Jharkhand Chief Minister Raghubar Das on 19 February 2016 presented the Annual State Budget 2016-17 in the legislative assembly. The focus of the budget was on agriculture and rural development.
General Highlights
• The total size of the budget is estimated at 63502.28 crore rupees
• Revenue receipts has been estimated at 55756.42 crore rupees for the year 2016-17
• Non-planned expenditure allocated 26437.34 crore rupees while planned expenditure allocated 37065.35 crore rupees
• Fiscal deficit to be brought down from present 2.28 percent of GSDP to 2.16 percent
• MLA's local area development funds increased from present three crores to four crores rupees a year
• Procedure for withdrawal of MLA areas development fund simplified and instead of district DDOs, a new DDO would be appointed in each Assembly constituency for smooth withdrawal of the fund
• Small traders given exemptions in the form of waiving of VAT registration fees and no new tax being proposed in the budget
• Proposes to increase the participation of Jharkhand in the Make in India initiative by introducing syllabus on it in schools
• To introduce Babasaheb Dr. Bhim Rao Ambedkar Awas Yojana in the state
• Proposes to set up 71 Smart Police stations in 16 districts of the state
• To open engineering colleges per 20 lakh population
• To provide facilities to persons with per capita income below 72000 rupees
• To provide 24 hours electricity to villages by emphasizing on solar power generation and setting up a power plant at Deoghar
• Proposal to increase organic farming in the State by giving subsidy to the farmers for setting up bio-gas plants
• Proposes to implement Agriculture Single Window system in 100 Blocks of 24 districts
• To accelerate rural development through Yojana Banao Abhiyaan wherein programmes for the benefit of rural people will be made through their participation
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