Top 10 New Schemes Explained

The 2015 Union Budget presented by Finance Minister Arun Jaitley saw the introduction of new schemes across multiple sectors. The list is topped by Micro Units Development Refinance Agency (MUDRA) Bank with an initial corpus of Rs. 20,000 crore and a credit guarantee corpus of Rs3,000 crore. MUDRA bank will act as a re-finance agency providing lending priority to SC/ST businesses through the

Pradhan Mantri Mudra Yojana (Prime Minister’s Micro Units Development Programme). National Investment and Infrastructure Fund (NIIF) will be provided Rs 20,000 crore for boosting infrastructure investments. Pradhan Mantri Krishi Sinchai Yojana (Prime Minister’s Irrigation Programme) has been allocated Rs. 1,800 crore. The programme will provide support to micro-irrigation and watershed development. This will also cover the ‘per drop more crop programme’ under the department of agriculture and co-operation. Another important scheme for agriculture is the

Paramparagat Krishi Vikas Yojana (Traditional Farming Improvement Programme) that has been allocated Rs 300 crore. The newly formed Ministry for Skill development has been allocated Rs. 1,500 crore (see IndiaSpend article). Several new schemes have been launched focusing on pensions and insurance. .tg {border-collapse:collapse;border-spacing:0;} .tg td{font-family:Arial, sans-serif;font-size:14px;padding:10px 5px;border-style:solid;border-width:1px;overflow:hidden;word-break:normal;} .tg th{font-family:Arial, sans-serif;font-size:14px;font-weight:normal;padding:10px 5px;border-style:solid;border-width:1px;overflow:hidden;word-break:normal;}

Sr. No.	Programme Name	Sector	Allocation
1	Micro Units Development Refinance Agency (MUDRA) Bank	Industry	20000
2	National Investment and Infrastructure Fund (NIIF)	Infrastructure	20000
3	Pradhan Mantri Krishi Sinchai Yojana	Agriculture	1800
4	Kaushal Vikas Yojana	Skill Development	1500
5	Self-Employment and Talent Utilization	Planning	1000
6	Paramparagat Krishi Vikas Yojana	Agriculture	300
7	Van Bandhu Kalyan Yojana	Tribal Affairs	200
8	Atal Innovation Mission (AIM)	Planning	150
9	Rashtriya Swasthya Bima Yojana	Health	100
10	Pravasi Kaushal Vikas Yojana	Overseas Indians	20

Source: Union Budget, 2015; Figures in Rs crore _____________________________________________________________________________ “Liked this story? Indiaspend.org is a non-profit, and we depend on readers like you to drive our public-interest journalism efforts. Donate Rs 500; Rs 1,000, Rs 2,000.”