For Daily Alerts
Budget 2016: Jaitley's top 10 gifts for agriculture sector
New Delhi, Feb 29: Union Finance Minister Arun Jaitley who pesented the Union Budget 2016-17 on Monday, announced a number of initiatives to be taken in the agricultural sector.
A
look
at
Union
Budget
2016-17
Jaitley
allocates
Rs
38,500
crore
for
MGNREGA,
the
highest-ever
by
the
NDA
Here are 10 top takeaways from Jaitley's Budget of 2016-17:
-
Allocation
of
Rs
38,500
crore
for
the
MGNREGA
(Mahatma
Gandhi
National
Rural
Employment
Generation
Scheme)
-
Rs
2.87
trillion
grants
made
to
gram
panchayats
and
municipalities,
which
signified
a
jump
of
228
per
cent
-
Rs
412
crore
devoted
for
the
purpose
of
organic
farming
-
Five
lakh
acres
to
be
brought
under
organic
farming
under
the
Krishi
Vikas
Yojana
in
three
years
-
28.5
lakh
hectares
to
be
brought
under
irrigation.
It
will
be
done
under
the
Pradhan
Mantri
Krishi
Sichai
Yojana
-
For
interest
subvention
for
agri
loans,
Rs
15,000
crore
have
been
allocated
-
Target
of
agricultural
credit
raised
to
Rs
9
trillion----the
highest
ever
-
Under
the
Nabard,
an
irrigation
fund
worth
Rs
20,000
crore
to
be
set
up
-
89
irrigation
projects
will
be
fast-tracked
-
Incentive
for
deepwater
gas
exploration
Oneindia News