Highlights of Tamil Nadu Budget 2020-2021 so far
Deputy CM O Panneerselvam has ended his budget speech in assembly now. Already few populist schemes have been announced so far now include
- Rs. 6,500 crores allocation for food subsidy.
- Rs. 400 crores for co-operative societies enhance the public distribution system.
- Revised rice cultivation will be extended to 27. 18 lakh acres of land.
- Education expenditure for the coming year 2020-2021 is Rs. 34,181 crores, which are 5,423.38 crores more than the last year 2019-2020, which was at 28,757.62 crores.
- The expenditure for higher education for the coming year will be at Rs. 5,050.84 crores against last year's Rs. 4,584.21, which is an increase of Rs. 466.63 crores.
- Revenue for the year is Rs. 2,19,375 crores versus the expenditure of Rs. 2,41,601 crores were resulting in a deficit of Rs. 22,226 crores.
- Tamil Nadu's financial growth ratio will be better than the national level and estimated to be at 7.27%.
- Though the GDP of India has come down to 5 % now, Tamil Nadu is doing better.
- New types of crops that yield more will be introduced this year.
The Tamil Nadu government debt at the end of 2020-2021 will be at Rs. 4,56,660 crores.