Education Sector Allocated Rs. 68968 Cr while Rural Development gets Rs 79526 Cr in the Year 2015-16

The Finance Minister, Shri Arun Jaitley has said that adequate provision has been made for the schemes for the poor and disadvantaged in the Budget of 2015-16. Delivering his Budget Speech in the Parliament today, the Finance Minister said that an amount of Rs. 68,968 crore has been allocated to the Education Sector including Mid Day Meals, Rs. 33,152 crore to the Health Sector and Rs. 79,526 crore for Rural Development Activities including MGNREGA in the Budget for 2015-16. An amount of Rs. 22,407 crore has been provided for Housing and Urban Development, Rs. 10,351 crore for Women and Child Development and Rs. 4,173 crore for Water Resources and Namami Gange.

Shri Arun Jaitley said that the National Optical Fibre Network Programme of 7.5 lakh Kilometre, networking 2.5 lakh villages, is being speeded up as a part of progress towards making digital India.

The Finance Minister disclosed that an initial sum of Rs. 1200 crore has been given for the DMIC corridors in the current year. The Ahmedabad-Dholera investment region in Gujarat and the Shendra-Bidkin Industrial park near Aurangabad, in Maharashtra, are now in a position to start work on basic infrastructure. Additional funds will be provided for the Industrial Corridors as the pace of expenditure picks up, he added.

Source : Equity Bulls

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