Important Facts of Rajasthan Budget 2024-25

A state budget is a financial plan outlining projected income and expenses for a state government over a specific period, typically a year. It is a comprehensive document that allocates resources to various departments, programs, and initiatives, aiming to achieve the state’s economic, social, and political objectives.

A state budget typically includes:

1. Revenue projections: Estimated income from taxes, fees, and other sources.
2. Expenditure allocations: Funds assigned to various departments, programs, and initiatives, such as education, healthcare, infrastructure, and public safety.
3. Capital expenditures: Investments in long-term assets, like buildings, roads, and equipment.
4. Operating expenses: Funds for day-to-day operations, like salaries, utilities, and supplies.
5. Debt service: Payments on loans and bonds.
6. Reserves: Funds set aside for emergencies, contingencies, or future needs.

The state budget is usually prepared by the executive branch (Governor or Chief Minister) and approved by the legislative branch (State Legislature or Assembly). It plays a crucial role in shaping the state’s fiscal policy, allocating resources, and influencing the overall economic and social development of the state.

Rajasthan Government released the Rajasthan budget for the financial year 2024-2025 on 10th July 2024.

Here are the highlights from the 2024-2025 Rajasthan budget:

• The Rajasthan budget is 4.90 lakh crore rupees, one of the highest in Rajasthan’s history, and includes many big announcements for various sections of society.
• Rajasthan government will be focusing on making Rajasthan a 350 billion-dollar economy and developing quality infrastructure.
• Nine greenfield expressways of more than 2,750 km will be constructed in the state for the first time, revolutionizing the state’s infrastructure and connectivity.
• The government has a goal to fill 4 lakh vacancies in five years and create a youth policy, a major step towards youth empowerment and employment.
• The government will spend Rs 15,000 crore to supply water to 25 lakh rural houses this year, a significant move towards ensuring water supply in rural areas.
• Solar energy will be promoted through four big announcements, a step towards a greener and more sustainable future for Rajasthan.
• The government will build a 2 MW decentralized solar plant and connect all government offices with solar energy.
• Electric vehicles will be promoted with a budget of Rs 200 crore for electric vehicle policy and Rs 10 crore for electric vehicle promotion fund.
• The registration process for electric vehicles will be simplified, and the transfer process will be automated.
• CNG-PNG will be made cheaper for the people of Rajasthan, with a reduction in VAT from 14.5% to 10%.
• Mining activities will be promoted, with an increase in the number of blocks for auction and private mining contractors will be allowed in some areas.
• The requirement for NOC from RIICO will be eliminated in areas within a kilometer of RIICO.
• The fitness certificate requirement for transport vehicles will be eliminated, and stamp duty will be fully exempted for certain transactions.
• Manganese Mega Project will be established in the state, which will create employment opportunities for the youth.
• A provision of Rs 250 crore has been made for the Chief Minister’s Development Fund.
• The Chief Minister’s Mangal Bima Yojana has been announced, under which Rs 400 crore will be spent.
• The scheme will be implemented in all districts instead of just seven, and animal fairs will be organized.
• The Camel Protection and Development Mission will be started.
• A provision of Rs 23000 crore has been made for short-term loans to farmers.
• The government will make efforts to stop the waste of water in the state, for which the Water Grid will be established.
• The second phase of the Indira Gandhi Canal Project will be started.
• 1,45,000 new agricultural connections will be given to farmers.
• 5500 new posts will be created in the police department, and 500 Kalika units will be established for women’s safety.
• 20 new ITIs will be opened in the state.
• Under the Rajasthan Health Scheme, the facility of cashless treatment will be available in all the districts of the state.
• The pension of freedom fighters will be increased from Rs 50,000 to Rs 60,000 per month, and the pension of martyrs will be increased from Rs 15,000 to Rs 20,000 per month.
• Funding of up to Rs 10 crore will be provided to selected startups.
• Rs 1 lakh per family will be given to Pakistan displaced persons, and Rs 25,000 will be given to the beneficiaries of PM Awas Yojana.
• 2000 scooters will be given to specially-abled people, and a provision of Rs 1 lakh for wheelchairs has been made.

The Rajasthan government has announced the following vacancies in the 2024 Rajasthan budget:

• 4 lakh vacancies to be filled in five years, with a focus on youth employment and development
• 1,650 employees to be recruited in roadways
• 1,500 new positions for doctors
• 4,000 new positions for nursing staff
• Creation of model solar villages in each district of the state

The Rajasthan Budget 2024-2025 has been concluded with a focus on inclusive growth, development, and welfare of the state’s citizens.

The key takeaways from the Rajasthan budget are:

1. Emphasis on youth empowerment and employment.
2. Infrastructure development, including roads, expressways, and solar energy.
3. Priority on education, healthcare, and water supply.
4. Support for farmers, MSMEs, and startups.
5. Allocation for welfare schemes, including pension increases for freedom fighters and martyrs.
6. Provisions for electric vehicle promotion and mining activities.
7. Simplification of registration processes and reduction of VAT on CNG-PNG.

Rajasthan budget aims to make the state a $350 billion economy, create jobs, and improve the overall standard of living. It also focuses on sustainable development, green energy, and social welfare, making it a comprehensive and progressive budget.

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