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Tarun Bhanot

Bhopal: Madhya Pradesh Finance Minister Tarun Bhanot on Wednesday 10 July 2019 presented a Rs. 214085.02 crore budget with a revenue surplus of Rs. 732.63 crore for the financial year 2019-20.

This poster by state Congress unit General Secretary Ravi Saxena congratulating Chief Minister Kamal Nath for a “popular and people centric” budget has gone viral on social media

The salient features of the budget estimates of 2019-20 are:

• Total expenditure of Rs. 214085.02 crore for the year 2019-20 and appropriation of
  Rs.233605.89 crore.
• Revenue surplus of Rs. 732.63 crore for the year 2019-20.
• Fiscal Deficit estimated at 3.34 percent of GSDP.
• Total Revenue Receipts for the year 2019-20 are estimated to be Rs. 179353.75 crore.
  Components of the Revenue Receipts are Rs. 65273.74 crore as State’s Own Tax
  Revenue; Rs. 63750.81 crore as share in Central Taxes; Rs. 13968.27 crore as State’s
  Own Non-Tax Revenue and Rs. 36360.93 crore of Central Grants.
• State’s Own Tax Revenue estimates are 23.69 percent higher as compared to RE
  2018-19.
• Revenue Expenditure of Rs. 178621.12 crore is estimated for the year 2019-20 which is
  18.27 percent more than Rs. 151022.46 crore for the year RE 2018-19.
• Capital expenditure for the year 2019-20 is estimated to be Rs. 35463.90 crore as
  against Rs. 29256.78 crore for the year 2018-19. Thus, an increase of 21.22 percent.
• Capital expenditure is 3.68 percent of GSDP
• Revenue Surplus estimated at 0.08 percent of GSDP.
• Interest payments estimated at 8.05 percent of Revenue Receipts.

• Main Attractions
  Increase in appropriation by 20 percent.
• Increase in Capital Expenditure by 21 percent.
• Budget of Farmer Welfare and Agriculture Development Department has increased by
  66 percent.
• Provision of Rs. 8,000 crore for ‘Jai Kissan Fasal Rin Mafi Yojana.
• Provision of Rs. 7,117 crore for Indira Kisaan Jyoti Yojana and agricultural pumps.
  Provision of Rs. 1,600 crore for Wheat bonus at rate of Rs. 160.
• New scheme ‘Mukhyamantri Bagwani evam khadya Prasanskaran’ launched with the
  provision of Rs. 100 crore.
• Provision for Rs. 1,000 crore for share capital to Cooperative Bank.
• Budget for Social Justice Department is Rs. 2891 crore, which is an increase of 43
  percent on account of pension and increase in provision of CM Kanya Vivah Nikaah
  Yojana.
• Rs. 330 crore provision for Youth Swabhiman Yojana for different departments.
• Legal provision for ensuring that 70 percent of total employment is provided to
  domicile of MP will be taken up.
• For better management of government land, constitution of Land Management
  Authority is proposed.
• Nadi Punarjeevan Abhiyan for conservation of water in 40 rivers of 36 districts.
• Provision of Rs. 1000 crore for right to water.
• Health Sector expenditure hike by 32 percent.
• Sushen Sanjivini Yojana for better health services
• Right to health
• Construction of satellite towns, industrial area and dry port on Bhopal-Indore
  expressway.
• Rs. 33,467 crore for Tribal Sub-Schemes.
• Aashthaan Yojana for reservation of culture of tribals.
• Loan waiver up to Rs. 1 lakh on loans given by Scheduled Tribe Finance Corporation.
• Rs. 22,793 crore for Scheduled Cast Sub-Schemes.
• Special financial arrangement for road construction and irrigation

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Newsroom24x7.com is edited by Lalit Shastri. He is is an Indian journalist, columnist, wildlife film maker, birder, and environmentalist. He is a former Principal Correspondent of The Hindu and a Special Correspondent of The Asian Age - two of India's leading English newspapers. He quit a corporate job to investigate the causes leading to the 1984 Bhopal gas disaster and subsequently became a full-time journalist. He has extensively covered from ground zero for The Hindu, the riots that followed the demolition of the Babri Mosque in Ayodhya and repeated attacks by Naxalite-Maoists in the Central Indian States of Chhattisgarh and Madhya Pradesh. View all posts by Newsroom24x7 Network