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Jharkhand Government Budget for FY 2025-26
Why in News?
The Jharkhand Government tabled a Rs 1.450 lakh crore Budget for the 2025-26 financial year in the State Assembly.
Key Points
- Budget Allocation and Key Scheme:
- Rs 13,363.35 crore has been allocated for the Jharkhand Mukhyamantri Maiya Samman Yojana (JMMSY) to provide financial aid to women.
- Economic Growth and Fiscal Deficit:
- The State’s economy is projected to grow at 7.5% in 2025-26.
- The fiscal deficit is estimated at Rs 11,253 crore for the coming financial year.
- Rs 62,844 crore has been allocated for the social sector.
- Jharkhand’s Gross State Domestic Product (GSDP) was approximately Rs 4.6 trillion in 2023-24.
- The government aims to increase the GSDP to Rs 10 trillion by 2029-30.
- Healthcare and Education Initiatives:
- The budget includes the establishment of seven new medical colleges in: Ranchi, Khunti, Giridih, Jamshedpur, Dhanbad, Deoghar, and Jamtara.
- The government also announced plans to open new universities in: Jamshedpur, Gumla, and Sahibganj.
- Financial Disputes with the Centre:
- The State Government plans to initiate legal action to recover Rs 1.36 lakh crore in pending dues from the Central Government.
Jharkhand Mukhyamantri Maiya Samman Yojana (JMMSY)
- The scheme was launched on 3rd August, 2024. Under the scheme, Rs 1,000 will be given to eligible women from families living below the poverty line.
- A total of Rs 12,000 will be sent to the bank accounts of all eligible women every year through Direct Benefit Transfer Scheme.
- From December 2024, the financial assistance was increased to Rs 2,500 per month.
