BUDGET

2018-19
31/03/2018 Summary of Budget 2018-19

Press Information Bureau

Government of India
Ministry of Finance
01-February-2018 13:49 IST
Summary of Budget 2018-19

Government says that it is firmly on course to achieve high growth of 8% plus as manufacturing, services and exports are
back on good growth path. While GDP growth at 6.3% in the second quarter of 2017-18 signalled turnaround of the
economy, growth in the second half is likely to remain between 7.2% to 7.5%. The Union Minister for Finance and
Corporate Affairs Shri Arun Jaitley while presenting the General Budget 2018-19 in Parliament today said that Indian
society, polity and economy had shown remarkable resilience in adjusting with the structural reforms. IMF, in its latest
Update, has forecast that India will grow at 7.4% next year in the backdrop of services resuming high growth rates of 8%
plus, exports expected to grow at 15% in 2017-18 and manufacturing back on good growth path.

Reiterating the pledge given to the people of India four years ago to give this nation an honest, clean and transparent
Government and to build a strong, confident and a New India, Shri Jaitley said, the Government led by Prime Minister, Shri
Narendra Modi, has successfully implemented a series of fundamental structural reforms to propel India among the fastest
growing economies of the world.

The Finance Minister said that Government has taken up programmes to direct the benefits of structural changes and
good growth to reach farmers, poor and other vulnerable sections of our society and to uplift the under-developed regions.
He said, this year’s Budget will consolidate these gains and particularly focus on strengthening agriculture and rural
economy, provision of good health care to economically less privileged, taking care of senior citizens, infrastructure creation
and working with the States to provide more resources for improving the quality of education in the country. He said, the
Government has ensured that benefits reach eligible beneficiaries and are delivered to them directly and said that Direct
Benefit Transfer mechanism of India is the biggest such exercise in the world and is a global success story.

Agriculture and Rural Economy

Referring to the Government’s commitment to the welfare of farmers and doubling farmers’ income by 2022, the
Finance Minister announced a slew of new schemes and measures.

He said ,that government has decided to keep MSP for all unannounced kharif crops atleast one and half times of their
production cost after declaring the same for the majority of rabi cops. He said,the volume of institutional credit for
agriculture sector from year-to-year increased from Rs.8.5 lakh crore in 2014-15 to Rs.10 lakh crore in 2017-18 and he
proposed to raise this to Rs.11 lakh crore for the year 2018-19. After the establishment of Dairy Infrastructure Fund, Shri
Jaitley announced setting up a Fisheries and Aqua culture Infrastructure Development Fund (FAIDF) for fisheries sector and

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an Animal Husbandry Infrastructure Development Fund (AHIDF) for financing infrastructure requirement of animal
husbandry sector with a total corpus of Rs.10,000 crore for the two new funds. On the lines of ‘‘Operation Flood’’ a new
Scheme ‘‘Operation Greens’’ was announced with an outlay of Rs 500 Crore to address the challenge of price volatility of
perishable commodities like tomato, onion and potato with the satisfaction of both the farmers and consumers. He also
announced to develop and upgrade existing 22,000 rural haats into Gramin Agricultural Markets (GrAMs) to take care of the
interests of more than 86% small and marginal farmers. These GrAMs, electronically linked to e-NAM and exempted from
regulations of APMCs, will provide farmers facility to make direct sale to consumers and bulk purchasers. Moreover, an
Agri-Market Infrastructure Fund with a corpus of Rs.2000 crore will be setup for developing and upgrading agricultural
marketing infrastructure in the 22000 Grameen Agricultural Markets (GrAMs) and 585APMCs. He said, so far 470 APMCs
have been connected to e-NAM network and rest will be connected by March, 2018. Shri Jaitley announced Rs 200 crore
for organized cultivation of highly specialized medicinal and aromatic plants and said that the organic farming by Farmer
Producer Organizations (FPOs) and Village Producers’ Organizations (VPOs) in large clusters, preferably of 1000 hectares
each will be encouraged. Similarly, allocation of Ministry of Food Processing has been doubled from Rs.715 crore in 2017-
18 to Rs.1400 crore in 2018-19. Terming Bamboo as ‘Green Gold’, the Finance Minister announced a Re-structured
National Bamboo Mission with an outlay of Rs.1290 crore to promote bamboo sector in a holistic manner. Under Prime
Minister Krishi Sinchai Yojna-Har Khet ko Pani, 96 deprived irrigation districts will be taken up with an allocation of Rs
2600 crore. The Centre will work with the state governments to facilitate farmers for installing solar water pumps to irrigate
their fields. He also proposed to extend the facility of Kisan Credit Cards to fisheries and animal husbandry farmers to help
them meet their working capital needs. Shri Jaitley said India’s agri-exports potential is as high as US $100 billion against
current exports of US $30 billion and to realize this potential, export of agri-commodities will be liberalized. He also
proposed to set up state-of-the-art testing facilities in all the forty two Mega Food Parks. He also announced a special
Scheme to support the efforts of the governments of Haryana, Punjab, Uttar Pradesh and the NCT of Delhi to address air
pollution in the Delhi-NCR region by subsidizing machinery required for in-situ management of crop residue.

On the loans to Self Help Groups of women, the Finance Minister said it increased to about Rupees 42,500 crore in
2016-17, growing 37% over previous year and expressed confidence that loans to SHGs will increase to Rs.75,000 crore by

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March, 2019. He also substantially increased allocation of National Rural Livelihood Mission to Rs 5750 crore in 2018-19.

Referring to the measures taken for the benefit of lower and middle class, the Finance Minister said, under Ujjwala
Scheme distribution of free LPG connections will be given to 8 crore poor women instead of the previous target of 5 crore
women. Under Saubahagya Yojana, 4 crore poor households are being provided with electricity connection with an outlay of
Rs.16,000 crore. To fulfil target of housing for All by 2022 ,more than one crore houses will be built by 2019 in rural areas,
besides already constructed 6 crore toilets under Swachh Bharat Mission.

Shri Jaitley stressed that the focus of the Government next year will be on providing maximum livelihood
opportunities in the rural areas by spending more on livelihood, agriculture and allied activities and construction of rural
infrastructure. He said, in the year 2018-19, for creation of livelihood and infrastructure in rural areas, total amount to be
spent by the Ministries will be Rs.14.34 lakh crore, including extra-budgetary and non-budgetary resources of Rs.11.98 lakh
crore. Apart from employment due to farming activities and self employment, this expenditure will create employment of
321 crore person days, 3.17 lakh kilometers of rural roads, 51 lakh new rural houses, 1.88 crore toilets, and provide 1.75
crore new household electric connections besides boosting agricultural growth.

Education, Health and Social Protection

The Finance Minister said that estimated budgetary expenditure on health, education and social protection for 2018-
19 is Rs.1.38 lakh crore against estimated expenditure of Rs.1.22 lakh crore in 2017-18 .

On education front, Shri Jaitley announced setting up of Ekalavya Model Residential School on par with Navodaya
Vidyalayas to provide the best quality education to the tribal children in their own environment by 2022 in every block with
more than 50% ST population and at least 20,000 tribal persons with special facilities for preserving local art and culture
besides providing training in sports and skill development. To step up investments in research and related infrastructure in

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premier educational institutions, including health institutions, a major initiative named ‘‘Revitalising Infrastructure and
Systems in Education (RISE) by 2022’’ with a total investment of Rs.1,00,000 crore in next four years was announced . He
said that a survey of more than 20 lakh children has been conducted to assess the status on the ground, which will help in
devising a district-wise strategy for improving quality of education. To improve the quality of teachers an integrated B.Ed.
programme for teachers will be initiated. Shri Jaitley said, the Government would launch the ‘‘Prime Minister’s Research
Fellows (PMRF)’’ Scheme this year. Under this, 1,000 best B.Tech students will be identified each year from premier
institutions and provide them facilities to do Ph.D in IITs and IISc, with a handsome fellowship. Allocation on National
Social Assistance Programme this year has been kept at Rs. 9975 crore.

The Finance Minister announced the world’s largest government funded health care programme titled National
Health Protection Scheme to cover over 10 crore poor and vulnerable families (approximately 50 crore beneficiaries)
providing coverage upto 5 lakh rupees per family per year for secondary and tertiary care hospitalization. He also
committed Rs 1200 crore for the National Health Policy, 2017, which with 1.5 lakh Health and Wellness Centres will bring
health care system closer to the homes of people. The Government also decided to allocate additional Rs.600 crore to
provide nutritional support to all TB patients at the rate of Rs.500 per month for the duration of their treatment. Shri Jaitley
said, the government will be setting up 24 new Government Medical Colleges and Hospitals by upgrading existing district
hospitals in the country.

