STOCK MARKET BSE NSE

With women, welfare as focus, Pondy CM presents Rs 7,530 crore Budget

Chief Minister V Narayanasamy on Monday presented Rs 7,530 crore budget for the financial year 2018-2019  amidst a walk-out by the entire opposition.

Published: 03rd July 2018 05:36 AM  |   Last Updated: 03rd July 2018 05:36 AM   |  A+A-

Express News Service

PUDUCHERRY: Chief Minister V Narayanasamy on Monday presented Rs 7,530 crore budget for the financial year 2018-2019  amidst a walk-out by the entire opposition. It will be financed by  internal resources estimated at Rs 4,570 crores (61 per cent), Central assistance Rs 1,476 crore (25 per cent) and anticipated grants for the Centrally-sponsored schemes  (Rs 409 crore), said Narayanasamy. The remaining Rs 1,050 crore (14 per cent) will be met through open market borrowings and loans from financial institutions.

The budget presented amidst tight financial scenario which the Chief Minister highlighted while presenting the budget,  is devoid of any new major schemes.

However, the main thrust is on empowerment of rural women, extending benefits to new beneficiaries of welfare schemes for aged, widows, scheduled castes, strengthening the  farm  and fishing  sectors and enhancing quality of education and medical care.

An income guarantee scheme for empowerment of rural women is proposed. Under this, bee-keeping will be started in villages under the bee-and-me scheme through women self-help groups (SGHs). Equipment for bee-keeping will be provided at a 40 per cent subsidy besides availing bank loans after imparting training.

The government proposes to extend a 25  per cent subsidy to women and members of SGHs to procure 6,000 milch animals. During the current year, milk production will be 49,000 metric tonne, egg production 113.70 lakh and meat production 14,622 metric tonne, he said.

Stay up to date on all the latest Tamil Nadu news with The New Indian Express App. Download now
TAGS
Pondy CM

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp