ENA Economy 2018-02-01 06:11:49 <div> </div> <ul> <li>10 prominent tourist sites to be developed into iconic tourist sites</li> <li>Now comes urbanization: 99 cities to be 'Smart Cities', allocation increased; Heritage cities scheme to get a push. 10 'Adarsh' monuments</li> <li>NHAI to organize road assets in to a special purpose vehicle and then raise capital</li> <li>Confident of completing highways of 9000 kilometres in 2017-2018</li> <li>Need investment of Rs 50 lakh crore for Infrastructure sector</li> <li>Finance Minister Arun Jaitley has increased the earmarked allocation for Scheduled Castes (Rs 56,000 crore) and Scheduled Tribes (Rs 39,000 crore) in Budget 2018.</li> <li>Rs 3,794 crore allocated for credit support to through capital and interest subsidy to Micro Small and Medium Enterprises</li> <li>Government to announce measures to ease NPA burden on MSMEs</li> <li>Online sanction of loans to MSMEs will be increased</li> <li> Use of fintech will help MSME to grow</li> <li>In 2018-19, to allocate Rs 3 lakh cr lending under MUDRA scheme. Targets crossed during the previous year</li> <li>3794 crores for credit support, capital for MSMEs in Budget 2018</li> <li>Mass formalization taking place after GST</li> <li>MSME database to help financing of MSMEs</li> <li>To on-board publics sector banks on TReDS and link with GST</li> <li>Govt to soon announce measures for NPAs and stressed account for MSMEs</li> <li>Ease the cash flow challenges by the MSMEs, to reduce tax burden</li> <li>MUDRA Yojana led to sanction of 4.6 lakh crores to 10.38 crores MUDRA loans</li> <li>MSMEs can become a powerful vehicle for delivering loans under MUDRA</li> <li>MUDRA to be reviewed for betting financing</li> <li>Use of Fintech to help finance to the MSMEs</li> <li>Venture capital funds needs a special regulatory, government working towards the same</li> <li>Creation of jobs has been at the core of policy planning</li> <li>To improve quality of teachers, govt to launch integrated B-ed programme. The govt aims to move from black board to digital board in schools by 2022</li> <li>Jaitley: Health, Education and Social Protection is next on FM Jaitley's list. Improvement in quality of teachers can improve quality of education.The government proposes to treat education holistically without segmentation, he says. </li> <li>Jaitley: Its our endeavour that by 2020 every poor citizen of the country should have his own house. For this government will establish a dedicated affordable housing fund in the national housing bank through various funding measures. </li> <li>Swachh Bharat Mission has led to over 6 crore toilet facilities being provided so far. In the next 2 years another 2 crore toilets will be added for defecation free country, Jaitley says</li> <li>FM proposes to extend kisan credit card to fisheries &amp; animal husbandry farmers and allocate Rs 10,000 cr for fisheries &amp; aquaculture, animal husbandry funds. </li> <li>Government proposes to launch Operation Green for which a sum of Rs 500 crore will be allocated. </li> <li>Committed to welfare of farmers, doubling farmers incomes, higher income for farmers.</li> <li>Focus on farm and non-farm employment.</li> <li>Organized cultivation</li> <li>200 crores for oil and aroma industry</li> <li>Food processing at 8 per cent. Allocation in food 715 doubled to 1400 crores</li> <li>Govt to support specialised research institution in food processing sector</li> <li>Operation Green: Farmers producers organization, agri facilities, 500 crores for the operation</li> <li>Bamboo is green gold, restructured national bamboo project</li> <li>Micro irrigation fund, time to expand focussed investments</li> <li>Setting up of Fishery and Animal Husbandry sector , 10,000 crores</li> <li>Manufacturing sector back on the revival path, with exports expected to grow at 15% in FY18</li> <li>Govt announces Operation Green on the lines of Operation Flood to realise agriculture potential of the country. Rs 500 crore allocation made</li> <li>470 APMC connected to e-nam</li> <li>More than 80% are small and marginal farmers</li> <li>To develop 22,000 gramin agri markets</li> <li>NITI Aayog to work on mechanism so that farmers get better price on their products</li> <li>An Agrimarket infrastructure fund with a corpus of Rs 2,000 crore will be created</li> <li>Farmers cooperatives, women's self-help groups to be encouraged to take up organic farming</li> <li>Food processing sector growing 8% a year. Allocation doubled. Will allocate Rs 1400 crore for the same. </li> <li>Rs 500 crore for agri logistics</li> <li>Budgetary allocation for agriculture credit raised to Rs 11 lakh crore. Will announce favourable tax treatment for farmer organisations </li> <li>Committed to welfare of farmers, doubling farmers incomes, higher income for farmers.</li> <li>Focus on farm and non-farm employment.</li> <li>Organized cultivation</li> <li>200 crores for oil and aroma industry</li> <li>Food processing at 8 per cent. Allocation in food 715 doubled to 1400 crores</li> <li>Govt to support specialised research institution in food processing sector</li> <li>Operation Green: Farmers producers organization, agri facilities, 500 crores for the operation</li> <li>Bamboo is green gold, restructured national bamboo project</li> <li>Micro irrigation fund, time to expand focussed investments</li> <li>Setting up of Fishery and Animal Husbandry sector , 10,000 crores</li> </ul> <p> </p> 18970 http://knnindia.co.in/news/newsdetails/economy/budget-highlights 2018-02-01 06:11:49 knnindia.co.in