Union Budget 2018: All 13 Schemes Explained

-


Union Finance minister Shri Arun jaitley presented union budget 2018-19 on 1st Feb, 2018. The aim of this year’s budget is to improve the life of farmers and poor. Here we’ll cover all new schemes launched under this year’s budget. The aim of this article is to provide you the glimpses of all the 13 schemes in layman’s terms. 


OPERATION GREEN
·         Sole purpose is to double the income of farmers by the end of 2022.
·         Money allocated to the scheme is 500 Cr.
·         Target is to stop fluctuation in the prices of onion, tomatoes and potato.

AAYUSHMAN BHARAT SCHEME
·         It’s a National Health protection scheme.
·         Covering 10 Crore families or 50 Crore population, with 5 lakh insurance per family per year.
·         Estimated cost for this scheme is 12,000 crore, where cost implementation responsibility is share on a 60:40 basic, between center and state government.
·         The scheme would ensure 1 Medical college in 3 Parliamentary constituency and 1 Government medical college in each state.

KIFAYATI BHATAT SCHEME
·         The scheme aims to create a dedicated affordable housing fund in National Housing Bank.
·         Government is aiming to provide home facility to everyone by the end of 2022.
·         The project is to construct more than 1 Crore households in the rural areas.

GOBAR-DHAN SCHEME
·         Here GOBAR stands for Galvanizing Organic Bio-Agro Resource Fund.
·         The aim is to improve living standards of villagers by managing and converting cattle dung and solid waste in farm to compost.
·         This scheme works as a source of income to farmers.

REVITALISING INFRACTURE AND SCHEME IN EDUCATION
·         Also known as RISE, is a new concept launched for the education system.
·         The expected investment is 1 lakh crore for next four years.
·         The aim is to open new school for scheduled tribe population as well as promoting program for teachers.

PRIME MINISTER FELLOWSHIP SCHEME
·         The scheme favors B.Tech students, under which 1000 students will be given opportunity to do Ph.D in IIT and IISc.
·         To apply, you can visit their official website by clicking here . 
·         Digital intensity across the country in the field of education is also expected to go high under the scheme.

EXPANSION OF UJJWALA SCHEME
·         The aim is to provide free LPG connection to the poor families.
·         The aim is approved with an additional target to reach 8 crore people with an additional allocation of 4,800 Crore.

EXPANSION OF PM PM VAYA VANDANA SCHEME
·         The scheme worked to provide regular pension for senior citizens
·         Following are the changes: Investment extended to 2020 and investment limit is also extended to 15 Lakh from 7.5 Lakh per person.

EXPANSION OF UDAN SCHEME
·         The aim is to make air tickets cheaper so that common people can fly too.
·         10 major tourist destinations are planned, where airport will be constructed.

EKLAVYA SCHOOL
·         Another branch of Navodhya School is going to open for Scheduled caste students by 2022.
·         The school will be will be set up in each Block having more than 50 percent tribal areas and 20,000 tribal people.
·         Along with other facilities, there will also be a special facility to promote local art and culture.

NATIONAL BAMBOO MISSION
·         As the name suggest, the scheme is to promote the development of bamboo production as an industry.
·          An amount of Rs. 1,290 crore will be allocated under this scheme. 

SAUBHAGYA SCHEME
·         The ambition of this plan is to increase the number of power connection in rural areas to 40 million thousand.
·         The expected amount to be spent for this scheme is 16 Crore.

KISAN CREDIT CARD TO FISHERMEN
·         A same card with same facilities will now be given to fishermen and cattle owners.
·         This will make enable them to avail the easier loans. 
·         Apart from this, financial assistance will also be provided to fishermen.

Let's hope our Government execute them too.


Comments

Post a Comment

Popular posts from this blog

Welcome INS Karanj

-
Image
Recently India received its 3 rd Scorpion submarine, under the project PROJECT-75 named INS KARANJ. The historic induction of INS KARANJ was attended by Naval Chief Admiral Sunil Lamba and his wife did the inaugural. A total of 6 submarines are to be delivered under the project-75 and INS karanj is the 3 rd one. The first among the six was INS Kalvari which was scheduled to be commissioned before 2012, but due to some unknown reasons, it was commissioned late on December 2017. Next comes the INS Kandheri, which was commissioned in the Indian Navy on the staring week of January and now on 31 st of Jan, we have INS Karanj which is earlier scheduled to be commissioned in the Indian Navy in 2012. One interesting fact about all the six Submarines is that the first four of them will not have any “AIR PROPULSION SYSTEM” whereas the rest two will be equipped with an Air Propulsion System. Air Propulsion system basically enhances the capacity of a submarine to stay under water ...
Read more

World Economic Forum 2018, Davos

-
Image
In this we will discuss something interesting about the world economic forum. ·        -  History of WEF ·         - Theme of this year ·         - Modi Ji at DAVOS ·         - The inclusive development index 2018 ·         - Crystal Award ·         - Davos on World Map We ll be covering all the above mentioned topic and that too in an understandable  language. HISTORY The world economic forum was established as a nonprofit organization in GENEVA, Switzerland, in 1971. The organization was founded by KLAUS SCHWAB. Every year the forum is organized at DAVOS and hence it is also popular as DAVOS SUMMIT. One thing which is very interesting about WEF is that its base was set up at Geneva but the summit take place at Davos. The main objective behind this forum is to improve the...
Read more

What exactly SUPER BLUE BLOOD MOON is?

-
Image
Last few days were all about, what actually Blue moon is? Some call it  “The Blue Moon” while other says it to be “A Blood Moon” and there are few who says it to be “A Super Blue Blood Moon”. On social media people were busy updating their status, but only a few among them were focused to get a pinch of that. So let’s start and explore maximum about the topic and that too in a short and crisp way. ·         Super Blue Blood Moon Day Before we analyze, let’s split the word and learn their individual meaning. 1.      SUPER MOON - Super moon is the full moon, when it reaches closest to the Earth. It appears to be brighter and bigger. 2.      BLUE MOON - Blue moon simply means to be a second full moon in same calendar month. 3.      BLOOD MOON - A red tint of the Earth’s shadow cast on the moon during lunar eclipse, turning moon into coopery red col...
Read more