Budget 2012-13 will set dimensions of development in various sectors: Gehlot

Jaipur, Mar.17 (ANI): Rajsthan Chief Minister Ashok Gehlot has said that budget proposals for 2012-13 as presented by Finance Minister Pranab Mukherjee on Friday, would strengthen the national economy and set the dimensions of development in various sectors.

He said the budget proposals will prove to be an important document for the welfare of various sections of society, remarkable progress in education, health and infrastructure development besides establishing the fiscal balance.

Gehlot said the allocation of Rs.15, 888 crore for capitalization of public sector banks. regional rural banks and other financial institutions, including NABARD, is a praiseworthy step.

The extension of the "Swabhimaan" campaign would provide for the financial inclusion of more people.

He said investment in the 12th Five-Year Plan in infrastructure will go up to Rupees 50 lakh crore and would boost economic development.

The chief minister said the hike in the allocation for the Rashtriya Krishi Vikas Yojana (RKVY) from Rs. 7, 860 crore to Rs. 9, 217 crore and the increase in target for agriculture credit to Rs. 5 lakh 75, 000 crore would provide relief to farmers.

He said the hike in allocation for Rural Infrastructure Development Fund (RIDF) to Rs. 20, 000 crore, the increase of 21.7 percent for education, increase in allocation for NRHM from Rs. 18, 115 crore to Rs. 20, 822 crore would boost progress in these sectors.

Gehlot said raising allocation by 37 percent under National Social Assistance Programme (NSAP) and a hike in the allocation for National Rural Livelihood Mission from Rs. 2,914 crore to Rs. 3,915 crore would provide benefit to the weaker sections of the society. (ANI)