Thread by @NairShilpa1308

Thread: Tamil Nadu Deputy Chief Minister OPS, who also handles the finance portfolio, starts presenting the interim state budget for 2021-22 at Kalaivanar Arangam, Chennai.

#Budget #TamilNadu #Elections2021

Key pointers from the TN interim budget:

-TN govt has incurred a total expenditure of Rs13,352.85 crores for handling Covid19 pandemic.

-Out of the 413 recommendations given by economic expert committee, govt has implemented 273 of them.

- TN is expected to register a positive growth of 2.02% at 2011-12 constant prices in 2020-2021. This is against an all India negative growth of 7.7 percent.

- In addition to Harvard and Houston university, the govt will provide assistance to establish a Tamil chair in Toronto university in Canada.

- The budgetary allocation for 8 social security schemes increased from Rs 1083.78 crore to Rs 4316.43 crore.

- Total amount of Rs 11,943.85 crore has been spent from SDRF in 2020-2021.

- Budgetary allocation for police department stepped up from Rs 3513.15 crore (2011-12) to Rs 9567.93 crore.

- Continued focus on road safety brought down the number of road accidents from 17,218 in 2016 to 8060 in 2020.

- A provision of Rs 5000 crore has been made in the interim budget estimate for the crop waiver loan scheme.

- Provision for food subsidy increased from Rs 6500 crore to Rs 9604.27 crore.

- Government is fully committed to protect that Pallikaranai marsh land which is one of the recognised wet land of TN.

- In the light of recent flooding episodes, a project in collaboration with PWD, highways and Chennai Corp to clear and train waterways feeding into and out of Pallikaranai marsh and to restore the absorptive capacity will be undertaken at the tentative cost of 816.80 cr.

- In the interim budget estimate, a sum of Rs 5141.60 crore has been provided for devolution for urban local bodies and Rs 6754.30 crore to rural local bodies.

- Rs 22,218.58 crore has been allocated for rural development sector.

- The govt is formulating an urban wage employment program and the detailed guidelines are being finalised through discussion with stake holders.

- Rs 2350 crore has been provided for smart city mission and Rs1450 crore for AMRUT.

- TN govt urges central govtt to release all the performance grants due to TN based on the 14th finance commission recommendation without further delay.

- TN urges Centre not to use the 15th finance commission recommended grants to substitute their share of funding for central sector and centrally sponsored schemes.

-TN strongly urges GOI to merge all cesses and surcharges with basic rate of taxes and ensure that the state receive their legitimate share of revenue.

- The Chennai city partnership program will be implemented in three phases over seven years. The first phase of the programme will be implemented with an outlay of Rs 3140 crore of which the world bank assistance will be USD 300 million.

- In the interim budget estimates 18750.96 crore has been provided for the highways department*

- Over the next few years 12,000 buses will be procured, of which 2000 will be electric buses under the global C-40 clean bus declaration.

- The detailed feasibility report for establishing a metro rail in Coimbatore with 44km in the first phase at a cost of Rs 6683 crore has been prepared and is under examination.

- A sum of 8834.68 crore has been provided for subsidy payment to TANGEDCO.

- To fund the losses incurred by TANGEDCO, as per the UDAY commitments, a provision of 7217.40 crore has been made in the interim budget estimates.

- Largest allocation of Rs 34,181.73 crore has been made for school education in the budget estimates.

- Amount of Rs 3703.35 crore provided for continuance of schemes such as providing nutrition meal, text books, laptops, uniform, school bags, free bus pass scheme etc.

- Computer science subject will be introduced to class 6-10 in all government high and higher secondary schools. Earlier it was only for 11 and 12 students.

- A sum of Rs 5478.19 crore has been provided in interim budget for higher education.

- Allocation of Rs144 crore has been made for Amma mini clinics.

- With sanction and construction of 11 new medical colleges at a cost of Rs 3995 crores, additional 1650 MBBS seats are expected to be available in 2021-22 academic year.

- The provision for health and family welfare department has been stepped up from Rs 15,863.37 crore in 2020-21 to 18,458.27 crore in revised estimate and now allocation has been further stepped up to Rs 19, 420.54 crore.

- Out of 304 MOUs signed during global investors meet in 2019, so far 81 projects have commenced commercial production and 191 projects are at various stages of implementation, accounting for a very high 89 percent project implementation.

- In the interim budget a sum of Rs 1953.98 crore has been allocated for Dr MGR noon meal scheme. The budget has also allocated Rs 2634 crore for ICDS.

Rs13967.58 crore has been provided for Scheduled Caste special component plan and 1276.24 crore for the tribal sub plan.

- More than 7.40 lakh students belonging to backward classes,most backward classes and denotified communities are receiving education scholarships.

- During 2020-21,Rs 110 crore is being dispersed as scholarships for benefit of students from minority communities.

- The govt has launched a drive to fill vacancies identified for the differently abled. 1510 differently abled people have been recruited.

- The government has prepared a special project - RIGHTS - with a total outlay of Rs 1700 crore to enable integrated approach to the prevention and management of Disabalities and to ensure greater inclusion accessibility and opportunities for the differently abled.

- The total revenue deficit in
2020-21 is estimated to rise to Rs 65,994.06 compared to Rs 21,617.64 crore in the budget estimate 2020-21.

- The fiscal deficit in revised estimates 2020-21 is expected to widen to Rs 96,889.97 crore which is 4.99% of GSDP.

- The overall debt outstanding as on 31st March 2021 is estimated to be Rs 4,85,502.54 crore and as of 31st March 2022, it is estimated to be Rs 5,70,189.29 crore.

- TN’s GSDP has been projected at 2.02 percent for 2020-21 at constant prices.