- Deputy Chief Minister and State Finance Minister 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.
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
|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|