What are the Key Announcements Made in Jharkhand Budget?
On March 26, 2023, the Jharkhand government presented its budget for the financial year 2025-26, totaling a massive ₹1.45 lakh crore. The budget, presented by the state’s Finance Minister, Hemant Soren, aimed to promote inclusive growth, provide financial assistance to vulnerable sections of society, and improve infrastructure development. In this blog post, we will delve into the key announcements made in the Jharkhand budget and what they mean for the state’s residents.
Financial Aid for Women through Maiya Samman Yojana
A significant allocation in the budget is ₹13,363.35 crore for the Maiya Samman Yojana, a scheme aimed at providing financial aid to women. The scheme, which was launched in 2022, aims to empower women by providing them with financial assistance for various purposes such as marriage, education, and healthcare. The allocation is a significant increase from the previous year’s allocation of ₹8,000 crore, indicating the government’s commitment to supporting women’s empowerment.
Agriculture Sector Gets a Boost
The agriculture sector is a vital component of Jharkhand’s economy, and the budget has allocated ₹4,587 crore for its development. The allocation is aimed at increasing agricultural productivity, improving irrigation facilities, and providing financial assistance to farmers. The budget also proposes to set up 100 new agricultural markets and modernize existing ones to ensure better price realization for farmers.
Road Construction and Infrastructure Development
The budget has allocated ₹1,200 crore for road construction, which will cover 1,200 km of roads and 10 high-level bridges. The allocation is aimed at improving connectivity between cities and towns, reducing travel time, and enhancing the overall infrastructure of the state. The budget also proposes to set up a new bus rapid transit system (BRTS) in Ranchi and other cities to reduce traffic congestion and improve public transportation.
Establishment of Medical Colleges
The budget includes provisions for the establishment of medical colleges in Ranchi and other cities. The colleges will provide quality medical education and healthcare services to the residents of the state. The budget has allocated ₹500 crore for the establishment of the medical colleges, which is expected to create new job opportunities and improve healthcare services in the state.
Other Key Announcements
The budget also includes several other key announcements, including:
- Allocation of ₹1,000 crore for the development of tribal areas, including the construction of roads, bridges, and other infrastructure.
- Allocation of ₹500 crore for the development of rural areas, including the construction of roads, bridges, and other infrastructure.
- Proposal to set up a new state-owned bank to provide financial services to the state’s residents.
- Allocation of ₹200 crore for the development of the state’s tourism sector.
Conclusion
The Jharkhand budget for 2025-26 is a comprehensive document that aims to promote inclusive growth, provide financial assistance to vulnerable sections of society, and improve infrastructure development. The budget’s key announcements, including the allocation for Maiya Samman Yojana, agriculture sector, road construction, and establishment of medical colleges, are expected to have a positive impact on the state’s residents. As the state looks to the future, the budget provides a roadmap for growth and development, and we can expect to see significant progress in the coming years.
