Highlights of ‘Sabka Budget’ 2016-17
Union Budget 2016-17 highlights: As of 12:25 (While the Budget speech is on)
Rs. 27,000 Cr to be spent on road infrastructure creation.
Rs. 55,000 Cr for roads and highways. Total allocation for road construction, including PMGSY, – Rs 97,000 Cr
India’s highest-ever production of motor vehicles was recorded in 2015
Total outlay for infrastructure in Budget 2016 now stands at Rs. 2,21,246 Cr
New greenfield ports to be developed on east and west coasts
65 eligible habitats to be connected via 2.23 lakh kms of road. Current construction pace is 100 kms/day
Shops to be given option to remain open all seven days in a week across markets.
Revival of underserved airports. Centre to Partner with States to revive small airports for regional connectivity.
Rs 60,000 Cr for recharging of ground water recharging as there is urgent need to focus on drought hit areas cluster development for water conservation.
Dedicated irrigation fund in NABARD of Rs.20.000 Cr
Total allocation for agriculture and farmer welfare at Rs 35984 Cr
28.5 lakh heactares of land wil be brought under irrigation.
5 lakh acres to be brought under organic farming over a three year period
Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojna.
2.2 lakh renal patients added every year in India. Basic dialysis equipment gets some relief.
A new health protection scheme for health cover upto 1 lakh per family.
National Dialysis Service Prog with funds thru PPP mode to provide dialysis at all district hospitals.
Senior citizens will get additional healthcare cover of Rs 30,000 under the new scheme
PM Jan Aushadhi Yojana to be strengthened, 300 generic drug store to be opened
10 public and 10 private educational institutions to be made world-class.
Digital repository for all school leaving certificates and diplomas. Rs. 1,000 Cr for higher education financing.
Rs. 1,700 Cr for 1500 multi-skill development centres.
Rs. 3000 Cr earmarked for nuclear power generation
Govt drawing comprehensive plan to be implemented in next 15-20 years for exploiting nuclear energy
Govt to provide incentive for deepwater gas exploration
Deepwater gas new disc to get calibrated market freedom, pre-determined ceiling price based on landed price of alternate fuels.