Punjab Budget 2021 Highlights: FM Manpreet Singh Badal unveils govt’s last Budget

Punjab Budget 2021 Presentation Highlights: What's new?

Punjab Budget 2021 Presentation Highlights and Updates: Punjab Finance Minister Manpreet Singh Badal unveiled the state government’s last Budget on Monday.

It comes at a time when the state’s per capita social sector spending is the fourth-lowest among major states. Captain Amarinder Singh, ahead of the Punjab budget 2021 presentation, chaired a cabinet meeting.

Punjab budget 2021 presentation today, focus likely on agriculture sector

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Punjab Budget 2021 Presentation Highlights and Updates:

  • Budget size – Rs 1,38,015 crore
  • The state’s debt has increased to Rs 2,73,730 crore, with the debt to GSDP ratio of Rs 45.05 crore.
  • Sixth pay commission for government employees to be implemented from July 1, 2021.

  • Eight new maternal and child health wings will be set up in subdivisional hospitals at Talwandi Sabo, Nabha, Patti, Dera Bassi Muktsar, Gurdaspur, Bhawanigarh, and Raikot.
  • Rs 92 crore has been allocated for up-gradation of the Government Medical College, Patiala.

Punjab Budget 2021 Presentation Today: Punjab FM Manpreet Singh Badal will be presenting his budgetary proposals for the financial year 2021.

  • Two new medical colleges and hospitals announced.
  • The colleges will be established at Kapurthala and Hoshiarpur, which involves an expenditure of Rs 650 crore.
  • A unit of Tata Memorial Hospital to be completed at Mullanpur with Rs 450 crore.
  • Virology centers will be established at the Government Medical College, Amritsar, and the National Institute of Virology at Mohali.
  • Women will travel for free in all government buses, announced FM Manpreet Singh Badal.
  • All students studying in government colleges will be allowed free travel in government-run buses.
  • The Punjab government will increase the allocation under The Aashirwad scheme from Rs 21,000 to Rs 51,000.
  • The old-age pension has been increased to Rs 1500.
  • Rs 100 crore worth museum on Baba Sahib Ambedkar to be established in Kapurthala.
  • FM Manpreet Singh Badal proposed Rs 150 crore for the Punjab Innovation fund that would invest in early-stage start-ups.
  • The government’s participation in the fund will be a maximum of 10 percent of the corpus.
  • Punjab govt to waive farm loans worth Rs 1,186 crore of 1.13 lakh farmers and Rs 526 crore of landless farmers in 2021-22.
  • Rs 7,180 crore to go as a free power subsidy for farmers.
  • New scheme for monitoring water quality for arsenic-affected villages. 
  • 2 technical colleges to be converted into universities.
    Punjab Budget 2021 Presentation Today: Punjab FM Manpreet Singh Badal will be presenting his budgetary proposals for the financial year 2021.
  • Freedom fighter pension to be increased from Rs 7,500 to Rs 9,500. 
  • 15th Finance Commission presented Punjab’s case well and increased devolution by 0.23 percent. This will translate Rs 1500 crore additional devolutions in 2021. 
  • Punjab Sahit Ratan award money increased from Rs 10 lakh to Rs 20 lakh. Pension of Punjabi writers increased from Rs 5,000 to Rs 15,000.
  • The government proposed to extend the GST incentives to October 17, 2022, to attract investment.
  • New umbrella programme — ‘Kamyaab Kisan Khushaal Punjab’ launched. Rs 3,780 crore to be spent in the next 3 years while Rs 1,104 crore allocated for 2021-22.
  • A Centre of excellence for vegetables to be established at Fazilka.
  • A post-graduate institute of horticulture research to be set up in Amritsar.
  • Mobile vending carts to be provided to farmers.
  • Agri schemes to reduce the risk of horticulture farmers and crop diversification. To reduce the risk of horticulture farmers, 2 schemes have been announced for fixing a base price for horticulture crops and the payment of deficiency price as compensation.
  •  Agricultural Marketing Innovation Research and Intelligence Centre to be set up at Mohali.
  • Rs 200 crore set for crop diversification.
  • Agriculture Development Bureaus to be established in each and every district.
  • Special focus on horticulture as Rs 361 crore has been allocated for 2021-22.
  • 250 schools to be upgraded
  • Rs 100 cr for smartphones for class 12 students 
  • Rs 140 crore allocated for digital education; Rs 100 crore allocated for smartphones to students of class 12; Fitness parks to be established in all government schools and playgrounds.
  • Rs 100 crore announced for up-gradation of Government Colleges; Rs 1064 crore allocated for GNDU, Punjabi University, PAU, Rajiv Gandhi National Law University.
  • 29 new schemes for canal systems; Rs 897 crore proposed for the same.
  • Punjab Sugarcane Research Development Institute to be set up in Kalanaur; Gurdaspur and Batala sugar mills to be enhanced; while Rs 300 crore to be set aside for buying sugarcane.
  • Subsidised electricity to industry. Finance Minister allocates Rs 1,928 crore for subsidised electricity. OTS policy proposed for interest-free loan defaulters (industry) provided they fulfil certain conditions.
  • Rs 90 crore for debt of Punjabi University; Post Matric Scholarship scheme
  • Vacancies to be filled in state government jobs, 48,989 posts in the government to be filled in the first phase, against 1 lakh vacancies.
  • Seven hostels to be established for working women in Jalandhar, Ludhiana, Patiala, Mohali, Mansa and Bathinda.
  • The Budget for social sector expenditure increased from Rs 2,320 crore to Rs 4,000 crore.
  •  Rs 1,513 crore proposed for power subsidy to domestic consumers.
  • Rs 1,600 crore set aside for Smart Cities mission.

    This was highlights of Punjab Budget 2021.

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-PTC News