Punjab Finance Minister (FM) Manpreet Singh Badal presented the State Budget for Financial Year (FY) 2021-22 with an outlay of INR 1, 68, 015 Crore.
Fiscal Indicators (Budget Estimates 2021-22)
- Revenue Receipts – INR 95,257.60 Crores
- Capital Receipts – INR 67,341.09 Crores
- Revenue Expenditure – INR 103879.91 Crores
- Fiscal Deficit – INR 24239.68 Crores
Sector Wise Allocations
- Social Services – INR 19,640.82 Crores (62%)
- Agriculture & Allied Activities – INR 4,777.79 Crores (15%)
- Rural Development – INR 2,205.22 Crores (6.98%)
Crop Loan Waiver
- Debts worth INR 1,186 Crore will be waived for around 1.13 Lakh Small & Marginal Farmers.
- Debts worth INR 526 Crore are set to be waived for Landless farmers in 2021-22.
- Old Age Pension has been raised from INR 750 per month to INR 1, 500 per month.
- Free Power for Agriculture pump sets in 2021-22 at a cost of INR 7, 180 Crore.
- INR 100 Crore to be spent on Babasaheb Ambedkar Museum which will be set up in Kapurthala.
- INR 1600 Crore has been allocated for Smart Cities Mission. The Government of India has already selected Ludhiana, Amritsar & Jalandhar under the Smart Cities Mission.
- Sultanpur Lodhi has been included in the smart cities mission as a special case.
- INR 1, 400 Crore has been proposed under Atal Mission for Rejuvenation & Urban Transformation (AMRUT) & INR 114 Crore for Swachh Bharat Mission (Urban).
The Allotment for Shagun scheme (also known as Aashirwad Scheme) has been increased from INR 21, 000 to INR 51, 000.
- It is a scheme for providing financial assistance to a girl’s marriage.
- INR 3, 744 Crore allocated for the creation of rural infrastructure & rural livelihood.
- INR 400 Crore for MGNREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme)
‘Kamyaab Kisan, Khushaal Punjab (K3P)’
- A New Scheme which aims to improve the income of farmers. INR 3, 780 Crores have been allocated under this scheme for the next 3 years, and an outlay of INR 1, 104 crores has been set aside for 2021-22.
- INR 135 Crore allocated for Defence welfare & INR 64 Crore for guardians of governance scheme.
Governor – V P Singh Badnore
Capital – Chandigarh