UP Assembly Budget Session 2024: Uttar Pradesh Finance Minister Suresh Kumar Khanna on Monday introduced the finances for the monetary yr 2024-25 within the state meeting with an outlay of Rs 7.36 lakh crore, greater than the present fiscal’s finances of Rs 6.90 lakh crore.
UP Budget 2024- 25 Updates:
The whole outlay of Rs 7,36,437.71 crore for the subsequent fiscal contains new schemes price Rs 24,863.57 crore, the state finance minister stated whereas presenting the finances.
The state’s finances for 2023-24 was Rs 6.90 lakh crore that included new schemes price Rs 32,721 crore.
For the subsequent fiscal, the state authorities’s finances has estimated the overall receipts at Rs 7,21,233.82 crore, which features a income receipts estimated at Rs 6,06,802.40 crore and capital receipts at Rs 1,14,531.42 crore.
The share of tax assortment in income receipts is estimated at Rs 4,88,902.84 crore, which incorporates state’s personal tax income of Rs 2,70,086 crore and its share in central tax pool at Rs 2,18,816.84 crore.
The whole expenditure is estimated at Rs 7,36,437.71 crore.
Out of the overall expenditure, Rs 5,32,655.33 crore has been allotted for the income account and Rs 2,03,782.38 crore for capital account.
After deducting the overall expenditure from the receipts of the consolidated fund, a deficit of Rs 15,103.89 crore is estimated within the finances.x
Yogi Government Budget 2024
The Uttar Pradesh authorities’s annual finances for the subsequent monetary yr has set a goal of 5.1 per cent development charge for the agriculture sector within the state.
A provision of Rs 460 crore has been made for 3 new agriculture-associated schemes within the finances.
Khanna stated that the goal is to realize the expansion charge of 5.1 per cent for the agriculture sector.
He introduced three schemes to push the agriculture sector.
One of the scheme, State Agricultural Development Scheme, may have a provision of Rs 200 crore.
Another Rs 200 crore has been allotted for the World Bank-assisted UP Agris Scheme.
The third scheme for the set up of automated climate station-automated rain gauge in blocks and panchayats has been allotted Rs 60 crore, the state finance minister stated.
He additional stated that the Chief Minister Khet Suraksha yojna (Farm Security Scheme) can also be being began with a provision of Rs 50 crore.
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Besides, an outlay of Rs 2,400 crore has been proposed for offering electrical energy at concessional charges to personal tube wells of farmers. The quantity is 25 per cent greater than the finances for a similar supplied within the present monetary yr.
Khanna stated that Rs 449.45 crore has been proposed for the implementation of PM Kusum Yojana, which is greater than double than the allocation for the continued fiscal.
Destitute Women Pension Scheme
Khanna stated that beneath the Destitute Women Pension Scheme, the quantity payable to the eligible beneficiaries has been elevated from Rs 500 per 30 days to Rs 1,000 per 30 days.
As many as 31,28,000 destitute girls have benefited beneath the scheme until the third quarter of 2023-2024.
Under the Women Farmer Empowerment Project, the goal is to supply technical assist by forming 200 producer teams within the monetary yr 2024-2025, the minister stated.
Aero City in Lucknow
Khanna additionally introduced that the state authorities is planning Aero City in Lucknow on the traces of Delhi, which might be developed in about 1500 acres. It may have amenities like a 7-star resort, park, world-class conference centres and others.
Speaking on the unemployment charge within the state, the finance minister stated that UP authorities has thus far been profitable in bringing about 6 crore folks out of poverty. “Today the unemployment rate in the state is only 2 percent,” he stated.
He additionally added that semiconductor coverage has been permitted by the state authorities. This coverage will pave the way in which for the institution and improvement of semi-conductor items within the state, which can convey giant-scale funding within the state from throughout the nation and overseas.
Uttar Pradesh has grow to be the fourth state within the nation to convey such a coverage.
Moreover, talking on the consecration ceremony of Ram Lalla in Ayodhya on January 22, the state finance minister highlighted tourism increase within the state.
He stated, “Our social and cultural sector has got a lot of encouragement due to the construction of the grand temple of Lord Ram in Ayodhya. Ayodhya has become a big tourist centre of the world. There has been a huge increase in the number of tourists coming here from India and the world which has greatly improved our economic condition…”
He additionally added that an MoU for funding of Rs 4,000 crore has been signed by the state authorities with Hero Future Energies, beneath which the group will spend money on renewable power and clear expertise initiatives within the state.
Khanna had earlier advised reporters the finances might be ‘Sarv Samaveshi’ (all-inclusive) and ‘Sarv Sparshi’ (taking good care of all) to make sure all-spherical improvement.
“The Yogiji’s (Chief Minister Yogi Adityanath) budget will take UP forward to achieve its target of becoming a 1-trillion dollar economy,” he had stated.
