(The Gist of Kurukshetra) Budget Highlights 2018-19 [MARCH-2018]

(The Gist of Kurukshetra) Budget Highlights 2018-19


Budget Highlights 2018-19

  • General Budget 2018-19 is guided by mission to strengthen agriculture, rural development, health education, employement, MSME and infrastructure sector.
  • Doubling farmers' Income - Minimum Support Price for all unannounced Kharif crops will be one and half times ‘ of their production cost like majority of Rabi crops.
  • Institutional Farm Credit - raised to Rs. 11 lakh crore in 2013-19 from Rs. 10 lakh crore in 2017-18.
  • Under Pradhan Mantri Krishi Sincndi Yojana- Har Khet ko Pani’96 deprived irrigation districts will be taken up with an allocation of Rs 2600 crore.
  • 22,000 rural Haats to be developed and upgradedinto Gramin Agriculturai Markets to protect the interests of 86 iller cent small and marginal farmers.
  • “Operation Greens" launched to address price fluctuations in potato, tomato and onion for benefit of farmers and consumers.
  • Two New Funds of Rs 10,000 crore announced for Fisheries and Animal Husbandary sectors;
  • Re-structured National Bamboo Mission gets Rs. 1290 crore.
  • Loans to Women Self Help Groups will increase to Rs. 75,000 crore in 2019 from Rs 42,500 crore last year.
  • Under Ujjwala Scheme distribution of free LPG connections will be given to 8 crore poor women instead of the previous target of 5 crore women.
  • Outlay on health, education and social protection will be Rs. 1.38 lakh crore.
  • Tribal students to get Ekalavya Residential Schools in each tribal block by 2022. Welfare fund for SCs gets a boost.
  • World’s largest Health Protection Scheme covering over 10 crore poor and vulnerable families launched with a family limit upto 5 lakh rupees for secondary and tertiary treatment.
  • Rs. 14.34 Lakh Crore to be spent in 2018-19 for creation of livelihood and infrastructure in rural areas.
  • Education will be treated holistically from pre-nursery to class Xll. Rs. 1,00,000 Crore initiative to drive research and infrastructure over the next four years.

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Courtesy: Kurukshetra