Friday, February 29, 2008

Budget 2008. Who gets what?

Highlights of the budget 2008. (Courtesy: and

  • Gross budgetary support rises to Rs 380 billion
  • Education gets 20 per cent more to Rs.344 billion from Rs 286.8 billion
  • Rural infrastructure scheme Bharat Nirman to get Rs 312.8 billion
  • Textile upgrading funding to get Rs 10.9 billion
  • National highways to get Rs 129.7 billion
  • Rs 440 million to improve infrastructure at 22 Sainik schools
  • National Bank for Agriculture and Rural Development (Nabard) to get Rs 50 billion to refinance loans
  • Small Industries Development Bank of India (Sidbi) to get Rs 40 billion to refinance loans
  • National Housing Bank to get Rs 12 billion
  • HIV/AIDS prevention to get Rs 9.93 billion
  • Jawaharlal Nehru Urban Renewal Mission to get Rs 68.66 billion, up from Rs 54.82 billion
  • Midday meal scheme for schoolchildren to get Rs 80 billion
  • School enrolment scheme Sarva Shiksha Abhiyan to get Rs 131 billion
  • Rs 400 million for special tea fund. Similar funds to be set up for cardamom, rubber and coffee.
  • Rs 200 billion for irrigation
  • Rs 5.5 billion for minority dominated districts
  • NREGS to get Rs 160 billion, more money will be provided on need
  • Farm debt waiver scheme to cost Rs 600 billion. Loan waiver to benefit 40 million farmers. 3 crore marginal and small farmers and 1 crore other farmers to benefit. One-time settlement scheme for other farmers not covered by the waiver scheme
  • Northeast development to get Rs 14.55 billion
  • Food subsidies at Rs.326.67 billion
  • National health insurance for poor introduced. 1,000 crore provided to LIC for Aam admi bima yojana
  • Rs 800 crore to be spent on power sector reforms
  • Rs 450 crore provided for development of textile parks
  • Rs 800 crore to be spent on power sector reforms
  • Govt to set up Irrigation and Water Resources Finance Corporation with an initial capital of Rs 100 crore
  • Defence spending to rise 10 percent. From Rs9,6000 cr to Rs1,05,000 cr
  • Rs 500 crore for corpus fund to subsidise all women Self Help Groups for LIC cover for permanent disability.
  • Health spending to rise 15 per cent.