Uttar pradesh budget 2020-21

Uttar Pradesh govt total budget 2020-21

UP govt presents Rs 5,12,860 crore budget for FY 2020-21 in state assembly on 18^th February 2020.

Budget 2020-21 provisions for Women and child welfare

There is a Provision of Rs. 1200 crore under ‘Mukhyamantri Kanya Sumangla Yojna’.
An amount of Rs. 1432 crore proposed under the Destitute Women Pension scheme for maintenance of destitute women and their children.
The budget 2020-21 proposed Rs 4,000 crore for Rashtriya Poshan Abhiyaan

Provisions for agriculture and Horticulture-2/”>Horticulture in Budget 2020-21

Target of 641.74 lakh MT of food grains and 13.90 lakh MT of oilseeds has been set for 2020-21.
Target to distribute 102 lakh MT of Fertilizers next year to ensure adequate availability of fertilizers to farmers.
It is proposed to distribute 40606 improved farm implements on subsidy by setting up 1694 custom hiring centres and 305 farm machinery banks to promote mechanisation keeping in view shortage of farm hands.

Budget 2020-2021 provisions for Tourism and culture

In the year 2018, more than 28 crore 88 lakh tourists visited Uttar Pradesh, out of which 28 crore 50 lakh number of Indian tourists and 37 lakh 80 thousand number of foreign tourists.
The festival of Deepotsav was held again in Ayodhya on October 26, 2019, and more than 4 lakh 04 thousand 26 lamps were lit on this occasion. This was a new record which was included in the Guinness Book of World Records.
An arrangement of Rs 85 crores is proposed for the development of high-level tourist Infrastructure-2/”>INFRASTRUCTURE facilities in Ayodhya. A provision of Rs 10 crore is proposed for strengthening the Tulsi memorial building in Ayodhya.
For the purpose of preserving the cultural and ancient heritage of the state, some ambitious plans are proposed for the development of Garhmukteshwar area in Hapur district, development of water Sports at Ramgarh Tal in Gorakhpur, construction of heliports at important tourist places, implementation of 46 tourism development schemes, etc.
A provision of Rs 200 crore is proposed for the Shri Kashi Vishwanath temple expansion and beautification scheme.
There is a target to increase the forest cover and tree cover to 15 percent by the year 2030, for which, in various plantation schemes, large scale rugged, manure and degraded forest land, community land and private land of farmers on the road, railway line and private property of farmers. There is an action plan to plant trees at the level.

Budget 2020-21 provisions for Rural Development

An amount of Rs. 6,240 crore proposed to get constructed 05 lakh housing units next year under the Pradhan Mantri Awas Yojna (Rural).
An amount of Rs. 5,791 crore proposed under the Swachha Bharat Mission (Rural).
Target to create 35 crore mandays of employments under MNREGA Scheme next year. For this purpose Rs. 4,800 crore proposed.
Provision of about Rs. 175 crore for 19 clusters selected in three phases under the Shyama Prasad Mukherji Rurban Mission in the state.
639 crore proposed under the Mukhya Mantri Awas Yojna (Rural).
3300 crore proposed for piped drinking water scheme in Bundelkhand, Vindhya region and quality affected villages.

Namami Gange & Rural Water Supply

An amount of Rs. 1,554 crore proposed for Saryu Canal Project, 1736 crore for Central Ganga Canal second phase and Rs. 252 crore for Arjun Sahayak Project.
An amount of Rs. 393 crore proposed for Rajghat Canal Project, Rs. 295 crore for Water Sector Restructuring Project and Rs. 200 crore for Kanhar Irrigation Project.
966 crore for flood control and water drainage projects.
300 crore proposed for constructing damaged concrete structures of canals.

Housing and Urban Development

A target of constructing 4 lakh houses for weaker sections by March 2021.
Metro rail service is available in Lucknow, Ghaziabad and Noida. Work of Regional Rapid Transit System from Delhi to Meerut is in progress. An arrangement of Rs. 900 crore made for it.
An arrangement of Rs. 358 crore proposed for Kanpur Metro Rail Project.
An arrangement of Rs. 286 crore proposed for Agra Metro Rail Project.

Welfare of Persons with Disabilities

Provision of Rs. 621 crore for the pension beneficiary under Divyangjan Pension Yojana in budget 2020-21.
Proposal of Rs. 30 crore to establish ‘Samekit Vishesh Madhyamik Vidhyalaya’.
Provision of Rs. 25 crore for maintenance of the children of Divyang parents under Palanhaar Yojana.
Proposal of Rs. 37 crore to provide Artificial Limb, Caliper, Tricycle, Wheel Chair etc. to divyangjan in all 75 district of the state.

Revenue estimates of Uttar pradesh

Gross State Domestic Product

Gross State Domestic Product of Uttar Pradesh for 2020-21 is estimated to be Rs 17,91,263 crore. This is based on the estimate that the state’s economy will grow at a rate of 6% from the year 2019-20. In 2019-20, GSDP is estimated to grow at a rate of 14% over the previous year.

Fiscal Deficit

Fiscal Deficit of Rs. 53,195.46 crore is estimated, which is 2.97 percent of the estimated Gross State Domestic Product (GSDP).,

The Uttar Pradesh budget 2020-21 was presented by the Finance Minister, Suresh Khanna, on 25 February 2020. The budget was presented in the backdrop of the COVID-19 pandemic, which had a significant impact on the state’s economy. The budget focused on providing relief to the people of the state and on stimulating the economy.

The budget allocated a total of â¹5.5 lakh crore for the state’s development. Of this, â¹2.5 lakh crore was allocated for the social sector, â¹1.5 lakh crore for the infrastructure sector, and â¹1 lakh crore for the agriculture sector.

