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 [table id=10 /]
