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This Article is From Feb 29, 2016

India 2016/17 Budget Focuses on Rural Economy

Indian Finance Minister Arun Jaitley unveiled a budget for the poor on Monday, announcing new rural aid and health programmes in a strategy shift that could boost his ruling party in coming state elections.

India 2016/17 Budget Focuses on Rural Economy
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NEW DELHI: Indian Finance Minister Arun Jaitley unveiled a budget for the poor on Monday, announcing new rural aid and health programmes in a strategy shift that could boost his ruling party in coming state elections.

Here are the highlights of Jaitley's budget for the fiscal year that begins on April 1.

RURAL ECONOMY

  • Rural jobs programme allocated 385 billion rupees ($5.61 billion) in 2016/17
  • Farmer welfare budget in 2016/17 to total 359.84 billion rupees
  • Rural road development to get 190 billion rupees in 2016/17
  • Target of agriculture credit at 9 trillion rupees in 2016/17
  • Interest subvention towards farm loans in 2016/17 at 150 billion rupees
© Thomson Reuters 2016

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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