Hyderabad: The annual budget for the state of Telangana was announced by Finance Minister Harish Rao on 18th March, 2021. The Minister said, the state's Gross State Domestic Product has grown by 1.3 per cent in the year 2021, despite COVID pandemic.
"While the GDP growth at current prices in 2020-21 is estimated to be at -3.8 per cent, in Telangana, the Gross State Domestic Product (GSDP) is estimated to be at +1.3 per cent," said Harish Rao.
Here are few snippets from the state's annual budget:
GSDP at current prices in 2020-21 is estimated at Rs.9,78,373 crore. With the adverse impact of corona and lockdown, the growth of GSDP declined significantly from 13.5 per cent in 2019-20 to 1.3 per cent in 2020-21.
The per capita income of Telangana is estimated to increase by 0.6 per cent, compared to the previous year, to Rs.2,27,145 in 2020- 21. The per capita income of the country is estimated to decline by 4.8 per cent to Rs.1,27,768. Telangana is higher than the country's per capita income by Rs.99,377.
An amount of Rs.29,271 crore is proposed in the Budget 2021-22 for Panchayat Raj and Rural Development Departments.
The government will provide Rs 5 crore to each MLA and MLC for the development of their constituency. "An amount of Rs.800 crore is proposed in this Budget for the development of MLA and MLC Constituencies.
The state has increased the health budget during the pandemic by Rs 109 crore from Rs 6,186 in 2020-21 to Rs 6,295 in 2021-22.
CM Dalit Empowerment Programme
To encourage farmers to take up the cultivation of oil palm, the Government has decided to provide a subsidy of Rs.30,000 per acre.
An amount of Rs.14,800 crore is proposed by the Government under Rythu Bandhu in this Budget.
An amount of Rs.1,200 crore is proposed under Rythu Bhima scheme in 2021-22.
The welfare of Gulf Workers
The Telangana Government has decided to put in place an administrative arrangement on the lines of Kerala for the welfare of workers from Telangana who had gone to the Gulf Countries for livelihood. A Special Team has visited Kerala to study the policies being adopted by the Kerala Government. Based on the report of the Team the Government will initiate measures for the welfare of Gulf workers.
Below is the copy of the budget