Govt slashes expenditure on AMRUT, crop insurance schemes

Funds for Pradhan Mantri Mudra Yojana has been cut to Rs 1,040 crore from Rs 2,135 crore

Finance Minister Arun Jaitley
Finance Minister Arun Jaitley
Press Trust of India New Delhi
Last Updated : Feb 01 2017 | 6:58 PM IST
The government has slashed expenditure on various schemes, including Crop Insurance and Pradhan Mantri Mudra Yojana in the 2017-18 Budget.

As per the Budget document, funds for Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Smart Cities have been slashed to Rs 9,000 crore for the next financial year, from Rs 9,559 crore (RE) in the current financial year.

Similiarly, the funds for Pradhan Mantri Mudra Yojana has been cut to Rs 1,040 crore from Rs 2,135 crore.

While the expenditure for Crop Insurance Scheme is reduced to Rs 9,000 crore in 2017-18 Budget from Rs 13,240 crore (RE), the fund for Assistance to Promotion of Sports Excellence has been cut to Rs 312 from Rs 365.
*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 | 6:58 PM IST

Next Story