UP Assembly Budget Session 2024: Uttar Pradesh Finance Minister Suresh Kumar Khanna on Monday offered the price range for the monetary yr 2024-25 within the state meeting with an outlay of Rs 7.36 lakh crore, increased than the present fiscal’s price range of Rs 6.90 lakh crore.

UP Budget 2024- 25 Updates:

The complete outlay of Rs 7,36,437.71 crore for the following fiscal contains new schemes price Rs 24,863.57 crore, the state finance minister stated whereas presenting the price range.

The state’s price range for 2023-24 was Rs 6.90 lakh crore that included new schemes price Rs 32,721 crore.

For the following fiscal, the state authorities’s price range has estimated the overall receipts at Rs 7,21,233.82 crore, which features a income receipts estimated at Rs 6,06,802.40 crore and capital receipts at Rs 1,14,531.42 crore.

The share of tax assortment in income receipts is estimated at Rs 4,88,902.84 crore, which incorporates state’s personal tax income of Rs 2,70,086 crore and its share in central tax pool at Rs 2,18,816.84 crore.

The complete expenditure is estimated at Rs 7,36,437.71 crore.

Out of the overall expenditure, Rs 5,32,655.33 crore has been allotted for the income account and Rs 2,03,782.38 crore for capital account.

After deducting the overall expenditure from the receipts of the consolidated fund, a deficit of Rs 15,103.89 crore is estimated within the price range.x

Yogi Government Budget 2024

The Uttar Pradesh authorities’s annual price range for the following monetary yr has set a goal of 5.1 per cent development fee for the agriculture sector within the state.

A provision of Rs 460 crore has been made for 3 new agriculture-related schemes within the price range.

Khanna stated that the goal is to realize the expansion fee of 5.1 per cent for the agriculture sector.

He introduced three schemes to push the agriculture sector.

One of the scheme, State Agricultural Development Scheme, can have a provision of Rs 200 crore.

Another Rs 200 crore has been allotted for the World Bank-assisted UP Agris Scheme.

The third scheme for the set up of computerized climate station-automatic rain gauge in blocks and panchayats has been allotted Rs 60 crore, the state finance minister stated.

He additional stated that the Chief Minister Khet Suraksha yojna (Farm Security Scheme) can be being began with a provision of Rs 50 crore.

Yogi Adityanath Big Announcements UP Budget 2024:

Besides, an outlay of Rs 2,400 crore has been proposed for offering electrical energy at concessional charges to personal tube wells of farmers. The quantity is 25 per cent greater than the price range for a similar offered within the present monetary yr.

Khanna stated that Rs 449.45 crore has been proposed for the implementation of PM Kusum Yojana, which is greater than double than the allocation for the continuing fiscal.

Destitute Women Pension Scheme

Khanna stated that underneath the Destitute Women Pension Scheme, the quantity payable to the eligible beneficiaries has been elevated from Rs 500 monthly to Rs 1,000 monthly.

As many as 31,28,000 destitute girls have benefited underneath the scheme until the third quarter of 2023-2024.

Under the Women Farmer Empowerment Project, the goal is to supply technical assist by forming 200 producer teams within the monetary yr 2024-2025, the minister stated.

Aero City in Lucknow

Khanna additionally introduced that the state authorities is planning Aero City in Lucknow on the strains of Delhi, which will probably be developed in about 1500 acres. It can have services like a 7-star resort, park, world-class conference centres and others.

Speaking on the unemployment fee within the state, the finance minister stated that UP authorities has to this point been profitable in bringing about 6 crore folks out of poverty. “Today the unemployment fee within the state is just 2 %,” he said.

He also added that semiconductor policy has been approved by the state government. This policy will pave the way for the establishment and development of semi-conductor units in the state, which will bring large-scale investment in the state from within the country and abroad.

Uttar Pradesh has become the fourth state in the country to bring such a policy.

Moreover, speaking on the consecration ceremony of Ram Lalla in Ayodhya on January 22, the state finance minister highlighted tourism boost in the state.

He said, “Our social and cultural sector has got a lot of encouragement due to the construction of the grand temple of Lord Ram in Ayodhya. Ayodhya has become a big tourist centre of the world. There has been a huge increase in the number of tourists coming here from India and the world which has greatly improved our economic condition…”

He additionally added that an MoU for funding of Rs 4,000 crore has been signed by the state authorities with Hero Future Energies, underneath which the group will put money into renewable vitality and clear expertise tasks within the state.

Khanna had earlier informed reporters the price range will probably be ‘Sarv Samaveshi’ (all-inclusive) and ‘Sarv Sparshi’ (taking good care of all) to make sure all-round growth.

“The Yogiji’s (Chief Minister Yogi Adityanath) price range will take UP ahead to realize its goal of turning into a 1-trillion greenback financial system,” he had said.