Budget Analysis 2

BUDGET REVIEW AND ANALYSIS

 

This post is in continuation of the previous post.

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1. Farmers and Rural areas:

Major Funding is going to:

 

1. MGNREGS ( Mahatma Gandhi National Rural Employment Guarantee Scheme}: 

 {Highest allocation ever 48000 cr. It will help in asset creation such as small dams and ponds. It will also create employment opportunities for rural area.}

2. NABARD (National Bank for Agriculture and Rural Development):

{This will enable NABARD to give credit worth 10 lakh crores to farmers and cooperative societies. There are also funds for micro-irrigation and for dairies development.}

3. Fasal Bima Yojana:

{Insurance for crops}

4. Krishi Vigyan Kendra:

{For soil testing scheme etc. for maximum yield}

5. National Agricultural Market (e-NAM):

{For sale of harvest to multiple markets via online portal}

 

6. Pradhan Mantri Gram Sadak Yojana:

{133-km road per day being constructed for rural connectivity}

7. Pradhan Mantri Awaas Yojana–Gramin:

 {1 Crore affordable houses by 2019}

8. Deen Dayal Upadhyaya Gram Jyoti Yojana:

{Rural electrification by 2018}

9. National Rural Drinking Water Programme(NRDWP) :

 {Clean water for 28000 habitats}

10. Clean India Mission:

{Open Defecation free India by 2019}




Total Allocation for Rural, Agriculture and Allied sectors is 1,87,223 crores

2. Human Resource:

 

1. SWAYAM platform:

 {350 online courses. This would enable students to virtually attend courses taught by the best faculty online free of cost}

2. National Testing Agency:

 {To be set up for conducting all entrance examinations for higher education institutions}

 

3. Pradhan Mantri Kaushal Kendra: 

{For training youth for employment. 100 India International Skills Centers will be established across the country}

4. Skill Acquisition and Knowledge Awareness for Livelihood Promotion Programme (SANKALP):

{SANKALP will provide market relevant training to 3.5 crore youth }

5. Mahila Shakti Kendra:

{ This will provide services for empowering rural women with opportunities for skill development, employment, digital literacy, health, and nutrition}

 

 6. AIIMS (All India Institutes of Medical Sciences):

  {To be set up in Jharkhand and Gujarat}

3. Infrastructure:

 

 

1. Development of Roads, Coastal roads, Highways, Pradhan Mantri Grameen Sadak, Railways,  Air connectivity through various schemes and acts:

 {These are drivers of growth and main source of employment }

 

 

2. Rashtriya Rail Sanrakshan Kosh:

{For train passenger safety}

3. Strategic crude oil reserves:

{2 more locations: Chandikhole in Odisha and Bikaner in Rajasthan. This helps in taking care of oil demand during wars, emergencies etc. }

3. Solar Park development:

{Will reduce dependence on conventional fuels and clean ecosystem}

For transportation sector as a whole, including rail, roads, shipping, provision of 2,41,387crores.

That's it for now.

Keep watching the space for further analysis.

Till then

Chao🙋

Prashant