Union Budget 2014-15: Rural Development

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