Mumbai: In the wake of the upcoming assembly elections in the state, the Finance Minister on Tuesday presented the state budget with a revenue deficit of Rs 20,293 crore, which is much higher than last year. The Budget has a provision for revenue expenditure of Rs.3,34,933 crore, while revenue receipts are estimated at Rs 3,14,640 crore. Thus, the income estimate is Rs 20,293 less than the expenditure in the Budget.
This is the kind of new budget
More from our correspondent: "With the hope of providing incentives to all sectors, Mungantiwar has stressed on agriculture, irrigation, infrastructure development. Special emphasis has been laid on women, backward classes, tribals and micro, small and medium enterprises. The Finance Minister has proposed an allocation of Rs 12,000 crore for the irrigation sector, while Rs 350 crore has been provided for micro irrigation facilities.
Farmers also have special places
At the same time, for farmers' loan waiver schemes, the Finance Minister said that about 67 lakh farmers in 18,000 villages in 26 drought-hit districts of the state have been deposited in the bank accounts of 4,461 rupees as grant. The Finance Minister said, a provision of Rs 210 crore has been made under the Gopinath Munde Shetkari Decomposition Insurance Scheme. The insurance scheme will cover 5.50 crore people and cover the entire family.