Discover the key features of the Government of Tamil Nadu Budget 2023-24, covering grants, infrastructure projects, welfare schemes, and financial allocations for various sectors, contributing to the state’s development and progress.
Hon’ble Minister for Finance, Government of Tamil Nadu has presented the Budget Estimates for the year 2023-24 to the Legislative Assembly on 20th March 2023.
Summary of the budget are as follows:
♦ The Government will provide a grant of Rs.5 crores for translate Annal Ambedkar propagate the ideals into Tamil language.
♦ International Conference on Tamil Computing will be held with the participation of renowned experts from across the world.
♦ The Government will extend free bus pass to elderly Tamil scholars benefit to 591 more Tamil scholars.
♦ the Government will sanction Rs.223 crores towards construction of the remaining 3,959 houses for Indian citizenship to Sri Lankan Tamils residing in India.
♦ The Government is implementing the novel Makkalai Thedi Maruthuvam scheme, will be expanded to 711 factories covering 8.35 lakh workers in the first phase.
♦ New speciality hospital buildings are being constructed in three Government medical college hospitals at Madurai, Coimbatore and Kilpauk at a total cost of Rs. 1,020 crores.
♦ The Government had launched “Perasiriyar Anbazhagan School Development Scheme‟ to modernize and upgrade physical infrastructure in the upcoming financial year, the Government will construct classrooms, laboratories and toilets at a cost of Rs. 1,500 crores.
♦ The Government is cognizant of the Higher Education and Skill Development, a scheme upgraded as “Centres of Excellence‟ of 71 Government at a cost of Rs. 2,877 crore and 54 Government polytechnics at a cost of Rs. 2,783 crores.
♦ The Government proposes to establish a world class skill centre named “Tamil Nadu World Innovation and Skill Training Hub” (TN-WISH) at Ambattur at a cost of Rs.120 crores.
♦ Chief Minister’s Breakfast Scheme will be expanded to cover all the 30,122 Government primary schools in the State from the coming academic year. Rs.500 crores is allotted for this scheme in this Budget which will benefit 18 lakh students studying from Class I to Class V.
♦ In the coming financial year, a target of Rs 30,000 crore has been set for credit linkage to women self-help groups
♦ To meet the liabilities of the important poll promises fulfilled by this Government, a sum of Rs. 2,393 crores for the waiver of agricultural loans, a sum of Rs. 1,000 crores for the waiver of jewel loans and a sum of Rs.600 crores for waiving self-help group loans, totalling an amount of Rs. 3,993 crores have been allotted in the Budget
♦ An amount of Rs. 10,500 crores have been provided in this Budget towards Food Subsidy in the Public Distribution System. An allocation of Rs. 16,262 crores have been made to the Co-operation, Food and Consumer Protection Department in this Budget
♦ The fisher folk and has increased the special allowance during lean months to Rs. 6,000 from Rs. 5,000. An allocation of Rs.389 crores has been made to benefit 4.3 lakh beneficiaries
♦ The Government will implement the Tamil Nadu Coastal Restoration Mission. The mission will be implemented with World Bank assistance at an estimated cost of Rs. 2,000 crores in the next 5 years.
♦ world class “Semmozhi Poonga‟ will be set up in Coimbatore in two phases spanning 45 acres at a total cost of Rs.172 crores and the works are expected to commence shortly
♦ An allocation of Rs. 24,476 crores have been made for Municipal Administration and Water Supply Department and an allocation of Rs. 13,969 crores have been made to the Housing and Urban Development Department in the Budget Estimates.
♦ Works of Phase-II of the Chennai Metro Rail Project at a total cost of Rs. 63,246 crores are in progress. A sum of Rs. 10,000 crores have been allotted towards Chennai Metro Rail Project in this Budget.
♦ The Government has decided to implement the Metro Rail project in Coimbatore an estimated cost of Rs. 9,000 crores and Madurai an estimated cost of Rs. 8,500 crores.
♦ Pumped storage hydroelectric projects will be established 15 more projects will be established under the PPP mode with a total capacity of 4,500 MW at an estimated cost of Rs. 77,000 crores by 2030.
♦ An allocation of Rs. 14,063 crores have been provided in the Budget Estimates towards various subsidies provided to TANGEDCO.
♦ The free electricity units have been increased from 200 to 300 units benefitting 76,356 handloom weavers. Similarly, free electricity units have been increased from 750 to 1000 units, benefitting 1.64 lakh powerloom weavers.
♦ Tamil Nadu is the only State which has mandated that all Public Sector Enterprises be registered with the Trade Receivables Discounting System (TReDS) Platform assuring timely bill payment to Micro, Small and Medium Enterprises.
♦ it is proposed to provide free Wi-fi zones in popular public places in the cities of Chennai, Tambaram, Avadi, Coimbatore, Madurai, Tiruchirappalli and Salem.
♦ A seamless software is being created integrating Revenue, Registration, Town and Country Planning and CMDA to allow automatic patta transfer for every plot of an approved layout as soon as the sale is registered.
♦ The Government has decided to revise the guideline value and to reduce the registration fee. Henceforth, for deeds of sale, gift, exchange, 5 per cent stamp duty, 2 per cent transfer duty and 2 per cent registration fee will be applicable. For non-family settlements, 7 per cent stamp duty and 2 per cent registration fee will be applicable.
♦Rs. 1,000 per month will be provided to women heads of eligible households from the upcoming financial year. The scheme will be launched by the Hon’ble Chief Minister on 15th September 2023.
♦ Rs. 2 lakhs investments have been received in Tamil Nadu and 221 MoUs have been signed.
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