Assam State Budget for the Financial year 2019-20

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Description

Assam Finance Minister, Dr. Himanta Biswa Sarma presented the State Budget for the Financial year 2019-2020 on the 6th of February 2019, at the Legislative Assembly.

Budget Highlights:

  • Proposal to enhance threshold limit for Registration under GST for supplier of goods to Rs 40 lakhs.
  • Rs 79742.26 crore is on Revenue Account and Rs 19676.65 Crore is on Capital Account
  • Proposal to enhance the Annual turnover limit for availing composition scheme to Rs.1.5 crore in MSME sector
  • Budget of estimated Rs 99418.91 crore, but no additional tax
  • Marginal hike in fiscal deficit from 2.4% in 2016-17 to 3.2% in 2017-18; attributed primarily to the implementation of the recommendation of the 7th Pay Commission
  • A new 6-lane bridge project over Brahmaputra river sanctioned at an overall cost of nearly Rs 2200 crore in Guwahati
  • Rise of domestic tourist footfalls from 57,13,156 to 59,34,791 and from 28,419 to 31,739 in respect of foreign tourists
  • New crude oil pipeline will be laid from Paradip Port to Numaligarh refinery at a cost of Rs 22,594 crore
  • Proposal to mitigate 380 arsenic affected habitations & 7 fluoride affected habitations
  • One-time cash incentive of Rs 50,000 each will be given to total 2000 sports and art personalities for their contributions
  • Rs 155 crore for renovation of Batadrava than, the first prayer place set up by Vaishnavite saint Srimanta Sankardev in 1468
  • Smart phones will be given to village headmen to stay connected with District Administration
  • Rs 25 crore sanctioned for development of tombs of Ahom kings as tourist attraction
  • Giant statues of three monarchs of Assam, Kumar Bhaskaravarman, Chaolung Siu-Ka-Pha and Maharaj Nara-Narayana, to be built at state secretariat as icons of good governance
  • Scheme to rehabilitate boatmen who have lost jobs after the India's two longest bridges were completed over Brahmaputra.
  • Rs 100 crore earmarked for developmental and employment related activities for indigenous Muslims of the state.
  • ‘One tola gold’, costing around Rs 38,000 as on today, will be given to brides of families whose annual income is below Rs 5 lakh
  • New Bhasha Gaurav Achoni scheme for the protection and promotion of tribal languages of the state
  • Rs 10 lakh aid earmarked to each of 108 religious places of all faith that are 100-years-old in state
  • Rs 10,000 monthly stipend will be given to every student from tea garden community studying in college
  • New scheme will be launched where rice will be sold at Rs 1/kg; 53 lakh families to benefit
  • Free text books will be given up to university level for children of families having annual income below Rs 2 lakh
  • E-bike for students passing class XII state board in first division
  • Rs 25,000 immediate assistance to widows below 45 years
  • Revenue earning has increased by 20%

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