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e-budget - Tamil Nadu
August 16 , 2021
1198 days
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- Finance Minister P.T.R. Palanivel Thiaga Rajan presented DMK government’s first Budget after the election on August 13.
- It is the first time in the country that a state is presenting an e-budget.
- The revenue deficit for 2021-22 is expected to go up from the unrealistic interim budget estimates of ₹41,417.30 crore to ₹58,692.68 crore in the revised budget estimates.
- Mr. Rajan announced a Green Tamil Nadu Mission to increase the total areas under forest and tree cover to 33% of the land areas in the state.
- Mr. Rajan also unveiled the Tamil Nadu Climate Change Mission to focus on climate change adaptation and mitigation activities.
- The allocation for the mission is ₹500 crore.
- The State government also announced a waiver of loans to the tune of ₹2,756 crore due from self-help groups to the co-operative credit societies.
- Tamil Nadu has already borrowed ₹36,000 crore so far in 2021-22.
- Tamil Nadu is the top borrower among the States.
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