Budget Series : Rural Economy

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With large parts of the country, including poll-bound states, gripped by a farm crisis, Modi government’s last budget gives top priority to the rural sector.
The focus of the government next year will be to provide maximum livelihood opportunities in rural areas by spending more on livelihood, agricultural and allied activities and construction of rural infrastructure,” Jaitley said.
Union Budget 2018 focusses on strengthening the rural economy in all aspects including from farmers to the salaried class, cutting across the poor and middle class society.
Referring to the measures taken for the benefit of lower and middle class, the Finance Minister said, 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.
Under Saubahagya Yojana, 4 crore poor households are being provided with electricity connection with an outlay of Rs.16,000 crore.
To fulfil target of housing for All by 2022 ,more than one crore houses will be built by 2019 in rural areas, besides already constructed 6 crore toilets under Swachh Bharat Mission.
On the loans to Self Help Groups of women, the Finance Minister said it increased to about Rupees 42,500 crore in 2016-17, growing 37% over previous year and expressed confidence that loans to SHGs will increase to Rs.75,000 crore by March, 2019. He also substantially increased allocation of National Rural Livelihood Mission to Rs 5750 crore in 2018-19.
http://www.firstpost.com/…/budget-2018-finance-minister-aru…


CREDITS : PRAGYA  2nd year
                   MUSKAN BHOLA 1ST year

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