Assam State Budget for the Financial year 2019-20

Description

Assam Finance Minister, Dr. Himanta Biswa Sarma presented the State Budget for the Financial year 2019-2020 on the 6th of February 2019, at the Legislative Assembly.

Budget Highlights:

  1. Proposal to enhance threshold limit for Registration under GST for supplier of goods to Rs 40 lakhs.
  2. Rs 79742.26 crore is on Revenue Account and Rs 19676.65 Crore is on Capital Account
  3. Proposal to enhance the Annual turnover limit for availing composition scheme to Rs.1.5 crore in MSME sector
  4. Budget of estimated Rs 99418.91 crore, but no additional tax
  5. Marginal hike in fiscal deficit from 2.4% in 2016-17 to 3.2% in 2017-18; attributed primarily to the implementation of the recommendation of the 7th Pay Commission
  6. A new 6-lane bridge project over Brahmaputra river sanctioned at an overall cost of nearly Rs 2200 crore in Guwahati
  7. Rise of domestic tourist footfalls from 57,13,156 to 59,34,791 and from 28,419 to 31,739 in respect of foreign tourists
  8. New crude oil pipeline will be laid from Paradip Port to Numaligarh refinery at a cost of Rs 22,594 crore
  9. Proposal to mitigate 380 arsenic affected habitations & 7 fluoride affected habitations
  10. One-time cash incentive of Rs 50,000 each will be given to total 2000 sports and art personalities for their contributions
  11. Rs 155 crore for renovation of Batadrava than, the first prayer place set up by Vaishnavite saint Srimanta Sankardev in 1468
  12. Smart phones will be given to village headmen to stay connected with District Administration
  13. Rs 25 crore sanctioned for development of tombs of Ahom kings as tourist attraction
  14. Giant statues of three monarchs of Assam, Kumar Bhaskaravarman, Chaolung Siu-Ka-Pha and Maharaj Nara-Narayana, to be built at state secretariat as icons of good governance
  15. Scheme to rehabilitate boatmen who have lost jobs after the India's two longest bridges were completed over Brahmaputra.
  16. Rs 100 crore earmarked for developmental and employment related activities for indigenous Muslims of the state.
  17. ‘One tola gold’, costing around Rs 38,000 as on today, will be given to brides of families whose annual income is below Rs 5 lakh
  18. New Bhasha Gaurav Achoni scheme for the protection and promotion of tribal languages of the state
  19. Rs 10 lakh aid earmarked to each of 108 religious places of all faith that are 100-years-old in state
  20. Rs 10,000 monthly stipend will be given to every student from tea garden community studying in college
  21. New scheme will be launched where rice will be sold at Rs 1/kg; 53 lakh families to benefit
  22. Free text books will be given up to university level for children of families having annual income below Rs 2 lakh
  23. E-bike for students passing class XII state board in first division
  24. Rs 25,000 immediate assistance to widows below 45 years
  25. Revenue earning has increased by 20%

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