Finance Minister Pranab Mukherjee has proposed an allocation of Rs2,14,000 crore for infrastructure sector, which is 23.3% higher than current year. This amounts to 48.5% of the Gross Budgetary support to plan expenditure.
Announcing the General Budget 2011-12, the Finance Minister said that in order to give a boost to infrastructure development in railways, ports, housing and highways development, it has been proposed to allow tax-free bonds of Rs30,000 crore to be issued by various government undertakings in the year 2011-12. This includes Indian Railway Finance Corporation Rs10,000 crore National Highway Authority of India Rs10,000 crore HUDCO Rs5000 crore and Ports Rs5000 crore
