NEW DELHI, Feb 16 (PTI): Continuing its focus on infrastructure development, the government today sought to give the sector a Rs 99,534 crore boost under a host of schemes, a move that has been welcomed by industry.
Presenting the interim Budget for 2009-10 Finance Minister Pranab Mukherjee allocated Rs 40,900 crore for the Bhart Nirman project aimed at strengthening the country’s rural infrastructure, including water supply, power, housing and roads.
The minister also proposed an expenditure of Rs 11,842 crore for the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) apart from Rs 14,000 crore outlay for the Rural Infrastructure Development Fund (RIDF) with a separate window for rural roads to continue with a corpus of Rs 4,000 crore.
The interim budget also envisages a planned outlay of Rs 10,000 crore for the Pradhan Mantri Gram Sadak Yojna, Rs 8,800 crore spending on rural housing and a total of Rs 9,992 crore for highway projects in various states and union territories.
“During 2005-2009, the allocation to this (Bharat Nirman) programme has been increased by 261 per cent. For the year 2009-10, I propose an allocatiw Delhi, Feb 16 (PTI) Continuing its focus on infrastructure development, the government today sought to give the sector a Rs 99,534 crore boost under a host of schemes, a move that has been welcomed by industry.
Presenting the interim budget for 2009-10 Finance Minister Pranab Mukherjee allocated Rs 40,900 crore for the Bhart Nirman project aimed at strengthening the country’s rural infrastructure, including water supply, power, housing and roads.
The minister also proposed an expenditure of Rs 11,842 crore for the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) apart from Rs 14,000 crore outlay for the Rural Infrastructure Development Fund (RIDF) with a separate window for rural roads to continue with a corpus of Rs 4,000 crore.
The interim budget also envisages a planned outlay of Rs 10,000 crore for the Pradhan Mantri Gram Sadak Yojna, Rs 8,800 crore spending on rural housing and a total of Rs 9,992 crore for highway projects in various states and union territories.
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