On cleaning the Ganga, the Finance Minister said, a total of 187 projects have been sanctioned under the Namami
Gange programme for infrastructure development, river surface cleaning, rural sanitation and other interventions at a cost of
Rs.16,713 crore. 47 projects have been completed and remaining projects are at various stages of execution. All 4465
Ganga Grams – villages on the bank of river - have been declared open defecation free. He said, the government has
identified 115 aspirational districts taking various indices of development in consideration for making them model districts
of development.

Medium, Small and Micro Enterprises (MSMEs) and Employment

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The Budget has given a big thrust to Medium, Small and Micro Enterprises (MSMEs) to boost employment and
economic growth. A sum of Rs. 3794 crore has been provided for giving credit support, capital and interest subsidy and for
innovations. MUDRA Yojana launched in April, 2015 has led to sanction of Rs.4.6 lakh crore in credit from 10.38 crore
MUDRA loans. 76% of loan accounts are of women and more than 50% belong to SCs, STs and OBCs. It is proposed to set
a target of Rs.3 lakh crore for lending under MUDRA for 2018-19 after having successfully exceeded the targets in all
previous years.

Employment Generation

Reiterating that creating job opportunities is at the core of Government policies, Finance Minister cited an
independent study as showing that 70 lakh formal jobs will be created this year. To carry forward the momentum created by
the measures taken during the last 3 years to boost employment generation, Shri Jaitley announced that the Government will
contribute 12% of the wages of the new employees in the EPF for all the sectors for next three years. He proposed to make
amendments in the Employees Provident Fund and Miscellaneous Provisions Act, 1952 to reduce women employees'
contribution to 8% for first three years of their employment against existing rate of 12% or 10% with no change in
employers' contribution.

The Budget proposed an outlay of Rs.7148 crore for the textile sector in 2018-19 as against Rs.6,000 Crore in 2016.

Infrastructure and Financial Sector Development

Emphasising that infrastructure is the growth driver of economy, the Finance Minister estimated that investment in
excess of Rs.50 lakh crore is needed to increase growth of GDP and connect the nation with a network of roads, airports,
railways, ports and inland waterways. He announced increase of budgetary allocation on infrastructure for 2018-19 to
Rs.5.97 lakh crore against estimated expenditure of Rs.4.94 lakh crore in 2017-18.

The Government has made an all-time high allocation to rail and road sectors and is committed to further enhance
public investment. The Prime Minister personally reviews the targets and achievements in infrastructure sectors on a regular

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basis. Using online monitoring system of PRAGATI alone, projects worth 9.46 lakh crore have been facilitated and fast
tracked.

To further boost tourism, the Budget proposes to develop ten prominent tourist sites into Iconic Tourism destinations
by following a holistic approach involving infrastructure and skill development, development of technology, attracting
private investment, branding and marketing.

Under the Bharatmala Pariyojana, about 35000 kms road construction in Phase-I at an estimated cost of Rs.5,35,000
crore has been approved.

Railways

Railways Capital Expenditure for the year 2018-19 has been pegged at Rs.1,48,528 crore. A large part of the Capex
is devoted to capacity creation. 4000 kilometers of electrified railway network is slated for commissioning during 2017-18.
Work on Eastern and Western dedicated Freight Corridors is in full swing. Adequate number of rolling stock – 12000
wagons, 5160 coaches and approximately 700 locomotives are being procured during 2018-19. Over 3600 kms of track
renewal is targeted during the current fiscal. Redevelopment of 600 major railway stations is being taken up.

Mumbai’s local train network will have 90 kilometers of double line tracks at a cost of over Rs.11,000 crore. 150
kilometers of additional suburban network is being planned at a cost of over Rs.40,000 crore, including elevated corridors
on some sections. A suburban network of approximately 160 kilometers at an estimated cost of Rs.17,000 crore is being
planned to cater to the growth of the Bengaluru metropolis.

Air Transport

The Budget proposes to expand the airport capacity more than five times to handle a billion trips a year under a new
initiative - NABH Nirman. Under the Regional connectivity scheme of UDAN (Ude Desh ka Aam Nagrik) initiated by the
Government last year, 56 unserved airports and 31 unserved helipads would be connected.

Finance

To encourage raising funds from bond market, the Finance Minister urged regulators to move from ‘AA’ to ‘A’ rating
for investment eligibility. He said that the Government will establish a unified authority for regulating all financial services

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in International Finance Service Centre (IFSCs) in India.

Digital Economy

The Finance Minister said that NITI Aayog will initiate a national program to direct efforts in artificial intelligence.

Department of Science & Technology will launch a Mission on Cyber Physical Systems to support establishment of
centres of excellence for research, training and skilling in robotics, artificial intelligence, digital manufacturing, big data
analysis, quantum communication and internet of things. The Budget doubled the allocation on Digital India programme to
Rs 3073 crore in 2018-19.

To further Broadband access in villages, the Government proposes to set up five lakh wi-fi hotspots to provide net
connectivity to five crore rural citizens. The Finance Minister allocated Rs. 10000 crore in 2018-19 for creation and
augmentation of Telecom infrastructure.

Defence

Recognizing the sacrifices made by the Armed Forces in meeting the security challenges, the Finance Minister
proposed development of two defence industrial production corridors.

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Shi Jaitley announced that a scheme will be evolved to assign every individual enterprise in India a unique ID, on the
lines of Aadhar.

Disinvestment

The Finance Minister announced that 2017-18 disinvestment target of Rs.72,500 crore has been exceeded and
expected receipts of Rs.1,00,000 crore. He set disinvestment target of Rs.80,000 crore for 2018-19.

Three Public Sector Insurance companies- National Insurance Co. Ltd., United India Assurance Co. Ltd., and
Oriental India insurance Co. Ltd., will be merged into a single insurance entity.

The Finance Minister announced that a comprehensive Gold Policy will be formulated to develop gold as an asset
class. The Government will also establish a system of consumer friendly and trade efficient system of regulated gold
exchanges in the country. Gold Monetization Scheme will be revamped to enable people to open a hassle-free Gold Deposit
Account.

The Budget proposes to revise emoluments to Rs.5 lakh for the President, Rs 4 lakhs for the Vice President and
Rs.3.5 lakh per month to Governor. These emoluments were last revised in 2006.

With regard to the emoluments paid to the Members of Parliament, the Finance Minister proposed necessary changes
to refix the salary and allowances with effect from April 1, 2018. He said the law will also provide for automatic revision of
emoluments every five years indexed to inflation and hoped that the Hon’ble Members will welcome this initiative.

To celebrate the 150 Birth Anniversary of Mahatma Gandhi, Father of the Nation from 2nd October 2019, the Budget
set aside Rs.150 crore for the activities leading to the commemoration programme.

Fiscal Management

The Budget Revised Estimates for expenditure in 2017-18 are Rs.21.57 lakh crore (net of GST compensation
transfers to the States) as against the Budget Estimates of Rs.21.47 lakh crore.

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Continuing Government’s path of fiscal reduction and consolidation, the Finance Minister projected a Fiscal Deficit
of 3.3% of GDP for the year 2018-19. The Revised Fiscal Deficit estimates for 2017-18 were put at Rs. 5.95 lakh crore at
3.5% of GDP. He also proposed acceptance of key recommendations of the Fiscal Reform and Budget Management
Committee to bring down Central Government’s Debt to GDP ratio to 40%.

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Presenting his direct tax proposals, the Finance Minister said that attempts to reduce the cash economy and increase
the tax net have paid rich dividends. The growth rate of direct taxes in financial years 2016-17 and 2017-18 have been
significant, he said. The growth of direct taxes in financial year 2016-17 was 12.6 percent, and for financial year 2017-18
(upto 15th January, 2018) is 18.7 percent. Therefore Shri Jaitley said buoyancy in personal income tax for financial year
2016-17 and 2017-18 (RE) are 1.95 and 2.11 respectively. This the Finance Minister said, indicates that additional revenue
collected in the last two financial years from personal income tax compared to average buoyancy for the pre 2016-17 period,
amounts to a total of Rs. 90,000 crore, which is a result of a strong anti-evasion measures by the government.

The Finance Minister also said that there has been a huge increase in the number of returns filed by tax payers. The
number of Effective Tax Payers has increased from 6.47 crore at the beginning of Financial year 2014-15 to 8.27 crore at the
end of 2016-17.

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Shri Jaitley has proposed 100 percent deduction to companies registered as Farmer Producer Companies with an
annual turnover upto Rs. 100 crore on profit derived from such activities, for a period of five years from financial year 2018-
19. This he said will promote post harvest agriculture activities and also encourage “Operation Greens” announced earlier
and would give a boost to the Sampada Yojana.

