Union Budget 2016-17: 5 key investments announced by FM Arun Jaitley

The central government on Monday announced allocation of Rs.9,000 crore for the Swachh Bharat Abhiyan (Clean India Campaign) in the country. "The concept of Swachh Bharat was very close to the heart of Father of the Nation Mahatma Gandhi. Keeping this in mind, the government has decided to allocate Rs.9,000 crore for the Swachh Bharat Abhiyan," said Finance Minister Arun Jaitley, presenting the general budget for 2016-17 in the Lok Sabha.

The Union Finance Minister Arun Jaitley today allocated Rs.38,500 crore for Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Presenting his third Union budget, Jaitley  announced that Rs Rs.38,500 crore will be disbursed under the MGNREGA in the next fiscal.

Government has allocated Rs 500 crore for scheduled caste, scheduled tribes and women entrepreneurs in the Budget under the Stand Up India scheme. It will also set up a national hub in the Ministry of Micro Small and Medium Enterprises (MSME) in partnership with industry associations to provide professional support to scheduled caste/scheduled tribes (SC/ST) entrepreneurs.

The Union Finance Minister, Arun Jaitely, today while presenting the Union budget 2016-17 announced that one crore youths would be trained under the government's skill development programme in the next three years.

Finance Minister Arun Jaitley on Monday announced the setting up of a higher education financing agency, with a fund of Rs 1,000 crore. Presenting the 2016-2017 Budget in the Lok Sabha, Jaitley also said that an enabling regulatory architecture will be provided to 10 public and 10 private institutions to emerge as world-class teaching institutions.