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Budget Highlights: Jaitley focuses on rural development

by IBNS 29 Feb 2016, 08:53 am

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 highlighted on several rural development schemes.

Some Highlights are: 

Rs 2000 crore for rural households for LPG connections

Digital literacy in rural household to target crores of people

Govt targets 100 pc village electrification by May 2018  

Allocation of Rs. 35,984 crore for farm sector

Rs 38,500 (highest ever) for MGNREGA 
 
Rs 5000 crore for crop insurance schemes

Rs 60,000 crore for water resource management

Rs. 17000 crore allocated for irrigation schemes in 2017 

Ensure that farmers can earn double in next five years
 
India's growth has risen to  7.6 % in 2015-16 
 
Three  schemes to address weaker sections 
 
Current account deficit seen at 1.4% of GDP in 2016
 
 Forex reserves are at highest level at $350 billion'