"The latest year for which the All India Urban and Rural per capita net value added (NVA) is available is 2011-12. The per capita NVA for 2011-12 at current basic prices (base year 2011-12) is Rs 1,01,313 for the urban areas and Rs 40,772 for the rural areas," Finance Minister Arun Jaitley said in a written reply.
Replying to supplementaries on bridging the gap between rural and urban incomes, Minister of State for Finance Jayant Sinha said a number of initiatives have been taken in this regard and government aims at doubling rural incomes by 2022.
To a suggestion for the need to bring a national blueprint for increasing rural incomes, Sinha said "we have presented a national blueprint and that is our budget with focus on rural sector. In this budget we have accorded a lot of importance to rural sector and increased funding to help increase agri incomes."
He said government is also providing 15 to 20 lakh to every panchayat in the current year and a "revolution" would be brought about in the rural sector to help provide a boost to agricultural productivity.
The Minister, however, said though there is a big gap in rural and urban incomes, the cost of living in urban areas is also very high as compared to rural areas.
He said government has taken a number of initiatives to help increase rural incomes and provide more purchasing power in the hands of rural people.
"An array of schemes to help increase pruchasing power. We are also trying to get people to diversify in agri production to help increase agri incomes. Besides, we are also skilling rural people," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