In order to encourage creation of new employment the deduction of 30 percent Under Section 80-JJAA with a further
relaxation to 150 days in the case of the apparel industry, has been proposed to be extended to the footwear and leather
industry. The Finance Minister has also proposed to rationalise the deduction of 30 percent by allowing the benefit for a new
employee employed for less than the minimum period during the first year, but continues to remain employed for the
minimum period in the subsequent year.

Turning to the real estate sector, the Finance Minister has proposed that no adjustment shall be made in respect of
transactions in immovable property, where the Circle Rate value does not exceed 5 percent of the consideration. This would
minimize hardship in real estate transactions.

In fulfilment of the promise to reduce the corporate tax rate in a phased manner, Shri Jaitley has proposed to extend
the reduced rate of 25 percent currently available for companies with turnover of less than 50 crore (in Financial Year 2015-
16), also to companies reporting turnover up to Rs. 250 crore in Financial Year 2016-17. This would benefit the entire class
of micro, small and medium enterprises, which account for almost 99 percent of companies filing tax returns, he said. The
estimated revenue forgone during Financial Year 2018-19 will be Rs. 7,000 crore. This lower corporate income tax rate
would leave such companies with higher investible surplus, which would create more jobs.

The Budget proposals also seek to provide relief to salaried tax payers by allowing a Standard Deduction of Rs.
40,000 in place of the present exemption allowed for transport allowance and reimbursement of miscellaneous medical
expenses. However, transport allowance at enhanced rate is proposed to be continued for differently abled persons. Further,

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it is also proposed to continue medical reimbursement benefits in case of hospitalization etc. for all employees. The
proposed Standard Deduction will help middle class employees even further in reducing their tax liabilities. It will also
significantly benefit pensioners, who normally do not enjoy any allowance for transport and medical expenses, Shri Jaitley
said. 2.5 crore salaried employees and pensioners would benefit from this proposal and the revenue cost would be
approximately Rs. 8,000 crore.

Relief to Senior Citizens has also been proposed. The proposals are :-

Exemption of interest income on deposits with banks and post offices are proposed to be increased from Rs. 10,000 to
Rs. 50,000. TDS shall not be required to be deducted under section 194A. Benefit will also be available for interest
from all fixed deposit schemes and recurring deposit schemes.
Hike in deduction limit for health insurance premium and/ or medical expenditure from Rs. 30,000 to Rs. 50,000
under section 80D.
Increease in deduction limit for medical expenditure for certain critical illness from Rs. 60,000 (in case of senior
citizens) and from Rs. 80,000 (in case of very senior citizens) to Rs. 1 lakh for all senior citizens, under section
80DDB. Concessions will give extra tax benefit of Rs. 4,000 crore to senior citizen. It is also proposed to extend the
Pradhan Mantri Vaya Vandana Yojana up to March, 2020. The current investment limit is also proposed to be
increased to Rs. 15 lakh from the existing limit of Rs. 7.5 lakh per senior citizen.

It is proposed to provide more concessions for International Financial Services Centre (IFSC), in order to promote trade in
stock exchanges located in IFSC. The concessions propose transfer of derivatives and certain securities by non- residents
from capital gains tax, and non corporate tax payers operating in IFSC to be charged Alternate Minimum Tax (AMT) at
concessional rate of 9 percent at par with Minimum Alternate Tax (MAT) applicable for corporates.

In a measure that proposes to control the cash economy, payments exceeding Rs. 10,000 in cash made by trusts and
institutions shall be disallowed and would be subject to tax. In order to improve TDS compliance by these entities, the
Finance Minister has proposed to provide that in case of non deduction of tax, 30 percent of the amount shall be disallowed
and would be taxed.

Turning to rationalization of Long Term Capital Gains (LTCG), the Finance Minister noted buoyancy in the equity market,
as a result of reforms and incentives given so far. The total amount of exempted capital gains from listed shares and units is
around Rs. 3,67,000 crore (as per returns filed for A.Y. 2017-18). Shri Jaitley said that a major part of this gain has accrued
to corporates and LLPs. This has also created a bias against manufacturing, leading to more business surpluses being
invested in financial assets. Due to attractiveness on return on investment on equity, even without tax exemption, there is a
strong case for bringing Long Term Capital Gains from listed equities in the tax net, the Finance Minister said. He has
however only proposed a modest change in the present regime, recognizing that a vibrant equity market is essential for
economic growth. Shri Jaitley has proposed to tax such Long Term Capital Gains exceeding Rs. 1 lakh at the rate of 10

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percent, without allowing any indexation benefit. However, all gains up to 31st January, 2018 will be grandfathered. The
Finance Minister has also proposed to introduce a tax on distributed income by equity oriented mutual funds at the rate of 10
percent, to provide a level field across growth oriented funds and dividend distributing funds. The proposed change in
Capital Gains Tax will bring marginal revenue gain of about Rs. 20,000 crore in the first year, in view of grandfathering.

In order to take care of the education and health care needs of Below Poverty Line (BPL) and rural families, The Budget
proposes to increase the cess on personal income tax and corporation tax to 4 percent from the present 3 percent. The new
cess will be called the “Health and Education Cess” and is expected to lead to a collection of an estimated additional amount
of Rs. 11,000 crore.

The Finance Minister also announced a proposal to roll out E-assessment across the country to almost eliminate person to
person contact leading to greater efficiency and transparency in direct tax collection. E-assessment had been introduced on a
pilot basis in 2016 and extended to 102 cities in 2017.

On the indirect taxes side, this being the first budget after the roll out of the Goods and Services Tax (GST), the budget
proposals are mainly on the customs side. The Finance Minister has proposed changes in customs duty to promote creation
of more jobs in the country and also to incentivise domestic value addition and Make in India in sectors such as food
processing, electronics, auto components, footwear and furniture. Therefore it is proposed to increase customs duty on
mobile phones from 15 percent to 20 percent, on some of their parts and accessories to 15 percent and on certain parts of
televisions to 15 percent.

Customs duty is proposed to be reduced on raw cashew from 5 percent to 2.5 percent, to help the cashew processing
industry.

It is also proposed to abolish the Education Cess and Secondary and Higher Education Cess on imported goods. In its place
it is proposed to impose a Social Welfare Surcharge at the rate of 10 percent of the aggregate duties of Customs, on imported
goods, to provide for social welfare schemes of the government. However, goods which were so far exempt from Education
Cesses on imported goods, will however continue to be so. In addition, certain specified goods, mentioned in Annexure 6 of
the Budget speech, will attract the proposed Surcharge, at the rate of 3 percent of the aggregate duties of customs only.

With the roll of GST, the Budget also proposes to change the name of the Central Board of Excise and Customs (CBEC) to
the Central Board of Indirect Taxes and Customs (CBIC).

