pennews
www.pennews.net
Nine lakh jobs created in Bengal in 2018: Dr Amit Mitra in State Budget
West Bengal

Nine lakh jobs created in Bengal in 2018: Dr Amit Mitra in State Budget

Agency News

Kolkata, Feb 4 : Finance Minister Dr Amit Mitra today presented the State Budget in which Rs 2,37,964 crore is proposed for 2019-20 and informed that nine lakh jobs have been created in Bengal in 2018.

Presenting in the Assembly, he said the GDP of Bengal has increased from Rs 4.61 lakh crore in 2011 to Rs 11.5 lakh crore in 2018. This is the highest rate of increase in GDP in the country.

Dr Mitra said the industrial growth rate in the country is 5.59 per cent while the same in Bengal is three times more – 16.29 per cent.

The Finance minister said revenue deficit in Bengal is down to 0.96 per cent (in 2018) from 3.75 per cent (in 2011).

He said fiscal deficit was 4.25 per cent in 2010-11. It is down to 2.83 per cent in 2017-18.

Dr Mitra said the income from revenues increased from Rs 21,000 crore in 2011 to Rs 57,000 crore in 2017-18. This is an increase of 2.5 times.

From 2011, the State Plan Expenditure of Rs 3,45,000 crore and Capital Expenditure of Rs 92,000 crore has been spent on infrastructure and social welfare, he said.

Dr Mitra said food production in 2010-11 was 148 lakh MT; it has increased to 182 lakh MT in 2018-19.

“We have waived off khajna tax and mutation fees on agricultural land,” he said.

The Finance minister said 8.82 crore people in the State receive food at subsidised rates.

He said farmers are receiving price for paddy procurement directly through the ‘Dhan Din, Cheque Nin’ programme.

Dr Mitra said nearly 32 lakh farmers’ families have received compensation worth Rs 1,200 crore for crop losses due to natural disasters.

He said the State Government pays the full premium for the crop insurance scheme.

This scheme will be fully funded by the State (Centre used to pay 20% of the cost earlier).

The Finance minister said 2.62 lakh ponds have been created under the Jal Dharo, Jal Bharo Scheme.

“We have opened 2,631 PACSs for providing banking services in unbanked villages. We have distributed hens and chickens for free to augment egg production in the State,” he said.

Dr Mitra said the income ceiling for the Kanyashree Scheme has been done away with. The scheme has been extended to university students. (UNI)