Allocation for SC, ST, minorities gets boost in budget

Image
IANS New Delhi
Last Updated : Feb 01 2017 | 8:49 PM IST

Finance Minister Arun Jaitley said on Wednesday that the government will give special importance to implementation of schemes for the welfare of Scheduled Castes, Scheduled Tribes and minorities.

Presenting the General Budget 2017-18, Jaitley said the allocation for welfare of Scheduled Castes has been raised from Rs 38,833 crore in 2016-17 to Rs 52,393 crore in 2017-18 -- an increase of about 35 per cent.

"The allocation for Scheduled Tribes has been increased to Rs 31,920 crore and for minority affairs to Rs 4,195 crore," he added.

Jaitley added that Aadhar-based smart cards will be introduced for senior citizens, which will contain their health details.

The scheme will kick off with a pilot in 15 districts during 2017-18, Jaitley said.

He added that the Life Insurance Corporation of India will also implement a scheme for senior citizens to provide assured pension, with a guaranteed return of 8 per cent per annum for 10 years.

--IANS

vv/nir/bg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 01 2017 | 8:40 PM IST

Next Story