Select Page

The Yogi Adityanath government today presented its eighth budget on Monday, with Finance Minister Suresh Khanna stating that it is an inclusive budget that caters to all. This will be the eighth consecutive budget presented by the BJP government and the fifth consecutive one presented by Finance Minister Suresh Khanna. FM Suresh Khanna presented a record budget of Rs 7.46 for lakh crore for the financial year 2024-25 in the state assembly. The last year’s budget outlay was Rs 6.90 lakh crore. The total outlay for the next fiscal includes new schemes worth Rs 24,863.57 crore, according to the state finance minister.

Here are the key highlights of UP budget 2024:➤ State’s Fiscal deficit at 3.46 percent of state GDP
➤ Out of the total expenditure, Rs 5,32,655.33 crore has been allocated for the revenue account and Rs 2,03,782.38 crore for capital account.
➤ After deducting the total expenditure from the receipts of the consolidated fund, a deficit of Rs 15,103.89 crore is estimated in the budget.

UP Budget 2024 Highlights: Aviation Sector

➤ Rs 1,100 crore for development of airstrips across the state
➤ Aligarh, Azamgarh, Moradabad, Shravasti and Chitrakoot have been developed and the development work of Mayorpur (Sonbhadra) and Sarsawa (Saharanpur) airports is in progress.
➤ ‘Maharishi Valmiki International Airport Ayodhya Dham’ developed in Ayodhya.
➤ A provision of Rs 150 crore proposed for the establishment and expansion of the Ayodhya airport.
➤ FM said that continuous efforts are being made by the state government to increase air connectivity in the state through the Regional Connectivity Scheme (RCS-‘UDAN’) of the Government of India and “Uttar Pradesh Civil Aviation Promotion Policy”.
➤ In comparison to the last financial year, there has been an increase of 19.2 percent in the number of passengers traveling by air in the current financial year.

UP Budget 2024 Highlights: Rs 2,000 crore allocated for Ganga Expressway

➤ The budget for the Ganga Expressway project is Rs 2057 crore.
➤ Rs 500 crore allocated for Link Expressway.
➤ Rs 346 crore for Agra Metro
➤ Rs 400 crore for Atal Industrial Infrastructure Mission.
➤ 22,000 MW target set for Solar power
➤ Rs 3,948 crore for PM Awas scheme
➤ Rs 3,668 crore for PM Gram Sadak Yojana

UP Budget 2024 Highlights: New Medical College in Varanasi

➤ Rs 400 crore allocated for the medical college in Varanasi.
➤ Rs 7,350 crore allocated for the National Rural Health Mission.

UP Budget 2024 Highlights: Announcements for farmers

➤ Rs 1,100 crore allocated for supply of free water to farmers
➤ Uttar Pradesh budget eyes 5.1% agricultural growth in FY25
➤ The ban on giving new private tube well connections in the dark zone has been removed, which directly benefited about one lakh farmers, says FM.
➤ In the year 2023-2024, till October 2023, about 37 lakh Kisan Credit Cards were distributed.
➤ Rs 63,000 crore transferred under the Prime Minister Kisan Samman Nidhi Yojana through DBT to 2.62 crore farmers by December 2023.
➤ Under the Prime Minister Crop Insurance Scheme, a compensation of Rs 831 crore was paid to about 10 lakh insured farmers for 2022-2023 till October, 2023
➤ A record sugarcane price payment of more than Rs 2.33 lakh crore was made to about 48 lakh sugarcane farmers by the present government from the year 2017 to January 29, 2024.
➤ The cane price payment is Rs 20,274 crore more than the combined cane price payment of Rs 2.1 lakh crore in the last 22 years.
➤ About 8.32 crore workers of UP have been registered on the ‘e-Shram’ portal, which is the highest in the country.

UP Budget 2024 Highlights: Rs 952 crore allocated for Health Infra Mission

➤ Govt allocates nearly Rs 1,000 crore for health
➤ State sets target of 5.1% for agriculture growth

UP Budget 2024 Highlights: FM announces biggest budget in the history of UP

➤ FM proposes new projects worth Rs 24 thousand crore in the budget.
➤ At Rs 7.36 lakh crore, this is the biggest budget in the history of UP.
➤ The total capacity of the power transmission system, which was 16,348 MW in the financial year 2016-2017, has been increased to 28,900 MW in the year 2022-2023
➤ Target is to be increased to 31,500 MW by the financial year 2023-2024.

UP Budget 2024 Highlights: UP govt has brought out 6 crore people out of poverty

➤ FM Suresh Khanna said that the economy of the state has improved a lot under the Yogi Adityanath government.
➤ Jungle Raj has been wiped out in UP. So far six crore people have been brought above the poverty line.

UP Budget 2024 Highlights: UP is jumped from 14th position in ease of doing ranking to 2nd spot

➤ In 2025, 1.10 crore people will get employment in the state.
➤ Organized crime has ended and the industrial sector is growing rapidly.
➤The state was at 14th position in the ranking of ease of doing business but today it is at second position.

UP Budget 2024 Highlights: Destitute Women pension increased

➤ State government has increased the destitute women pension from Rs 500 to now Rs 1,000 per month. 30 lakh women to get benefit from this

UP Budget 2024 Highlights: Sugar cane MSP increased

➤ Sugarcane MSP has been increased by the state.
➤ Rs 2.33 lakh crore disbursed to Sugarcane farmers
➤ Famers received Rs 63,000 crore under Kiasn Samaan from the government

UP Budget 2024 Highlights: FM Khanna starts Budget speech with lines from Ramayan

➤ FM starts the speech quoting Ramayan
➤ He also said “हौसले दिल में जब मचलते हैं आंधियों में चराग जलते हैं। “

UP Budget 2024 Highlights: We are no more a Bimaru State

➤ There is Ram Rajya in Uttar Pradesh, we are no more a Bimaru state.
➤ Organized crime has been eliminated in the state. The unemployment rate in the state is 2.4 percent.
➤ The state has received investment proposal worth Rs 40 lakh crore in Investors Summit
➤ UP is fast progressing towards development
➤ State us exporting goods and services worth Rs 2 lakh crore. The industrial sector is developing rapidly.
➤ 96 lakh MSME units are running in the state
➤ 22 lakh beneficiaries for MSME schemes
➤ All the state districts now have dialysis facility for Kidney patients
➤ Govt medical colleges now have 3,900 seats, while Private medical seats are now 5,250
➤ State is No.1 in PM Jan Dhan Account holders
➤ State has 9 crore accounts

Khanna also highlighted that the state is expected to receive around Rs 2,18,816 crore from the Central taxes, according to the interim budget presented by Union Finance Minister Nirmala Sitharaman on February 1. In the previous year, the Yogi government had presented a budget of Rs 6.9 lakh crore for 2023-2024, along with a supplementary budget of Rs 28,760.67 crore, which included funding for various development projects in Ayodhya.

  • Published On Feb 5, 2024 at 01:08 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETBFSI App

  • Get Realtime updates
  • Save your favourite articles

icon g play

icon app store

Scan to download App
bfsi barcode

Share it on social networks