Finance minister Jayant Malaiya proposed the Madhya Pradesh state budget in legislative assembly in Bhopal on Friday. The budget estimates for 1.58 lakh crores.
Flash points
- Total revenue receipts of the year 2016-17 estimates to be 14 crores which includes 46500 crores as State’s own tax revenue, 43676.36 crores as share from Central taxes,11481.63 crores as Non-tax revenue and 24437.15 crores from Central Grants
- Revenue expenditure for the year is estimated to be 33 crores in which Plan expenditure amounts to 74401.69 crores, Tribal sub plan amounts to 16500 crores and Scheduled caste sub plan accounts for 11781.53 crores
Major Schemes
- Inter-caste marriage promotion scheme– To promote inter-caste marriages monetary incentive is increased from 50000 rupees to 2 lakh rupees. This scheme aims at eliminating untouchability
- ‘e-shakti’ campaign – It aims at training 3 lakh rural women to use Internet
- The budget also proposes a increase in VAT on plastic products
- Usha Kiran Kendra– It will be set to in every district of the state with an aim of empowering women. It will be established on the lines of One Stop Crisis Centers. These centers will provide legal and economic help to victims of domestic violence
- Ladli Laxmi Yojana – 903 crore rupees was allotted for the scheme, under which more than 21 lakh girls have been benefitted till date
- An entry tax of 6% for the goods purchased online is to be levied as e-commerce results in loss of revenues
Points to note
- Fiscal Deficit estimated at 49 percent of GSDP
- Revenue Surplus estimated at 49 percent of GSDP
- Fiscal Deficit for the year 2016-17 is estimated to be 64 crore rupees
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