On March 3, 2021, the Finance Minister of Jharkhand, Dr Rameshwar Oraon, presented the state budget worth Rs 91,277 crore for FY2021-22 in the State Assembly at Ranchi. The budget saw an increase over Rs 7,100 crore (almost 11%) as compared to FY21.
- The focus of the budget is to provide employment opportunities in rural areas.
i.Revenue expenditure- Rs 75755.01cr
ii.Capital Expenditure- Rs 15521.99cr
iii.Fiscal deficit- Rs 10,210.87cr which is 2.83% of GSDP (gross state domestic product).
Budgetary Sector-Wise Allocation:
i.General Sector- Rs 26,734.05cr
ii.Social Sector- Rs 33,625.72cr
iii.Economic Sector- Rs 30,917.23cr
i.An allocation of Rs 18653cr was made for rural Development, agriculture, animal husbandry and water resources.
ii.A provision of Rs 1200 cr was for waiving off farmers’ loans.
iii.A maximum allocation of 14.52% was made for the Education department followed by 14.16% to Rural Development and 8.55% to Health and Family Welfare.
iv.A honorarium of MNREGA (Mahatma Gandhi Employment Guarantee Act) workers has been increased and fixed at Rs 225.
v.A provision has also been made for better education for the Scheduled Tribes (STs) and Scheduled Caste (SC) students of the state by opening of a new State Tribal University.
Recent Related News:
i.On December 31, 2020 Jharkhand has launched the state’s own crop relief scheme ‘Kisan Fasal Rahat Yojana’ to replace Government of India’s crop insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY).
ii.In November 2020, Jharkhand Assembly unanimously passed a resolution on ‘Sarna Code’ during a special one-day assembly session on November 11, 2020. The resolution seeks inclusion of Sarna as a separate religion in the 2021 census.
Governor– Draupadi Murmu
Chief Minister– Hemant Soren