Page 16 - MASTER IN BUDGET
P. 16
incentivising gas discovery and exploration by providing calibrated marketing
freedom
enactment of a comprehensive law to deal with resolution of inancial irms
provide legal framework for dispute resolution and re-negotiationsin PPP
projects and public utility contracts
undertake important banking sector reforms and public listing of general
insurance companies undertake signiicant changes in FDI policy.
AGRICULTURE AND FARMERS’ WELFARE
# Allocation for Agriculture and Farmers’ welfare is `35,984 crore
# ‘Pradhan Mantri Krishi Sinchai Yojana’ to be implemented in mission mode. 28.5
lakh hectares will be brought under irrigation.
# Implementation of 89 irrigation projects under AIBP, which are languishingfor a
long time, will be fast tracked
# A dedicated Long Term Irrigation Fund will be created in NABARD with an initial
corpus of about `20,000 crore
# Programme for sustainable management of ground water resources with an estimated
cost of `6,000 crore will be implemented through multilateral funding
# 5 lakh farm ponds and dug wells in rain fed areas and 10 lakh compost pits for
production of organic manure will be taken up under MGNREGA
# Soil Health Card scheme will cover all 14 crore farm holdings by March 2017.
# 2,000 model retail outlets of Fertilizer companies will be provided with soil and seed
testing facilities during the next three years
# Promote organic farming through ‘Parmparagat Krishi Vikas Yojana’ and 'Organic
Value Chain Development in North East Region'.
# Uniied Agricultural Marketing ePlatform to provide a common e-market platform
for wholesale markets
# Allocation under Pradhan Mantri Gram Sadak Yojana increased to `19,000 crore.
Will connect remaining 65,000 eligible habitations by 2019.
# To reduce the burden of loan repayment on farmers, a provision of `15,000 crore has
been made in the BE 2016-17 towards interest subvention
# Allocation under Prime Minister Fasal Bima Yojana `5,500 crore.
# `850 crore for four dairying projects - ‘Pashudhan Sanjivani’, ‘Nakul Swasthya
Patra’, ‘E-Pashudhan Haat’ and National Genomic Centre for indigenous breeds
RURAL SECTOR
# Allocation for rural sector - `87,765 crore.
# `2.87 lakh crore will be given as Grant in Aid to Gram Panchayats and Municipalities
as per the recommendations of the 14th Finance Commission
# Every block under drought and rural distress will be taken up as an intensive Block
under the Deen Dayal Antyodaya Mission
# A sum of `38,500 crore allocated for MGNREGS.
@Mahendra’s 16 MASTER IN BUDGET 2016-17
freedom
enactment of a comprehensive law to deal with resolution of inancial irms
provide legal framework for dispute resolution and re-negotiationsin PPP
projects and public utility contracts
undertake important banking sector reforms and public listing of general
insurance companies undertake signiicant changes in FDI policy.
AGRICULTURE AND FARMERS’ WELFARE
# Allocation for Agriculture and Farmers’ welfare is `35,984 crore
# ‘Pradhan Mantri Krishi Sinchai Yojana’ to be implemented in mission mode. 28.5
lakh hectares will be brought under irrigation.
# Implementation of 89 irrigation projects under AIBP, which are languishingfor a
long time, will be fast tracked
# A dedicated Long Term Irrigation Fund will be created in NABARD with an initial
corpus of about `20,000 crore
# Programme for sustainable management of ground water resources with an estimated
cost of `6,000 crore will be implemented through multilateral funding
# 5 lakh farm ponds and dug wells in rain fed areas and 10 lakh compost pits for
production of organic manure will be taken up under MGNREGA
# Soil Health Card scheme will cover all 14 crore farm holdings by March 2017.
# 2,000 model retail outlets of Fertilizer companies will be provided with soil and seed
testing facilities during the next three years
# Promote organic farming through ‘Parmparagat Krishi Vikas Yojana’ and 'Organic
Value Chain Development in North East Region'.
# Uniied Agricultural Marketing ePlatform to provide a common e-market platform
for wholesale markets
# Allocation under Pradhan Mantri Gram Sadak Yojana increased to `19,000 crore.
Will connect remaining 65,000 eligible habitations by 2019.
# To reduce the burden of loan repayment on farmers, a provision of `15,000 crore has
been made in the BE 2016-17 towards interest subvention
# Allocation under Prime Minister Fasal Bima Yojana `5,500 crore.
# `850 crore for four dairying projects - ‘Pashudhan Sanjivani’, ‘Nakul Swasthya
Patra’, ‘E-Pashudhan Haat’ and National Genomic Centre for indigenous breeds
RURAL SECTOR
# Allocation for rural sector - `87,765 crore.
# `2.87 lakh crore will be given as Grant in Aid to Gram Panchayats and Municipalities
as per the recommendations of the 14th Finance Commission
# Every block under drought and rural distress will be taken up as an intensive Block
under the Deen Dayal Antyodaya Mission
# A sum of `38,500 crore allocated for MGNREGS.
@Mahendra’s 16 MASTER IN BUDGET 2016-17
