Union Budget 2018 key takways and sector wise Highlights

Finance Minister Arun Jaitley Delivered the current governments fifth and last full financial 

budget (Budget 2018 for the fiscal year 2018-19) aimed sudduced economic growth , challenging fiscal situation and farm distress 

Here are the key highlights from the union budget 2018

Economic Health

• Economy firmly on course to achieve high growth of 8%

   GDP growth at 6.3% in the second quarter of 2017-18  signals turn around of the economy 

  Growth in the second half likely to remain between 7.2% to 7.5%

   

 Agriculture and Rural Economy 

•       MSP for all unannounced kharif crops increased to 150%

        Institutional credit for agri-sector increased to Rs 10 lakh crore in 2017-18

       Fisheries, aquaculture and animal husbandry corpus at rs 10,000 crore

        New scheme Operation Greens with an outlay of rs 500 crore  

        Govt to develop and upgrade existing 22,000 rural haats 

        Agri-market infrastructure Fund with a corpus of Rs. 2000 crore

        Allocation for Ministry of food Processing doubled to Rs. 1400 crore .

         Loans to Selfs Helps Groups (shg) of woman to increase to Rs.75,000 crore 

         by march 2019.

         Under Ujjwala Scheme distribution of free lpg cooncetions will be given to crore 

  poor women

         housing for All by 2022- more than one crore houses to be built by 2019 in rural areas

   

  Education, Health and Social Protection

  1.   Estimated budgetary expenditure on Health education and social protection at rs. 1.38 lakh crore 

      

     Ekalavya Model Residentional School Assistance Programmes at Rs. 9975 crore

     investments for research  & infra in premier educational institutions at Rs 1 lakh 

     core in next 4 years

     Allocation on National SOcial Assistance Programme at rs 9975 crore

     NHPS to cover over 10 crore poor and vulnerable families (approximately 50 crore 

     beneficieries )

     NHPS to provide coverage up to 5 lakh rupess per family per year for hospitalisaton

     Rs 1200 crore for the national Health Policy, 2017- additional Rs 600 crore for tb patients 

     24 new Government Medical Collages and Hospitals

     Medium, Small and Micro Enterprieses (MSMEs) and Employment 

     Major thrust for Medium, small and Micro Enter prises (MSMEs) allocations at 

     Rs. 3794 crore

     Target of Rs. 3 lakh crore  for lending under Mudra Yojna

     70 lakh Formal jobs to be created this year 

     Govt to make 12% contribution  of new employes in the EPF for all the sectors 

     for 3 years

     Outlay of Rs. 7148 crore for the textile sector 

     1. Increase budgetary allocations on infrastructure for the Rs. 5. 97 lakh crore

        To develop 10 prominent tourist sites into Iconic Tourism destination

     35000 KMS road construction in Phase I at an estimated coast of Rs. 5,35,000 crore 

     
     

   

   

   

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