Overview
Outstanding. Thebudget provides potential for achieving 8-10 per cent economic growth and emphasishas been laid on the farming community, rural health, education and infrastructure development.It is a pro-common man budget and will help the country to move towards a higher growthpath. The budget provisions are in line with commitments made in the National Common MinimiumProgramme.
Farmers and Aam Aadmi
Strong emphasis has been laid to help farmers. Short term credit upto Rs 3 lakh would be given to peasants at 7 per cent per annum. Effort has also been made in the budget to reduce the pressure on the middle class by not raising the tax structure.There will be relief for "aam aadmi" (common man), strong emphasis has particularly been laid on the farming community.This would particularly give relief to those farmers facing problems on account of debts and would be helpful to important sectors like textiles.