Union Finance Minister, Arun Jaitley on 28 February 2015 presented first full year Union Budget 2015-16 of NDA government in the Lok Sabha. Jaitely presenting his second budget announced the Vision of Budget aimed at achieving certain things by 2022, the 75th Year of India’s independence, which will be observed as Amrut Mahotsav.
The vision of Team India, as called by Prime Minister Narendra Modi, will be led by State and guided by the Central Government. The vision will include following things:
• A roof for each family in India under the vision Housing for All by 2022 requiring construction of 2 crore houses in Urban areas and 4 crore houses in rural areas
• Each house of the country will be provided the basic facilities like 24-hour power supply, clean drinking water, toilet and connection to a road
• To provide access to means for livelihood and employment or economic opportunity to at least one member of each family, to improve his or her lot
• Substantial reduction of poverty visions to eliminate absolute poverty and thus seeks that all schemes will focus and center on the poor
• To electrify remaining 20000 villages in the country by 2020, this will be met by different process including by off-grid solar power generation
• 178000 unconnected habitations will be connected by all weather roads. This process will require completion of 1 lakh kilometer of roads, which are under construction right now and an additional 1 lakh kilometer road will be sanctioned for construction
• Medical services will be provided in each village and city as it is absolutely essential. This thing will help in providing good health to people, which is necessary for the quality of life as well as person’s productivity and ability to serve his or her family.
• To enable every youth to get employment, they will be educated and skill will be provided to them. For this purpose, a senior secondary school is required within 5 kilometer reach of each child, thus 80000 secondary schools will be upgraded and or 75000 junior or middle schools will be upgraded to the senior secondary level. Apart from this, it will be ensured that education is improved in terms of quality and learning outcomes
• For welfare of rural areas there is a need to boost agricultural productivity and ensure reasonable prices for agricultural production. For this purpose, irrigated area will be increased and efficiency of existing irrigation system will be improved. Apart from this, agro-based industry will be promoted for value addition and farm incomes will be increased, and reasonable prices for farm produce will be given
• In terms of communication, the rural and urban divide will be ended and it will be ensured that connectivity to all villages is provided
• Two-thirds of India’s current population is below 35 and, thus to ensure that the young get proper jobs, it has been planned to make India a manufacturing hub of the world. This purpose will be addressed through the Skill India and the Make in India programmes
• Plan to turn India into job-creator from job-seekers and for this purpose spirit of entrepreneurship in India will be encouraged and new start-ups will be supported
• It will be ensured that the Eastern and North Eastern of the country regions are on par with rest of India as currently are lagging behind in development in many fronts
Government wants to achieve all the thirteen major points described above by the time of 75th year of Indian Independence, Amrut Mahotsav is reached. These points will help India to become a prosperous country and responsible global power, which will be a true and meaningful tribute to the freedom fighters of the nation.
Who: Budget Vision 2022
When: 28 February 2015