KEY HIGHLIGHTS FROM BUDGET 2016

Big focus on agriculture and farmers’ welfare
– Farmers’ income to be doubled by 2022.

– 28.5 lakh hectares will be brought under irrigation under Pradhan Mantri Krishi Sinchai Yojana.

89 irrigation projects, requiring Rs. 86,500 crore in next five years, to be fast tracked. 23 of these projects to be completed before 31st March, 2017.

– Dedicated Long Term Irrigation Fund will be created in NABARD with initial corpus of Rs. 20,000 crore.

– Total outlay on irrigation including market borrowings is R. 12,157 crore.

Major program for Sustainable Ground Water management proposed for multilateral funding at a cost of Rs. 6,000 crore.

– 5 lakh farm ponds and dug wells in rain-fed areas and 10 lakh copost pits for production of organic manure will be taken up.

– Soil Health Cards will be given to 14 crore farm holdings by March, 2017.

– 2,000 model retail otlets of fertilizer companies with soil and seed testing facilities, will be opened in the next three years.

Unified Agricultural Marketing E Platform to be dedicated to the Nation on the Birthday of Dr. Ambedkar on 14th April, 2016.

Rs. 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.
Rs. 9 lakh crore will be given as Agricultural credit in 2016-17.
FCI will undertake online procurement of food grains. This will bring transparency and convenience to farmers through prior registration and monitoring of procurement.
Pashudhan Sanjeevani, an animal wellness programme, will be undertaken. Nakul Swasthya Patras to be issued.

Rs 2.87 lakh crore will be given as Grant in Aid to Gram Panchayats and Municpalities as per the recommendations of the 14th FC. This translates to – Rs. 81 lakh per gram panchayat and over Rs. 21 crore per Municipality.

– Every Block in drought and rural distress areas will be taken up under Deen Dayal Antoyodaya Mission.

– 300 Rurban Clusters will incubate growth Centers in Rural Area.

– All villages will be electrified by 1st May, 2018.

A new Digital Literacy Mission scheme will be launched for rural India to cover around 6 crore households in next three years.

– Modernization of Land Records through revamped National Land Records Program.

– Rashtriya Gram Swaraj Program to be launched.

Targeted Delivery of Government subsidies and benefits to ensure that they reach the poor and the deserving.

New law for targeted delivery of financial and other subsidies etc. using Aadhar framework will be enacted.

– DBT in fertilizer will be launched on pilot basis.

– Of the total 5.35 lakh fair price shops in the country, 3 lakh shops to be automated by March,2017.

MUDRA – Loan target of 1, 80,000 crore in 2016-17.

Social Sector

Massive Mission to provide LPG connection to poor households will be launched. 1.5 Crore poor households will benefit 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.

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