"The budget submitted today in the Lok Sabha has all the elements to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors," Sonowal said in a statement here today.
Raising of institutional farm credit to Rs 11 lakh crore and enhancing the minimum support price of all unannounced kharif crops to one and a half times of their production cost would bolster agriculture production and the condition of farmers.
The announcement of two new funds of Rs 10,000 crore for fisheries and animal husbandry and Rs 1290 crore restructured National Bamboo Mission will bring in paradigm shift in these sectors, Sonowal added.
The phenomenal leap of loans to self help groups from Rs 42,500 crore to Rs 75,000 crore will also help towards women empowerment.
The Rs 1.38 lakh crore outlay on health, education and social protection , setting up of Ekalavya residential school in each tribal block by 2022 and welfare fund for SCs were other notable announcement of the budget, Sonowal said.