Union Budget 2017: Government slashes expenditure on AMRUT, crop insurance schemes

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New Delhi | February 1, 2017 6:03 PM

The government has slashed expenditure on various schemes, including Crop Insurance and Pradhan Mantri Mudra Yojana in the 2017-18 Budget.

According to an official estimate, of 3 million tonne (MT) of seeds annually required for wheat sowing, roughly half are old seeds. The funds for Pradhan Mantri Mudra Yojana has been cut to Rs 1,040 crore from Rs 2,135 crore. (Express Photo)

The government has slashed expenditure on various schemes, including Crop Insurance and Pradhan Mantri Mudra Yojana in the 2017-18 Budget.

As per the Budget document, funds for Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Smart Cities have been slashed to Rs 9,000 crore for the next fiscal year, from Rs 9,559 crore (RE) in the current fiscal year.

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Similiarly, the funds for Pradhan Mantri Mudra Yojana has been cut to Rs 1,040 crore from Rs 2,135 crore.

While the expenditure for Crop Insurance Scheme is reduced to Rs 9,000 crore in 2017-18 Budget from Rs 13,240 crore (RE), the fund for Assistance to Promotion of Sports Excellence has been cut to Rs 312 from Rs 365.

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