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Highlights of Union Budget 2012-13 (Part-II)

New Delhi, Fri, 16 Mar 2012 ANI

New Delhi, Mar 16 (ANI): Finance Minister Pranab Mukherjee on Friday presented the Union Budget 2012-13 in Lok Sabha.


The highlights of the Budget are as follows:


Government to set up company to finance minor irrigation works


Rs 242 crore project with World Bank assistance to improve dairy production


FY13 midday meal scheme outlay at Rs 11937 crore


UID allocation at Rs 14,232cr in FY1


New warehouses for foodgrain stocks to be built


To allow ECB borrowing to part-finance power projects


Farmers who repay loans on time to be rewarded


Agriculture credit target to be raised by Rs 1,00,000 crore to Rs 5,75,000 crore


Kisan credit cards can now be used for ATM machines


Propose to allocate Rs 10,000 cr for NABARD to refinance RRBs


Government to set up Rs 5,000 crore venture fund for MSME sector


Agriculture credit target raised to Rs 5.75 lakh crore in FY13


Agriculture allocation increased to Rs 5,75,000 crore


Infrastructure investment in the12th Plan to go up to Rs. 50 lakh crore; half of it to come from private sector, PPP model


Rs 12,040 cr for backward area projects in FY13


Propose to set up 6,000 schools in 12th five year plan


Allocation for rural drinking water and sanitation scheme increased from Rs 11,000 crore in FY 12 to Rs 14,000 crore in 2012-13


Rs 15,850 crore to be allocated to Integrated Child Development Scheme in 2012-13 as against Rs 10,000 crore this fiscal


Propose credit guarantee fund for education loans


Rajiv Gandhi Equity savings scheme for investment of Rs 50,000 with tax benefit


Maternal and child nutrition scheme to be launched in 200 districts ICDS to get 58 per cent


One per cent loan subsidy on loans upto 15 lakh. (ANI)


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