Mr. Pranab Mukherjee, presented the Interim Budget 2009-2010 in the Lok Sabha on Feb 16, 2009
Please find below the highlights of Interim Budget 2009 - 2010
- Aam Aadmi is the main focus of development process.
- GDP records sustained growth of over 9 % for 3 consecutive years. With per Capita Income growing @ 7.4% pa.
- Fiscal Deficit came down from 4.5% in 2003-04 to 2.7 % in 2007-08.
- Revenue Deficit came down from 3.6% to 1.1%.
- Investment and Savings recorded significant improvement.
- Exports showed growth at an annual average growth rate of 26.4% in US Dollars in 2008-2009
- Foreign Trade records an increase from 23.07% of GDP in 2003-.2004 to 35.5% in 2007-2008
- Encouragement of Private Investment in infrastructure sectors through Public Private Partnership
- Employment Generation Schemes expanded and Social Security nets strengthened
- The Credit Disbursements to Agriculture up 300 % – touch Rs. 2.5 lac Crore in 2007-08
- Provide interest subvention in 2009-2010 for farmers to avail Short Term Crop Loans upto 3.00 lacs @7% p.a
- Rs. 65,300 Crore Debt Waiver and relief given to 3.6 Crore farmers
- Rural Infrastructure Development Fund ( RIDF) Corpus increased to Rs. 14,000 crore in 2008-09
- 60.12 lakh houses for weaker sections constructed under Indira Awaas Yojana
- Panchayat Empowerment and Accountability Scheme ( PEAIS) to be substantially expanded
- The Department of Posts launched "Project Arrow" for revitalization of core operations and provides new technology enabled service to the common man
- 15 Central Universities established, 6 new IIT’s start functioning
- The Educational Loan Accounts rose to 14.09 lacs in 2008-2009
- Two new schemes-Indira Gandhi National Widow Pension and Indira Gandhi National Disability Pension Schemes to be launched
- 146 lacs persons benefited from Indira Gandhi National Old Age Pension Scheme
- Financial Sector Reforms strengthen regulatory mechanism of Securities Market
- NPA’S of Public Sector Banks decline
- The rates of Union Excise Duties and Service Tax rationalized
- Rs. 953,231 Crore expenditure proposed for 2009-10
- Rs. 1,31, 317 Crore allocated to Flagship Programmes
- Rs.100 crore for Unique Identification Authority for 2009-2010
- Defence gets Rs. 1,41,703 Crore in the Interim Budget
- Revenue Deficit for 2009-10 estimated at 4 per cent and Fiscal Deficit 5.5 per cent of GDP
|
