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Budget to aim at 7-8 per cent growth

Budget to aim seven to eight per cent growth, focus on agriculture and fiscal consolidation.

Published on: Jul 8, 2004, 11:41:00 IST
PTI | By , New Delhi
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Budget to aim seven to eight per cent growth, focus on agriculture and fiscal consolidation.

HT Image
HT Image

Planning Commission will reorient its approach to planned development.

In addition to gross budgetary support of Rs. 1,31,000 crore provided in the interim budget, the Budget has decided to allocate Rs.3,000 crore.

The government would draw a five-year road map for implementing the Common Minimum Programme to achieve growth and equity.

Government proposes to wipe out revenue deficit by 2007/08 against 2008/09 target set in the fiscal responsibility and budget management act.

Government would ensure that a child remains in school for at least eight years and does not go hungry.

The Government will ensure that adequate funds are made available for universalisation of primary education for all children.

It will also provide funds ensuring availability of drinking water.

It is proposed to launch new food for work programme to step up employment in rural areas. Rs.6,000 crore provided under various schemes and more funds to be made available if needed.

Rs 3,500 crore subsidy for Antodaya scheme under which food grains would be provided for poorest of the poor.

Micro finance to be stepped up. Micro enterprises by self help groups to be encouraged.

On scheduled castes welfare programme, an allocation of Rs 1,180 crore has been proposed, marking an increase of Rs 1,137 crore.

For welfare programmes of Scheduled Tribes, allocation of Rs 1,146 crore has been proposed. It marks an increase of Rs 1,087 crore.

Drinking water for all. Minor irrigation, water harvesting to be encouraged. More housing for the poor. Electricity for all.

Government proposed to launch a programme to upgrade 500 ITIs in the country.

Universal Heatlh Insurance Scheme, now operational is skewed against poor, is proposed to be redesigned.

Proposed to increase the subsidy under the Health Insurance Scheme. For individuals it has been raised to Rs.200, Rs.300 for a family of five, and Rs.400 for a family of seven.

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