Budget Highlights
Updated: Feb 01, 2018 06:11:49am
- 10 prominent tourist sites to be developed into "iconic" tourist sites
- Now comes urbanization: 99 cities to be 'Smart Cities', allocation increased; Heritage cities scheme to get a push. 10 'Adarsh' monuments
- NHAI to organize road assets in to a special purpose vehicle and then raise capital
- Confident of completing highways of 9000 kilometres in 2017-2018
- Need investment of Rs 50 lakh crore for Infrastructure sector
- Finance Minister Arun Jaitley has increased the earmarked allocation for Scheduled Castes (Rs 56,000 crore) and Scheduled Tribes (Rs 39,000 crore) in Budget 2018.
- Rs 3,794 crore allocated for credit support to through capital and interest subsidy to Micro Small and Medium Enterprises
- Government to announce measures to ease NPA burden on MSMEs
- Online sanction of loans to MSMEs will be increased
- Use of fintech will help MSME to grow
- In 2018-19, to allocate Rs 3 lakh cr lending under MUDRA scheme. Targets crossed during the previous year
- 3794 crores for credit support, capital for MSMEs in Budget 2018
- Mass formalization taking place after GST
- MSME database to help financing of MSMEs
- To on-board publics sector banks on TReDS and link with GST
- Govt to soon announce measures for NPAs and stressed account for MSMEs
- Ease the cash flow challenges by the MSMEs, to reduce tax burden
- MUDRA Yojana led to sanction of 4.6 lakh crores to 10.38 crores MUDRA loans
- MSMEs can become a powerful vehicle for delivering loans under MUDRA
- MUDRA to be reviewed for betting financing
- Use of Fintech to help finance to the MSMEs
- Venture capital funds needs a special regulatory, government working towards the same
- Creation of jobs has been at the core of policy planning
- To improve quality of teachers, govt to launch integrated B-ed programme. The govt aims to move from black board to digital board in schools by 2022
- Jaitley: Health, Education and Social Protection is next on FM Jaitley's list. "Improvement in quality of teachers can improve quality of education.The government proposes to treat education holistically without segmentation," he says.
- Jaitley: Its our endeavour that by 2020 every poor citizen of the country should have his own house. For this government will establish a dedicated affordable housing fund in the national housing bank through various funding measures.
- Swachh Bharat Mission has led to over 6 crore toilet facilities being provided so far. In the next 2 years another 2 crore toilets will be added for defecation free country, Jaitley says
- FM proposes to extend kisan credit card to fisheries & animal husbandry farmers and allocate Rs 10,000 cr for fisheries & aquaculture, animal husbandry funds.
- Government proposes to launch Operation Green for which a sum of Rs 500 crore will be allocated.
- Committed to welfare of farmers, doubling farmers’ incomes, higher income for farmers.
- Focus on farm and non-farm employment.
- Organized cultivation
- 200 crores for oil and aroma industry
- Food processing at 8 per cent. Allocation in food 715 doubled to 1400 crores
- Govt to support specialised research institution in food processing sector
- Operation Green: Farmers producers’ organization, agri facilities, 500 crores for the operation
- Bamboo is ‘green gold’, restructured national bamboo project
- Micro irrigation fund, time to expand focussed investments
- Setting up of Fishery and Animal Husbandry sector , 10,000 crores
- Manufacturing sector back on the revival path, with exports expected to grow at 15% in FY18
- Govt announces Operation Green on the lines of Operation Flood to realise agriculture potential of the country. Rs 500 crore allocation made
- 470 APMC connected to e-nam
- More than 80% are small and marginal farmers
- To develop 22,000 gramin agri markets
- NITI Aayog to work on mechanism so that farmers get better price on their products
- An Agrimarket infrastructure fund with a corpus of Rs 2,000 crore will be created
- Farmers cooperatives, women's self-help groups to be encouraged to take up organic farming
- Food processing sector growing 8% a year. Allocation doubled. Will allocate Rs 1400 crore for the same.
- Rs 500 crore for agri logistics
- Budgetary allocation for agriculture credit raised to Rs 11 lakh crore. Will announce favourable tax treatment for farmer organisations
- Committed to welfare of farmers, doubling farmers’ incomes, higher income for farmers.
- Focus on farm and non-farm employment.
- Organized cultivation
- 200 crores for oil and aroma industry
- Food processing at 8 per cent. Allocation in food 715 doubled to 1400 crores
- Govt to support specialised research institution in food processing sector
- Operation Green: Farmers producers’ organization, agri facilities, 500 crores for the operation
- Bamboo is ‘green gold’, restructured national bamboo project
- Micro irrigation fund, time to expand focussed investments
- Setting up of Fishery and Animal Husbandry sector , 10,000 crores
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