In last year’s Budget speech, I focused on ‘income security’ of farmers to double their income in 5 years. The target for agricultural credit in 2017-18 has been fixed at a record level of Rs10 lakh crores. Over 250 investment proposals for electronics manufacturing have been received in the last 2 years, totalling an investment of Rs1.26 lakh crores. The total resources being transferred to the States and the Union Territories with Legislatures is Rs4.11 lakh crores, against Rs3.60 lakh crores in BE 2016-17Details of allocations for important sectors and schemes and transfer of resources to States are given in Annex II of my Speech. I have taken due care to limit the net market borrowing of Government to Rs 3.48 lakh crores after buyback, much lower than Rs4.25 lakh crores of the previous year.

Source: Mint February 01, 2017 09:36 UTC