Highlights of Union Budget-III

| Updated: Aug 23, 2017 11:20 IST

New Delhi [India], Feb 1 (ANI): Finance Minister Arun Jaitley is presenting the Union Budget for financial year 2017-18. Highlights of the Union Budget are as follows: •I am reminded of what our father of the nation Mahatma Gandhi said 'a right cause never fails'. •With better Monsoon, Agriculture is expected to grow at 4.1% in current year. •My approach in preparing the Budget is to spend more on rural areas, infrastructure and poverty alleviation with fiscal prudence. •Issuance of soil health cards have gathered momentum, will setup a mini lab in 'krishi vigyan kendras'. •Dairy processing infrastructure fund will be set up under NABARD, with fund of 8,000 crore. •Target of agricultural loans to farmers set at record of Rs 10 lakh crore in 2017-18. •Participation of women in MNREGA has increased to 55%. •Budget allocation to MNREGA increased to a record Rs 48,000 crore for 2017-18, from Rs 37,000 crore in 2016-17. Highest allocation ever announced for job guarantee scheme MNREGA. •Total allocation for rural, agricultural and allied sectors for 2017-18 is Rs 187223 cr, which is 24% higher than last year. •We will undertake mission to bring households out of Poverty. We will bring out 50,000 panchayats out of poverty by 2019. (ANI)