Key govt schemes get ex­tra bud­getary sup­port

Hindustan Times (Delhi) - - NATION - Anisha Dutta let­[email protected]­dus­tan­times.com

NEW DELHI: The gov­ern­ment plans to boost t he Prad­han Mantri Awas Yo­jana (PMAYUr­ban), aimed at pro­vid­ing af­ford­able hous­ing to the ur­ban poor, and the Higher Ed­u­ca­tion Fi­nanc­ing Agency ( HEFA), which fi­nances the cre­ation of cap­i­tal as­sets in ed­u­ca­tional institutions, with ex­tra bud­getary sup­port (EBS) of ~25,000 crore and ~37,395 crore, re­spec­tively.

The fi­nance min­istry has ap­proved ex­tra bud­getary re­sources (EBR) for these key in­fra­struc­ture schemes, said joint sec­re­tary, bud­get, Arvind Sri­vas­tava.

The ex­tra bud­getary sup­port means cap­i­tal out­lay (in­clud­ing spend­ing on in­fra­struc­ture) in 2019-2020 will be 8.2% more than in 2017-18.

The ex­tra bud­getary re­sources for PMAY in fi­nan­cial year 2018-19 was ~25,000 crore, and for HEFA, ~28,000 crore.

“The process of ap­proval of EBR is in­sti­tu­tion­al­ized through con­sti­tu­tion of EBR screen­ing com­mit­tee that ap­proves rais­ing of EBR based on need, ex­pen­di­ture pat­tern and pre­vail­ing mar­ket con­di­tions,” Sri­vas­tava said.

PMAY (U) is aimed at pro­vid­ing hous­ing for all by 2022 and is be­ing im­ple­mented from June 2015. It pro­vides cen­tral as­sis­tance to ur­ban lo­cal bod­ies and other im­ple­ment­ing agen­cies through states and union terri- tories for on-site re­ha­bil­i­ta­tion of ex­ist­ing slum dwellers us­ing land as a re­source with pri­vate par­tic­i­pa­tion, credit-linked sub­sidy, af­ford­able hous­ing, and sub­sidy for ben­e­fi­ciary-led in­di­vid­ual house con­struc­tion. Un­der the PMAY(U), the to­tal in­vest­ment in­volved is ~3.56 lakh crore. HEFA is a joint ven­ture of the min­istry of hu­man re­source de­vel­op­ment (MHRD) and Ca­nara Bank for fi­nanc­ing cre­ation of cap­i­tal as­sets in pre­mier ed­u­ca­tional institutions in In­dia.

The ex­tra bud­getary num­bers will take over­all cap­i­tal out­lay ear­marked for fi­nan­cial year 2019-20 to ~6.46 lakh crore in­clud­ing ~4.63 lakh crore of EBS. “Gross bud­getary sup­port on cap­i­tal out­lay in­creased to ~1,82, 708 lakh crore show­ing a 16% in­crease over the fig­ure of ~1,57, 213 lakh crore of FY 2018-19,” Sri­vas­tava said.

The com­pa­ra­ble fig­ures for 2018-19 were ~5.97 lakh crore in­clu­sive of ~1.57 lakh crore of gross bud­getary sup­port and ~4.40 lakh crore of in­ter­nal and EBR, ac­cord­ing to the fi­nance min­istry (this also in­cluded IEBR for PMAY, HEFA and ~5,700 crore for Dig­i­tal In­dia).

“We have not yet ap­proved the IEBR for Dig­i­tal In­dia till now and hence it has not been in­cluded this year,” Sri­vas­tava said. This year’s num­ber, there­fore, marks an in­crease of 8.19%, and doesn’t in­clude IEBR for Dig­i­tal In­dia.

Lay­ing em­pha­sis on in­fra­struc­ture de­vel­op­ment, fi­nance min­is­ter Piyush Goyal, in the in­terim bud­get for 2019-20, an­nounced that the gov­ern­ment would build in­fra­struc­ture for mak­ing In­dia a $10 tril­lion econ­omy by 2030.

This will com­prise next gen­er­a­tion in­fra­struc­ture of roads, rail­ways, sea­ports, air­ports, ur­ban trans­port, gas and elec­tric trans­mis­sion and in­land wa­ter­ways, Goyal said in the bud­get speech.

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