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Union Finance Minister Pranab Minister on Friday presented the Union Budget 2010-11 in the Parliament. Highlights of Union Budget 2010-11 are as follows: Government to provide Rs 300 crore for agriculture impetus. Two per cent loan subsidy for farmers. To extend farm loan payment by six months. Banks consistently meeting targets. Banking licence for pvt, NBFC players being considered. Bank farm loan target: Rs 3.75,lakh crore. Nutrient based fertiliser subsidy scheme to come into force from April 1. Government has decided to set up apex-level Financial Stability and Development Council. RBI considering some additional banking licenses to private companies, NBFC will also be considered if they meet criteria. Five mega food parks to be set up. Power sector allocation doubled. To establish clean energy fund. Renewable energy allotment up by 61 per cent. Government committed to ensure continued growth of Special Economic Zones. Need to take firm view on opening up of the retail sector. Rs 200 crore to Goa for restoring beaches. Rs 500 crore for Clean Ganga mission. Tamil Nadu gets Rs 200 crore for textile development. School education allocation hiked to 31,036 crore. Social sector spending up to Rs 1.37 lakh crore. Government to provide Rs 66,100 crore for rural development. To build 20 km of highway every day. Health allocation to 22,300 crore.

Highlights of Union Budget 2010-11 (Part-II)