(GIST OF YOJANA) BUDGET FOR RURAL DEVELOPMENT  [MARCH-2018]

(GIST OF YOJANA) BUDGET FOR RURAL DEVELOPMENT

 [MARCH-2018]

BUDGET FOR RURAL DEVELOPMENT

The Union Minister for Finance and Corporate Affairs, announced important measure to give a boost to livelihoods in rural areas of the country. “As my proposals outlined indicate, focus of the Government next year will be on providing maximum livelihood opportunities in the rural areas by spending more on livelihood, agriculture and allied activities and construction of rural infrastructure”, the Minister said.

In 2018-19, for creation of livelihood and infrastructure in rural areas, total amount to be spent by various Ministries will be Rs.14.34. & lakh crore, including extra-budgetary and non-budgetary resources of Rs.11.98 lakh crore. Apart from employment due to farming activities and self employment, this expenditure will l create employment of 321 crore person days, 3.17 lakh kilometers of rural roads, 51 lakh new rural houses, 1.88 crore toilets, and provide 1.75 crore new household electric connections besides boosting agricultural growth.

Further, the Government substantially increased the allocation of National Rural Livelihood Mission to Rs. 5750 crore in 2018-19. Loans to Self Help Groups (SHGs) of women increased to about Rs. 42, 500 crore in 2016-17. growing 37 per cent over previous year. It is expected that loans to SHGs will increase to Rs 75 ,000 crore by March, 2019.

Strengthening the Ground water irrigation scheme under Prime Minister Krishi Sinchai Yojana Har Khet ko Pani the Government allocated Rs 2600 crore for this purpose. This is expected to provide assured irrigation in 96 deprived irrigation districts where less than 30 per cent of the land holdings get that presently.

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Courtesy: Yojana