Sharp hike in budgetary allocation for HUPA Ministry

source: http://articles.economictimes.indiatimes.com/2014-02-17/news/47412175_1_budget-allocation-interim-budget-budgetary-allocation

With a budget allocation of Rs 6008.62 for the year 2014-15, the Housing and Urban Poverty Alleviation (HUPA) Ministry has seen a manifold jump in the amount earmarked for it in the interim budget presented by Finance Minister P Chidambaram here today.

In contrast, the revised estimates for the ministry for 2013-14 show the total amount to be Rs 1207.72 crore.

The increase in the budget is accounted for by schemes such as National Urban Livelihood Mission (NULM), Jawahar Lal Nehru National Urban Renewal Mission (JNNURM), Rajiv Awas Yodana (RAY) and Rajiv Rin Yojana (RRY).

As per the interim budget, the amount allocated for RAY is Rs 2400 crore while that for JNNURM Rs 1630 crore.

The budget allots Rs 698.98 crore for Rajiv Rin Yojana whereas it allocates Rs 1003 for the National Urban Livelihood Mission.

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