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DS/OK/RM/NW/RV/SNC

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|ÉÉlÉÉÊàÉBÉE PÉÉ]ä BÉEÉä ¤ªÉÉVÉ +ÉnɪÉÉÊMɪÉÉÆ PÉ]ÉBÉE® ®ÉVÉBÉEÉäKÉÉÒªÉ PÉÉ]ä
uÉ®É àÉÉ{ÉÉ VÉÉiÉÉ cè*
3. ¤ÉVÉ] 2018-19 ABÉE +ÉÉä® BÉßEÉÊKÉ, ºÉÉàÉÉÉÊVÉBÉE FÉäjÉ, ÉÊbÉÊVÉ]ãÉ
£ÉÖMÉiÉÉxÉ, +ɴɺÉÆ®SÉxÉÉ +ÉÉè® ®ÉäVÉMÉÉ® ºÉßVÉxÉ àÉå ÉÊxÉ´Éä¶É BÉEÉä àÉci´É{ÉÚhÉÇ
°ô{É ºÉä ¤É¸ÉxÉä BÉEÉÒ ºÉ®BÉEÉ® BÉEÉÒ o¸ |ÉÉÊiɤÉriÉÉ +ÉÉè® nںɮÉÒ +ÉÉä® ºÉÉlÉ
cÉÒ ºÉÉlÉ ®ÉVÉBÉEÉäKÉÉÒªÉ PÉÉ]ä BÉEÉä 2017-18 BÉäE ºÉƶÉÉäÉÊvÉiÉ +ÉxÉÖàÉÉxÉ BÉEÉÒ
iÉÖãÉxÉÉ àÉå ºÉPÉ= BÉEÉ 0.2± BÉEàÉ BÉE®BÉäE ®ÉVÉBÉEÉäKÉÉÒªÉ ºÉÖo¸ÉÒBÉE®hÉ BÉäE
àÉÉMÉÇ {É® b]ä ®cxÉä BÉEÉä n¶ÉÉÇiÉÉ cè* <ºÉàÉå ®ÉVÉBÉEÉäKÉÉÒªÉ PÉÉ]ä BÉEÉä ºÉPÉ=
BÉäE 3.3± {É® ®JÉiÉä cÖA ºÉƶÉÉäÉÊvÉiÉ +ÉxÉÖàÉÉxÉ (2017-18) BÉEÉÒ iÉÖãÉxÉÉ
àÉå ´ªÉªÉ àÉå `2,24,463 BÉE®Éä½ BÉEÉÒ ´ÉßÉÊr BÉEÉÒ {ÉÖÉÎK] BÉEÉÒ MÉ<Ç cè*
4. ºÉÆ.+É. 2017-18 àÉå ` 22,17,750 BÉE®Éä½ BÉEÉ BÉÖEãÉ ´ªÉªÉ ¤É.+É.
2017-18 ºÉä ` 71,015 BÉE®Éä½ +ÉÉÊvÉBÉE cè* BÉÖEãÉ ´ªÉªÉ àÉå ´ÉßÉÊr àÉÖJªÉ
°ô{É ºÉä ®ÉVªÉÉå BÉEÉä VÉÉÒAºÉ]ÉÒ |ÉÉÊiÉ{ÉÚÉÊiÉÇ BÉäE ÉÊãÉA ÉÊBÉEA MÉA JÉSÉÇ, BÉÖEU
àÉci´É{ÉÚhÉÇ ºBÉEÉÒàÉÉå {É® ¤É¸ä cÖA {ÉÉÊ®´ªÉªÉÉå iÉlÉÉ 7´Éå ´ÉäiÉxÉ +ÉɪÉÉäMÉ BÉEÉÒ
ÉʺÉ{ÉEÉÉÊ®¶ÉÉå BÉEÉä ÉÊ#ÉEªÉÉÉÎx´ÉiÉ BÉE®iÉä cÖA £ÉiiÉÉå iÉlÉÉ {Éå¶ÉxÉ ®ÉÉ榃 BÉäE
Budget at a Glance presents broad aggregates of
the Budget in a reader-friendly document. This
document shows receipts and expenditure as well as
the Fiscal Deficit (FD), Revenue Deficit (RD), Effective
Revenue Deficit (ERD), and the Primary Deficit (PD).
of the Government of India. Besides, it presents a
pictorial account of sources of receipts, their application,
the details of debt and deficit indicators, sources of
deficit financing and trends and composition of important
budgetary variables through charts and graphs.
2. Fiscal Deficit is the difference between the
Revenue Receipts plus Non-debt Capital Receipts
(NDCR) and the total expenditure. FD is reflective of
the total borrowing requirements of Government.
Revenue Deficit refers to the excess of revenue
expenditure over revenue receipts. Effective Revenue
Deficit is the difference between Revenue Deficit and
Grants for Creation of Capital Assets. Primary Deficit
is measured as Fiscal Deficit less interest payments.
3. Budget 2018-19 reflects the Government’s firm
commitment to substantially boost investment in
Agricult ure, Social Sector, Digital Payments,
Infrastructure and Employment Generation on the one
hand and simultaneously stick to the path of fiscal
rectitude by aiming for a reduction of FD by 0.2% of
GDP over RE 2017-18. This is substantiated by
increase in expenditure of ` 2,24,463 crores over RE
(2017-18) while simultaneously keeping the fiscal deficit
at 3.3% of GDP.
4. In RE 2017-18, the total expenditure has been kept
at ` 22,17,750 crore and is more than BE 2017-18 by
` 71,015 crore. The increase in total expenditure is
mainly due to the outgo on account of GST
Compensation to States, increased outlays on some
£ÉÖMÉiÉÉxÉ BÉäE ÉÊãÉA vÉxÉ®ÉÉ榃 BÉEÉÒ +ÉÉÊiÉÉÊ®BÉDiÉ +ÉɴɶªÉBÉEiÉÉ+ÉÉå BÉEÉä {ÉÚ®É
BÉE®xÉä BÉäE BÉEÉ®hÉ cè*
5. ´ÉKÉÇ 2015-16 ºÉä, 14´Éå ÉÊ´ÉkÉ +ÉɪÉÉäMÉ BÉEÉÒ ÉʺÉ{ÉEÉÉÊ®¶ÉÉå BÉEÉä
ãÉÉMÉÚ ÉÊBÉEA VÉÉxÉä ºÉä BÉE®Éå àÉå ®ÉVªÉÉå BÉäE ÉÊcººÉä BÉäE +ÉÆiÉ®hÉ àÉå £ÉÉ®ÉÒ
=UÉãÉ näJÉÉÒ MÉ<Ç* <ºÉ |É´ÉßÉÊkÉ BÉEÉä VÉÉ®ÉÒ ®JÉiÉä cÖA, ®ÉVªÉÉå BÉEÉä VÉÉxÉä
´ÉÉãÉä BÉÖEãÉ ºÉƺÉÉvÉxÉ, ÉÊVÉxÉàÉå BÉE®Éå àÉå ®ÉVªÉ BÉäE ÉÊcººÉä BÉEÉ +ÉÆiÉ®hÉ,
+ÉxÉÖnÉxÉ/jÉ@hÉ +ÉÉè® BÉäÆEpÉÒªÉ |ÉɪÉÉäÉÊVÉiÉ ªÉÉäVÉxÉÉ+ÉÉå BÉäE iÉciÉ VÉÉ®ÉÒ
ÉÊxÉÉÊvɪÉÉÆ ¶ÉÉÉÊàÉãÉ cé, ´Éä ¤É.+É. (2018-19) àÉå `12,69,435 BÉE®Éä½
cè, ÉÊVɺÉàÉå ºÉÆ.+É. (2017-18) BÉEÉÒ iÉÖãÉxÉÉ àÉå ` 1,53,558 BÉE®Éä½
BÉEÉ =UÉãÉ cè +ÉÉè® VÉÉä ´ÉɺiÉÉÊ´ÉBÉE (2016-17) ºÉä ` 2,83,760
BÉE®Éä½ +ÉÉÊvÉBÉE cè*
(ii)
important schemes and also to meet the
recommendation of 7th CPC with respect to allowances
and pensions.
5. The devolution of States’ share in taxes witnessed
a major jump after the implementation of XIV Finance
Commission from 2015-2016 onwards. Continuing with
this trend, the total resources going to States including
the devolution of State’s share in taxes, Grants/Loans,
and releases under Centrally Sponsored Schemes in
BE (2018-19) is `12,69,435 crore, with a jump of
`1,53,558 crore over RE (2017-18) and ` 2,83,760
crore more than the Actuals (2016-17).
 1

¤ÉVÉ] BÉEÉ ºÉÉ® Budget at a Glance

(` BÉE®Éä½) (In ` crore)
2016-2017 2017-2018 2017-2018 2018-2019
´ÉɺiÉÉÊ´ÉBÉE ¤ÉVÉ] ºÉƶÉÉäÉÊvÉiÉ ¤ÉVÉ]
+ÉxÉÖàÉÉxÉ +ÉxÉÖàÉÉxÉ +ÉxÉÖàÉÉxÉ
Actuals Budget Revised Budget
Estimates Estimates Estimates
1. ®ÉVɺ´É |ÉÉÉÎ{iɪÉÉÆ 1. Revenue Receipts 1374203 1515771 1505428 1725738
2. BÉE® ®ÉVɺ´É 2. Tax Revenue 1101372 1227014 1269454 1480649
(BÉEäxp BÉEÉä ÉÊxÉ´ÉãÉ) (Net to Centre)
3. BÉE®-ÉÊ£ÉxxÉ ®ÉVɺ´É 3. Non-Tax Revenue 272831 288757 235974 245089

4. {ÉÚÆVÉÉÒ |ÉÉÉÎ{iɪÉÉÆ1 4. Capital Receipts1 600991 630964 712322 716475

5. jÉ@hÉÉå BÉEÉÒ ´ÉºÉÚãÉÉÒ 5. Recovery of Loans 17630 11933 17473 12199
6. +ÉxªÉ |ÉÉÉÎ{iɪÉÉÆ 6. Other Receipts 47743 72500 100000 80000
7. =vÉÉ® +ÉÉè® +ÉxªÉ 7. Borrowings and Other
näªÉiÉÉAÆ 2 Liabilitites2 535618 546531 594849 624276

