The document summarizes key aspects of the Indian Union Budget for 2017-2018. It outlines the total estimated expenditure of 21.47 lakh crore rupees and allocates funds to various sectors including rural development, agriculture, infrastructure, defense, and welfare programs. Specific allocations are provided for initiatives such as MNREGA, the Pradhan Mantri Awas Yojana, and agricultural credit. The document also discusses provisions for the agriculture sector, including a target of 10 lakh crore rupees for agricultural credit and increased allocations for irrigation, crop insurance, and agricultural infrastructure and marketing.

1. 5

2. WHAT IS UNION BUDGET?
 The Union Budget is the annual report of
India as a country.
 It contains the government of India's
revenue and expenditure for the end of a
particular fiscal year.

3. THE SECTORS TO WHICH FUNDS
ARE ALLOCATED IN BUDGET
 Total expenditure of Budget 2017-18 estimated at
Rs 21.47 lakh crore.
 MNREGA: 48,000 crore
 PM Awas Yojna (rural): Rs 23,000 crore
 Agricultural credit: Rs 10 lakh crore
 Irrigiation fund corpus: Rs 5,000 crore
 NABARD Dairy fund corpus Rs 8000 crore, initial
amount at Rs 2000 crore

4. CONTD..
 National rural livlihood mission: 4,500 crore
 Panchayati Raj Allocation: 1,87,223 crore
 Industrial Skill Training: Rs 2,200 cr
 Skill Acquisition and Knowledge Awareness: 4000
crore
 Women and children welfare across ministries:
1,84,632 crore
 Schedule caste welfare allocation 52,393 crore

5. CONTD..
 Schedule Tribe: to 31,920 crore
 Safety fund (railway) 1 lakh crore
 Capital and development expenditure on railways:
1,31,000 crore
 National Highway allocation: 64,000 crore
 Rail, road, shipping allocation 2,41,387 crore
 total infra allocation 39,6135 crore
 Pradhan Mantri Mudra yojana 2.44 lakh crore
 Bank capitalization, bank stocks up: Rs 10,000
crore
 Defence exp (excluding pensions) Rs 2,74 lakh
crore

7. INTRODUCTION TO AGRICULTURE
SECTOR
 Agriculture plays a vital role in India’s economy.
 Over 58 per cent of the rural households depend
on agriculture.
 Agriculture, along with fisheries and forestry, is one
of the largest contributors to the Gross Domestic
Product (GDP).
 Agriculture sector is expected to grow at 4.1%
during the current fiscal year on good monsoon

8.  Agricultural export constitutes 10% of the countries
exports and it is the forth largest exported
commodity.
 Data from World Bank shows that around 60.3 per
cent of India's land area is agricultural land.
 In fact India has the second largest agricultural land
in the world.
 So agriculture sector is treated as back bone of
Indian economy

10. WHAT DID THE BUDGET DO FOR
AGRICULTURE?
 The total allocation for the rural, agriculture and
allied sectors in 2017-18 is Rs 1,87,223 crore,
which is 24% higher than the previous year.
 The target for agricultural credit in 2017-18 has
been fixed at a record level of Rs 10 lakh crores.
 The coverage of Fasal Bima Yojana will be
increased from 30% of cropped area in 2016-17 to
40% in 2017-18 and 50% in 2018-19. For 2017-18,
provided a sum of Rs 9,000 crore

11.  Government will set up new mini labs in Krishi
Vigyan Kendras (KVKs) and ensure 100%
coverage of all 648 KVKs in the country.
 Addition of Rs 20,000 crore to the corpus of Long
Term Irrigation Fund.

12.  A dedicated Micro Irrigation Fund to be set up in
NABARD to achieve the goal, 'per drop more crop'.
The Fund will have an initial corpus of Rs 5,000
crore.
 The coverage of National Agricultural Market (e-
NAM) will be expanded from the current 250
markets to 585 APMCs.

13.  A Dairy Processing and Infrastructure Development
Fund would be set up in NABARD with a corpus of
Rs 8,000 crores over 3 years. Initially, the fund will
start with a corpus of Rs 2,000 crores.
 Short term crop loan will be provided up to 3 lacks
at an interest of 7% p.a
 Additional incentive of 3% is provided to farmers for
prompt repayment of loans

14. HOW THE AGRICULTURE SECTOR WILL
BENEFIT
 Credit of 10 lakh crores
 Issuance of soil health cards
 Taken steps to increase farmers to get better price
to their products in markets
 DE notifying perishables from APMC’s and helps
farmers to get better price for their products

15.  Growing fruits and vegetables with agro processing
units for better price realization and reduction of
post harvest loss
 Modern law of contract farming will be prepared
and circulated among states for adoption

16. CONCLUSION
 The budget 2017-18 pitched for more
reforms in agriculture marketing and
increased funds for insurance and irrigation
schemes, but did not spell out how farm
incomes will double in five years