Telangana Budget Proposes Insurance Cover, Support Scheme For Farmers

Hyderabad:  The Telangana government now proposed a Rs 1,74,453.84 crore spending plan for 2018-19 with big focus on agriculture as it unveiled a Rs 8,000 for every acre expense support scheme and a Rs 5 lakh coverage deal with for farmers. Irrigation and welfare are the other thrust parts of the spending plan.

“The believed complete expenditure in 2018-19 is Rs 1,74,453.84 crore. Of this, profits expenditure is Rs 1,25,454.70 crore and money expenditure is Rs 33,369.10 crore,” condition Finance Minister E Rajender claimed in his spending plan speech.

The condition profits is envisioned to touch Rs 73,751 crore in the present-day economical calendar year, he claimed.

Agriculture got considerable allocations in the spending plan.

The spending plan proposed an sum of Rs 12,000 crore for the Financial investment Assist Scheme to enable farmers. An expense support of Rs 4,000 for every acre for every crop for two crops would be delivered to farmers from 2018-19 onwards below the scheme.

The minister claimed farmers would be coated with a lifestyle coverage deal with of Rs 5 lakh below a new Farmer Group Coverage Scheme. An sum of Rs 500 crore is proposed in the spending plan for the scheme.

The spending plan allocated Rs 522 crore for marketing of farm mechanisation, Rs 127 crore for marketing of micro-irrigation, Rs 120 crore to polyhouse and greenhouse cultivation.

An sum of Rs 15,788 crore has been proposed for agriculture and marketing and advertising sectors.

In a reflection of the precedence presented to irrigation in the spending plan, an sum of Rs 25,000 crore has been allocated to the sector.

Welfare of several sections, including SCs, STs, backward courses, senior citizens has also got big allocations in the spending plan.

The government is paying Rs 5,300 crore for every calendar year on social safety pensions to the aged, widows, toddy tappers, and weavers, among some others (41,78,291 people).

The spending plan proposed an sum of Rs 1,450 crore to ‘Kalyana Lakshmi’ and ‘Shaadi Mubarak’ techniques (economical assistance to girls for relationship).

The government allocated Rs 16,453 crore to SC Specific Progress Fund (SDF) and Rs 9,693 crore to ST SDF in 2018-19.

For the Scheduled Caste Progress office, an sum of Rs 12,709 crore has been proposed. For Tribal Welfare office, an sum of Rs 8,063 crore has been proposed in the spending plan.

For welfare of backward courses, Rs 5,920 crore has been delivered and Rs 2,000 crore proposed for welfare of minorities.

An sum of Rs 7,375 crore has been allocated to the medical and well being sector.

For building of double bed room homes for weak, a big election promise of the ruling TRS, Rs 2,643 crore has been allocated. Resources to the scheme are also delivered by means of off-spending plan borrowings.

The spending plan proposed Rs 15,563 crore for Panchayati Raj and Rural Progress office and Rs 5,575 crore for Roads and Properties.

Municipal Administration got Rs 7,251 crore and ability sector has been presented Rs 5,650 crore when Rs 10,830 crore has been allocated for Faculty Education and learning.

Through the present-day calendar year 2017-18, the economy of Telangana is believed to develop at 10.4 for every cent in serious terms as in contrast with the nationwide GDP expansion of 6.6 for every cent, the Finance Minister claimed.

Expansion in producing and agriculture sectors is promising, he claimed.

Advance estimates put the expansion of producing sector at 7.6 for every cent in 2017-18. The expansion of agriculture and allied sectors is believed to achieve 6.9 for every cent in 2017-18, the minister claimed.

“Overall, GSDP at present-day selling prices which was Rs 6,41,985 crore last calendar year (2016-17) is believed to maximize to Rs 7,32,657 crore in 2017-18, recording a expansion of 14.1 for every cent,” he claimed.

The for every capita earnings of the condition at present-day selling prices is believed to maximize by 13.4 for every cent to Rs 1,75,534 in 2017-18 from Rs 1,54,734 in 2016-17.

“This is noticeably increased than the nationwide expansion of 8.6 for every cent,” he claimed.

As for every the Revised Estimates, the complete expenditure in 2017-18 is believed at Rs 1,42,506 crore. Of this, profits expenditure is Rs 1,06,603 crore, when money expenditure is Rs 25,447 crore, he claimed.

Lauding the spending plan, Main Minister K Chandrasekhar Rao claimed it is incredibly well balanced in generating allocations to several sectors.

Supply url