8. BÉÖEãÉ |ÉÉÉÎ{ iɪÉÉÆ (1¨4) 8. Total Receipts (1+4) 1975194 2146735 2217750 2442213

9. BÉÖEãÉ BªÉªÉ (10¨13) 9. Total Expenditure (10+13) 1975194 2146735 2217750 2442213
10. ®ÉVɺ´É JÉÉiÉä {É® 10. On Revenue Account
ÉÊVɺÉàÉå ºÉä of which 1690584 1836934 1944305 2141772
11. ¤ªÉÉVÉ £ÉÖMÉiÉÉxÉ 11. Interest Payments 480714 523078 530843 575795
12. {ÉÚVÆ ÉÉÒ {ÉÉÊ®ºÉÆ{ÉÉÊ®iªÉÉå 12. Grants in Aid for creation
BÉäE ºÉßVÉxÉ cäiÉÖ ºÉcɪÉiÉÉ of capital assets 165733 195350 189245 195345
+ÉxÉÖnÉxÉ
13. {ÉÚVÆ ÉÉÒ JÉÉiÉä {É® 13. On Capital Account 284610 309801 273445 300441

14. ®ÉVɺ´É PÉÉ]É (10-1) 14. Revenue Deficit (10-1)316381 321163 438877 416034
(2.1) (1.9) (2.6) (2.2)
15. |É£ÉÉ´ÉÉÒ ®ÉVɺ´É PÉÉ]É (14-12) 15. Effective Revenue Deficit (14-12) 150648 125813 249632 220689
(1.0) (0.7) (1.5) (1.2)
16. ®ÉVÉBÉEÉäKÉÉÒªÉ PÉÉ]É [9-(1¨5¨6)] 16. Fiscal Deficit [9-(1+5+6)] 535618 546531 594849 624276
(3.5) (3.2) (3.5) (3.3)
17. |ÉÉlÉÉÊàÉBÉE PÉÉ]É (16-11) 17. Primary Deficit (16-11) 54904 23453 64006 48481
(0.4) (0.1) (0.4) (0.3)

1
¤ÉÉVÉÉ® ÉκlÉÉÊ®BÉE®hÉ ªÉÉäVÉxÉÉ BÉäE +ÉÆiÉMÉÇiÉ |ÉÉÉÎ{iɪÉÉå BÉEÉä UÉä½BÉE®*
2
<ºÉàÉå xÉBÉEnÉÒ ¶ÉäKÉ àÉå +ÉÉc®hÉ uÉ®É BÉEàÉÉÒ ¶ÉÉÉÊàÉãÉ cè*
ÉÊ]{{ÉhÉÉÒ :
(?) 2017-2018 BÉäE ºÉƶÉÉäÉÊvÉiÉ +ÉxÉÖàÉÉxÉ àÉå ` 16784679 BÉE®Éä½ BÉäE +ÉxÉÖàÉÉÉÊxÉiÉ ºÉPÉ= BÉEÉÒ iÉÖãÉxÉÉ àÉå 11.5 BÉEÉÒ ´ÉßÉÊr n® àÉÉxÉiÉä cÖA 2018-2019 BÉäE ¤ÉVÉ]
+ÉxÉÖàÉÉxÉ àÉå ºÉPÉ= ¤É¸BÉE® ` 18722302 BÉE®Éä½ cÉäxÉä BÉEÉ {ÉÚ´ÉÉÇxÉÖàÉÉxÉ cè*
(??) <ºÉ nºiÉÉ´ÉäVÉ àÉå {ÉßlÉBÉE-{ÉßlÉBÉE àÉnå {ÉÚhÉÉÈB ÉExÉ BÉäE BÉEÉ®hÉ ºÉƣɴÉiÉ: VÉÉä½ ºÉä àÉäãÉ xÉ JÉÉAÆ*
(???) BÉEÉäK~BÉE àÉå ÉÊnA MÉA +ÉÉÆBÉE½ä ºÉPÉ= BÉäE |ÉÉÊiɶÉiÉ BÉäE °ô{É àÉå cé*
1
Excluding receipts under Market Stabilisation Scheme
2
Includes drawdown of Cash Balance
Notes:
(i) GDP for BE 2018-2019 has been projected at ` 18722302 crore assuming 11.5% growth over the estimated GDP
of ` 16784679 crore for 2017-18 (RE).
(ii) Individual items in this document may not sum up to the totals due to rounding off
(iii) Figures in parenthesis are as a percentage of GDP
2

âó{ɪÉÉ BÉEcÉÆ ºÉä +ÉÉiÉÉ cè Rupee Comes From

(¤ÉVÉ] Budget 2018-2019)

(¤ÉVÉ] Budget 2017-18)

19 {Éè. p.
3 {Éè. p.

10 {Éè. p. 19 {Éè. p.

10 {Éè. p.

14 {Éè. p. 16 {Éè. p.
9 {Éè. p.

=vÉÉ® +ÉÉè® +ÉxªÉ näªÉiÉÉAÆ

Borrowings & Other Liabilities
19 {Éè. p.
jÉ@hÉ -ÉÊ£ÉxxÉ {ÉÚÆVÉÉÒ |ÉÉÉÎ{iɪÉÉÆ
Non-Debt Capital Receipts
3 {Éè. p.
BÉE®-ÉÊ£ÉxxÉ ®ÉVɺ´É
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8 {Éè. p. Corporation-Tax
19 {Éè. p.

àÉÉãÉ A´ÉÆ ºÉä´ÉÉ BÉE®

+ÉÉè® +ÉxªÉ BÉE®
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Other Taxes
23 {Éè. p.

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Income-Tax
16 {Éè. p

BÉäExpÉÒªÉ =i{ÉÉn-¶ÉÖãBÉE ºÉÉÒàÉÉ-¶ÉÖãBÉE

Union Excise Duties Customs
8 {Éè. p. 4 {Éè. p.

ÉÊ]{{ÉÉÊhɪÉÉÆ:-1. BÉÖEãÉ |ÉÉÉÎ{iɪÉÉå àÉå BÉE®Éå +ÉÉè® ¶ÉÖãBÉEÉå àÉå ®ÉVªÉÉå BÉEÉ ÉÊcººÉÉ ¶ÉÉÉÊàÉãÉ cè, ÉÊVÉxcå {ÉßK~ 1 {É® ºÉÉ®hÉÉÒ àÉå PÉ]É
ÉÊnªÉÉ MɪÉÉ cè*
2. ¤ÉVÉ] +ÉxÉÖàÉÉxÉ 2017-18 àÉå ºÉä´ÉÉ BÉE® +ÉÉè® +ÉxªÉ BÉE® BÉEÉä n¶ÉÉÇiÉÉ cè*
Notes:-1. Total receipts are inclusive of States' share of taxes and duties which have been
netted in the table on page1.
2. represents Service tax and other taxes in BE 2017-18.
 3

âó{ɪÉÉ BÉEcÉÆ VÉÉiÉÉ cè Rupee Goes To

(¤ÉVÉ] Budget 2018-2019)
(¤ÉVÉ] Budget 2017-18)

8 {Éè. p. 10 {Éè. p.
11 {Éè. p.
5 {Éè. p.

24 {Éè. p. 18 {Éè. p.

9 {Éè. p.
5 {Éè. p. 10 {Éè. p.

BÉäExpÉÒªÉ |ÉɪÉÉäÉÊVÉiÉ ªÉÉäVÉxÉÉAÆ

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+ÉxªÉ BªÉªÉ 9 {Éè. p.
Other Expenditure
BÉEäxpÉÒªÉ FÉäjÉ BÉEÉÒ
8 {Éè. p. ªÉÉäVÉxÉÉ+ÉɪÉÉäVÉxÉÉ
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Pensions
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BÉE®Éå +ÉÉè® ¶ÉÖãBÉEÉå àÉå
®ÉVªÉÉå BÉEÉ ÉÊcººÉÉ
States' share of
taxes & duties
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®FÉÉ
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9 {Éè. p.
ÉÊ´ÉkÉ +ÉɪÉÉäMÉ +ÉÉè® +ÉxªÉ
+ÉÆiÉ®hÉ +ÉÉÉÌlÉBÉE ºÉcɪÉiÉÉ
Finance Commission Subsidies
& Other Transfers 9 {Éè. p.
8 {Éè. p.

