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Budget Highlights: Jaitley focuses on rural development

India Blooms News Service | | Feb 29, 2016, at 05:03 pm

#Arun Jaitley # Budget speech # Budget 2016 # BUDGET highlights

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 highlighted on several rural development schemes.

Some Highlights are:

Rs 2000 crore for rural households for LPG connections

Digital literacy in rural household to target crores of people

Govt targets 100 pc village electrification by May 2018

Allocation of Rs. 35,984 crore for farm sector

Rs 38,500 (highest ever) for MGNREGA

Rs 5000 crore for crop insurance schemes

Rs 60,000 crore for water resource management

Rs. 17000 crore allocated for irrigation schemes in 2017

Ensure that farmers can earn double in next five years

India's growth has risen to 7.6 % in 2015-16

Three schemes to address weaker sections

Current account deficit seen at 1.4% of GDP in 2016

Forex reserves are at highest level at $350 billion'

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