The Union Finance Minister Arun Jaitley announced various schemes in the Union Budget 2018-19 on February 1, 2018. These Budget schemes have been announced with the objective to uplift the poor and farmers.
Here, we’ll see all the new schemes launched by the government in Budget 2018-19.
Kifayati Aawas yojna/Affordable Housing Fund (AHF)
Affordable Housing Fund (AHF) will be created under National Housing Bank (NHB).
It will be funded from priority sector lending shortfall and fully serviced bonds authorised by Central Government.
The government has planned that by the end of 2022, everyone will have their own house.
It will be used to construct one crore households in the rural areas Pradhanmantri Awas Yojana.
National Health Protection Scheme
Under it, up to Rs 5 lakh insurance cover will be provided to each family per year in secondary and tertiary care institutions.
It will have 50 crore beneficiaries. It will be world‟s largest government-funded healthcare programme.
Kisan Credit Card to Fishermen:
On the lines of the Kisan Credit Card, the Finance Minister has announced a card to fishermen and cattle owners. This will make enable them to avail the easier loans. The Government says that this will help the people associated with the milk production business in rural areas. Apart from this, financial assistance will also be provided to fisheries.
Gobar-Dhan Yojna
Gobar-Dhan Yojana (also known as Galvanizing Organic Bio-Agro Resource Fund scheme) aims to improve lives of the villagers.
Under it, solid waste of dung and fields will be changed into compost, biogas and bio-CNG.
National Bamboo Mission
₹1,290 crore will be allocated under this scheme to help development of bamboo production as an industry in the country.This will help the people of rural and tribal areas.
Prime Minister Fellowship Scheme
It is aimed at facilitating cutting edge research by provide high fellowship amounts to 1000 B. Tech students to pursue PhD in IITs and IISc.
Its purpose is to make to produce better research in India and make its institutions climb up in global rankings.
Revitalising Infrastructure and Systems in Education (RISE) Scheme
RISE scheme aims to lend low-cost funds to government higher educational institutions.
It will be launched with a total investment of Rs. 1 lakh crore in the next four years.
It will be financed via restructured higher education financing agency (HEFA), a non-banking financial company.
Eklavya School
Eklavya schools will be established for scheduled caste (SC) and schedule tribe students by 2022 on the lines of Navodaya schools.They will be model residential schools set up in each Block. It will in areas with more than 50% tribal areas and 20,000 tribal people.
These schools will be part of Navodaya Vidyalayas.
It will provide training in sports and skill development. It has special facilities for preserving local art and culture.
Operation Green
It will be launched with an allocation of Rs 500 crore on the lines of Operation Flood.
It aims to promote farmer producers organisations, processing facilities, agri-logistics and professional management.
It also aims to aid farmers and help control and limit erratic fluctuations in the prices of tomatoes, onions and potatoes (TOP).
It is essentially price fixation scheme that aims to ensure farmers are given the right price for their produce.
The idea behind it is to double the income of farmers by the end of 2022.
National Bamboo Mission
₹1,290 crore will be allocated under this scheme to help development of bamboo production as an industry in the country.This will help in the development of bamboo production as an industry.
This will also help the people of rural and tribal areas.
Saubhagya Yojna
The government has targeted to increase the number of power connections in rural areas to 40 million households. This scheme is one of PM Modi's ambitious plans.
Expansion of PM Vaya Vandana Yojana
The Pradhan Mantri Vaya Vandana Yojana was launched on 4th May 2017.
The scheme provides regular pension income to senior citizens (60 years or more).
The budget 2018-19 proposed to open this scheme for investment till March 2020.
Apart from extending the scheme‟s investment duration, the investment limit is also increased to Rs15 lakh from 7.5 Lakh per person.
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