They are to be funded in PPP model.
  • Health protection scheme to provide insurance up to Rs. 1 lakh per family. Additional Rs. 30000 for senior citizens. 3,000 stores to be opened for generic drugs.
  • Expansion of sarva shiksha abhiyaan. 20 institutions to be supported to become world-class research institutions ₹1000Cr allotted. 62 new navodaya vidyalayas to be set up. 
  • Rs. 5000 cr Stand up India scheme approved for promotion of SC, ST and women entrepreneurs.
  • The govt will pay EPF contribution of 8.33% for all new employees for 1st three years for salary up to ₹15000 per month.
  • FM calls for small shops should be allowed to open 7 days a week. Model Shops and Establishments Bill to be circulated, for voluntary adoption by states.
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