New Delhi : The last Full Budget of the 2nd Narendra Modi government began to be presented in Lok Sabha 11 am, Wednesday. The Finance Minister said the world sees India as a shining star.
There will be special funds assigned for agriculture-related start-ups, said Nirmala Sitharaman, adding that, the Indian economy has progressed much with growth in digital payments.
Budget Highlights :
1. PM Garib Kalyan Anna Yojana scheme will continue for one more year. All Antyodaya customers would be benefited. This scheme costs Rs lakh crore annually and will be funded by the Central government.
2. Horticulture package is budgeted for Rs.2,200 crore
3. Special fund will be assigned for agriculture related startups
4. Sickle cell disease will be completely eradicated by 2027
5. Cooperative societies shall be computerised at a spend of Rs 2516 crore. 63000 primary cooperatives will be come to be digitilised.
6. 157 new nursing colleges slated to come up.
7. Rs 2.2 lakh crore rupees have been distributed to 11.4 crore farmers, the minister said.
8. Rs 20 lakh crores has been allocated toward Agricultural loans
9. Rs 2.40 Lakh Crores set asude for Railways
10. The Budget envisages 50 more new airports.
11. There will be 748 Ekalavya model residential schools in tribal area
12. There shall be 748 Ekalavya model schools in tribal area
13. Rs 69000 crores will go into PM Awas Yojana
The Budget, this time, has been divided into seven parts, and will lead the country like Sapta rishis(seven saints) through Amrit era , the FM said.
The Finance Minister, who arrived at the Finance Ministry early morning, went to Rashtrapati Bhavan and met with President Draupadi Murmu before coming to the Parliament for Budget presentation.
The economic survey puts growth during this financial year at 7 percent and that figure is estimated as 6.8 in the next year.
Given this is the last Full Budget of the 2nd Modi government, pro-people proclamations might be in store. The Finance Minister described the Budget as pro-middle class. Raising tax slab to Rs 7 lakh in annual income is one such attraction.
The Budget this year comes with global recession looming.