Odisha CM presents Rs.2.65 lakh crore state budget for 2024-25 fiscal in Assembly
25-Jul-2024 10:44 PM 2958
Bhubaneswar, July 25 (Reporter) Chief Minister Mohan Charan Majhi,also holding the Finance portfolio, on Thursday presented Rs.2.65 lakh crore state budget for 2024-25 fiscal in the Odisha Assembly. Majhi who presented the budget of the first BJP government in the state, said the outlay of the budget which is 15 percent more than the 2023-24 annual budget, will fulfill the needs and aspirations of the people taking into account the developmental priorities and ensuring sustainable growth in the state. Describing the budget as the “people’s government’s people budget,” the Chief Minister said budgetary provision has been made for 19 new initiatives which included several promises made by the party in the election manifesto during the 2024 elections. The budget, he said had allocated Rs.10,000 crore for Subhadra Yojana for women empowerment, Rs.5000 crore for Samrudha Krushak Yojana for purchase of paddy at Rs.3100 per quintal from the farmers of the state. The Chief Minister said Rs.500 crore was allocated for the implementation of central sponsored scheme Ayushman Bharat Pradhan Mantri Jana Arogya Yojana(ABPM-JAY) which was not implemented by the previous BJD government in the state. The budget, he said, had provided Rs.5450 crore for Gopabandhu Jana Arogya Yojana modifying the Biju Swasthya Kalyana Yojana implemented by the previous BJD government. The Chief Minister said an outlay of Rs 33,919 crore has been allocated under Agriculture and allied sector activities , which is about 36 percent more than the Budget Estimate for 2023-24. The government, he said, made a provision of Rs.1935 crore for CM Kissan Yojana to include the farmers who were excluded under the PM Kissan Yojana .This will replace the KALIA Yojana launched by the previous BJD government benefiting only 46 lakh farmers. The Chief Minister said under the PM Kissan and CM Kissan Yojana , about one crore farmers in the state will be benefited. Similarly, an outlay of Rs 10,000 crore has been proposed for the Subhadra scheme under which every woman will receive a cash voucher of Rs.50,000 which can be encashed over two years. This scheme, Majhi said will ensure speedy empowerment of women in the state. The Chief Minister said the budget has given more emphasis on agriculture, industries, health, education, and service sectors and stressed the development of poor, women, youth and orphans for Viksit Odisha. He said the outlay of Rs.155,000 crore for programme expenditure is 24 percent increase over the previous year adding that the programme expenditure constitutes more than 58 percent of the total budget size. The capital outlay in the 2024-25 is Rs.58.195 crore which is 6.3 percent of the GSDP. The Revenue surplus the budget has been projected at 2.96 percent of the GSDP while the Fiscal deficit is projected at 3.5 percent of the GSDP. The Chief Minister claimed that the year-end debt stock is projected to remain at 13.56 percent of the GSDP which is fully FRBM compliant. Department the Panchayati Raj and Drinking water has been allocated Rs.26,466 crore followed by Rs.26,391 crore for School and Mass Education,Rs.20,837 crore for Health and Family Welfare, Rs.15,181 crore for Women and Child Development and Rs.13,272 crore for Industries ...////...
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