Union Budget Social Sector Analysis by Fairwealth Securities Ltd

Social-SectorSocial sector has been one of the focus areas in this budget too. The Finance Minister hiked the allocation for social sector in the Union Budget 2011-12 to Rs. 160887 cr. an increase of 17% over the allocation in previous budget. Allocation for Bharat Nirman is proposed to be increased by Rs. 10,000 crore over the current fiscal at Rs. 58000 cr. Bharat Nirman includes the government’s flagship programmes such as Pradhan mantra Gram Sadak Yojna, Accelerated Irrigation benefit programme, Indira Awas Yojna, Rajiv Gandhi Grameen Vidyutikaran Yojna. Besides Planned allocations for Health and Education have also been stepped up by 20% and 24% respectively.