Punjab Budget For 2023-24

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Punjab Finance Minister Harpal Singh Cheema presented a Rs. 1. 96-lakh-crore state budget for 2023-24 in the assembly here on Friday which focussed primarily on agriculture, education and health sectors. Cheema announced various new schemes such as a market price risk mitigation scheme for the horticulture sector, solarisation of agriculture pumps, a young entrepreneur scheme and two coaching initiatives for students in the first full budget of the AAP government.

The detail about budget is as follows,

FARMING SECTOR

  • Rs. 13,888 crore for agriculture and farmers welfare, an increase of 20 percent Punjab government to initiate Fasal Bima Yojana crop insurance scheme.
  • Cheema said the government will also bring a new policy to find ways to increase the income of farmers.
  • Rs. 350 crore allocated for management of stubble Rs. 253 crore allocated for horticulture sector Rs. 2,574 Kisan Mitras to be deployed in each village to provide extension services and spread information and knowledge at the farmers doorstep.
  • Rs. 125 crore allotted for direct sowing of sorghum cereal and purchase of coral at minimum support price Rs. 1,000 crore allocated for market intervention by government for procurement of basmati.

EMPLOYMENT SECTOR

  • Rs. 231 crore proposed for employment generation and skill development.
  • Rs. 163 crore proposed for implementing various skill development programme.
  • Cheema claimed that Punjab received 2,295 investment proposals amounting to Rs. 41,043 crore in the last 11 months.

EDUCATION SECTOR

  • Rs. 199 crore proposed for the maintenance of schools Rs. 17,072 crore proposed for school and higher education and Rs. 200 crore proposed for upgradation of the schools into Schools of Eminence.
  • Rs. 324 crore for upgradation of government schools and Rs. 450 crore for mid-day meals.
  • Rs. 3 crore for maintenance of Sainik School Kapurthala.
  • Rs. 615 crore proposed for improving technical education institutes Rs. 990 crore proposed for providing assistance to various state universities Rs. 200 crore proposed for upgradation of Schools of Eminence A budget of Rs. 20 crore set aside for improving the skills of teachers.

HEALTH SECTOR

  • A budgetary outlay of Rs. 4,781 crore proposed for health and family welfare Rs 1,015 crore set aside for medical education and research Rs. 25 crore set aside for treatment and protection from African flu A mobile treatment unit to be started for the treatment of animals.
  • A provision of Rs. 1,015 crore proposed for medical education and research Two medical collages to be established in Kapurthala and Hoshiarpur.

SPORTS ECTOR

  • Rs. 35 crore is proposed for the construction, up-gradation and strengthening of sports infrastructure in 2023-24.
  • 10 sports infrastructure projects identified to be developed under PPP mode, and feasibility reports are under preparation New sports policy to be announced soon.

RURAL & URBAN DEVELOPMENT SECTOR

  • For the first time in the budget, a budget of Rs. 40 crore has been earmarked for strengthening of infrastructure in the border districts of Punjab.
  • This included installing of CCTV cameras in the areas.

OTHER IMPORTANT POINTS

  • No new tax imposed in Punjab Rs. 9,331 crore allotted for free power in Punjab.
  • Rs. 7,780 crore allocated for providing power subsidy to the domestic consumers.
  • Rs. 2,700 crore for subsidised power to industrial units.
  • Bill Leyao Inaam Pao Scheme Monthly prizes to be given to people customers who would submit their bills with the Taxation Department Rs 11,782 crore for capital expenditure for the financial year 2023-24.
  • Green Punjab Mission One crore saplings to be planted in 2023-24 under Green Punjab Mission.
  • 151 Nanak Bagh, 68 Pavittar Van are being developed.
  • Rs. 258 crore proposed in FY 2023-24 for Department of Forest and Wildlife.
  • Rs. 100 crore proposed to nudge MILK-FED which is expected to expand its procurement network in villages and also market its products in national and international markets.
  • Rs. 567 crore for transport sector – 42 more than the previous year An outlay of Rs. 3,751 crore made in the budget to provide financial incentives to industries, which is 19 percent more than the previous year.
  • Rs. 15 crore allotted for upgradation and setting up of two new galleries of War Memorial Complex in Amritsar Rs. 8,678 crore proposed for social welfare and social justice Rs. 10,523 crore for police, law and order and to counter gangster culture.

CONCLUSION

Punjab Finance Minister Harpal Singh Cheema presented a Rs. 1. 96-lakh-crore state budget for 2023-24 in the Assembly here on Friday which focused primarily on agriculture, education and health sectors.

Kumud Sharma

Kumud Sharma is the First Well-Known Female Journalist of the Journalism World of Himachal Pradesh. I am the Founder, Editor in Chief, Managing Director, Promoter of Diary Times. As a Female Journalist, With My Experience of More Than Nine Years, I Tell You Every News of Himachal Pradesh From The Ground Level With Absolutely Accurate and Correct Information, Be it the Politics of Himachal Pradesh or the Ground Reality, My Perspective On Every News Will Give You Assurance. I Assure You That Every News of Mine Will Comply With the Expertise and Fact Checking Policy.