Main feature of Budget of Punjab
Main Features of Punjab Budget is as follows:
Farmers
Debt relief to distressed farmers: To provide financial assistance to the Debt-ridden farmers particularly small and marginal farmers in the state to reduce their debt burden, under the scheme “Scheme for providing debt relief to the distressed farmers in the State”. 1500.00 Crores
Harra (Green) Tractor Scheme: 25,000 tractors along with other agriculture implements would be given at subsidized rates to the unemployed youth to enable them to start their own ventures for agriculture Services under the scheme„Shaheed Bhagat Singh EMPLOYMENT Generation scheme. 5.00 Crores
Loan to Sugar Cooperatives for payment to cane growers 180.00 Crores
To prohibit kurki and sale of farmer‟s land by the lending agencies, the Govt. would enact a new legislation in the Punjab Vidhan Sabha.
To promote agriculture sector insurance scheme with the seed capital from the Government, Punjab State Agricultural Insurance Corporation will be established.
Rate of compensation for loss of crops (Kharaba) has been increased from Rs. 8000/- to Rs. 12000/- per acre
Women–Empowerment/”>Women Empowerment
Swadhar Greh scheme: To provide relief and rehabilitation of women in difficult circumstances including victims of cruelty etc. 15 Crores
National Creche Scheme for the children of working mothers: To provide day care facilities to children (0-6 years) of working mothers and other deserving women. Financial Assistance to Acid Attack Female Victims launched under which financial assistance @ ` 8000/- per month shall be provided to the sufferer.
Safety for Women” launched for ensuring women safety in the State. 02 Crores
Welfare
Assistance to BACKFINCO to clear outstanding dues of National Corporations. 10.00 Crores
Loan waiver scheme for PSCFC launched to provide relief up to ` 50000/- to the SC beneficiaries. 17.66 Crores
Loan waiver scheme for BACKFINCO launched to provide relief up to ` 50000/- to the BC beneficiaries. 2.44 Crores
Financial assistance under ‘Aashirwad Scheme’ increased from Rs. 15000/- to Rs. 21000/-
2000 houses will be constructed for eligible urban SC/BC families
Rural Development
Development of Infrastructure-2/”>INFRASTRUCTURE-in-rural-areas/”>Infrastructure in Rural Areas 1500.00 Crores ‘Pendu Sarvjan Hitkari’ Scheme Houses for houseless (rural) launched to provide free residential houses to houseless rural poor.
Shyama Prasad Mukherji Rurban Mission (SPMRM): To stimulate local Economic develoment, enhance basic services and create well planned urban cluster.
Basic amenities/purchase of land for burial ground/grave yard for Christian and Muslim communities.
NRI Affairs
‘Friends of Punjab’-Chief Minister Garima Gram Yojna
Home Affair and Justice
A new initative “Setting up of State Level Control Room for Dial-100” launched to reach the Caller within 15 minutes in the city area and 20 minutes in the rural area.
Construction of 70 new Police Stations and completing 23 incomplete building of Police Stations.
For Canalization of major rivers of the state, and construction of high speed economic corridors on their banks to prudently and optimally utilize scare and valuable Resources and generate economic activities around it. 1 Crores
Border Area Development
Special Package for upliftment of Border Area which would include creation of new social and industrial infrastructure, reservation in Government jobs and seats in selected educational institutions. 300.00 Crores
Housing
Houses to Houseless (Urban)‟ launched to provide free houses to houseless urban poor. 25 Crores
Opening of new Medical College at SAS Nagar, Mohali. 10 Crores
Establishment of Primary Rural Rehabilitation & Drug de-addiction Centres in the State.
50 Crores
Setting up of Health & Wellness Clinics in the State. 5 Crores
Universal Health Insurance Scheme 100.00 Crores
Upgradation of infrastructure in the existing Government Medical Colleges 101.50 Crores
Incentive Units Set Up under fiscal incentives for industrial promotion-2013 (after GST).
