'Rs 14,000 cr corpus for Rural Infra Devp Fund-X'

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Rural Infrastructure
New Delhi, Feb 16: In the Interim Budget 2009-10, the acting Finance Minister Pranab Mukherjee said that the Rural Infrastructure Development Fund-XV (RIDF-XV) has been proposed with a corpus of Rs 14,000 crore and continuation of the separate window for rural roads with a corpus of Rs.4,000 crore.

Key Features of Interim Budget 2009-2010

This is to ensure continuity in financing of rural infrastructure projects. Interest subvention of two per cent on pre and post shipment credit for certain employment oriented sectors like textiles (including Handlooms and Handicrafts), carpets, leather, gem and jewellery, marine products and SMEs has been extended till September 30, 2009 from March 31, 2009.

This is expected to involve an additional financial outgo of Rs.500 crore during the financial year 2009-10.

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Interim Budget 2009 Highlights

A provision of Rs 100 crore has been made for 2009-10 for the setting up of Unique Identification Authority of India.

The Authority, being set up under the aegis of Planning Commission, will put in place a comprehensive system of unique identity for resident population of the country.

Complete text of interim budget speech 2009-2010

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ANI

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