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BUDGET FOR
RURAL
INDIA
INTRODUCTION
 The union budget for 2018-19 has been announced
by Mr. Arun Jaitley , Union Minister for finance ,
Govt of India, in parliament on feb 1, 2018 .
 It focuses on uplifting the rural economy and
strengthening of the agriculture sector ,
healthcare for the economically less privileged,
infrastructure creation and improvement in the
quality of education of the country .
HIGHLIGHTS OF BUDGET FOR RURAL
 The government is committed towards doubling the
farmers’ income by 2022.
 A total of Rs 14.34 lakhs crore will be spent for
creation of livelihood and infrastructure in rural areas.
 Minimum Support Price (MSP) for all announced
kharif crops will be at least one and half times of their
production cost, similar to the majority of rabi crops.
 Institutional credit to the agriculture sector is targeted
at Rs 11 lakh crore for 2018-19, compared to Rs 10
lakh crore for 2017-18.
 A Fisheries and Aqua culture Infrastructure
Development Fund (FAIDF) and an animal
Husbandry Infrastructure Development Fund
(AHIDF) will be started with a total corpus of Rs
10,000 crore
 An Agri-Market Infrastructure Fund will be started
with a corpus of Rs 2,000 crore
 A restructured National Bamboo Mission will be
launched with a total outlay of Rs 1,290 crore.
 Allocation for the National Rural Livelihood Mission
is increased to Rs 5,750 crore for 2018-19
SCHEMES
EXTENSION TO KISAN
CREDIT CARD
 It is a credit card to provide affordable credit for farmers
in India .
 This scheme was introduced by government of India on
august 1998 with the aim to provide credit to farmers
, on the basis of their land holdings .
 In the budget 2018-19 , Kisan Credit Card was
extended to fisherman and cattle owners.
 It will enable them to avail the easier loans .
 It will help people associated with milk production
business in rural areas by providing financial
assistance and also to fisheries .
GOBAR-DHAN YOJNA
 The union government is going to roll out Galvanizing Organic
Bio-Agro Resources Dhan (GOBAR-DHAN)
 It was first announced by F.M.
Arun Jaitley during his 2018-19 budget
speech.
 Aims to improve lives of the villagers .
 It focuses on managing and converting cattle dung and solid
waste in farms to useful compost , biogas and bio-CNG .
 It will also help in cleaning the village as well as increasing
income of farmers and cattle herders.
AFFORDABLE HOUSING FUND
(AHF)
 AHF will be created under
National Housing Bank (NHB) .
 It will be funded from priority sector lending shortfall
and fully serviced bonds authorised by Central
Government.
 It will be used to construct one crore households in
the rural areas under Pradhan Mantri Awas Yojana
(PMAY)
PRADHAN MANTRI AWAS
YOJANA
 Previously known as Indira Awaas Yojana
 It is social welfare flagship programme, created by
the Indian government to provide housing for the
rural poor in India.
 It aims to provide housing for all by 2022
 The vision of the government is to replace all
temporary houses from Indian villages by 2017
previously and now with AHF by 2022.
NATIONAL BAMBOO MISSION
 Rs 1290 crore will be allocated under this scheme
to help development of bamboo production as an
industry in the country .
 This will help the people of rural & tribal areas.
OPERATION GREEN
 It will be launched with an allocation of
Rs.500 crore on the lines of
Operation Flood .
 It also aims to aid farmers and help control and limit
fluctuations in the prices of tomatoes , onions and
potatoes.
 It is essentially price fixation scheme that aims to ensure
farmers are given the right price for their produce .
 The idea behind it is to double the income of farmers by
the end 2022.
Budget proposal for rural india

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Budget proposal for rural india

  • 2. INTRODUCTION  The union budget for 2018-19 has been announced by Mr. Arun Jaitley , Union Minister for finance , Govt of India, in parliament on feb 1, 2018 .  It focuses on uplifting the rural economy and strengthening of the agriculture sector , healthcare for the economically less privileged, infrastructure creation and improvement in the quality of education of the country .
  • 3. HIGHLIGHTS OF BUDGET FOR RURAL  The government is committed towards doubling the farmers’ income by 2022.  A total of Rs 14.34 lakhs crore will be spent for creation of livelihood and infrastructure in rural areas.  Minimum Support Price (MSP) for all announced kharif crops will be at least one and half times of their production cost, similar to the majority of rabi crops.  Institutional credit to the agriculture sector is targeted at Rs 11 lakh crore for 2018-19, compared to Rs 10 lakh crore for 2017-18.
  • 4.
  • 5.  A Fisheries and Aqua culture Infrastructure Development Fund (FAIDF) and an animal Husbandry Infrastructure Development Fund (AHIDF) will be started with a total corpus of Rs 10,000 crore  An Agri-Market Infrastructure Fund will be started with a corpus of Rs 2,000 crore  A restructured National Bamboo Mission will be launched with a total outlay of Rs 1,290 crore.  Allocation for the National Rural Livelihood Mission is increased to Rs 5,750 crore for 2018-19
  • 6.
  • 7. SCHEMES EXTENSION TO KISAN CREDIT CARD  It is a credit card to provide affordable credit for farmers in India .  This scheme was introduced by government of India on august 1998 with the aim to provide credit to farmers , on the basis of their land holdings .  In the budget 2018-19 , Kisan Credit Card was extended to fisherman and cattle owners.
  • 8.  It will enable them to avail the easier loans .  It will help people associated with milk production business in rural areas by providing financial assistance and also to fisheries .
  • 9. GOBAR-DHAN YOJNA  The union government is going to roll out Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-DHAN)  It was first announced by F.M. Arun Jaitley during his 2018-19 budget speech.  Aims to improve lives of the villagers .  It focuses on managing and converting cattle dung and solid waste in farms to useful compost , biogas and bio-CNG .  It will also help in cleaning the village as well as increasing income of farmers and cattle herders.
  • 10.
  • 11. AFFORDABLE HOUSING FUND (AHF)  AHF will be created under National Housing Bank (NHB) .  It will be funded from priority sector lending shortfall and fully serviced bonds authorised by Central Government.  It will be used to construct one crore households in the rural areas under Pradhan Mantri Awas Yojana (PMAY)
  • 12. PRADHAN MANTRI AWAS YOJANA  Previously known as Indira Awaas Yojana  It is social welfare flagship programme, created by the Indian government to provide housing for the rural poor in India.  It aims to provide housing for all by 2022  The vision of the government is to replace all temporary houses from Indian villages by 2017 previously and now with AHF by 2022.
  • 13.
  • 14. NATIONAL BAMBOO MISSION  Rs 1290 crore will be allocated under this scheme to help development of bamboo production as an industry in the country .  This will help the people of rural & tribal areas.
  • 15. OPERATION GREEN  It will be launched with an allocation of Rs.500 crore on the lines of Operation Flood .  It also aims to aid farmers and help control and limit fluctuations in the prices of tomatoes , onions and potatoes.  It is essentially price fixation scheme that aims to ensure farmers are given the right price for their produce .  The idea behind it is to double the income of farmers by the end 2022.