<h1>Union Budget 2015-16 Boosts Agriculture: Rs. 8.5 Lakh Crore Credit Target, Major Funds for Rural Development Announced.</h1> The Union Budget 2015-16, presented by the Finance Minister, emphasized supporting the agriculture sector through effective and hassle-free credit, particularly for small and marginal farmers. The budget allocated Rs. 25,000 crore to the Rural Infrastructure Development Fund, Rs. 15,000 crore for the Long Term Rural Credit Fund, Rs. 45,000 crore for the Short Term Cooperative Rural Credit Refinance Fund, and Rs. 15,000 crore for the Short Term RRB Refinance Fund. An ambitious target of Rs. 8.5 lakh crore in agricultural credit was set for the year, with confidence that banks would exceed this goal.