Finance minister Arun Jaitley announced his 4th budget today in his tenure.For the first time since India got independence,Railway Budget was presented for the first time in the parliament along with the General Budget.The railway budget was first presented in the parliament in the year 1924.From this year's budget the NDA government has put an end in presenting the railway budget on a separate day and merged the same with the General budget.Let's take a glance at the general budget 2016-17.
Jaitley's budget mainly concentrated on Agriculture,Skill development,Financial support for stronger institutions,Transparency in accountability,rural population,Health sector,Infrastructure.
1.When it comes to Agriculture sector,Jaitley announced a sum of 10lakh crore as credit to farmers,with 60 days as interest waiver.
2.Fund to NABARD will be increased to 40000 crore.
3.A dedicated irrigation fund will be set up for NABARD with 5000 crore initial corpus.
4.Irrigation corpus increased from 20000 crore to 40000 crore.
5.Daily processing infrastructure fund will be initially created with a corpus fund of 2000 crore.
6.The government keeps a target of 1 crore house holds to bring out of poverty.
7.For the FY 2017-18, 5 lakh farm ponds will be taken up under the MGNERGA scheme.
8.Government will allocate 19000 crore for Gramin Sadak yojana for the year 2017-18.
9.The country will achieve 100 percent rural electrification by March 2018.
10.Government will set up 100 India International centres for skill development among youth under Pradhan Mantri Kaushal Vikas yojana.
11.Government will take steps to create 5000 PG seats per annum.
12.Government allocated 500 crore for Mahila Shakti Kendras.
13.Government gives 6000 rupees for the welfare of Pregnant women.
14.1,84,632 crore allocated for children as well as women.
15.Elimination of Tuberculosis by the year 2025.
16.AIIMS will be set up in Jammu and Kashmir and Gujarat.
17.Allocates 52393 crore for the welfare of Scheduled castes and tribes.
18.Total Allocation for Railways 1,31,000 crore.
19.39,61,354 crore for Infrastructure.
20.No service charge will be levied on tickets booked through IRCTC.
21.For passenger Safety 1lakh crore for 5 years.
22.un manned level crossings will be eliminated by 2020.
23.SMS based clean my coach will come into effect.
24.Coach mitra facility will be introduced to register all coach related complaints.
25.By 2019 all trains will have bio toilets.
26.500 stations will be made disabled friendly.
27.High speed internet will be allocated to 1,50,000 gram panchayats.
28.64000 crore for highways.
29.Shares of PSE's like IRCTC will be listed in Shares.
30.Pradhan Mudra Yojana lending target will be fixed at 2.44 lakh crore.