Key Highlights Of The Rajasthan Budget 2023-24

Revenue revenues of Rs 2 lakh 33 thousand 988 crore 1 lakh are projected in the budget forecasts for 2023–24.

Rajasthan Chief Minister Ashok Gehlot delivered his final budget speech to the state assembly on February 10, 2023. The subject of the budget presentation by Gehlot, who also holds the finance ministry, is “Bachat, Rahat, Badhat” (saving, relief and progress). “Rajasthan’s budget will bring savings, relief and progress. Finalised the budget 2023 with the resolution of ensuring #Bachat_Rahat_Badhat of every person of the state,” Gehlot said in a tweet.

Key points

The Rajasthan 2023 budget focuses on women, young people, and the unemployed, as free electricity and bus transport for the general population. The key components of the Rajasthan Budget 2023–24 are as follows:

  • Revenue revenues of Rs 2 lakh 33 thousand 988 crore 1 lakh are projected in the budget forecasts for 2023–24.
  • A revenue expenditure of Rs 2 lakh 58 thousand 883 crore 68 million is projected in the budget forecasts for the years 2023–2024.
  • The income shortfall for 2023–2024 is projected to be Rs 24 000 895 crore 67 lakhs in the budget estimates.
  • The expected budget deficit for 2023–24 is 62,771.92 crore or 3.98% of GSDP.
  • An “inflation relief package” worth more than Rs 19 thousand crores has been announced in this budget.
  • It has been stated that clients who use up to 100 units of electricity each month would receive free electricity under the Chief Minister’s Free Electricity Scheme.
  • Under the Chief Minister Chiranjeevi Health Insurance Scheme, it has been declared that the family insurance limit will rise to Rs 25 lakh.
  • Chief Minister Chiranjeevi’s Accident Insurance Scheme would boost the family’s accident insurance coverage to Rs. 10 lakh.
  • To offer work guarantees for 125 days annually under MNREGA and the Indira Gandhi Urban Employment Guarantee Scheme.
  • Minimum monthly stipend of 1,000 rupees for social security pensioners, with an automatic increase of 15% annually.
  • Creation of a board for the welfare of gig workers and a fund for their development worth Rs 200 crore.
  • 500 daycare facilities will open as part of the “Priyadarshini Day-Care Center Scheme” to care for the children of working mothers.
  • At the cost of roughly Rs 7,700 crore, the construction of a 1,100 MW lignite-based power plant in Barmer.
  • To transform Rajasthan into a “Green State,” the commencement of the Rajasthan Greening and Rebleeding Mission.
  • Opening of one Love-Kush Garden in each district.
  • Creation of the Chief Minister’s Lok Kalakar Protsahan Yojana and the establishment of a 100 crore rupee Public Artists Welfare Fund.
  • The Farmers Welfare Fund now has a value of Rs 7,000 crore instead of Rs 5,000 crore.
  • Plan to invest Rs 100 crore in establishing organic products in Jaipur and Jodhpur.
  • Establishment of a fig centre of excellence in Sirohi.
  • 11 lakh farmers who use up to 2000 units per month would receive free electricity.
  • Opening of a Panchakarma Center of Excellence in Jaipur.
  • The government will offer employees of various boards and corporations in the state benefits under the previous pension plan. The programme will benefit the staff of boards, enterprises, academies, and institutions.
  • Inflation relief package of Rs 19,000 crore help the general public with rising prices.
  • National Food Security Act will purview Free Chief Minister Annapurna food packets per month, in addition to and free ration to about one crore families.