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The 2015 Union Budget presented by Finance Minister Arun Jaitley saw the introduction of new schemes across multiple sectors.

The list is topped by Micro Units Development Refinance Agency (MUDRA) Bank with an initial corpus of Rs. 20,000 crore and a credit guarantee corpus of Rs 3,000 crore. MUDRA bank will act as a re-finance agency providing lending priority to SC/ST businesses through the Pradhan Mantri Mudra Yojana (Prime Minister’s Micro Units Development Programme).

National Investment and Infrastructure Fund (NIIF) will be provided Rs 20,000 crore for boosting infrastructure investments.

Pradhan Mantri Krishi Sinchai Yojana (Prime Minister’s Irrigation Programme) has been allocated Rs. 1,800 crore. The programme will provide support to micro-irrigation and watershed development. This will also cover the ‘per drop more crop programme’ under the department of agriculture and co-operation.

Another important scheme for agriculture is the Paramparagat Krishi Vikas Yojana (Traditional Farming Improvement Programme) that has been allocated Rs 300 crore.

The newly formed Ministry for Skill development has been allocated Rs. 1,500 crore (see IndiaSpend article).

Several new schemes have been launched focusing on pensions and insurance.

Sr. No.Programme NameSectorAllocation
1Micro Units Development Refinance Agency (MUDRA) BankIndustry20000
2National Investment and Infrastructure Fund (NIIF)Infrastructure20000
3Pradhan Mantri Krishi Sinchai YojanaAgriculture1800
4Kaushal Vikas YojanaSkill Development1500
5Self-Employment and Talent UtilizationPlanning1000
6Paramparagat Krishi Vikas YojanaAgriculture300
7Van Bandhu Kalyan YojanaTribal Affairs200
8Atal Innovation Mission (AIM)Planning150
9Rashtriya Swasthya Bima YojanaHealth100
10Pravasi Kaushal Vikas YojanaOverseas Indians20

Source: Union Budget, 2015; Figures in Rs crore

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