- To give 3% interest subsidy to farmers in FY2012 from 2% in FY2011
- Rashtriya Kisan Vikas Yojana allocation increased from Rs6,755cr to Rs7,860cr. Allocation to green revolution in Eastern India increased by Rs400cr. Additional Rs300cr to promote pulses, oilseed and vegetable cultiation each respectively.
- Positive for agri input companies like United Phosphorus.
- Rs2.14 lakh crore allocation for Infra sector - increase of 23.3% over FY2011
- NABARD to receive additional Rs10,000cr for rural credit
- Cold storage now eligible for viability gap funding and receives infrastructure status
- Rs2.14lakh cr provided for infra development which accounts for 48.5% of the total plan expenditure, an increase of 23.3% over last year. Higher than expectation of Rs2.04lakh cr. Positive for infra sector
- Infra status given for cold storage chains. Positive for companies like Gateway Distriparks and Container Corp.
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Monday, February 28, 2011
Budget 2011 Highlights3
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