BANKING AFFAIRS

Detailed explanation-1: -Pradhan Mantri Kisan Sampada Yojna (PMKSY)-Allocation has been increased from Rs. 715 crore in BE 2017-18 to Rs. 1400 crore in BE 2018-19. Government will promote establishment of specialized agro-processing financial institutions in food processing sector.

Detailed explanation-2: -This note analyses issues in the agriculture sector, expenditure trends and budget proposals of these Departments. The Ministry has been allocated Rs 57, 600 crore in 2018-19. [1] This is 14.6% more than the revised estimate in 2017-18 as shown in Figure 1.

Detailed explanation-3: -With a total budget of INR 10, 900 crore, the government has already invested INR 4, 900 crore in the sector through the PLI plan. The scheme will run for seven years, from 2020-21 to 2026-27.

Detailed explanation-4: -As indicated in Figure 1, the allocation to the Department of Health and Family Welfare has increased from Rs 11, 366 crore in 2006-07 to Rs 52, 800 crore in 2018-19.

Detailed explanation-5: -At the end of fiscal year 2018, the budgeted estimate of revenue expenditure on non-developmental expenses of India’s central and state governments amounted to more than 22 trillion Indian rupees and developmental expenses amounted to approximately 19 trillion rupees.