Ruchika M Khanna and Vijay C Roy
Tribune press service
Chandigarh, March 8
Punjab Finance Minister Manpreet Singh Badal on Monday presented the state budget with an expenditure of Rs.168,015 crore for the 2021-22 fiscal year to the state assembly.
Badal tabled the latest budget for the government headed by Amarinder Singh. Legislative elections are scheduled for early next year.
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The government will forgo Rs 1,186 crore of 1.13 lakh from farmers and Rs 526 crore from landless farmers in the next phase, as part of the 2021-2022 farm loan waiver program, according to the speech. from the budget.
Badal also announced an increase in the old age pension from Rs 750 per month to Rs 1,500 per month.
He also announced an increase in the amount under the Shagun scheme from Rs 21,000 to Rs 51,000 – with PTI
The budget comes at a time while the Punjab’s per capita social spending is the fourth lowest among the major states.
All students studying at government colleges will be allowed free travel on government-run buses.
Demobilization of two Akali deputies
- Two Akali MPs – Lakhbir Singh Lodhinangal and DS Bhunder – walk out of the chamber and declare “no improvement for farm families who commit suicide”.
Rs 1,513 crore proposed by FM to subsidize electricity to domestic consumers
Social sector spending increased from Rs 2,320 crore to Rs 4,000 crore
Seven homes will be set up for working women
- Hostels to be created in Jalandhar, Ludhiana, Patiala, Mohali, Mansa and Bathinda
Vacancies to be filled in state government jobs
- 48,989 positions in the state government to be filled in the first phase, compared to 1 lakh of vacant positions.
Rs 1,600 crore set aside for the Smart Cities mission
Rs 90 crore for Punjabi University debt; allocation for post-matrix scholarship program
- Rs 432 crore allocated to the creation of the Interfaith Institute at GNDU
- Rs 750 crore set aside for granting scholarships to 2 lakh students under the post-matrix scholarship program.
Electricity subsidized to industry
- FM allocates 1,928 crore rupees in 2021-22 for subsidized electricity
- FM offers OTS policy for delinquencies of interest-free loans (industry) provided they meet certain conditions
the Punjab Sugar Cane Research Development Institute in Kalanaur; The Gurdaspur and Batala sugar factories to be modernized; and, Rs 300 crore to set aside to buy sugar cane
A multi-specialty veterinary hospital announced in Fazilka
29 new projects for the improvement of canal systems
- Rs 897 crore proposed to strengthen canal irrigation system
250 schools to be modernized, Rs 100 cr for smartphones for 12th class students
- Rs 140 crore allocated to digital education
- Rs 100 crore allocated to provide smartphones to students in class XII
- Fitness parks will be set up in all public schools and playgrounds.
- Rs 100 crore for upgrading government colleges, announced
- Rs 1064 crore allocated to GNDU, Punjabi University, PAU, Rajiv Gandhi National Law University
Agricultural programs to mitigate risks for horticultural farmers, crop diversification
The AAP organizes the walkout
AAP MPs storm House well saying Congressional government has increased state debt by over Rs 70,000 crore
Launch of the new framework program “Kamyaab Kisan Khushaal Punjab”
- Under this program, Rs 3,780 crore to be spent over the next three years and Rs 1,104 crore allocated for 2021-2022.
- A center of excellence for vegetables will be set up in Fazilka; a post-graduate horticultural research institute to be established in Amritsar; mobile sales carts to be supplied to farmers.
Government proposes to extend GST incentives until October 17, 2022 to attract investment
- Earlier any request submitted before March 31, 2020 was applicable
Punjab Sahit Ratan award money increased from Rs 10 lakh to Rs 20 lakh
- The pension of Punjabi writers increased from Rs 5,000 to Rs 15,000
The 15th Finance Committee presented the Punjab case well and increased devolution by 0.23%, which will result in additional devolutions of Rs 1,500 crore this year: FM
The freedom fighter’s pension increased from Rs 7,500 to Rs 9,500
Two technical colleges to be transformed into universities
A new water quality monitoring system for villages affected by arsenic
Punjab government waives farm loans, grants electricity subsidy
- Loans worth 1,186 crore rupees of 1.13 lakh from farmers and 526 crore rupees from landless farmers in 2021-2022 will be canceled
- 7,180 crore rupees for free electricity subsidy for farmers
Rs 150 proposed for the Punjab innovation fund
- Fund to invest in early stage start-ups, the government’s participation in the fund will be a maximum of 10 percent of the corpus: FM
- All districts will have a district industry office and investment promotion offices. In the first phase, Amritsar, Jalandhar, Ludhiana, SAS Nagar, Patiala and Bathinda will be covered
A museum of Rs 100 crore on Baba Sahib Ambedkar will be installed in Kapurthala
Old age pension increased to Rs 1500: FM
The government will increase the allocation under the Aashirwad program from Rs 21,000 to Rs 51,000: PM
Women will travel for free on all government buses: FM
FM Badal announces two new medical schools and a hospital
- Colleges will be set up in Kapurthala and Hoshiarpur, resulting in an expenditure of Rs 650 crore.
- One unit at Tata Memorial Hospital in Mullanpur needs to be topped up with Rs 450 crore
- Virology centers will be established at the Government Medical College in Amritsar and at the National Institute of Virology in Mohali.
Eight new wings of maternal and child health
- The wings will be installed in the subdivided hospitals of Talwandi Sabo, Nabha, Patti, Dera Bassi Muktsar, Gurdaspur, Bhawanigarh and Raikot.
- Rs 92 crore allocated to upgrade Government Medical College, Patiala
Badal presents the latest budget of the current government of Capt Amarinder Singh
- Budget size is Rs 1,38,015 crore
- Government debt rose to Rs 2,73,730 crore, with an unprecedented debt / GSDP ratio of Rs 45.05 crore.
The sixth wage commission for employees will be implemented from July 1 of this year.
The report must be submitted by March 31st. The arrears will be paid in installments and Rs 9000 crore has been set aside for the same.
Punjab Chief Minister Capt Amarinder Singh chairs cabinet meeting before the presentation of the budget in the report.
Chair the Council of Ministers before the presentation of our 2021-2022 Budget. pic.twitter.com/wbUyyaVgY5
– Capt. Amarinder Singh (@capt_amainder) March 8, 2021
Punjab Finance Minister Manpreet Badal leaves his residence before the presentation of the 2021-22 state budget to the Vidhan Sabha.