Punjab Finance Minister Harpal Singh Cheema introduced the state funds for 2023-24 with a complete funds dimension of Rs 1,96,462 crore, marking a 26 p.c enhance over the earlier yr. The funds primarily focuses on agriculture, schooling, and well being segments. This is the primary full funds of the Aam Aadmi Party (AAP) authorities after coming to energy in March 2022.
The Finance Minister proposed a funds of Rs 13,888 crore for the agriculture and allied sector, a 20 p.c enhance over the earlier yr. He added that the federal government will quickly come out with a brand new agriculture coverage and has shaped a committee of specialists for the aim. A sum of Rs 1,000 crore has been allotted for crop diversification, and a revolving fund for Basmati crop buy has been arrange. The authorities has additionally determined to launch a threat mitigation crop insurance coverage scheme referred to as the Bhaav Antar Bhugtan Yojana.
Regarding stubble burning, Cheema stated that there was a 30 p.c discount in incidents. To help the farming sector, a free energy subsidy of Rs 9,331 crore has been earmarked for 2023-24, and Rs 125 crore has been allotted for direct sowing of paddy and moong crop buy. On the well being entrance, Cheema acknowledged that 10.50 lakh individuals have been handled in ‘Aam Aadmi Clinics’ within the state to this point. The Bhagwant Mann authorities has additionally given 26,797 jobs.
The funds proposes an allocation of Rs 18 crore for Pre-Matric scholarships for OBC college students and Rs 60 crore for SC college students in 2023-24. Additionally, Rs 35 crore is proposed for the development, up-gradation, and strengthening of sports activities infrastructure in 2023-24.
The authorities has launched Rs 36 crore in 2022-23 for the development of 11 new schools within the state. For strengthening and upgrading the Urdu Academy in Malerkotla, an allocation of Rs 2 crore is proposed for the subsequent fiscal. The funds proposes a complete of Rs 74,620 crore in the direction of the dedicated expenditure, a 12 p.c bounce in comparison with FY 2022-23. Effective capital expenditure is pegged at Rs 11,782 crore, a 22 p.c enhance over the earlier fiscal.
The funds additionally goals to handle environmental considerations, because the Finance Minister proposed a Green Budget and a Clean Air Action Plan. The Clean Air Action Plan is a five-year venture that goals to scale back air pollution ranges within the state by 50 p.c. The funds acquired blended responses from opposition events, with some praising the federal government’s efforts to help the agriculture and well being sectors, whereas others criticized the dearth of give attention to employment technology.
FAQs:
1. What are the principle highlights of Punjab’s state funds for 2023-24?
The state funds for 2023-24 proposes a complete funds dimension of Rs 1,96,462 crore, marking a 26% enhance over the earlier yr, with a give attention to agriculture, schooling, and well being segments. It features a free energy subsidy for the farming sector, allocation for crop diversification, Pre-Matric scholarships, and a Clean Air Action Plan.
2. What is the Clean Air Action Plan proposed in Punjab’s state funds for 2023-24?
The Clean Air Action Plan proposed in Punjab’s state funds for 2023-24 is a five-year venture that goals to scale back air pollution ranges within the state by 50%. It is part of the federal government’s efforts to handle environmental considerations and promote a inexperienced funds.
