The focus of the budget is expected to be on infrastructure development, youth, women, and farmers’ welfare. Sources suggest that the budget size is likely to increase by 8-10%, reaching approximately Rs 8 lakh crore.
Here are the key highlights of UP budget 2024:
UP Budget 2024 Highlights: Sugar cane MSP increased
➤ Sugarcane MSP has been increased by the state.
➤ Rs 2.33 lakh crore disbursed to Sugarcane farmers
➤ Famers received Rs 63,000 crore under Kiasn Samaan from the government
UP Budget 2024 Highlights: FM Khanna starts Budget speech with lines from Ramayan
➤ FM starts the speech quoting Ramayan
UP Budget 2024 Highlights: We are no more a Bimaru State
➤ There is Ram Rajya in Uttar Pradesh, we are no more a Bimaru state.
➤ Organized crime has been eliminated in the state. The unemployment rate in the state is 2.4 percent.
➤ The state has received investment proposal worth Rs 40 lakh crore in Investors Summit
➤ UP is fast progressing towards development
➤ 96 lakh MSME units are running in the state
➤ 22 lakh beneficieries for MSME schemes
Khanna also highlighted that the state is expected to receive around Rs 2,18,816 crore from the Central taxes, according to the interim budget presented by Union Finance Minister Nirmala Sitharaman on February 1. In the previous year, the Yogi government had presented a budget of Rs 6.9 lakh crore for 2023-2024, along with a supplementary budget of Rs 28,760.67 crore, which included funding for various development projects in Ayodhya.
While the budget for 2023-2024 exceeded Rs 7 lakh crore after including the supplementary budget, this year’s budget is expected to approach the Rs 8 lakh crore mark without any additional demands. Observers anticipate the possibility of some incentives in light of the upcoming Lok Sabha elections.
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