Budget 2017: Govt slashes expenditure on AMRUT, crop insurance schemes1 min read . Updated: 01 Feb 2017, 06:19 PM IST
The funds for 'Pradhan Mantri Mudra Yojana' has been cut to Rs1,040 crore from Rs2,135 crore in Budget 2017
New Delhi: 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 Rs9,000 crore for the next fiscal year, from Rs9,559 crore (RE) in the current fiscal year.
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Similiarly, the funds for Pradhan Mantri Mudra Yojana has been cut to Rs1,040 crore from Rs2,135 crore.
While the expenditure for Crop Insurance Scheme is reduced to Rs9,000 crore in 2017-18 budget from Rs13,240 crore (RE), the fund for assistance to promotion of sports excellence has been cut to Rs312 from Rs365.