Gujarat Budget 2016-17 : The Gujarat government has offer a budget of Rs 85,556 crore for the year 2016-17 for ‘Yuva Swavlamban’ scheme of Chief Minister in which it has given main focus to social services like health and cleanliness and woman and child development, drinking water, education. The projected annual development plan (ADP) is superior by Rs 66,262.67 crore from previous year.
Gujarat Budget 2016 has rural focus; high-end cars to cost more
The Gujarat government on Tuesday presented its annual Budget for the economic year 2016-17 with the overall size of Rs 1,51,852 crore. With an annual plan layout of Rs 85,557.78 crore, the offered Budget has a clear goal on two discontented sections of the BJP’s political vote bank – youth and farmers. The Budget’s priority seem to be distinct looking at the 2017 Assembly elections as it emphasizes on encourage these two sections.
Finance Minster Saurabh Patel, also floated the “Smart village” project, providing Rs 185 crore to cover around 300 villages in the first year. “We focus to make villages of Gujarat independent, clean and healthy, offense free, disease free, samras (with co-opted gram panchayats) and economically empowered,” said Finance Minister. The villages will be selected through self-governing and obvious competition. Every Smart village will be providing special support by the Gujarat government.
Main focus areas in the ADP 2016-17 is on sectors that can raise agricultural production, increase access to education and health services, generate higher employment, core road network, reasonable housing, particularly to the deprived sections, greater investment in food programs and strengthening infrastructure in irrigation, sanitation, water supply, primary health services to rural and urban areas.
Tax on pan masala, luxury two wheelers costing over Rs 2.50 lakh and luxury cars (SUV) coasting over Rs 15 lakh and industrial salt has been increased.
An amount of Rs 10,500 crore has been fixed to improve quality of urban life, various ongoing and new works for water provide and other basic transportation development. The provision of Rs 3,791 crore has made for industries, tourism, civil aviation etc.
E-commerce possessions will be a focus for entry tax to give protection to local market. Government will add Rs 30 crore incomes annually due to this.
The agriculture and allied services sector also allow around 7 per cent of the total plan size of the Budget. For farmers, a quantity of provisions has been announced, like loans at 1 per cent interest rate for Kharif crops, with the upper limit of Rs 3 lakh. The Budget has the condition of Rs 375 crore for this which is claimed to benefit 38 lakh farmers in the state for Kisan Hit Urja Shakti Yojana (KHUSY.
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Under infrastructure, the Budget has declared Mukhyamantri Gram Sadak Yojana to supplement and strengthen road network in rural areas. The project targets 18,000 villages and 16,245 hamlet of the state. “The state government has recognized works to the tune of Rs 10,000 over the next three years for which Rs 2,500 crore has been designed under the scheme in the present year,” Patel said in his Budget speech.
Besides this, Gujarat government has in its annual budget today approved total tax waiver to bamboo and bamboo articles, pedal rickshaw and cycle rickshaw, mosquito net, sanitary napkin, adult diapers and frozen semen. Liberation has been given to hotels and private hospitals (10 or more bed) in electric duty rates. Tax on ceramic products has been reduced.
Share brokers with registered office in GIFT city and trading at same consign will get waiver from crush duty.
For increasing the water storage capability, it has been designed to expand 470 small check-dams, 270 big check-dams and 850 ponds and renovate check-dams. Also, there is development for undertaking desalting of reservoirs. The Budget has total provision of Rs 329 crore for this. It has provision of Rs 498 crore to develop existing canal network benefiting 1 lakh hectare of irrigated land.
Finance Minister Saurabh Patel has offered to provide Rs 9,050 crore for the Sardar Sarovar Yojana. A provision of Rs 163 crore has been made for establishing the radial gates and other additional works which are under progress in this project.