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Union Budget 2014-15: Rural Development

Union Finance Minister, Arun Jaitely presented Union Budget 2014-15

Jul 10, 2014 17:48 IST
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The Budget 2014-15 introduced new initiatives for rural development such as Shyama Prasad Mukherji Rurban Mission, Neeranchal, Start Up Village Entrepreneurship Programme and allocated finance to the existing programmes.

Highlights

• Shyama Prasad Mukherji Rurban Mission for integrated project based infrastructure in the rural areas.

• 500 crore rupees for Deen Dayal Upadhyaya Gram Jyoti Yojana for feeder separation to augment power supply to the rural areas.
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• 14389 crore rupees provided for Pradhan Mantri Gram Sadak Yojna(PMGSY).

• More productive, asset creating and with linkages to agriculture and allied activities wage employment would to be provided under MGNREGA.

• Under Ajeevika, the provision of bank loan for women SHGs at 4 percent to be extended to another 100 districts.

• Initial sum of 100 crore rupees for Start Up Village Entrepreneurship Programme for encouraging rural youth to take up local entrepreneurship programs.

• Allocation for National Housing Bank increased to 8000 crore rupees to support rural housing.

• New programme Neeranchal to give impetus to watershed development in the country with an initial outlay of 2142 crores rupees.‰

Backward Region Grant Fund (BRGF) to be restructured to address intra-district inequalities

 

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