Punjab Finance Minister Harpal Singh Cheema introduced a Rs 1.96-lakh-crore state funds for 2023-24 within the meeting right here on Friday with a give attention to agriculture, training and well being segments.

Speaking within the Assembly, Harpal Cheema stated training, well being, and agriculture are among the many precedence sectors for the federal government.

Total funds measurement has been elevated by 26 per cent to Rs 1,96,462 crore for 2023-24 over the earlier 12 months, the state finance minister stated.

It is the primary full funds of the AAP authorities.

After coming to energy in March 2022, the AAP authorities first handed a vote-on account on March 22 after which it introduced its funds in June for the remaining a part of the 12 months.

The Finance Minister proposed Rs 13,888 crore for agriculture and allied sector, up by 20 per cent. The authorities will quickly come out with a brand new agriculture coverage for which a committee of consultants have been shaped for the aim, he stated.

A sum of Rs 1,000 crore has been allotted for crop diversification. A revolving fund for Basmati crop buy has additionally been arrange, he stated.

The authorities has determined to launch a threat mitigation crop insurance coverage scheme–Bhaav Antar Bhugtan Yojana.

Cheema stated that Rs 125 crore has been allotted for direct sowing of paddy and moong crop buy.

On the stubble burning concern, Cheema stated that there was a drop of 30 per cent in stubble burning incidents.

Cheema stated {that a} free energy subsidy of Rs 9,331 crore for the farm sector has been earmarked for 2023-24.

On the well being sector, he stated 10.50 lakh individuals have been handled in ‘Aam Aadmi Clinics’ within the state thus far. He stated 26,797 jobs have been given thus far by the Bhagwant Mann authorities.

The efficient income deficit and financial deficit have been pegged at 3.32 per cent and 4.98 per cent of the gross state home product (GSDP) respectively.

A sum of Rs 74,620 crore has been proposed in direction of the dedicated expenditure, a leap of 12 per cent compared to FY 2022-23.

Effective capital expenditure is pegged at Rs 11,782 crore, a rise of twenty-two per cent compared to the earlier fiscal.

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