Tamil Nadu News

Highlights of Tamil Nadu budget

March 22 , 2023 1289 days 8397 0

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 Periyar Wildlife Sanctuary’ is to come up at Erode.
New sanctuary declared will be the 18^th 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.