Highlights of Tamil Nadu Budget 2020

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Tamil Nadu Budget 2020
Tamil Nadu Budget 2020

Highlights of Tamil Nadu Budget 2020

Deputy Chief Minister and State Finance Minister O. Panneerselvam presented the State Budget in the Assembly for the 10th time on February 14. Tamil Nadu’s economic growth for 2019-20 is projected to be 7.27%, a fall from 8.17% in 2018-19 due to global and national economic headwinds. Candidates can get the complete details about Tamil Nadu Budget 2020 – 21 from our blog.

Highlights of Tamil Nadu Budget 2020 – 21

  • Food parks proposed to be established in Dharmapuri, Ariyalur, Perambalur, Karur, Nagapattinam, Ramanathapuram, Tenkasi districts at a cost of Rs 70 crore.
  • The government has decided to form a ‘not-for-profit’ Special Purpose Vehicle to finance and manage the Amma Unavagam programme
  • Eco-restoration of the Buckingham Canal, its drains and all the drains of the Cooum and Adyar at a total cost of Rs.5,439.76 crore to be taken up
  • Rs38,181.73 crore allocated for School Education Department, Rs5,052.84 crore for Higher Education
  • Stamp duty tax has been reduced to 0.25 per cent from the earlier 1 per cent
  • Fisheries department – To improve communication for fishermen more mechanised boats to be fitted with transponders

Tamil Nadu Budget 2020 – 21

Sector

Allocated Amount

Higher Education

5,052.84 crore
Electricity Department

20,115.58 crore

For establishing 11 new medical colleges

1,200 crore

Health Sector

15,863 crore

Department of Tamil Development

74.08 crore
Archeology Department

31.93 crore

Department of Transport

2716.26 crore

Disaster management

1360 crore

Department of Prison

392 crore
Department of Energy

20,115.58 crore

Department of Highways

15,850 crore
For rural local bodies

5306.95 crore

For Crop Insurance

11,000 crore
Department of Agriculture

11,894 crore

For Amruth Project

1450  crore
Department of Municipal Administration and Water Supply

18,540

Nirbhaya Project

71 crore
For Food subsidy

6,500 crore

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