Tamil Nadu Deputy Chief Minister O. Panneerselvam presented the State’s Budget for the Financial Year 2019-20 in the Tamil Nadu Assembly on Friday.
Here are the highlights:
Tamil Nadu revenue deficit estimated to be Rs. 14,315 crore in 2019-20, lower than Rs. 19,319 crore in revised budget estimate for 2018-19.
Phasing out of UDAY and pay revision impact, the state government expects to bring down the revenue deficit.
Tamil Nadu fiscal deficit estimated to be Rs. 44,176.36 crore in 2019-20. It will be 2.56% of state GSDP, below the norm of 3% fiscal norm.
Rs. 82,673.22 crore allocated for various welfare schemes in 2019-20.
The stamp duty for transfer of property on account of amalgamation or reconstruction of companies will be fixed at 2% of the market value of the immovable property or 0.6% of the aggregate of the market value of shares, which ever is higher.
Registration fees on such transactions will be fixed at a maximum of Rs. 30,000.
Comprehensive Integrated Parking Management project to be implemented in Chennai at a cost of Rs.2,000 crore to accommodate two lakh four wheelers and two lakh two wheelers.
One Lakh Concrete houses will be built in the areas affected by Cyclone Gaja at a cost of Rs.1,700 Crore.
The Budget proposes an Arts and Science College in the name of former president A .P.J. Abdul Kalam in his home town of Rameswaram.
Rs. 2,681 crore allocated for extension of Chennai Metro Rail project.
3000 scooters will provided for differently-abled persons.
Organic Certification Centres will be set up in all districts to promote Organic Farming
Government proposes to distribute 240 units of Navic, 160 units Isat-2 satelite phones and 160 units of Navtex instruments to 80 clusters of deep sea fishing boats.
Tamil Nadu Government proposes to purchase 2,000 electric buses. It would be introducing 500 electric buses in Chennai, Madurai and Coimbatore .
Rs.5,269 crore has been allocated for producing electricity from effluents.
The state govt has earmarked Rs 25 crore to support NGOs for starting new schools in interior tribal areas for the benefit of tribal students.
The industrial estates in Thirumudivakkam and Alathur will be further expanded to meet the growing demand of land for new MSME units.
The Tamil Nadu government in its budget today has said that it would set up a “CENTRE OF EXCELLENCE” under TNeGA to harness artificial intelligence, big data, machine learning, drones and IoT.
Rs. 12,563.83 crore allocated to Health and Family Welfare Department. An essential diagnostics list guaranteeing a set of diagnostic tests at each level of healthcare will be set up.
Tamil Nadu Health Systems Reforms Programme will be launched with World Bank’s support, to improve the access of poor and the disadvantaged to the government health facilities.
A comprehensive solid waste management project for the Greater Chennai Corporation has been prepared. Remediation and reclamation of Kodungaiyur and Perungudi landfills under PPP mode along with setting up of waste to energy plants is under consideration.
Rs. 55,399.75 crore and Rs. 29,627.11 crore are being provided for salaries and pensions respectively.
The government proposed solar power projects in Theni, Salem and Erode with a capacity of 250MW. Amma Green Gramam, sustainable energy villages with mini rural renewable energy parks will be set up.