'A growth-oriented Budget'

Union Budget 2011 is a growth-oriented budget. The finance minister has given emphasis to the social sector, besides agriculture, housing, priority sector lending and interest subvention for agricultural loans. The Budget talks about proposed amendment to the Banking Regulation Act for giving banking licences to private sector, which will expand banking activities to the vast unbanked population in the country.

This was stated by Allahabad Bank CMD J P Dua.