MUMBAI: Union finance minister Nirmala Sitharaman in her second budget announced Rs 4375.21 crore for the Ministry Of Information And Broadcasting (MIB) for the financial year 2020-21, Press Trust of India report said. The revised budget estimate for the last fiscal was Rs 4064.76 crore.

The finance minister has increased the funds to MIB by Rs 310 crore over the previous fiscal year. The allocation for Prasar Bharati has remained at Rs 2889.36 crore, same as the revised estimate of last financial year.

The allocation, in the budget, for broadcasting under the social services has been upped to Rs 3218.56 crore from Rs 3067.26 crore in FY20. Meanwhile, a total of Rs 967.29 crore is allocated for information and publicity.

The minister raised the allocation for the Film and Television Institute of India (FTII), Pune to Rs 49.4 crore from Rs 30.87 crore in 2019-20, and has doubled the Indian Institute of Mass Communication (IIMC) funds to Rs 61.30 crore in FY21 from Rs 25.69 crore in the last fiscal.

Hailing the budget 2020 as most pragmatic, union information and broadcasting minister Prakash Javadekar said that India has not only managed a good growth rate but is also marching towards a better rate, adding that the budget will usher in all-round development.