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Finance Minister gives thank-you Budget to India's masses.
New Delhi: In keeping with the United Progressive Alliance (UPA) government's "inclusive growth" mantra, Finance Minister Pranab Mukherjee on Monday announced a slew of schemes for the aam aadmi (common man).
The major welfare measures for announced in his Budget are:
- Allocation towards National Rural Employment Guarantee Act increased by Rs.39,100 crore
- Agriculture debt waiver extended by six months
- Outlay for national rural health mission increased by Rs.2,057 crore from the Rs.12,070 crore provided in the interim budget
- Allocation for Bharat Nirman scheme increased by 45 percent
- Rs 20,000 crore for rural housing
- Rural electrification scheme to get Rs.7,000 crore more
- Agriculture development fund increased from Rs.2.87 lakh crore to Rs.3.25 lakh crore
- Allocation for urban poor schemes to be raised to Rs.39,730 crore
- LNG infrastructure to be expanded
- National Housing Bank to get Rs.2,000 crore for rural housing funds
- Higher education outlay increased by Rs 2,000 crore over interim budget
- Income tax exemption limit for senior citizens increased by Rs.15,000, for women and others by 10,000 each
- Duties on life-saving drugs reduced
- Allocation for the minority affairs ministry raised to Rs.1,740 crore
- Banking services in under-banked areas to be increased, scheme allocated Rs.100 crore
- Rs 1,000 crore to accelerate irrigation projects
- Allocation for Jawaharlal Nehru National Urban Renewal Mission raised by 87 percent to Rs12,887 crore
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