Highlights of Union Budget 2013-14 (Part-II)

February 28, 2013 | Business | Written by

New Delhi, Feb 28: Union Finance Minister P. Chidambaram on Thursday presented the Union Budget for fiscal 2013-14 in Parliament today.

The highlights are as follows:

Rs 1000 crore initial capital for a new women’s bank which will be another public sector bank.

Income level for Rajiv Gandhi Equity Scheme raised by Rs 2 lakh

First home loan up to Rs 25 lakh will get an additional Rs 1 lakh interest deduction

Rs 100 crore in machinery investment can avail an extra 15 per cent exemption over and above existing relaxations

Rs 25000 crore to be raised from four infrastructure bonds

Rs 5000 crore to NABARD to build cold storages and godowns

Inflation indexed bonds and NSCs to be introduced

Infrastructure Development Funds will be encouraged

Coal imports to rise to 185 million tonnes from 100 million in four years

New regulatory authority for road sector

Rs. 7 lakh crore target fixed for agriculture credit for 2013-14 compared to Rs. 5.75 lakh crore in the current year

Eastern Indian states to get Rs. 1,000 crore allocation for improving agricultural production

Rs 1650 crore for new AIIMS-like medical institutes

Technology upgrade scheme for textile sector to get Rs 2400 crore

Handloom sector to get an additional Rs 96 crore

Watershed management to get Rs 5387 crore

Original Green Revolution states to get Rs 500 crore for crop diversification

Re-financing capacity of SIDBI increased to Rs. 10,000 crore from Rs. 5,000 crore for Ministry of Small and Medium Enterprises

Five inland waterways have been declared as national waterways, one more announced in Assam(ANI)