Telangana Finance Minister Harish Rao Presents Rs 2.90 Lakh Crore Budget

The Telangana Finance Minister presented a Rs Rs.2,90,396 crores budget with a Revenue Expenditure of Rs.2,11,685 crore while capital expenditure was Rs.37,525 crores. 

Telangana Finance Minister T Harish Rao presenting the budget in the Assembly ( Image Source :ABP Desam )

Telangana Finance Minister T Harish Rao presented the budget in the Assembly on Monday. He commented that Telangana focuses on both development and welfare in the state. The Finance Minister presented an Rs 2,90,396 crores budget with a Revenue Expenditure of Rs 2,11,685 crore while capital expenditure was Rs 37,525 crores. 

Department wise allocations of Funds

Rural Development, Panchayati Raj Department - Rs 31,426 crore

Irrigation Department - Rs 26,885 crore

Power Department - Rs 12,727 crore 

Food and Public Distribution Department - Rs 3,117 crore 

Women and Child Welfare Department - Rs 2,131 crore 

Minority Welfare Department - Rs 2,200 crore

Forest Department, Green Belt - 1,471 Crore 

Education Department - 19,093 Crore 

Medical Health Sector - 12,161 Crore

Panchayat Raj Department - 31,426 Crore 

Municipal Department - 11,372 Crore 

Industry Department - 4,037 Crore

Allocations of Funds for the schemes

Dalit Bandhu-17,700 crores

Aasara Pensions -12,000 crores 

Farmer Loan Waiver - 6,385 crores

Special Development Fund for SCs-36,750 crores

Special Development Fund for STs- 15,233 crores

Shaadi Mubarak/ Kalyanalakshmi- 3,210 crores

Minority Corporation Loans-270 crores

KCR Nutrition Kits- 200 crores

During the session, Harish Rao mentioned that the ‘Telangana model’, which combines a humanitarian approach, constructive thinking, futuristic planning, and transparent administration, is getting accolades both nationally and internationally.

He also mentioned that the average annual GSDP growth rate of the state from 2014–15 to 2019–20 had increased by 13.2 per cent. In the same period, the growth rate of GDP was lower at 10.2 per cent.

Speaking on the power sector, he said, ‘Telangana has created history by recording the highest growth rate of 11.8 percent in per capita income during the period 2017–18 to 2021–22 among the Southern States.’

Harish Rao stated that after the formation of Telangana, restrictions on the distribution of ration rice to the poor were removed for the welfare of the public, and each member of the family is now supplied with 6 kg of ration rice per month. 

(With inputs from ABP Desam — It is a Telugu platform of ABP News. For more news, commentary and latest happenings from two Telugu states, follow https://telugu.abplive.com/)