Highlights of TN Budget 2022-23, Tamil Nadu Budget Announcement

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Tamil Nadu Budget 2022 live updates today:

In August 2021, Finance Minister Palanivel Thiaga Rajan unveiled a budget with several generous announcements including one to reduce the effective petrol tax rate by Rs 3 per litre. The decision would result in a loss of revenue of Rs 1,160 crore per year, Thiaga Rajan said. The revised budget for 2021-22, he said, delivered on the DMK’s key election promises. One of these was the monthly cash grant of Rs. 1,000 for women.

Thiaga Rajan said the state government will soon identify eligible families. Potential recipients are not required to change the name of the head of household on the ration cards to receive the benefit. The minister increased the food subsidy to over Rs 8,000 crore, announced a chief minister’s insurance scheme at a cost of Rs 1,046 crore and gave Rs 703 crore as subsidy for free bus travel for women. There have also been a number of “green announcements”.

The budget document promises a ‘green fund’ based on a green seigniorage tax to ensure the securing and restoration of abandoned quarry sites, the ‘Singara Chennai 2.0’ plan and a ‘Tamil Nadu Green Mission’ to increase green coverage in the state. to 33% of its geographical area. The finance minister has also set aside Rs 100 crore to help restore around 100 wetlands. For rural areas, the budget document announced a guarantee of 25 crore man-days of work from MNREGA and allocated Rs 3,800 crore for rural housing this year. The broader goal is to build homes for eight million homeless families over the next five years, he said. It has also allocated Rs 48.48 crore for upgrading Anganwadi centres.

For the first time in the history of the Tamil Nadu Legislative Assembly, an exclusive budget for agriculture was presented today by the Minister of Agriculture and Farmers Welfare of Tamil Nadu, Mr. RK Pannerselvam . The Stalin-led government in its first budget allocated Rs 34,220.65 crore for agriculture and related sectors including horticulture, animal husbandry, fisheries, revenue, Tamil University of Agriculture Nadu, agricultural engineering, rural development and the Panchayat Raj. In the previous budget, the then ruling AIADMK government allocated Rs 11,894.48 for these sectors.

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