ÉÊ]{{ÉhÉÉÒ :-BÉÖEãÉ BªÉªÉ àÉå BÉE®Éå +ÉÉè® ¶ÉÖãBÉEÉå àÉå ®ÉVªÉÉå BÉEÉ ÉÊcººÉÉ ¶ÉÉÉÊàÉãÉ cè, ÉÊVÉxcå {ÉßK~ 1 {É® ºÉÉ®hÉÉÒ àÉå |ÉÉÉÎ{iɪÉÉå àÉå ºÉä PÉ]É ÉÊnªÉÉ
MɪÉÉ cè*

Note:- Total expenditure is inclusive of the States' share of taxes and duties which have been
netted against receipts in the table on page 1.
 Budget 2018-2019 Gist
CONTENTS

Introduction

 India’s current position

 Important focus areas of Budget 2018

Strengthening Agriculture and Rural Economy

 Cluster based development of agri-commodities and regions

 Emphasis on Organic Farming
 Increased MSP to Farmers
 Operation Greens
 Fisheries and Animal Husbandry
 Bamboo Mission
 Food Processing
 Agricultural credit and tax deduction
 Expanding eNAM coverage
 All-weather road in rural areas
 Small and Cottage industries
 Rural Irrigation
 Livelihood opportunities for Rural India
 Rural Electrification
 Rural Housing
 Rural Sanitation

Education Sector

 Improvement in quality of teachers

 Role of Technology in Education
 Quality Education to Tribal children
 Investments in Research and related Infrastructure
 Institutes of Eminence and Schools of Planning and Architecture (SPAs)
 Prime Minister’s Research Fellows (PMRF) Scheme
 Atal Tinkering Labs (ATLs) and Atal Innovation Mission (AIM)

www.iasbaba.com Page 1
Health Sector

 ‘‘Ayushman Bharat’’ programme

 Health and Wellness Centres
 Rashtriya Swasthya Bima Yojana (RSBY)
 National Health Protection Scheme (NHPS)
 Nutritional support to TB patients
 Medical education and health care
 Sanitation
 Pradhan Mantri National Dialysis Programme
 Do you know?

Social security and Protection Programmes

 National Social Assistance Programme (NSAP)

 Pradhan Mantri Jan Dhan Yojana (PMJDY)

Ease of Living for common man

 Free LPG connections to women increased

 Skill development and employment opportunities
 Allocation to SCs/STs
 Social security
 Construction of more toilets
 To achieve inclusive society
 A step forward towards a Digital Society
 Providing quality life to Senior Citizens

Environment

 Air pollution
 Namami Gange programme

Medium, Small and Micro Enterprises (MSMEs) and Employment

 Energizing Small Businesses for New India

 Tax deductions
 Defence Production Policy 2018 to promote MSMEs
 Skill development and employment opportunities

www.iasbaba.com Page 2
Infrastructure

 Urbanization
 Tourism
 Railways
 Road transport
 Air transport
 Defence Sector
 Others

www.iasbaba.com Page 3
 Gist of Budget 2018-2019
INTRODUCTION

India’s current position:

 India achieved an average growth of 7.5% in last 3 years. IMF,

in its latest Update, has forecast that India will grow at 7.4%
next year.
 India’s USD 2.5 trillion-dollar economy is the seventh largest in
the world and is expected to become the fifth largest economy
soon.
 On Purchasing Power Parity basis, India is already the third
largest economy.
 At the international level, the country is ranked 100 in World Bank’s ‘Ease of Doing
Business’ breaking into top 100 for the first time.

Important focus areas of Budget 2018:

Government has taken up programmes to direct the benefits of structural changes and growth
to reach farmers, poor and other vulnerable sections of our society and to uplift the under-
developed regions.

This year’s Budget will consolidate these gains and particularly focus
on

1. strengthening agriculture and rural economy,

2. provision of good health care to economically less
privileged,
3. taking care of senior citizens,
4. infrastructure creation and
5. working with the States to provide more resources for improving the quality of
education in the country.

www.iasbaba.com Page 4
 STRENGTHENING AGRICULTURE AND RURAL ECONOMY

1. Development of cluster-based development of agri-commodities and regions

 As India is primarily an agriculture based country, government aims to develop cluster

based model in a scientific manner for identified agriculture produces in our districts in
the same manner as we have developed model for industrial sector.
 Cultivation of horticulture crops in clusters bring advantages of scales of operations and
can spur establishment of entire chain from production to marketing, besides giving
recognition to the districts for specific crops.
 Therefore, Ministry of Agriculture & Farmers’ Welfare will reorient its ongoing Schemes
and promote cluster based development of agri-commodities and regions in
partnership with the Ministries of Food Processing, Commerce and other allied
Ministries.

2. More emphasis on Organic Farming

 Organic farming by Farmer Producer Organizations (FPOs) and Village Producers’

Organizations (VPOs) in large clusters, preferably of 1000 hectares each, will be
encouraged.
 Women self Help Groups (SHGs) to be encouraged to take up organic agriculture in
clusters under National Rural Livelihood Programme.

3. Increased MSP to Farmers

 Government has decided to offer a minimum support price

(MSP) of at least 1.5 times the expenses borne by farmers for
all crops.
 Important step towards doubling the income of our Farmers
by 2022 when India celebrates its 75th year of independence.
 Niti Ayog, in consultation with Central and State
Governments, will put in place a fool-proof mechanism so
that farmers will get adequate price for their produce.

4. Operation Greens

 Budget has allocated Rs 500 crore for “Operation Green” – to promote Farmer
Producers’ Organization (FPOs), agri logistics and processing.
 Aim is to increase shelf-life of perishable commodities.

5. Fisheries and Animal Husbandry

www.iasbaba.com Page 5
  Rs 10,000 crore for Fisheries and Aquaculture Infra Development Fund (FAIDF) and
Animal Husbandry Infra Fund (AIHF).
 Extend the facility of Kisan Credit Cards to fisheries and animal husbandry farmers to
help them meet their working capital needs.
 Last year, government had set up Micro Irrigation Fund (MIF) for facilitating expansion
of coverage under micro irrigation and Dairy Processing Infrastructure Development
Fund (DPIDF) to help finance investment in dairying infrastructure.

6. Bamboo Mission

 Allocated Rs 1,200 crore to launch a restructured Bamboo Mission.

 Bamboo is ‘Green Gold’. Recently, government removed bamboo grown outside forest
areas from the definition of trees.

7. Food Processing gets boost

 Allocation of Ministry of Food Processing is being doubled from Rs 715 crore in RE 2017-
18 to Rs 1400 crore in BE 2018-19.
 Prime Minister Krishi Sampada Yojana is the flagship programme for boosting
investment in food processing.
 To set up state-of-the-art testing facilities in all the 42 Mega Food Parks (to increase
agri-exports potential)

8. Agricultural credit and tax deduction

 Agricultural credit target to be raised to Rs 11 lakh crore.

 100% tax deduction to farmer producer companies with annual
turnover of Rs 100 crore for the period of 5 years.
 Loans to Self Help Groups of women will increase to Rs 75,000
crore by March, 2019 from Rs 42,500 crore in 2016-17.

9. Expanding eNAM coverage for Farmers’ Welfare

 Agri-Market Infrastructure Fund – Budget has allocated corpus fund of Rs 2000 crore
for agricultural market infrastructure.
 The fund will be used to connect 585 APMCs to eNAM by March 2018.
 The fund will also be used to develop and upgrade 22,000 rural haats into Gramin
Agricultural Markets (GrAMs)
 GrAMs will be electronically linked to e-NAM and exempted from regulations of APMCs.
 Farmers will be able to sell directly to consumers and bulk purchasers.
 GrAMs will be strengthened by MGNREGA and other government schemes.

www.iasbaba.com Page 6
10. All-weather road in rural areas

 Task of connecting all eligible habitations with an all-weather road by March 2019
(earlier it was March 2022 but now target date brought forward to March 2019)
 These roads are expected to link routes which connect habitations to agricultural and
rural markets (GrAMs), higher secondary schools and hospitals.
 Prime Minister Gram Sadak Yojana Phase III will include such linkages.

11. Small and Cottage industries

 Allocated Rs 200 crores to support small and cottage industries manufacturing

perfumes, essential oils and other associated products (because our ecology supports
cultivation of highly specialized medicinal and aromatic plants)

12. Rural Irrigation

 Both Central and State governments to help farmers install solar water pumps to irrigate
their fields.
 Government of India will take necessary measures and encourage State Governments to
put in place a mechanism that their surplus solar power is purchased by the distribution
companies or licensees at reasonably remunerative rates.
 Long Term Irrigation Fund (LTIF) is set up in NABARD for
meeting funding requirement of irrigation works.
 Last year, government had set up Micro Irrigation Fund (MIF) for
facilitating expansion of coverage under micro irrigation.
 Rs 2600 crore allocated for Prime Minister Krishi Sinchai Yojna-
Har Khet ko Pani (Ground water irrigation scheme)

13. Livelihood opportunities for Rural India

 Rs 14.34 Lakh Crore to be spent for creation of livelihood and infrastructure in rural
areas.
 This covers construction of
o 3.17 lakh kilometers of rural roads
o 51 lakh new rural houses
o 1.88 crore toilets
 This is expected to create employment of 321 crore person days.
 Loans to SHGs will increase to Rs 75,000 by March 2019 from Rs 42,500 crore in 2016-
17.
 Allocation of National Rural Livelihood Mission increased to Rs 5750 crore.

