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Highlights of Tamil Nadu budget
March 22 , 2023
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- Tamil Nadu Finance Minister Palanivel Thiaga Rajan presented the Budget for the financial year 2023-24 March 20, 2023.
- The fiscal deficit of the state would decline to 3.80% from 4.33% in the 2021-22 budget estimate.
- The overall revenue deficit decreased to Rs. 55,000 crores against the 2021 budget estimate of Rs. 58,000 crores.
- State's revenue deficit was reduced by Rs 30,000 crore from Rs 62,000 crore.
- State's own tax revenue is expected to increase to more than Rs 1.5 lakh crore in FY24.
- It was over Rs 1.4 lakh crore in the current fiscal.
- TN to launch Rs 1,000 monthly financial aid for women home makers from September 15.
- The assistance is officially known as 'Magalir Urimai Thogai' in Tamil, meaning 'Women's Right to Assistance’.
- For this the allocation was 7000 crores for this year.
- Free breakfast scheme is to be extended to all 30,122 government primary schools from 2023-24.
- The Literacy and numeracy programme is to be extended up to Class V.
- North Chennai development initiative is to be launched at Rs 1000 crore.
- International birds centre would be established at Marakkanam.
- Monthly financial assistance for severely differently abled persons increased from Rs1,500 to Rs.2000.
- Rs.3,993 crore will be allotted to waive gold and education loans.
- TN targets bank loans to the tune of Rs 30,000 crore for women self-help groups
- The Tamil Nadu government will set up a new Textile Park in the Western Region at Salem.
- Tamil Nadu government will also set up a world class skill centre named “Tamil Nadu World Innovation and Skill Training Hub” (TN-WISH) at Ambattur.
- A grand Chola Museum will be set up in Thanjavur.
- Rs 77,000 crore is allocated for developing a mega power project to generate 14,500MW power by 2030.
- The state-of-the-art global sports city will be set up in Chennai.
- All schools functioning under various departments including Adi-Dravida and Tribal Welfare, Backward Classes, Most Backward Classes and Denotified Communities and Forest will unify under the school education department.
- Civil service aspirants will be provided ₹7,500 per month for 10 months to prepare for the preliminary examination.
- Those students who clear the preliminary examination will be provided a lumpsum amount of ₹25,000.
- To promote economic development of SC/ST entrepreneurs, a new scheme called ‘Annal Ambedkar Business Champions Scheme’ will be launched.
- Tamil Nadu government is to hold international Tamil computing conference to popularize the use of Tamil in computers.
- To promote Tamil Nadu as a global hub for IT/ITeS, the State Government will establish ‘Tamil Nadu Tech City’ (TNTech city) at Chennai, Coimbatore and Hosur.
- The government would extend the free bus pass scheme to 591 more elderly Tamil scholars.
- The first ever 'Project Nilgiri Tahr' shall be initiated in TN at a cost of Rs 10 Crores to protect & conserve Nilgiri Tahr.
- School education department is allocated Rs 40,229 crore in budget
- Rs 9000 crore is estimated for Coimbatore Metro between Avinashi Road and Sathyamangalam Road.
- Rs 8500 crore is allocated for Madurai Metro between Thirumangalam and Othakadai.
- Ezhilmigu Coimbatore and Ma Madurai programme is for planned development of the two cities.
- Target to double the installed power generation capacity will be adding 33000 MW by 2030 and increase the share of green energy to 50 per cent will be by 2030.
- New SIPCOT industrial parks are to come up in Virudhunagar, Vellore, Kallakurichi and Coimbatore
- A new wildlife sanctuary called the ‘Thanthai P
eriyar Wildlife Sanctuary’ is to come up at Erode. - New sanctuary declared will be the 18th in Tamil Nadu.
- A memorial would be established in Chennai to honour the legacy of Tamil martyrs Thiruvalargal Thalamuthu and Natarajan, who sacrificed their lives to protect Tamils in the struggle against Hindi imposition
- 1,000-bed Kalaignar Memorial Multi-Super Speciality Hospital in the premises of the King Institute of Preventive Medicine and Research Centre, Guindy, will be inaugurated this year.
- Neo-tidel parks to be expanded in 3 more locations including Chengalpattu, Tirunelveli and Erode.
- Kalaignar memorial library in Madurai will be inaugurated in June 2023
- The State government has decided to reduce the registration fee to 2 per cent.
- A state-of-the-art Skill Development Centre will be established at SIPCOT Industrial Park in Krishnagiri district.
- To establish better connectivity and provide various digital services at an affordable cost, the Government will set up a “Unified Digital Infrastructure”, that will create high speed optical fibre network from the State Headquarters to all districts.
- To mitigate the effects of climate vagaries on the coastal ecosystem, the Tamil Nadu government has announced the Tamil Nadu Coastal Restoration Mission.
- The mission, to be implemented with World Bank assistance at an estimated cost of ₹2,000 crore over the next five years, is aimed at preventing sea erosion, reducing marine pollution and conserving marine biodiversity.
- Chennai, Avadi, Tambaram, Coimbatore, Madurai, Tiruchirappalli and Salem cities will get free Wi-Fi services at important places.
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