Uttar Pradesh Finance Minister Suresh Kumar Khanna on Monday tabled a record Rs 7.36 lakh-crore budget for financial year 2024-25 in the state assembly with a focus on the development of youth, agriculture and infra boost to religious spots.
The total outlay of Rs 7,36,437.71 crore for the next fiscal includes new schemes worth Rs 24,863.57 crore, the state finance minister said while presenting the budget. The state’s budget for 2023-24 was Rs 6.90 lakh crore that included new schemes worth Rs 32,721 crore.
#WATCH | UP FM Suresh Khanna presents the budget in Vidhan Sabha, says “The ban on giving new private tube well connections in the dark zone has been lifted, which directly benefited about one lakh farmers…In the year 2023-2024, about 37 lakh Kisan Credit Cards were distributed… pic.twitter.com/UuHJxBNiIF— ANI (@ANI) February 5, 2024
For the next fiscal, the state government’s budget has estimated the total receipts at Rs 7,21,233.82 crore, which includes a revenue receipts estimated at Rs 6,06,802.40 crore and capital receipts at Rs 1,14,531.42 crore.
The share of tax collection in revenue receipts is estimated at Rs 4,88,902.84 crore, which includes state’s own tax revenue of Rs 2,70,086 crore and its share in central tax pool at Rs 2,18,816.84 crore.
The total expenditure is estimated at Rs 7,36,437.71 crore.
Out of the total expenditure, Rs 5,32,655.33 crore has been allocated for the revenue account and Rs 2,03,782.38 crore for capital account.
After deducting the total expenditure from the receipts of the consolidated fund, a deficit of Rs 15,103.89 crore is estimated in the budget.
Khanna said that under the Destitute Women Pension Scheme, the amount payable to the eligible beneficiaries has been increased from Rs 500 per month to Rs 1,000 per month.
As many as 31,28,000 destitute women have been benefited under the scheme till the third quarter of 2023-2024.
Under the Women Farmer Empowerment Project, the target is to provide technical support by forming 200 producer groups in the financial year 2024-2025, the minister said.
FOCUS ON YOUTH, RELIGIOUS PLACES
The budget has a provision of Rs 4,000 crore for free distribution of tablets and smartphones to youth.
Rs 2,057 crore has been allocated for the Ganga Expressway project, Rs 2,500 crore for the preparation of the Maha Kumbh Mela in the year 2025, Rs 100 crore for the overall development of Ayodhya, Rs 150 crore for the expansion for Maharishi Valmiki International Airport in Ayodhya, Rs 1,150 crore for construction work of International Airport in Jewar, Gautam Budh Nagar, Rs 150 crore for establishment of NIFT in Varanasi and Rs 200 crore for PM mega integrated Textile and Apparel Park in Lucknow-Hardoi.
EYE ON AGRICULTURAL GROWTH
The Uttar Pradesh government’s budget for the next financial year has set a target of 5.1 per cent growth rate for the agriculture sector in the state.
A provision of Rs 460 crore has been made for three new agriculture-related schemes in the budget.
Finance Minister Suresh Kumar Khanna announced three schemes to push the agriculture sector.
One of the scheme, State Agricultural Development Scheme, will have a provision of Rs 200 crore.
Another Rs 200 crore has been allocated for the World Bank-assisted UP Agris Scheme.
The third scheme for the installation of automatic weather station-automatic rain gauge in blocks and panchayats has been allocated Rs 60 crore, the state finance minister said.
He further said that the Chief Minister Khet Suraksha yojna (Farm Security Scheme) is also being started with a provision of Rs 50 crore.
Besides, an outlay of Rs 2,400 crore has been proposed for providing electricity at concessional rates to private tube wells of farmers. The amount is 25 per cent more than the budget for the same provided in the current financial year.
Khanna said that Rs 449.45 crore has been proposed for the implementation of PM Kusum Yojana, which is more than double than the allocation for the ongoing fiscal.
(With PTI inputs)
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