© Heynortheast Media Private Limited
Arunachal FM presents budget for 2019-20 fiscal
Arunachal Pradesh Deputy Chief Minister Chowna Mein, who also holds the finance portfolio, presented the maiden budget of the Pema Khandu-led BJP government in the state on the first day of three-day assembly session on July 8.
Presenting the Rs 520.98 crore deficit budget for the 2019-20 fiscal, the deputy chief minister said the revenue receipts of Rs 20857.92 crore and capital receipts of Rs 1535.53 crore has been projected making the total receipts of Rs 22393.45 crore as against the total receipts of Rs 21301.83 crore in revised estimates of 2018-19.
State share of central taxes has been pegged at a level of Rs 11,571 crore as per the union budget 2019-20 and the projected state’s own tax revenue at a level of Rs 1440 crore. The non-tax revenue projection for 2019-20 has been pegged at Rs 1050 crore.
Highlighting the state government’s achievements in last two and half years of its first stint under the leadership of chief minister Pema Khandu, Mein said several innovative policy and governance reforms have been undertaken for ensuring transparency, increasing overall efficiency, removing red-tapeism and corrupt practices in the functioning of all the departments of the government.
“Now our government aspires to become the ‘most developed’ and ‘happiest state’ in India,” he said, adding “One of the most striking features of this year’s budget is alignment of our schemes with sustainable development goals (SDGs).
Stating that economy of the frontier state is primarily based on agriculture and allied activities, Mein said, state government is working on a mission mode to achieve the vision of prime minister Narendra Modi for doubling farmers’ income by 2022.
Revamping agriculture and allied sector is a key to achieve food security, improved nutrition and promote sustainable livelihood in our state, he added.
Proposing to expand the coverage of the chief minister’s Sashakt Kisan Yojana to include various horticulture crops, the FM said a fund provision of Rs 95.70 crore is proposed to be allocated for the said scheme.
The Budget also proposed to set up Research and Development (R&D) Center for kiwi at Ziro in Lower Subansiri district and R&D Center for orange at Roing in Lower Dibang valley district allocating Rs 2 crore each.