Budget 2016 focus' on rural economy

Indian Finance Minister Arun Jaitley unveiled a budget for the poor on Monday, announcing new rural aid and health programmes in a strategy shift that could boost his ruling party in coming state elections.

 


Read our full coverage on Union Budget 2016

Here are the highlights of Jaitley's budget for the fiscal year that begins on April 1.

 

RURAL ECONOMY

* Rural jobs programme allocated Rs 38,500 crores ($5.61 billion) in 2016/17

* Farmer welfare budget in 2016/17 to total Rs 35,984 crores

* Rural road development to get Rs 19,000 crores in 2016/17

* Target of agriculture credit at Rs 9,00,000 crores in 2016/17

 

* Interest subvention towards farm loans in 2016/17 at Rs 15,000 crores

 

($1 = 68.6700 Indian rupees)