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Uttar Pradesh Budget 2015-16

Feb 25, 2015 15:17 IST

Uttar Pradesh Chief Minister Akhilesh Yadav on 24 February 2015 presented the State Budget 2015-16 of 302687 crore rupees. In the budget, state government has given main thrust on agriculture, education, power, health, roads and infrastructure development.

The budget size of 2015-16 is 10.2 percent more than the budget of 2014-15.

Key facts of Uttar Pradesh Budget 2015-16
• Based on the 2013-14 projections, the growth rate of the state is expected to be 5 percent, which is more than the national growth of 4.7 percent.
• The budget targets to contain the fiscal deficit at 2.96 percent of the total State GDP and the state’s debt is targeted at around 27.5 percent of State GDP.
• 51516 crore rupees have been earmarked for roads, bridges, irrigation and development and strengthening schemes for power.
• There is a provision of 26231 crore rupees in the budget for Scheduled Tribes, Scheduled Castes, OBC's, physically challenged and poor people of the general category.
• To assimilate 45 lakh beneficiary families 2727 crore rupees has been sanctioned, 2776 crore rupees has been sanctioned for minority welfare and 300 crore rupees for eight thousand homeless families.
• 25764 crore rupees have been allocated for power upgradation and line maintenance in the state. UP in its annual budget 2015-16 aims at generating 2100 megawatt electricity.
• Allocated 854 crores rupees to build state of the art cancer Institute at Lucknow and the medical teachers will now retire at the age of 65.
• It allocated a total of 17871 crore rupees for roads and bridges. 3000 crore rupees were allocated for the Lucknow-Agra Expressway and 425 crore rupees allocated for Lucknow Metro Rail project.
• Budget declared year 2015-16 as the Year of the Farmer. In this regard, Budget states to develop 1000 Agri Junctions to promote agriculture as a good mean of livelihood among young farmer entrepreneurs. Also, youth will be given subsidy at a loan of 5 percent interest.
• For payments of arrears to cane growers by sugar mills, 1152 crore rupees were allocated along with 442 crore rupees for reimbursement of society commission of Ganna Samiti's.
• Provision for 250 crore rupees has been made for a new sugar mill of 3500 TCD capacity at Azamgarh and Aswaani plant in place of the closed cooperative mill at Sathiaon.
• For farmer’s Accident Insurance Scheme, 600 crores rupees have been allocated.
• The budget has included new schemes of over 9388 crores rupees in the budget.
• For women empowerment, 100 crore rupees Mahila Samman Kosh has been created. 300 crore allocated for Kanya Vidya Dhan, 2727 crore for Samajwadi pension Scheme and 100 crore for free laptop for meritorious students scheme.
• Under the Lohia Grameen Parivahan Service, 100 crore rupees are proposed for linking villages to blocks, tehsil and district headquarters.

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Read more Current Affairs on: Uttar Pradesh budget 2015-16 , UP , budget

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