Some Important Points of Budget 2017-18
Demonetization
- Demonetisation is expected to have a transient impact on the economy.
- It will have a great impact on the economy and lives of people.
- Demonetisation is a bold and decisive measure that will lead to higher GDP growth.
- The effects of demonetisation will not spillover to the next fiscal.
Rural population
- Over Rs 3 lakh crore will be spent for rural India.
- Government’s Mission Antyodaya targets to bring 1 crore households out of poverty by 2019.
- MGNREGA: 48,000 crore has been allocated. Participation of women now at 55%.
- Space technology to be used in a big way to ensure MGNREGA works.
- 5 lakh farm ponds will be taken up under MGNREGA.
- Pradhan Mantri Awas Yojana: 23,000 crore allocated.
- Government to complete 1 crore houses for those without homes.
- Prime Minister Gram Sadak Yojana: 19,000 crore allocated.
- Along with states, Rs. 27,000 crore will be spent in FY18.
- Panchayat Raj: Human resource reform programme to be launched.
- Mason training to be provided for 5 lakh people
- 100% rural electrification will be archived by May 2018
- Swachh Bharat mission: made tremendous progress, sanitation coverage has gone up from 42% to 60%.
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