In an attempt to fulfil the Samajwadi Partys election promises,UP Chief Minister Akhilesh Yadav on Friday proposed several freebies in the state budget 2012-13,including a loan waiver for farmers,but without imposing any new taxes.
Yadav set aside Rs 1,100 crore for unemployment allowance,Rs 2,721 crore for giving tablets and laptops to students. He said tablets and computers will remove the fear of computer from the mind of rural students and help create opportunities of employment and progress,which were only available to students from urban areas.
Another Rs 500 crore he set aside for the loan waiver,even while saying that the previous government had left the states finances in a shambles,which provoked a noisy protest and walkout by the BSP.
The budget has a total outlay of Rs 2 lakh crore 18 per cent higher than last year. The fiscal deficit will be Rs 21,570 crore 2.96 per cent of the state gross domestic product (SGDP) and,therefore,within safe limits,the Chief Minister said in his post-budget remarks.
Similarly,the states debt as a fraction of both the revenue and the SGDP was also manageable,Yadav said. The state began the year with an opening balance of Rs 13,507 crore and will end the year with a closing surplus of Rs 10,184 crore,according to the budget speech.
The Chief Minister also announced 280 new schemes with a total expenditure of Rs 13,650 crore. He has proposed setting up of an IT park,a cancer hospital,an international cricket stadium,a sports complex,a milk plant and a 500-acre park in memory of socialist leader the late Janeshwar Mishra in Lucknow,besides a plan to improve and strengthen the traffic system in Lucknow,Varanasi and Kanpur by installing CCTV cameras at important crossings.
Among the new schemes are Lohia Rural Housing Scheme,Dr Ram Manohar Lohia Government Tubewell Scheme,a scheme to give battery-operated rickshaws to rickshaw-pullers,and a scheme to give two saris to women and a blanket to men belonging to BPL families.
After presenting the budget,Yadav said his government had made efforts to fulfil the promises made to the people. He said the government would raise resources to implement the budget schemes by improving recovery by the departments.