UTTAR PRADESH BUDGET 2015-16
Uttar Pradesh Chief Minister Akhilesh Yadav, who also holds the finance portfolio presented Rs 3.02 lakh Crores annual budget of state on 24th February 2015.
In its annual budget, the state government has given main thrust on agriculture, education, power, health, roads and infrastructure development.
The budget seeks to spur rural economy, boost infrastructure projects and provide allocation for social sector and populist measures.
Associated Chambers of Commerce and Industry of India (Assocham) termed Uttar Pradesh Budget as “balanced, investment-friendly and people-centric budget”.
The Uttar Pradesh Budget has observed the year 2015-16 as the “Year of Farmers”.
The budget was a tax-free budget.
Key facts from budget
• The budget also contains the fiscal deficit of 2.96% of the total GDP of the state. Whereas the state’s debt is expected to be around 27.5% of its GDP.
For 2015-16, no new taxes has been levied in the budget.
State government has declared year 2015-16 as the Farmers year. In this regard 1000 Agri-centers will be established to promote agriculture as a good mean of livelihood among young farmer entrepreneurs.
• Government Schemes:
1. State government has included new schemes of over Rs.9388 crores in the budget. For farmer’s accident insurance scheme, Rs 600 crores has been allocated.
2. For women empowerment, Rs.100 crore Mahila Samman Kosh has been created.
3. For free laptop for meritorious students scheme, state government has allocated Rs.100 crores.
• Power sector:
Rs 25764 crores has been allocated for power up gradation and line maintenance in the state.
State government of built state of the art cancer Institute in Lucknow with a cost of
Rs.854 crores. for In proposed budget Rs.111 crores has been allocated.
State government has allocated Rs.3000 crores to Lucknow Agra Express way. It will be the longest elevated expressway in India on completion.
View Uttar Pradesh Budget Speech 2015-16