Finance Minister Arun Jaitley has

presented the Budget for the year 2018-

19 in Parliament. The budget is largely
focused on the uplift of the agricultural
sector, along with a major push to
healthcare and education sectors in the
country. The major highlights of the
Budget are

 The Finance Minister said that the

Indian economy has grown with an
average growth of 7.5% since 2014.
 The Growth rate is expected between
7.2-7.5% in the second half of 2017-18.
 The Minimum Support Price (MSP) of
all crops shall increase to at least 1.5
times that of the production cost.
 The government will set up a Rs 2,000
crore Agri- Market Infrastructure Fund.
 Food processing sector is going at an
average of 8 percent per annum.
 Allocation to Food Processing
Industries increased to 1400 crores in
2018-19 from 715 crores in 2017-18.
 Arun Jaitley proposes a sum of Rs 500
crore for "Operation Green" on the lines of
"Operation Flood".
 An allocation of 1290 Crores for
Bamboo Mission.
 Air pollution in Delhi-NCR has been a
cause of concern, govt has proposed
subsidised machinery for in-situ
management of crop residue in Punjab,
Haryana, Uttar Pradesh and NCT Delhi.
 A fund for the fishery, aquaculture
development, and animal husbandry will
be set up with a total corpus to be Rs
10,000 crore.
 11 lakh crore institutional credit for
agriculture for 2018-19.
 Ujjwala Yojana: a target of providing
free LPG connection to 8 crore poor
women.
 Swachh Bharat Mission: Six crore
toilets have been built already, and in the
next year, two crore additional toilets will
be constructed IN 2018-19.
 The government will provide 4 crore
electricity connections to the poor under
Saubhagya Yojana.
 Kisan credit card to be extended to
fisheries, animal husbandry farmers.
 The government will establish a
dedicated affordable housing fund.
 Loans to self-help groups will increase
to Rs75, 000 crores.
 Govt. allocated Rs 5, 750 crores to
National Livelihood Mission and Rs 2,600
crore to the groundwater irrigation
scheme.
 Integrated B.Ed program for teachers.
 Eklavya Model School
 Government proposes to launch the
Revitalizing of Infrastructure and Systems
of Education
 (RISE) by next year with a spending of
1 lakh crore in next four years.
 Specialized Railway University to be
set up at Vadodara.
 National Health Protection Scheme-
It will cover 10 crores poor and
vulnerable, families.
 Under this scheme, Rs 5 lakh will be
provided for each family per year.
 Tuberculosis- an allocation of 600
crores to provide nutritional support to TB
Patients. It will include Rs 500 per month
for patients.
 Rs. 1200 crore for health and wellness
centres.
 Loans to women self-help groups of
women to be increased to 75,000 crores
by March 19.
 GOBAR- DHAN SCHEME- Galvanizing
Organic Bio- Agro Resources Dhan
Scheme.
 Govt. is launching a new national
health protection scheme – Rashtriya
Samaj Beema Yojana.
 This will have 50 crore beneficiaries
and 10 crore families will get 5 lakh per
year for their families to cover secondary
and tertiary hospital expenses. This is the
world's largest
 government-funded healthcare
program.
 The government increased allocation
for SC-ST earmarked programmes: Rs
56,000 crore for SCs and Rs 39,000 crore
for STs.
 Mudra Yojana- Target for lending is 3
lakh crores for the year 2018-19.
 5 lakh WiFi hotspots will be set up in
rural areas to provide easy internet
access.
 Government will take all steps to
eliminate use of cryptocurrencies which
are funding
 illegitimate transactions.
 Govt announces Amrut program to
focus on water supply to all households in
500 cities. Water supply contracts for 494
projects worth Rs 19,428 core will be
awarded.
 Revised emoluments for President,
Vice President and Governors
-- Rs 5 lakh for the
President of India
-- Rs 4 lakh for the Vice
President
-- Rs 3.5 lakh for the
Governors

 Government plans to eliminate 4267

unmanned Railway crossings in next two
years.
 150 km additional suburban railway
network at the cost of Rs. 40,000 cr.
 Regional air connectivity scheme shall
connect 56 unserved airports.
 Airport capacity to be hiked to handle 1
billion trips per year.
 Training for 50 lakh youth by 2020.
 Allocation for Digital India Program- Rs
3073 crores for 2018-19.
 124 Airports in the country are aimed to
be expanded more than 5 times.
 Mobile phones set to become costlier
as custom duty on them has been
increased to 20 percent.
 Disaster Resilient Infrastructure Fund:
60 crores
 Government will take all steps to
eliminate use of cryptocurrencies which
are funding
 illegitimate transactions.
 The standard deduction of Rs 40,000
for salaried employees in lieu of transport
and medical expenses.
 A scheme to assign unique IDs to
every individual enterprise to be
introduced.
 Merger of three insurance companies-
The Oriental Insurance Co. Ltd, National
Insurance Co.Ltd, and United India
Insurance Co. Ltd into one insurance
company.
 Total expenditure for the fiscal year
2018-19 is estimated to be over Rs 24.42
lakh crore.
 Central board of excise and customs
[CBEC] to be renamed central board of
indirect taxes and customs (CBIC).
 Relief to Senior Citizens: Exemption of
Interest Income on deposits increased to
Rs 50,000
 Pradhan Mantri Vaya Vandana Yojana
extended up to march 2020
 Existed limit on investment under
pmvvy enhanced to Rs 15 lakhs
 More Than 1.26 Crore Accounts
Opened Across The Country Under
Sukanya Samriddhi AccountScheme.
 India will celebrate 150 th Anniversary
of Mahatma Gandhi and allocation for such
 commemorations is 150 crores.
 3% Education cess has been replaced
by 4% Health and Education Cess.
 Fiscal Deficit: Projection for 2018-19 –
3.3%
 It has been 4.1% during 2014-15, 3.9%
during 2015-16, 3.5% during 2016-17 and
3.5% during 2017-18.
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