Budget proposes to build on the policy of bank consolidation and capital infusion.
Deposit Insurance and Credit Guarantee Corporation (DICGC) permitted to increase Deposit Insurance Coverage to Rs. 5 lakh from Rs. 1 lakh per depositor.
Pension Fund Regulatory Development Authority of India Act to be amended to -
Strengthen regulating role of PFRDAI.
Facilitate separation of NPS trust for government employees from PFRDAI.
Enable establishment of a Pension Trust by the employees other than Government.
Export promotion of MSMEs -
For selected sector such as pharmaceuticals, auto components and others.
An Rs 1000 crore scheme anchored by EXIM Bank together with SIDBI.
Hand holding support for technology up-gradations, R&D, business strategy etc.
