Finance Minister sets aside Rs 87,765 crore for rural development

Finance Minister Arun Jaitley has set aside Rs 87,765 crore for rural development. Out of this, Rs 38,500 crore has been allocated for the Mahatma Gandhi National Rural Employment Guarantee Act this year which is the highest allocation given to the scheme. The minister added that the government is committed to achieve 100 percent village electrification by May 1, 2018. The finance minister also announced a massive mission to provide LPG cylinders to 1.5 crore households below the poverty line. Rs 2,000 crore has been allocated for this. Rs 55,000 crore has been set aside for developing roads and highways. The total investment in the roads sector is Rs 97,000 crore. The total outlay on roads and rail will be Rs 2.18 lakh crore.