Tamil Nadu Budget 2013-14: Presented by Finance Minister O. Panneerselvam
Finance Minister of Tamil Nadu O. Panneerselvam on 21 March 2013 presented the Budget 2013-14 in the legislative Assembly.
The Finance Minister of Tamil Nadu O. Panneerselvam on 21 March 2013 presented the Budget 2013-14 in the legislative Assembly.
The budget of the year 2013-14 was focused on agriculture with not any imposition of taxes or not any hike proposed from the existing rates in the surroundings of the slow economic growth
The Budget was focused on rural and urban infrastructure with investments going into storage and marketing infrastructure, industrial development backed by speedy implementation of infrastructure projects including in power and roads.
Budget 2013-14 of Tamil Nadu at a Glance
• Compensation of15000 rupees was announced as part of the special relief package in the Cauvery Delta Area per acre as crop loss compensation and special compensation including advance against insurance payments to those farmers who had suffered more than 50% crop loss.
• There is also announcement of works worth 1517 crores rupees under various schemes which will be taken up in the Cauvery Delta Area, including the creation of 15000 farm ponds under MGNREGS at a cost of181 crores Rupees.
• The State will exceed the Annual Plan target of 28000 crores Rupees during 2012-2013 and the allocation has been increased to.37000 crores Rupees for 2013-2014. The plan allocation for the primary sector has been increased by 20.12%.
• During 2012-2013, the Tamil Nadu Uniformed Services Recruitment Board (TNUSRB) has recruited 12152 Police Constables, 377 Jail Warders and 791 Firemen. The TNUSRB will further recruit 17138 Police Constables, 1091 Sub-Inspectors, 1005 Firemen and 292 Jail Warders during 2013-2014.
Budget Allocation for Agriculture
• The allocation to agriculture is 5189 crore Rupees (4829 crore rupees) of the total Rs 17,220 crore to the primary sector.
• Following the 1517-crore Rupees relief package to the Cauvery Delta farmers, the Government is readying a relief package for the other districts.
• Horticulture will be expanded with 8.2 lakh acres brought under vegetable cultivation against the present 7.25 lakh acres.
• Infrastructure in agricultural markets will be upgraded and markets integrated with commodity exchanges. The objective is to increase processing, farmers’ revenue and stabilise incomes.
• Crop loan target from the cooperative sector is pegged at 4500 crore rupees for 2013-14 against 4000 crore rupees in the current year.
• To improve water use efficiency, the State Government decided to do away with the one-acre limit on small and marginal farmers to make use of subsidy for micro irrigation.
• Farmers can choose their suppliers and the subsidy will be released to the farmers’ account. Over 520 crore Rupees will be available as subsidy to cover over 1.30 lakh acres.
Budget Allocation for Infrastructure
• Government allocated 2000 crore Rupees for an infrastructure development fund and 200 crore Rupees for project preparation fund for the year.
• Key infrastructure projects have been cleared at the first meeting of the Tamil Nadu Infrastructure Development Board.
• A new body, the Tamil Nadu State Highways Authority will be created along the lines of the National Highways Authority of India to maintain and manage State Highways.
• The biggest externally aided project will be implemented in the road sector at a cost of 8580 crore rupees covering over 1678 km.
Budget Allocation for Education
• The Government has earmarked maximum funds to school education at 16965 crore Rupees.
• Tamil Nadu was among the earliest to notify the Right of Children to Free and Compulsory Education Rules, 2011.
• Over 24.76 lakh students will receive cash benefit of 381 crore Rupees including cash incentives.
• Enrolment in higher education has gone up to 6.51 lakh students in 2012-13 (6.09 lakh).