The Gist of Yojana: May 2016
- Union Budget 2016-17 - Highlights ()
- A Shot in the Arm of Agriculture ()
- Infrastructure Provisioning: Strategic with Implementation Challenges (Only For The Subscribed Members)
- Encouragement to Study Space Science (Only For The Subscribed Members)
- Union Budget 2016-17 – It Fiscal Consolidation on Course? (Only For The Subscribed Members)
Union Budget 2016-17 - Highlights
Growth of Economy accelerated to 7.6% in 2015-16
Allocation for Agriculture and Farmers’ welfare is Rs 35,984 crore. ‘Pradhan Mantri Krishi Sinchai Yojana’ to be implemented in mission mode. 28.5 lakh hectares will be brought under irrigation.
- Implementation of 89 irrigation projects under AIBP, which are languishing for a long time, will be fast tracked
- A dedicated Long Term Irrigation Fund will be created in NABARD with an initial corpus of about Rs 20,000 crore .
Allocation for rural sector - Rs 87,765 crore. A sum of Rs 38,500 crore allocated for MGNREGS.
- 100% village electrification by 1st May, 2018.
- A new Digital Literacy Mission Scheme for rural India to cover around 6 crore additional household within the next 3 years.
- New scheme Rashtriya Gram Swaraj Abhiyan proposed with allocation of Rs 655 crore
Allocation for social sector including education and health care - Rs 1,51,581 crore.
- Rs 2,000 crore allocated for initial cost of providing LPG connections to BPL families.
- 3,000 Stores under Prime Minister’s Jan Aushadhi Yojana will be opened during 2016-17.
- ‘National Dialysis Services Programme’ to be started under National Health Mission through PPP mode.
- “Stand Up India Scheme” to facilitate at least two projects per bank branch. This will benefit at least 2.5 lakh entrepreneurs.
- National Scheduled Caste and Scheduled Tribe Hub to be set up in partnership with industry associations.