Rs 14000 crore corpus for Rural Infrastructure Development Fund-XV

In the Interim Budget 2009-10, Rural Infrastructure Development Fund-XV (RIDF-XV) has been proposed with a corpus of Rs.14,000 crore and continuation of the separate window for rural roads with a corpus of Rs.4,000 crore. This is to ensure continuity in financing of rural infrastructure projects. This was stated by the Finance Minister Shri Pranab Mukherjee while presenting the Interim Budget for 2009-10 in Lok Sabha today.

Interest subvention of two per cent on pre and post shipment credit for certain employment oriented sectors like textiles (including Handlooms and Handicrafts), carpets, leather, gem and jewellery, marine products and SMEs has been extended till September 30, 2009 from March 31, 2009. This is expected to involve an additional financial outgo of Rs.500 crore during the financial year 2009-10.

Source : Equity Bulls

Keywords