50.00 Crores
Development of logistic hub between Amritsar and Attari. 1.00 Crores
Exhibition cum Convention Centre at Ludhiana. 1.00 Crores
Assistance to PSIDC/PFC for discharge of their debt liability. 45 Crores
Construciton of roads and development industrial infrastructure at Rajpura under Amritsar Kolkata Industrial Corridor (AKIC) project. 5.00 Crores
Make in India Zero defect & Zero effect of MSME. 2.00 Crores
To promote Women Entrepreneurship under Stand up India. (WISH). 2.00 Crores
Culture
Heritage Grant for Restoration/Conservation of Quila Mubarak Patiala and Bathinda Fort. 26 Crores
To Implement the Punjab State Cultural and Heriatge Policy 2017 5 Crores
Heritage Grant for Restoration & Conservation of Historical Monuments.
Solarisation of water pumps- 80% subsidy 100.00 Crores
Science, Technology & Environment
Green Punjab – Incentives to Panchayats to stop burning of paddy straw in the State.
20 Crores
Paddy Straw Management Challenge Fund for Innovation 5 Crores
Employment Generation and Training
Shaheed Bhagat Singh Employment Generation Scheme 60 Crores
Setting up of District Employment Bureaus in the State 10 Crores
Setting up of Gen. Sham Singh Attariwala Preparatory Institute for Armed Forces at Amritsar 5.00 Crores
To provide furniture to government primary schools in the state 21 Crores
To provide computer to government primary schools in the state 10.00 (6’x 4″) 5.25 Crores
To provide green boards (6’x 4″) in government primary schools in the state 5.25 Crores
Award for best government primary school in each block (Rs 2 lac per block) 4.32 Crores
Award for best government middle school in each district (Rs 5 lac per district) 1.10 Crores
Award for best government high school in each district (Rs 7.5 lac per district) 1.65 Crores
Award for best government senior secondary school in each district (Rs 10 lac per district) 2.20 Crores
Free books to general category students of 9th and 10th class and all students of 11th and 12th class. 30 Crores
Higher Education
All the text books would be posted online enabling the students/parents to download the same free of cost under scheme “Establishment of e-library at Patiala”. 5 Crores
Infrastructural development of historical government colleges to improve the dilapidated conditions of same. 10 Crores
Construction of 5 new colleges in educationally backward areas to boost the education system in the state. 15 Crores,
The Punjab Budget for 2023-24 is a comprehensive and ambitious document that outlines the government’s priorities for the coming year. The budget allocates significant resources to key sectors such as agriculture, education, health, infrastructure, and social welfare. It also includes a number of new initiatives aimed at improving the lives of the people of Punjab.
One of the key priorities of the budget is to promote economic Growth. The government has allocated Rs. 25,000 crore for agriculture, which is 16% of the total budget. This includes a focus on irrigation, crop diversification, and farm mechanization. The government also plans to invest in infrastructure, such as roads, bridges, and power, to improve the business environment.
The budget also allocates significant resources to education and health. The government has allocated Rs. 24,000 crore for education, which is 15% of the total budget. This includes a focus on improving infrastructure, increasing access to education, and improving the quality of education. The government also plans to increase the number of medical colleges and hospitals to improve access to healthcare.
The budget also includes a number of new initiatives aimed at improving the lives of the people of Punjab. For example, the government plans to provide free education to girls up to the age of 18. The government also plans to provide free healthcare to all citizens of Punjab.
Overall, the Punjab Budget for 2023-24 is a comprehensive and ambitious document that outlines the government’s priorities for the coming year. The budget allocates significant resources to key sectors such as agriculture, education, health, infrastructure, and social welfare. It also includes a number of new initiatives aimed at improving the lives of the people of Punjab.
The budget is expected to have a positive impact on the economy of Punjab. It is expected to create jobs, improve infrastructure, and increase access to education and healthcare. The budget is also expected to improve the Quality Of Life for the people of Punjab.
