The UP government has presented the largest budget of its government so far for the financial year 2021-22.
The budget has taken care of the youth, farmers and labourers of the unorganized sector. The budget size is 5 lakh 50 thousand 270 crore rupees.
Manish Khemka Co-Chairman UP Chamber, PhD Chamber of Commerce and Industry thoroughly describe the nitty-gritty of the budget and how a common man and businessman can benefit from it.
UP’s fiscal deficit was 4.5 per cent of the Gross State Domestic Product (GSDP) in the last government’s final term 2016-17 budget. Despite the tough challenge of Corona, the Yogi government today has managed to keep it balanced at 4.17% in its fifth budget. It is a matter of satisfaction that due to excellent financial management, the burden of taxes on the general public has not increased”.
Uttar Pradesh is one of the top four states in the country with the lowest budget debt.
The government is working on ease of doing business as well as living, which is certainly a commendable initiative. It aims to facilitate easy availability of water, electricity and roads, including digital facilities across the state”.
The Yogi government has made a record sugarcane payment of 1 lakh 23 thousand crores within just four years whereas the previous government could only buy sugarcane of only Rs 95,215 crores in five years.
Innovative efforts such as the appointment of Business Correspondent Sakhi in 18000 panchayats in Uttar Pradesh to help with banks’ schemes and a 200 crore Mahila Samarthi Yojana for Women Volunteer Support Groups, a game-changer towards generating new women entrepreneurs in Uttar Pradesh Can be proved. The joining of 10 lakh students with free coaching through Mukhyamantri Abhyudaya Yojana is also a happy sign of the future.
Providing social security of two lakh rupees to one crore workers in the unorganized sector, as well as the benefit of five lakhs of health facilities under Mukhyamantri Jan Arogya Yojana is also an unprecedented and commendable step.
There is a lot in the budget for the farmers. Under the Kisan Accident Insurance Scheme, not only the farmer but also his family members have been included in the lease farming under the protection of five lakhs. Along with this, health security of five lakh rupees will also be given to them under Mukhyamantri Jan Arogya Yojana. The farmers have a target of setting up 15000 solar pumps with 400 crore rupees for cheap loans and six hundred crores for free water.
This budget is drafted while keeping all the section of society and the motto of “sabka sath, sabka Vishwas”.