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Arunachal Pradesh Dy CM presented Rs 578.50cr Deficit State Budget for FY22

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Arunachal Pradesh Dy CM presents state budget 2021-22On March 4, 2021, Arunachal Pradesh’s (AR) Deputy Chief Minister (CM) and Finance Minister Chowna Mein presented Rs 578.50 crore deficit state budget for FY2021-22 at the state assembly in Itanagar. However, the fiscal deficit of the state has decreased to 2.19% from 2.28% in FY21.

  • In accordance with the Union Budget FY22, the Arunachal Pradesh share of Central Taxes is pegged at Rs 11693.94cr.

The budget is focused on the 6 key areas of growth viz.

i.Health & Wellbeing

ii.Reinvigorating Human Capital

iii.Inclusive Development for Aspirational Arunachal

iv.Physical & Financial Capital & Infrastructure

v.Minimum Govt & Maximum Governance

vi.Innovation Research & Development

Projections in AR Budget:

i.Revenue Receipts- Rs 21090.87cr

ii.Capital Receipts- Rs 1490.13cr

iii.Total Receipts- Rs 22581cr

iv.Revenue Expenditure- Rs 15344.32cr

v.Capital Expenditure (including loan)- Rs 6968.68cr

Key Highlights of Budget:

i.The state will observe year 2021 as ‘Year  of Education’ to improve the quality of education.

  • Rs 300 cr allocated towards the initiation of ‘Early Childhood Care and Education (ECCE)’.
  • 1st All girl Sainik School will be set up at Tawang after the approval from Ministry of Defence.
  • CM Samast Shiksha Yojana will be continued (Rs 32 crore).

ii.As a part of Health & Wellbeing, there will be further development of Tomo Riba Institute Health & Medical Sciences (TRIHMS).

iii.The Sangey Lhaden Sports Academy, Chimpu, Itanagar declared as Khelo India State Centre of Excellence under the Khelo India scheme.

iv.There will be implementation of pilot project on Caravan Tourism.

v.The Central Government has approved the preparation of DPR (Detailed Project Report) for Frontier Highway.

vi.The top 31 winners of Arunachal Pradesh Entrepreneurship Development program will get seed money and incubation support.

vii.The state government has allocated the 120 MW (Megawatt) Nafra Hydro-Electric Power to North Eastern Electric Power Corporation Limited.

Key Allocations:

i.A grant of Rs 303 cr will be provided to local bodies under the 15th Finance Commission for development through Panchayat Raj Institutions.

ii.Rs 1,895 crore was allocated for clearing old liabilities of State Infrastructure Development Fund (SIDF).

iii.Rs 1,000 crore was allocated for Central Sector Schemes (CSS)

iv.Rs 7.5cr each allocated towards the CM’s White revolution Scheme and Arun Pig Development Scheme

v.A provision of Rs. 30 crore was made to initiate a major project to develop three Model Villages on a pilot basis in the Indo-Tibet China border areas – one each in the Eastern, Central and Western part of the State.

vi.Rs 10 cr allocated for Mukhya mantri neel kranti abhiyan for fisheries sector.

Recent Related News:

i.Government of India (GoI) has sanctioned INR 37.8 Crores for the Developing Parashuram Kund Pilgrimage Site at Lohit district, AR. It is one of the most sacred places in India and is visited by a large number of pilgrims during Makar Sankranti.

ii.Researchers have discovered 2 new species: Hedychium mechukanum and Amomum arunachalense from AR. The Hedychium mechukanum belongs to the Hedychium genus and Amomum arunachalense belongs to the Amomum genus.

About Arunachal Pradesh:
Tiger Project Areas– Namdapha Tiger Reserve, Pakke Tiger Reserve
National Parks– Namdapha National Park, Mouling National Park