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        Case ID :

        Social and Infrastructure Development Fund (SIDF)

        May 8, 2015

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        Social and Infrastructure Development Fund (SIDF) was created with due approval of Cabinet. While presenting the Budget for 2007-08, the Finance Minister had announced a number of initiatives relating to social and infrastructure development which were proposed to be implemented with effect from the year 2007-08. The initiatives included Upgradation of 1396 ITIs, training of Farmers, Employment for Physically Challenged, Means cum-Merit Scholarships, Ground Water Recharge, Social Security through provision of death and disability insurance cover through LIC to rural landless households, and support to various institutes of Historical, Cultural, Economic and Agricultural significance, for improving infrastructure.

        An amount of ₹ 6,500 crore in 2006-07 and ₹ 6000 crore in 2007-08 was transferred to SIDF. The details of allocation from the fund during the last three years and the current year are as follows:

        (Rs. in crore)

         

        Actual

        2012-13

        Actual

        2013-14

        Revised

        2014-15

        Budget

        2015-16

        Amounts released from Social

        and Infrastructure Development

        Fund

        77.25

        323.77

        70.05

        170.00

        This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha today.

        Social and Infrastructure Development Fund funding releases support targeted social and infrastructure initiatives across multiple fiscal periods. The Social and Infrastructure Development Fund was established with Cabinet approval to finance targeted social and infrastructure initiatives-including vocational institute upgradation, agricultural training, disability employment support, scholarships, groundwater recharge, rural death and disability insurance, and institutional infrastructure-and has received budgetary transfers with recorded allocations and disbursements over successive fiscal periods, as reported by the Minister of State in response to a parliamentary question.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Social and Infrastructure Development Fund funding releases support targeted social and infrastructure initiatives across multiple fiscal periods.

                                The Social and Infrastructure Development Fund was established with Cabinet approval to finance targeted social and infrastructure initiatives-including vocational institute upgradation, agricultural training, disability employment support, scholarships, groundwater recharge, rural death and disability insurance, and institutional infrastructure-and has received budgetary transfers with recorded allocations and disbursements over successive fiscal periods, as reported by the Minister of State in response to a parliamentary question.





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                                ActsIncome Tax
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