Vol. 2, Issue 12, Part L (2016)

Rural growth is considered to be of higher importance in our country today and always in the process of the nation's growth. It aims at achieving increased productivity, greater socio-economic equality and aspiration, and stability in economic and social development. Keeping this in attention, Central as well as State Governments put higher emphasis on keeping budget for rural development. Government of India, immediately after the commencement of Five Year Plan, started separate allocation of fund for development of rural areas, rural mass for the interest of the country’s growth. This paper focusses on the thrust of the Central Budget towards rural development. The theoretical paper tries to explore the welfare schemes for the agricultural sector and the farmers and to investigate the rural development budgetary allocation.