PUDUCHERRY: Minister of Puduchherry N.
Rangaswamy, who holds a financial portfolio, served a tax-free crore budget Rs 9,924.41 on Thursday.
Resource allocation will be Rs 1,200.44 Crore under the head of capital and RS 8,723.97 Crore under the head of income.
He said taxes on gasoline in PUDUCHERRY and the regions will soon be reduced by 3% for the benefit of the community given the impact of the increase in gasoline prices.
This will reduce the price of gasoline by Rs 2.43 per liter, said Rangasamy.
He said the government would free off education loans disbursed by SC / ST students through Padco.
The government will launch an educational assistance scheme for ST Students to expand free education from class I to the level of college from this fiscal year.
The government will also free off loan plants disbursed by farmers through cooperative banks.
He said the area must mobilize Rs 6190 from the budget of its own resources while it will receive Rs 1,729.77 Crore as a central aid.
The bottom allocation of the centralized sponsored scheme will be Rs 320.23 Crore.
The area must fulfill the remaining allocation of Rs 1,684.41 Crore from open market loans and loans from central financial institutions.
Rangasamy shows that most of the financial resources will be used to meet committed expenditure.
The government will distribute Rs 2,140 Crore (21.56%) for salaries, Rs 1,050 Crore (10.58%) for retirement and RS 1,715 Crore (17.28%) for loan and interest payments and RS 1,591 Crore (16.03% ) For electricity purchases.
Other major expenses include retirement old days and allied welfare steps from RS 1,290 Crore (13%) and grants-in-assistance for public business sector, local agencies, cooperatives, and community-running higher education institutions from RS 1,243 Crore (12.52%).
The total debt of the Puducherry Union area on March 31 this year stood at RS 9,334.78 Crore, which was 22.17% of GSDP (2020-21) both in FRBM norms.
Rangasamy said the average growth rate of GSDP from the Union region was established by around 10% as a national growth average of 7% to 8%.
He said the government had submitted detailed project reports to union human resource development services to obtain approval to establish a national school planning and architecture with an estimated cost of RS 334.3 Crore in the region.
He said the government had also proposed to establish a 500 bed hospital in Gorimedu to treat various epidemic infectious diseases.
Praising the sacrifice of health workers and the forefront of tackling Covid-19, he said, the government had allocated an additional fiscal year 25 crore to overcome the Covid-19 pandemic.
He said, the government will continue the investor conference industry on September 23 and 24 to attract more investments in Puduchers.
“We are a government that listens to voices from people and responds proactively.
I have truly tried in this budget to provide priority for poverty reduction, health, education, housing for poor management, water resources in irrigation, socio-economic development SC / ST, fishermen, women and children despite constraints Income, “he said.