Madhya Pradesh Budget - 2016-17

Budget 2016-17 Highlights

Madhya Pradesh finance minister Jayant Malaiya presented Annual budget at state assembly in Bhopal on 26 february 2016. Key Points of the Budget 2016-17 are :

• The fiscal deficit for the year 2016-17 is estimated to be Rs. 24913.64 crore.

• It has proposed to make machine used to make bio-fertilisers and for milk processing tax free.

• The budget proposed an increase in VAT on plastic products.

• Reduced VAT on CSD cars, soya milk, dialysis machine from 14% to 5%.

• Battery operating vehicles are exempted from tax.

• Proposed 6% tax on the goods purchased online as e-commerce was resulting in revenue loss.

• VAT on cars purchased from canteen stores by soldiers are reduced from 15% to 4%.

• VAT of 5% on bicycle cost above Rs.10,000.

• Proposed 20 new girls education centres, 120 new High and High secondary schools.

• Under inter-caste marriage promotion scheme to abolish untouchability, couples will get Rs.2 lakhs instead of rs.50,000.

• Introduced 'e-shakti' campaign to train 3 lakh rural women to use internet.

• 'Usha Kiran kendra' will be set up in each and every district to empower women. This centre will provide legal and economic help to victim of domestic violence.

• The Minister earmarked Rs.903 crore for 'Ladli Laxsmi Yojana', Under which 21 lakh girls in the state already get benefitted.

• Under the development head, the state has proposed the budget estimate for 2016-17 as

         Agriculture and allied activities - Rs. 5,521.01 crores

         Irrigation and flood control - Rs. 7,494.92 crores

         Industry and mining - Rs. 2,780.52 crores

         Transport - Rs. 4,658.18 crores

         General Economic services - Rs. 926.76 crores

         Social Services - Rs. 30,346.91 crores

• For the fourth consecutive year State has received 'Krishi Karman Award'.

• 'Rashtriya jaivik krishi mela' and seminars are to be organised to encourage for the marketing of bio-agriculture and bio-products.