Tamil Nadu Budget 2020

• 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