Telangana govt presents Rs 1,82,914 cr budget for financial year 2020-2021

Hyderabad, Mar 9 (KNN) Telangana State Finance Minister T Harish Rao presented the Telangana Budget for the Financial Year 2020-2021 in the State's Legislative Assembly.

The total budget of the state for the financial year 2020-2021 is Rs 1,82,914.42 crore. Out of this, the revenue expenditure is Rs.1,38,669.82 crore and capital expenditure is Rs 22,061.18 crore.

It is estimated that surplus in budget estimates is Rs 4,482.12 crore, while the fiscal deficit is Rs 33,191.25 crore, Rao said in his Budget speech.

In this budget, Rs 1,998 crores has been allotted to the Industrial Development, out of this, 1,500 crores allotted to Industrial incentives.

The government proposed to provide Rs 1,200 crore as interest-free loans to women self-help groups.

The government also said that it had increased the storage capacity of godowns, and was stocking fertilizers and seeds every year.

Development of 'Rythu Bandhu Samthis' (Farmers Coordination Committees) and 'Rythu Vedikas', was also on the anvil while Rs.1,000 crore was proposed towards a Market Intervention Fund.

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