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Highlights of Union Budget 2014-15
- FY16 Fiscal Deficit Target at 3.6%
- FY17 Fiscal Deficit Target at 3%
- Rs. 200 crore for 6 more textile clusters in Rase Bareily, Lucknow, Surat and Bhagalpur.
- Rs. 30 crore set aside for 'hasthakala academy' for reviaval of handicrafts
- Rs. 50 crore set aside for Pashmina Production programme in J&K
- Rs. 378,800 crore for NHAI and State Highways
- Rs. 3,000 crore for raods in North East
- Rs. 4,200 corre for Jal Marg Vikas project on river Ganga connecting allahabad to Haldia
- 100 : Number of new cities government will build
- Rs. 7,060 cr : Amount sanctioned for creation of new smart cities
- E-Visas : To be introduced at 9 airports to provide much requried boost to tourism
- Rs. 200 crore : Amount sanctioned for Sardar Patel statue
- Rs. 500 crore : To be spent on Gram Jyhothi Youjana
- Rs. 6,000 crore : Amount for welfare of senior citizens
- Rs. 150 crore : To be spent to enhance safety of women on roads
- Rs. 1,000 crore : Pension for EP subscriber scheme
- Taxes Highlights :
- Rs. 2.5 lakh : Tax exemption limit for small & marginal, senior tax payers, up from Rs. 2 lakh
- Rs. 3 lakh : Tax exemption limit for senoir citizens, up from Rs. 2.5 lakh
- Rs. 1.5 lakh : Increased investment limit under Section 80C, up from Rs. 1 lakh
- Rs. 2 Lakh : Revised housing lan regate, up from Rs. 1.5 lakh
- No change in tax rates
- No change in surcharge
- Agriculture highlights
- Rs. 100 crore set aside for schemes to provide soil health card
- Rs. 56 crore for soil testing labs across the country
- Rs. 200 crore set aside for agriculture universities in AP and Rajasthan, and Horticulture University in Haryana, Telangana
- 5 lakh landless farmers to be provided finance through NABARD
- Rs. 8 lakh crore set aside for development of agriculture sector
- 3% amount of incentive to be given to farmers repaying loans on time
- Rs. 100 crore set aside for Kisan Television to provide real time information on various farming and agriculture issues
- Education Highlights
- Rs. 100 crore for Beti Bachao-Beti Padhao yojana
- 4 new AIIMS to be set up in AP, UP, WB and Maharashtra
- Rs. 28,000 core for sanitation in all primary schools
- 12 more governement medical colleges to be set up
- 5 new IITs and IIMs to be set up
- Rs. 3,600 crore for rural drinking water programme
- Rs. 8,000 crore for rural housing scheme
- Rs. 100 crore to be spent on upgrading madarsas
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