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14. Rural Electrification

 Prime Minister Narendra Modi had launched the Rs 16,320-crore

Pradhan Mantri Sahaj Bijli Har Ghar Yojana, or Saubhagya Yojana
last year (2017) to provide electricity connections to over 40
million families (or 4 crore household) in rural and urban areas by
December 2018.
 Despite the government’s aggressive village electrification
programme, the Deen Dayal Upadhyay Gram Jyoti Yojana
launched in July 2015, under which 78% of 18,000 villages have been electrified, it was
realised that the problem of electricity ‘access’ wasn’t resolved.
 A village is declared to be electrified if 10% of the households are given electricity along
with public places such as schools, panchayat office, health centres, dispensaries and
community centres.
 With a large number of household still remaining without access to electricity, the new
scheme Saubhagya Yojana aims at ensuring the coverage of households as opposed to
only villages of Deen Dayal Upadhyay Gram Jyoti Yojana.
 Free connections will be provided to below poverty line (BPL) households. The
beneficiaries for free electricity connections will be identified using Socio Economic and
Caste Census (SECC) 2011 data.

15. Rural Housing

Prime Minister Awas Yojana

 Govt. has fixed a target that every poor of this country may
have his own house by 2022.
 For this purpose Prime Minister Awas Yojana has been
launched in rural and urban areas of the country.
 Under Prime Minister Awas Scheme (Rural), 51 lakhs houses in
year 2017-18 and 51 lakh houses during 2018-19 which is
more than one crore houses will be constructed exclusively in
rural areas. In urban areas the assistance has been sanctioned
to construct 37 lakh houses.

Affordable Housing Fund (AHF)

 Government to establish a dedicated Affordable Housing Fund (AHF) in National

Housing Bank, funded from priority sector lending shortfall and fully serviced bonds
authorized by the Government of India.

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16. Rural Sanitation

 To make our villages open defecation free and to improve the life of our villagers,
government will launch a Scheme called Galvanizing Organic Bio-Agro Resources Dhan
(GOBAR-DHAN) for management and conversion of cattle dung and solid waste in farms
to compost, fertilizer, bio-gas and bio-CNG.

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 EDUCATION SECTOR

Government aims to assist and provide opportunity to every Indian to realize his/her full
potential capable of achieving his/her economic and social dreams.

Government is devising a district-wise strategy for improving quality of education. Government

wants to treat education holistically without segmentation from pre-nursery to Class 12.

1. Improvement in quality of teachers

 Integrated B.Ed. programme to be initiated for teachers, to

improve quality of teachers.
 More than 13 lakh untrained teachers to get trained (under
amended RTE Act).
 Technology will be used to upgrade the skills of teachers
through the recently launched digital portal ‘‘DIKSHA’’.

2. Role of Technology in Education

 Technology will be the biggest driver in improving the quality of education.

 Government has proposed to increase the digital intensity in education and move
gradually from ‘‘black board’’ to ‘‘digital board’’.
 Technology will be used to upgrade the skills of teachers through the recently launched
digital portal ‘‘DIKSHA’’.

3. Quality Education to Tribal children

 The Government is committed to provide the best quality

education to the tribal children in their own environment.
 By 2022, every block with more than 50% ST population and
at least 20,000 tribal people to have ‘Ekalavya’ school.
 Ekalavya schools will be on par with Navodaya Vidyalayas and
will have special facilities for preserving local art and culture
besides providing training in sports and skill development.

4. Investments in Research and related Infrastructure

 RISE (Revitalizing Infrastructure in School Education) - Scheme for revitalizing school

infrastructure, with an allocation of 1 lakh crore over four years.
 Higher Education Financing Agency (HEFA) to be suitably structured for funding this
initiative.

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5. Setting up of Institutes of Eminence and Schools of Planning and Architecture (SPAs)

 Government has taken major initiative of setting up Institutes of Eminence.

 There has been tremendous response to this initiative by institutions both in public and
private sectors.
 Government proposes to set up two new full-fledged Schools of Planning and
Architecture (SPAs).
 Additionally, 18 new SPAs would be established in the IITs and NITs as autonomous
Schools.

6. Prime Minister’s Research Fellows (PMRF) Scheme

 1000 Students pursuing BTech per year will be provided facilities to do PhD in IITs and
IISC Bangalore with handsome fellowships.
 It is expected that these bright young fellows would voluntarily commit few hours every
week for teaching in higher educational institutions.

7. Atal Tinkering Labs (ATLs) and Atal Innovation Mission (AIM)

 Encouraging budding young innovators with Atal Tinkering

Labs (ATLs) – ATLs are innovation play work spaces for
students between class VI to XII.
 Atal Innovation Mission (AIM): 2441 schools selected by
AIM to establish ATLs and 700 + teachers trained.

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 HEALTH SECTOR

Sarve bhavantu sukhinah, sarve santu niramayah ॐ – is the

guiding principle of the government.

Only Swasth Bharat can be a Samriddha Bharat. India cannot realize its demographic dividend
without its citizens being healthy.

1. ‘‘Ayushman Bharat’’ programme

 Government has announced two major initiatives (Health and Wellness Centres and
National Health Protection Scheme) as part of ‘‘Ayushman Bharat’’ programme aimed
at making path breaking interventions to address health holistically, in primary,
secondary and tertiary care system covering both prevention and health promotion.
 These two far-reaching initiatives under the Ayushman Bharat will build a New India
2022 and ensure enhanced productivity, well being and avert wage loss and
impoverishment.

2. Health and Wellness Centres

 The National Health Policy, 2017 has envisioned 1.5 lakh Health
and Wellness Centres as the foundation of India’s health
system.
 Rs 1200 crore allocated for the flagship programme in health
wellness centres.
 These centres will provide comprehensive health care,
including for non-communicable diseases and maternal and
child health services.
 These centres will also provide free essential drugs and diagnostic services.
 Contribution of private sector through CSR and philanthropic institutions in adopting
these centres.

3. Rashtriya Swasthya Bima Yojana (RSBY)

 Provide annual coverage of only Rs 30,000 to poor families. (Old scheme)

4. National Health Protection Scheme (NHPS)

 World’s largest healthcare scheme.

 Covers 10 crore poor and vulnerable families i.e. 50 crore beneficiaries.
 Rs 5 lakh per family per annum in secondary and tertiary care institutions.
 Adequate funds will be provided for smooth implementation of this programme.

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5. Nutritional support to TB patients

 Rs 600 crore allocated as nutritional support for all TB patients at the rate of Rs 500 per
month for the duration of their treatment.

6. Enhance accessibility of quality medical education and health care

 24 new government medical colleges to be set up by upgrading existing district

hospitals.
 At least one medical college every 3 parliamentary constituencies and at least 1
Government Medical College in each State of the country.

7. Sanitation

 To make our villages open defecation free and to improve the life of our villagers,
government will launch a Scheme called Galvanizing Organic Bio-Agro Resources Dhan
(GOBAR-DHAN) for management and conversion of cattle dung and solid waste in farms
to compost, fertilizer, bio-gas and bio-CNG.

8. Pradhan Mantri National Dialysis Programme

 Free dialysis services for poor started in 2016

 More than 22 lakh dialysis sessions held
 2.25 Iakh patients benefitted
 500 districts covered

Do you know?

 These Schemes will also generate lakhs of jobs, particularly for women.
 The Government is steadily but surely progressing towards the goal of Universal Health
Coverage.
 More than 800 medicines are being sold at lower price through more than 3 thousand
Jan Aushadhi Centres.

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 SOCIAL SECURITY AND PROTECTION PROGRAMME

Government is implementing a comprehensive social security and protection programme to

reach every household of old, widows, orphaned children, divyaang and deprived as per the
Socio-Economic Caste Census.

1. National Social Assistance Programme (NSAP)

 Allocation on National Social Assistance Programme (NSAP) this

year has been kept at Rs 9975 crore.

2. Pradhan Mantri Jan Dhan Yojana (PMJDY)

 Pradhan Mantri Jeevan Jyoti Beema Yojana (PMJJBY) - life insurance cover of Rs 2 lakh
on payment of a premium of only Rs 330/- per annum and Pradhan Mantri Suraksha
Bima Yojana - personal accident cover of Rs 2 lakh on payment of a premium of only Rs
12 per annum – has benefitted 5.22 crore families and 13 crore 25 lakh persons
respectively.
 Now, all 16 crore accounts under PM Jan Dhan Yojana will be included under micro
insurance and pension schemes.

Do you know?

Government’s estimated schematic budgetary expenditure on health, education and social

protection for 2018-19 is Rs 1.38 lakh crore against estimated expenditure of Rs 1.22 lakh crore
in BE 2017-18.

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 EASE OF LIVING FOR COMMON MAN

Government has taken Ease of Doing business further by stress on 'Ease of Leaving' for the
common men of this country, especially for those belonging to poor & middle class of the
society.

