To Download Click here - Key Features of Budget 2014-15
Highlights of Budget 2014-2015:
- Tax slab on personal income remains unchanged
- Income tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh.
- Kisan Vikas Patra to be reintroduced, National Savings Certificate with insurance cover to be launched
- Minimum pension increased to Rs 1,000 per month
- Cigarettes, pan masala, tobacco, aerated drinks become costlier
- Shyama Prasad Mukherji Rurban Mission for integrated project based infrastructure in the rural areas.
- 500 crore for “Deen Dayal Upadhyaya Gram Jyoti Yojana” for feeder separation to augment power supply to the rural areas.
- 14,389 crore provided for Pradhan Mantri Gram Sadak Yojna(PMGSY) .
- More productive, asset creating and with linkages to agriculture and allied activities wage employment would to be provided under MGNREGA.
- Under Ajeevika, the provision of bank loan for women SHGs at 4% to be extended to another 100 districts.
- Initial sum of ` 100 crore for “Start Up Village Entrepreneurship Programme” for encouraging rural youth to take up local entrepreneurship programs .
- Allocation for National Housing Bank increased to ` 8000 crore to support Rural housing.
- New programme “Neeranchal” to give impetus to watershed development in the country with an initial outlay of ` 2142 crores.
- Backward Region Grant fund (BRGF) to be restructured to address intra-district inequalities.
Women & Child Development
- Outlay of ` 50 crores for pilot testing a scheme on “Safety for Women on Public Road Transport”.
- Sum of ` 150 crores on a scheme to increase the safety of women in large cities.
- “Crisis Management Centres” in all the districts of NCT of Delhi this year government and private hospitals.
- A sum of ` 100 crore is provided for “Beti Bachao, Beti Padhao Yojana”, a focused scheme to generate awareness and help in improving the efficiency of delivery of welfare services meant for women.
- ` 500 crore provided for setting up 5 more IITs in the Jammu, Chhattisgarh, Goa, Andhra Pradesh and Kerala.
- 5 IIMs in the States of HP, Punjab, Bihar, Odisha and Rajasthan.
- Government would strive to provide toilets and drinking water in all the girls school in first phase. An amount of ` 28635 crore is being funded for Sarv Shiksha Abhiyan(SSA) and ` 4966 crore for Rashtriya madhyamic Shiksha Abhiyan (RMSA).
- `500 crore provided for “Pandit Madan Mohan Malviya New Teachers Training Programme” to infuse new training tools and motivate teachers.
- National Rural Internet and Technology Mission for services in villages and schools, training in IT skills proposed
- An amount of ` 100 crores set aside for “Agri-tech Infrastructure funds.
- A scheme to provide every farmer a soil health card in a Mission mode will be launched.
- To meet the vagaries of climate change a “National Adaptation fund” with an initial sum an amount of ` 100 crore will be set up.
- To provide institutional finance to landless farmers, it is proposed to provide finance to 5 lakh joint farming groups of “Bhoomi Heen Kisan” through NABARD .
- An institution to provide support to mainstreaming PPPPs called 4PIndia to be set up with a corpus of ` 500 crores.
- Project on Ganges called “ Jal Marg Vikas’ to be developed between Allahabad and Haldia.
CULTURE & TOURISM
- ` 200 crore provided to build the Statue of unity(National project)
- Facility of Electronic Travel Authorization (e-Visa) to be introduced in phased manner at nine airports in India.
- ` 200 crore provided for National Heritage City Development and Augmentation Yojana (HRIDAY).
- 100 crore provided for Archaeological sites preservation.
- Composite cap of foreign investment to be raised to 49 per cent in Defence and Insurance sectors.
- Requirement of the built up area and capital conditions for FDI reduced to 20,000 square metres and USD 5 million respectively for development of smart cities.
- Manufacturing can sell its products through retail including Ecommerce platforms.
- Requirement to infuse Rs.2,40,000 crore as equity by 2018 in our banks to be in line with Basel-III norms PSUs will invest through capital investment a total sum of Rs. 2,47,941 crores.
- Rs 4,000 cr set aside to increase flow of cheaper credit for affordable housing to the urban poor/EWS/LIG segment.
- Govt in favour of consolidation of PSU banks