Harman Patil (Editor)

Uttar Pradesh Budget 2016 17

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Akhilesh Yadav, the Chief Minister of Uttar Pradesh announced the Uttar Pradesh Budget for 2016-17 on 12 February 2016. According to the Budget, the year 2016-17 has been announced to be the Year of the Youth and the Farmers. It was presented in Vidhan Sabha, Lucknow before the Governor and joint session of the two Houses. The ₹3.46 lakh crore (US$51 billion) Budget 2016-17 is the largest budget ever proposed and is 14% more than last years.

Contents

Key Points

  • Total Budget: ₹3.46 lakh crore (US$51 billion)
  • Revenue Expenditure: ₹2.53 lakh crore (US$38 billion)
  • Capital Expenditure: Rs. 93, 580 Crore
  • Fiscal Deficit: Rs. 49,960 crore, which is 4.04% of the state's Gross Domestic Product

    • Agriculture

    Agriculture has been one of the main focuses of the UP Budget 2016-17.

  • Provision of Rs. 1,336 crore for payment of cane price arrear to farmers.
  • Provision of Rs. 120 crore for constructing and strengthening of link roads to facilitate transportation.
  • Money obtained in Farmer Accident Insurance Scheme to increase from Rs. 1 lakh to Rs. 5 lakh.

    • Irrigation

  • Target to distribute crop loan of Rs. 93,212 crore for purchase of fertilizers, seeds, etc.
  • Rs. 2,157 crore proposed for Sarayu Canal Project in Eastern UP to enable irrigation in 14 lakh hectares of area.
  • Rs. 1,52 crore for irrigation schemes of the new programs has been proposed.

    • Social Security

  • A target of covering 55 lakh beneficiaries under Samajwadi Pension Yojna for the year 2016-17 has been set. Rs. 3,327 crore has been proposed for the same.
  • Rs. 500 crore proposed for National Family Benefit Scheme.
  • Farmer Accident Insurance Scheme replaced with Samajwadi Insurance Scheme.

    • References

    Uttar Pradesh Budget 2016-17 Wikipedia
    (Text) CC BY-SA