The fiscal deficit is likely to touch Rs 7.821 crore in the coming year. With revenue receipts estimated at Rs 30,400 crore and expenditure pegged at Rs 33,568 crore, there will be a revenue deficit of Rs 3,168 crore.
Of every Rs 100 spent on development, Rs 60.44 will be spent on liabilities, such as salaries, pensions, loan and repaying interest, leaving a mere Rs 39.56 for development works. The state’s projected growth rate is 6.3 per cent and the Annual Plan size Rs 6,300 crore.
“The challenges are too many, considering that we are left with a mere Rs 40 out of every Rs 100 for development works after meeting committed liabilities. So the thrust will be on resource mobilisation through mining, hydro-power and tourism,” the CM said.
With growing unemployment an area of concern, two schemes have been introduced for the more than eight lakh unemployed youth in the 18- 35 age group — the Mukhya Mantri Swavalamban Yojna and the Rs 75 crore Mukhya Mantri Yuva Ajivika Yojna.
The Budget has several new schemes for enhancing area under irrigation and for crop diversification through floriculture and bee-keeping. Several subsidies have been announced for farmers to help them access technology in order to enhance productivity.
Highlights
*Two schemes ‘Mukhya Mantri Grahni Suvidha Yojna of Rs 12 crores and 'Mukhya Mantri Lok Bhawan Yojna' of Rs 12 crores lunched.
*To provide 100 per cent LPG connections and construction of Lok Bhawan in every Assembly segment
*At present the LPG coverage is 92 per cent in the state.
*Launches initiatives for organic farming and new horticulture practices
*Mela to be organised before commencement of Kharif and Rabi seasons to impart knowledge to farmers
*Subsidy raised for green house from 50 to 75 per cent
*Anti-hail net subsidy increased from Rs 2 cr to Rs 10 cr
*60 per cent subsidy for installation of anti-hail guns
*85 per cent subsidy for solar fencing to keep stray animals away from crops
All districts to be included under crop insurance schemes.
*New mandi's to be opened for agriculturists, outlay of Rs 150 cr proposed for the same
*‘Mukhya Mantri Madhu Sudhar Yojna’ with at outlay of Rs 10 cr
*15 per cent of the income of temples from offerings to be used for renovation of old gausadans and construction of new
*Stray cattle management: Best panchayat to be awarded Rs 10 lakh
*Announces Rs 120 days guaranteed employment in rural areas
*History of panchayats and contribution of known personalities to be highlighted in panchayats
*Vigyan Gyan to be established, to start with one panchayat would be selected in Mandi, Sirmaur, Kullu, shimla and Chamba district
*Rs 190 crores first installment has been received for Dharamshala smart city project from the Centre
*Outlay of Rs 651 cr and Rs 487 cr proposed for forest and urban development respectively for 2018-19
*Outlay of Rs 2,572 crores proposed for irrigation and public health
*CM proposes amendment in rules for leasing out land to entrepreneurs. This would help in creation of employment avenues.
*Subsidised electricity to already existing units for five years at the rate RS 4.5 per unit, exemption from electricity duty for new projects.
*Hydro power policy to be amended
*Proposes Rs 100 crores for creation of tourist circuit with a focus on religious tourism circuit
*'Yuva Ajivika Yojna' for youths in the age group of 18 -35 years, government to give 5 per cent subsidy on loan
*Skill development allowance to continue, CM proposes an outlay of Rs 100 crores for the same
*1,500 new bus permits for unemployed youth
*Consultants for all national highways to be appointed by March end.
*Proposes an outlay of Rs 2,500 for Public Works Department
*Rs 50 cr for treatment of 697 black spots on roads in the state, move aimed at reducing accidents.
*As many as 1,000 Eklavya schools to be opened in the state for bringing quality in education
* Rs 25 crores for Mukhya Mantri Adarsh Vidya Yojna under which Adarsh residential schools to be opened in places where No Navodya and Eklavya schools are .
*Proposes Rs 25 crores for the same
*Proposes an outlay of Rs 7,044 cr for education
*Proposes an outlay of RS 229 cr for technical education
*Outlay of Rs 587 proposed for Tribal development
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