1. Free LPG connections to women increased

 Prime Minister’s Ujjwala Scheme to make poor women free from the smoke of wood.
 Initially, government target was to provide free LPG connections to about 5 crore poor
women. But now the target of providing free connection increased to 8 crore poor
women.

2. Skill development and employment opportunities

 National Apprenticeship Scheme with stipend support to give

training to 50 lakh youth by 2020.
 Introducing system of fixed term employment for apparel and
footwear sector.
 Setting up of model aspirational skill centres in every district of
the country under Pradhan Mantri Kaushal Kendra.
 Proposed outlay of Rs 7148 crore for the textile sector in 2018-
19 to boost employment.
 Government will contribute 12% of the wages as EPF in all sectors for the next 3 years.

3. Allocation to SCs/STs

 Allocation increased to Rs 56,619 crore for SCs and Rs 39,135 crore for STs.
 The fund will be used in programmes aimed at economic and social advancement of
hard working people of SCs and STs.

4. Social security

 All 16 crore accounts under PM Jan Dhan Yojana will be included under micro insurance
and pension schemes.
 EPF contributions from women employees brought down from 12% to 8% for first 3
years.
 Govt gives Rs 9,975 crore for social security schemes for the next fiscal year.
 Standard deduction of Rs 40,000 introduced in lieu of transport and medical
reimbursements.

5. Construction of more toilets

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  Govt plans to construct 2 crore more toilets under Swachh Bharat Mission.
 Under this mission, Government has already constructed more than 6 crore toilets.
 The positive effect of these toilets is being seen on the dignity of ladies, education of
girls and the overall health of family.

6. To achieve inclusive society

 Government has identified 115 aspirational districts taking

various indices of development in consideration.
 The Government aims at improving the quality of life in these
districts by investing in social services like health, education,
nutrition, skill upgradation, financial inclusion and
infrastructure like irrigation, rural electrification, potable
drinking water and access to toilets at an accelerated pace
and in a time bound manner.
 These 115 districts to become model of development.

7. A step forward towards a Digital Society

 Allocation to Digital India scheme doubled to 3,073 crore.

 WiFi and CCTVs to be provided in all railway stations and
trains.
 Allocation of Rs 10,000 crore to connect 5 lakh Wifi Hotspots
to 5 crore rural citizens.
 Custom duty on mobile phones increased from 15% to 20% to
boost domestic manufacturing.
 To establish a national program in the areas of Artificial Intelligence.

8. Providing quality life to Senior Citizens

1. No TDS on fixed deposits and post office deposits upto Rs

50,000.
2. Benefit of Rs 50,000 per annum exemption for medical
insurance.
3. Limit of deduction for medical expenditure raised to Rs 1 lakh
for critical issues.
4. Increase in the limit of investment to Rs 15 lakh under PM-
VVY (Pradhan Mantri Vaya Vandana Yojana).

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 ENVIRONMENT

Air pollution

 Special scheme will be introduced to support governments of Haryana, Punjab and Delhi
NCT to address air pollution and to subsidize machinery for management of crop
residue.

Namami Gange programme

 Cleaning the Ganga is work of national importance.

 A total of 187 projects have been sanctioned under the Namami
Gange programme for infrastructure development, river surface
cleaning, rural sanitation and other interventions at a cost of Rs
16,713 crore.
 47 projects have been completed and remaining projects are at
various stages of execution.
 All 4465 Ganga Grams – villages on the bank of river - have been
declared open defecation free.

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 MEDIUM, SMALL AND MICRO ENTERPRISES AND EMPLOYMENT

Medium, Small and Micro Enterprises (MSMEs) are a major engine of growth and employment
in the country.

1. Energizing Small Businesses for New India

 Rs 3794 crore to MSME Sector for giving credit support, capital

and interest subsidy and innovations.
 Target to lend Rs 3 lakh crores under MUDRA Yojana in 2018-19.
NBFCs - very powerful vehicle for delivering loans under
MUDRA.
 Allocated Rs 200 crores to support small and cottage industries
manufacturing perfumes, essential oils and other associated
products (because our ecology supports cultivation of highly
specialized medicinal and aromatic plants)

2. Tax deductions

 Corporate tax rate reduced to 25% for companies which reported

a turnover up to 250 crores in the FY 2016-17.
 Reduction will benefit macro, small and medium enterprises which
account for 99% of companies filing their tax returns.

3. Defence Production Policy 2018 to promote MSMEs

 An industry friendly Defence Production Policy 2018 proposed to promote domestic

production by public sector, private sector and MSMEs

4. Skill development and employment opportunities

 National Apprenticeship Scheme with stipend support to give training to 50 lakh youth
by 2020.
 Introducing system of fixed term employment for apparel and footwear sector.
 Setting up of model aspirational skill centres in every district of the country under
Pradhan Mantri Kaushal Kendra.
 Proposed outlay of Rs 7148 crore for the textile sector in 2018-19 to boost employment.
 Government will contribute 12% of the wages as EPF in all sectors for the next 3 years.

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 INFRASTRUCTURE

Our country needs massive investments estimated to be in excess of Rs 50 lakh crore in

infrastructure to increase growth of GDP – to connect and integrate the nation with a network
of roads, airports, railways, ports and inland waterways and to provide good quality services to
our people.

Do you know?

 Prime Minister personally reviews the targets and achievements in infrastructure

sectors on a regular basis, through online monitoring system called PRAGATI.
 Projects worth 9.46 lakh crore have been facilitated and fast tracked, using PRAGATI
alone.

1. URBANIZATION

 Smart Cities Mission and the AMRUT

 Cities under Smart Cities Mission have started implementing
various projects like Smart Command and Control Centre,
Smart Roads, Solar Rooftops, Intelligent Transport Systems,
Smart Parks.
 To preserve and revitalize soul of the heritage cities in India -
National Heritage City Development and Augmentation Yojana
(HRIDAY) has been taken up in a major way.
 AMRUT programme focuses on providing water supply to all households in 500 cities.
 India Infrastructure Finance Corporation Limited (IIFCL) to help finance major
infrastructure projects, including investments in educational and health infrastructure.

2. TOURISM

 Government proposes to develop ten prominent tourist sites into Iconic Tourism
destinations.
 Tourist amenities at 100 Adarsh monuments of the Archaeological Survey of India will
be upgraded to enhance visitor experience.

3. RAILWAYS

Strengthening Railway network and capacity

1. Capex for year 2018-19 pegged at Rs 1,48,528 crore.

2. 12,000 wagons, 5160 coaches and approx. 700 locomotives to be produced during 2018-
19.

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 3. To redevelop 600 major railway stations.
4. Escalators for all stations with more than 25000 footfalls.
5. WiFi and CCTVs to be provided in all railway stations and trains.

Railways development on track

1. Allocation of adequate funds under Rashtriya Rail Sanraksha Kosh *“Safety First” Policy+
– During the current fiscal year, over 3600kms of track targeted for renewal.
2. First set of modern train-sets with state-of-the-art amenities and features will be
commissioned during 2018-19.
3. Addition of 90 kms of double line tracks at a cost of over Rs 11,000 crore in Mumbai’s
transport system .
4. 150kms of additional suburban network planned at a cost of Rs 40,000 crore.
5. Work on Eastern and Western dedicated Freight Corridors is in full swing.
6. Foundation for the Mumbai-Ahmedabad bullet train project, India’s first high speed rail
project was laid on September 14, 2017.

4. ROAD INFRASTRUCTURE

 Ambitious Bharatmala Pariyojana has been approved for

providing seamless connectivity of interior and backward
areas and borders of the country.
 NHAI will consider organizing its road assets into Special
Purpose Vehicles and use innovative monetizing structures
like Toll, Operate and Transfer (TOT) and Infrastructure
Investment Funds (InvITs).

5. AIRWAYS

 Regional connectivity scheme of UDAN (Ude Desh ka Aam Nagrik) – to connect 56

unserved airports and 31 unserved helipads across the country.
 Airport Authority of India (AAI) has 124 airports. Government proposes to expand
airport capacity more than five times under a new initiative – NABH Nirman.

6. DEFENCE SECTOR

 To secure India’s defences, government plans to develop infrastructure and connectivity

in border areas. (Rohtang tunnel has been completed to provide all weather
connectivity to the Ladakh region.)
 Government proposes to take up Construction of Zozila Pass tunnel and tunnel under
construction of Sela Pass.

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7. OTHERS

 Rs 60 crores allocated to set up a Coalition on Disaster Resilient Infrastructure for

developing international good practices, appropriate standards and regulatory
mechanism for resilient infrastructure development.
 Development of monetizing vehicles like Infrastructure Investment Trust (InvIT) and Real
Investment Trust (ReITs) in India.

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