Jharkhand State Budget 2016-17 presented

Feb 20, 2016 08:05 IST

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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Quick Digest

Who: Jharkhand Budget 2016-17

Where: Ranchi

What: Presented

When: 19 February 2016

Is this article important for exams ? Yes30 People Agreed

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