However, there are some concerns about the budget. One concern is that the government may not be able to raise enough revenue to meet its expenditure commitments. Another concern is that the budget may not be able to address the long-term challenges facing Punjab, such as water scarcity and Unemployment.
Despite these concerns, the Punjab Budget for 2023-24 is a positive step towards improving the lives of the people of Punjab. The budget allocates significant resources to key sectors and includes a number of new initiatives aimed at improving the quality of life. The budget is expected to have a positive impact on the economy of Punjab and is likely to create jobs, improve infrastructure, and increase access to education and healthcare.
The Punjab Budget 2022-23 is a comprehensive and ambitious document that outlines the government’s priorities for the coming year. It is focused on providing relief to the people of Punjab, promoting economic growth, and ensuring social justice.
Some of the key features of the budget include:
- A significant increase in the allocation for social sector schemes, such as education, health, and Nutrition.
- A focus on promoting agriculture and rural development.
- A number of measures to boost the economy, such as tax cuts and incentives for businesses.
- A commitment to ensuring social justice and protecting the rights of the vulnerable.
The budget has been welcomed by many, who see it as a positive step towards addressing the challenges faced by the people of Punjab. However, some have raised concerns about the fiscal sustainability of the budget and the impact of some of the measures on the economy.
Overall, the Punjab Budget 2022-23 is a well-crafted document that addresses the key priorities of the government. It is a positive step towards building a prosperous and equitable Punjab.
Here are some frequently asked questions about the Punjab Budget 2022-23:
- What are the key features of the budget?
The key features of the budget include a significant increase in the allocation for social sector schemes, such as education, health, and nutrition; a focus on promoting agriculture and rural development; a number of measures to boost the economy, such as tax cuts and incentives for businesses; and a commitment to ensuring social justice and protecting the rights of the vulnerable.
- What are the benefits of the budget?
The benefits of the budget include increased spending on social sector schemes, which will improve the lives of the people of Punjab; a boost to the economy, which will create jobs and opportunities; and measures to ensure social justice and protect the rights of the vulnerable.
- What are the challenges of the budget?
The challenges of the budget include the fiscal sustainability of the budget and the impact of some of the measures on the economy.
- What is the overall impact of the budget?
The overall impact of the budget is positive. It is a well-crafted document that addresses the key priorities of the government. It is a positive step towards building a prosperous and equitable Punjab.
The following are some of the main features of the Budget of Punjab for the financial year 2023-24:
- Increase in the size of the budget: The budget size for the financial year 2023-24 has been increased to Rs. 1,55,860 crore, which is an increase of 12.5% over the budget size for the financial year 2022-23.
- Focus on agriculture and allied sectors: The budget has focused on agriculture and allied sectors by allocating Rs. 28,000 crore for these sectors. This allocation is expected to boost the growth of these sectors and help in doubling farmers’ income.
- Emphasis on Infrastructure Development: The budget has emphasized on infrastructure development by allocating Rs. 25,000 crore for this sector. This allocation is expected to improve the infrastructure in the state and help in attracting Investment.
- Provision for social welfare schemes: The budget has made provision for social welfare schemes by allocating Rs. 15,000 crore for these schemes. This allocation is expected to benefit the poor and the needy in the state.
- Increase in the tax exemption limit: The budget has increased the tax exemption limit from Rs. 2.5 lakh to Rs. 3 lakh. This is expected to benefit the middle class in the state.
- Introduction of new schemes: The budget has introduced new schemes such as the Mukhyamantri Kaushal Vikas Yojana and the Mukhyamantri Laghu Udyog Yojana. These schemes are expected to create employment opportunities and promote entrepreneurship in the state.
The following are some of the questions that can be asked on the main features of the Budget of Punjab:
- What is the size of the budget for the financial year 2023-24?
- What are the focus areas of the budget?
- What is the provision for social welfare schemes in the budget?
- What is the tax exemption limit in the budget?
- What are the new schemes introduced in the budget?