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Important Announcements made by Union Finance Minister Shri Arun Jaitley in his Budget speech 2016-17

Budget - Dated:- 29-2-2016 - 1. Big Focus on Agriculture and Farmer Welfare (i) Farmer s income to be doubled by 2022. (ii) 28.5 lakh hectares will be brought under irrigation under Pradhan Mantri Krishi Sinchai Yojana. (iii) 89 irrigation projects, requiring ₹ 86,500 crore in next five years, to be fast tracked. 23 of these projects to be completed before 31st March, 2017. (iv) Dedicated Long Term Irrigation Fund will be created in NABARD with initial corpus of ₹ 20,000 crore. (v) T .....

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ilities, will be opened in the next three years. (x) Unified Agricultural Marketing E Platform to be dedicated to the Nation on the Birthday of Dr. Ambedkar on 14th April, 2016. 2. ₹ 27,000 crore including State s share to be spent on PMGSY in 2016-17. Target date of completion of PMGSY advanced from 2021 to 2019. 3. ₹ 9 lakh crore will be given as Agricultural credit in 2016-17. 4. FCI will undertake online procurement of food grains. This will bring transparency and convenience to .....

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Deen Dayal Antoyodaya Mission. (iii) 300 Rurban Clusters will incubate growth Centres in Rural Area. (iv) All villages will be electrified by 1st May, 2018. (v) A new Digital Literacy Mission scheme will be launched for rural India to cover around 6 crore households in next three years. (vi) Modernisation of Land Records through revamped National Land Records Programme. (vii) Rashtriya Gram Swaraj Programme to be launched. 7. Targeted Delivery of Government subsidies and benefits to ensure that .....

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fit in 2016-17. Scheme will continue for two more years to cover a total of 5 crore BPL households. LPG connection to be given in the name of woman member of the family. (ii) New Health Protection scheme will be launched. Health cover up to ₹ 1 lakh per family and additional ₹ 30,000 for senior citizens to be provided. (iii) 3000 stores under Prime Minister s Jan Aushadhi Yojana will be opened in 2016- 17. (iv) National Dialysis Services Programme will be launched. Tax exemptions giv .....

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of ₹ 1,000 crore. (iv) Digital Depository will be set up for educational certificates, mark-sheets, awards etc. 11. Skills (i) 1500 Multi Skill Training Institutes will be set up under Pradhan Mantri Kaushal Vikas Yojana (ii) National Board for Skill Development Certification will be set up in partnership with industry and academia. (iii) Entrepreneurship education and training will be provided in 2200 colleges, 300 schools, 500 govt. it is and 50 vocational training centres through open .....

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ays a week on voluntary basis. New jobs in retail sector. 13. Measures in the sectors of Infrastructure, Investment, Banking, Insurance etc. (i) ₹ 2,18,000 crore will be spent on capital expenditure of roads and railways in 2016-17. Includes: ₹ 27,000 crore PMGSY 55,000 crore Road Transport and highway 15,000 crore NHAI Bonds 1,21,000 crore Railways (ii) Unserved and underserved airstrips to be revived by AAI and also in partnership with State Governments. (iii) Road transport sector .....

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ed; and guidelines for renegotiation of PPP agreements will be issued, without compromising transparency. (vi) Changes in FDI Policy. (vii) For the benefit of farmers, 100% FDI through FIPB route will be permitted for marketing of food products, produced and manufactured in India. This will give big encouragement to food processing industry and create new jobs. (viii) Guidelines for strategic disinvestment have been approved and will be spelt out. (ix) Individual units of CPSEs can be disinveste .....

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