The budget also announced a number of new schemes and initiatives. These included the Mukhyamantri Kanya Sumangala Yojana, which provides a financial assistance of â¹15,000 to girls on their 18th birthday; the Mukhyamantri Yuva Swarojgar Yojana, which provides a financial assistance of â¹50,000 to youth for setting up their own businesses; and the Mukhyamantri Kisan Samman Nidhi Yojana, which provides a financial assistance of â¹6,000 per year to farmers.

The budget also announced a number of tax relief measures. These included a reduction in the tax rate for small businesses from 30% to 25%; a reduction in the tax rate for individual taxpayers from 30% to 25% for income up to â¹5 lakh; and a reduction in the tax rate for senior citizens from 30% to 25% for income up to â¹7.5 lakh.

The budget was well-received by the people of the state. They appreciated the government’s efforts to provide relief to the people and to stimulate the economy. They also appreciated the government’s announcement of a number of new schemes and initiatives.

The budget is expected to have a positive impact on the state’s economy. It is expected to stimulate economic activity and to create jobs. It is also expected to improve the lives of the people of the state.

The budget has been criticized by some for being populist. They argue that the government has not done enough to address the state’s fiscal deficit. They also argue that the government has not done enough to improve the state’s infrastructure.

Despite these criticisms, the budget is a positive step for the state of Uttar Pradesh. It is a budget that is focused on the people of the state and on their welfare. It is a budget that is expected to have a positive impact on the state’s economy.

The following are some of the key highlights of the Uttar Pradesh budget 2020-21:

A total outlay of â¹5.5 lakh crore for the state’s development.
â¹2.5 lakh crore allocated for the social sector.
â¹1.5 lakh crore allocated for the infrastructure sector.
â¹1 lakh crore allocated for the agriculture sector.
A number of new schemes and initiatives announced, including the Mukhyamantri Kanya Sumangala Yojana, the Mukhyamantri Yuva Swarojgar Yojana, and the Mukhyamantri Kisan Samman Nidhi Yojana.
A number of tax relief measures announced, including a reduction in the tax rate for small businesses, a reduction in the tax rate for individual taxpayers, and a reduction in the tax rate for senior citizens.

What is the budget?

The budget is a financial plan for a government or organization. It outlines how much Money will be spent on different things, such as salaries, programs, and infrastructure.

What is the purpose of the budget?

The purpose of the budget is to ensure that the government or organization has enough money to cover its expenses and achieve its goals. The budget also helps to track spending and make sure that money is being used wisely.

What are the different types of budgets?

There are many different types of budgets, but the most common are the operating budget and the Capital Budget. The operating budget covers the day-to-day expenses of the government or organization, while the capital budget covers major expenses such as building new roads or schools.

What are the different stages of the budget process?

The budget process typically begins with the preparation of a budget proposal by the executive branch. The proposal is then reviewed by the legislative branch, which may make changes before approving it. The final budget is then signed into law by the executive.

What are some of the challenges of BUDGETING?

One of the biggest challenges of budgeting is accurately forecasting revenue and expenses. If revenue is underestimated or expenses are overestimated, the budget may be unbalanced. This can lead to financial problems for the government or organization.

Another challenge of budgeting is making sure that the budget is fair and equitable. All parts of the government or organization should have a say in the budget process, and the budget should be designed to meet the needs of all stakeholders.

What are some of the benefits of budgeting?

Budgeting can help to ensure that the government or organization has enough money to cover its expenses. It can also help to track spending and make sure that money is being used wisely. Budgeting can also help to improve financial management and make the government or organization more efficient.

What are some of the risks of budgeting?

One of the biggest risks of budgeting is that it can lead to financial problems if the budget is not balanced. Another risk is that budgeting can be time-consuming and complex. Finally, budgeting can be difficult to implement if there is no buy-in from all stakeholders.

What are some of the best practices for budgeting?

Some of the best practices for budgeting include:

Accurately forecasting revenue and expenses.
Making sure that the budget is fair and equitable.
Implementing the budget effectively.
Monitoring the budget and making adjustments as needed.

Sure. Here are some MCQs on the following topics:

The Indian economy
The Indian economy is the world’s 7th largest economy by Nominal GDP and the 3rd largest economy by purchasing power parity. True or False?
The Indian economy is expected to grow at a rate of 7.2% in 2020. True or False?
The main drivers of the Indian economy are agriculture, manufacturing, and Services. True or False?
The main challenges facing the Indian economy are POVERTY, inequality, and infrastructure. True or False?
The Indian government
The Indian government is a parliamentary Democracy. True or False?
The President of India is the head of state. True or False?
The Prime Minister of India is the head of government. True or False?
The Indian Parliament is bicameral, consisting of the Lok Sabha (the lower house) and the Rajya Sabha (the upper house). True or False?
Indian culture
Hinduism-2/”>Hinduism is the majority Religion in India. True or False?
Islam is the second largest religion in India. True or False?
India is a secular country. True or False?
The Official Language of India is Hindi. True or False?
Indian history
India was ruled by the British East India Company from the 17th century to the 19th century. True or False?
India gained independence from Britain in 1947. True or False?
The first Prime Minister of India was Jawaharlal Nehru. True or False?
The current Prime Minister of India is Narendra Modi. True or False?
Indian Geography
India is the world’s second most populous country. True or False?
India is a landlocked country. False
The capital of India is New Delhi. True
The Ganges River is the longest river in India. True
Indian wildlife
The tiger is the national animal of India. True
The elephant is the largest land animal in India. True
The rhinoceros is a critically endangered species in India. True
The snow leopard is found in the Himalayas. True
Indian cuisine
Chicken tikka masala is the national dish of India. False
Curry is a type of Indian food. True
Naan is a type of Indian bread. True
Samosas are a type of Indian snack. True

I hope these MCQs were helpful!