Srinagar: Finance Minister Abdul Rahim Rather presented the third budget of the NC-Congress coalition government for the financial year 2011-2012 in the state legislative assembly on Monday. Here are the main highlights of the budget.
HIGHLIGHTS
*Employees and Pensioners to get 10% DA of July 2010 alongwith salary/pension for April next.
*Senior pensioners, who attain the age of 90 years and those between 80-90 years as on 01.04.2011 to get 50% of their pension revision arrears in one and two installments respectively.
*Daily Wage’ rate hiked from 110 per day to 125 per day w.e.f. 01.04.2011.
*8 crore set apart for subsidizing migrants’ Health Insurance.
*40 crore set apart for Employment & Welfare Programme for Youths.
*A provision of 55 crore for meeting cost of VRS/GHS in PSUs.
*Investment of 316 crore under Skill Development Mission.
*50 crore state share to access ` 500 crore under MG-NAREGS.
*50 crore for restoration of damaged infrastructure in Leh and Kargil.
*Subsidy of 6 crore for 1000 Sheep Units in private sector.
*ICDS Centres in remote and backward areas mandated to buy local produce to encourage local production and marketing of the same.
*'Beti Anmol’ rolled out for arresting dropout rate of girl students in schools and enhancing their employment prospects. 5000 fixed deposit for girl students belonging to BPL families in all 97 educationally backward blocks on enrollment in 11th class to be encashed on passing 12th class examination.
*Rs 22 crore to support empowerment of women in the State.
*Toll exempted on Jute to promote ‘Green Packaging’ through Women’s Development Corporation.
*GST (10.5%) exempted for Green Houses to promote agriculture, horticulture and floriculture business.
*100% subsidy of VAT component on micro irrigation systems i.e. Drip and Sprinkler systems.
*VAT exemption on food grains for another one year.
*VAT exempted on pesticides, insecticides and weedicides.
*Toll exempted on Milch animals to promote dairy industry.
*Toll exempted on animal and poultry field to encourage local production of poultry and sheep.
*Toll exempted on beehives and colonies.
*Massive effort to increase the Seed Replacement Rate from 10% to 25% through research based extension programme.
*Central project of ` 372 crore for rejuvenation of Saffron cultivation.
*1500 more habitations to get potable drinking water in 2011-12.
*332 crore investment in irrigation sector in 2011-12.
*Investment of ` 1757 crore for improving health infrastructure.
*150 crore under JNNURM for completion of ongoing projects.
*326 crore investment in Housing & Urban Development Sector.
*148 crore for maintenance of assets under non-plan.
*VAT remission for industry extended for another year (implication around 500 crore).
*Annual verification of raw material consumption statement to replace existing quarterly verification presently.
TRANSPORT SECTOR PROMOTION:
*Passenger tax on ordinary buses, excluding Luxury and Video Coaches, reduced from ` 300 per seat to ` 250 per seat per annum.
SPECIAL INITIATIVE FOR BAD POCKETS:
*100 crore earmarked for new and unique initiatives which are special to these remote areas.
INITIATIVES IN EDUCATION SECTOR:
*11 lakh children to be covered under Mid Day Meals.
*19 Model Schools and 19 Girls’ Hostels under Rashtriya Madhyamik Shiksha Abhiyan in 2011-12.
*Central Assistance of ` 30 crore under Saakshar Bharat Mission – 2012.
*18 new Polytechnic Colleges being established in uncovered districts of State.
INITIATIVES IN POWER SECTOR:
*Open Access Power Scheme’ launched to benefit bulk consumers i.e. industries and other commercial ventures.
*'Bijli Adalats’ to be started for settlement of disputes and early realization of electricity dues.
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