Highlights of Union Budget 2011-12 (Part-III)
February 28th, 2011 - 1:20 pm ICT by ANINew Delhi, Feb 28 (ANI): Union Finance Minister Pranab Minister on Monday presented the Union Budget 2011-12 in the Parliament.
Highlights of Union Budget 2011-12 are as follows:
* Removal of supply bottlenecks in food sector in focus in 2011-12
* Interest subvention on housing loans eligibility relaxed
* Extension of NBS to cover urea under consideration
* Rs 100 crore equity funds for microfinance companies
* Private investment in Agro Processing should increase
* Banks have been asked to increase lending to farmers
* Propose to provide Rs 6000 crore for PSU bank recapitalization
* Rs 6,000 crore to be given to public sector banks to maintain capital-to-risk assets ratio norms
* Government plans to create a Women Self Help Group development fund with a corpus of Rs 500 crore
* Allocation under Rashtriya Krishi Vikas Yojana to be raised from Rs 6755 crore in the current year to Rs 7860 crore
* Rs 300 crore provided to promote pulses cultivation in rain-fed areas
* Government proposes to promote organic farming methods to enable farmers get best from their land
* Government to boost infra development proposes tax-free bonds of 300 billion rupees
* Three percent interest subsidy to farmers in 2011-12
* Existing interest subvention scheme on short term farm loans at seven per cent interest to continue (ANI)
- Allocation for agriculture up 18 percent - Mar 16, 2012
- Agriculture reform at heart of Pranab's budget - Feb 28, 2011
- Record food production in 2010-11, says president - Mar 12, 2012
- Budget focuses on farm sector: Analysts - Feb 28, 2011
- Loan subvention scheme extended to fishermen (Lead, superseding previous story) - Mar 11, 2011
- Home loan subvention scheme extended to fishermen - Mar 11, 2011
- Plan outlay for agriculture up by 18 percent in budget (Lead) - Mar 16, 2012
- India continues to face inflation, cause for concern: Mukherjee - Feb 28, 2011
- Highlights of Union Budget 2011-12 (Part-II) - Feb 28, 2011
- Pradeep Jain thanks FM for giving due importance to real estate sector - Feb 28, 2011
- Highlights of Union Budget 2011-12 (Part-V) - Feb 28, 2011
- Vidarbha farmers unimpressed by budget - Feb 28, 2011
- Karnataka holding agri-biz summit to woo investments - Nov 25, 2011
- Maharashtra proposes interest-free crop loans - Mar 23, 2011
- State-run banks get Rs.6,000 crore - Feb 28, 2011
Tags: bottlenecks, crore, equity funds, farm loans, food sector, group development, housing loans, interest subsidy, nbs, organic farming methods, private investment, public sector banks, recapitalization, rs 500, rs 6000, rupees, tax free bonds, union budget, union finance minister, yojana