Rajasthan State Budget - July 2024 Highlights



Quick Summary
The Rajasthan State Budget for July 2024 outlines significant investments across various sectors. Key areas include substantial funding for water supply and infrastructure projects, an increased renewable energy generation target, and major advancements in transportation with new buses and road development. The budget also prioritises industrial and export promotion, urban development, and heritage conservation, alongside comprehensive social welfare schemes and employment generation initiatives.

Water Supply & Infrastructure

  • Rs 20,370 crores for six JJM projects in 5,846 villages.
  • Rs 5,180 crores for Amrut 2.0 projects in 185 urban settlements over two years.
  • Rs 187 crores for small drinking water projects.
  • Service reservoir and pipeline construction in Ajmer.
  • 20 handpumps and 10 tube wells in each of 100 assembly constituencies.
Rajasthan Budget 2024: Key Highlights and Investments

Renewable Energy generation target raised to 33,600 MW.

Transportation

  • RSRTC to receive 500 buses in two years and 800 service buses, including 300 electric buses.
  • Lok Parivahan Sewa to improve rural connectivity.
  • 208,000 homes to receive domestic electricity connections in two years.
  • New road projects totalling Rs 60,000 crore.
  • Rs 9,000 crore for road repairs, railway bridges, underpasses, and beautification projects.

Industry & Export Promotion

  • New industrial, MSME and export promotion policy.
  • Nine greenfield expressways (2,750 km) with DPR at Rs 30 crore.
  • Defence manufacturing zone establishment.
  • 'One district one product' policy.
 

Urban Development

  • Rs 25 crores allocated for bus shelters and charging stations.
  • 50 clusters for handicrafts and MSMEs.
  • Libraries and Wi-Fi in urban areas amounting to Rs 150 crore.
  • Fire brigades for every municipal body at Rs 65 crore.
  • Rajasthan Tourism Board formation.
  • Rajasthan Heritage Development Corporation to be established.
  • Rs 650 crore allocated for solid waste processing plants and waste management centers.
  • Mechanized and automated waste transfer stations.
  • Recruitment of 1,650 roadways employees.
 

Heritage & Tourism

  • Rs 200 crore for destination development.
  • Rs 30 crore for Jaisalmer Fossil Park.
  • Rs 100 crore for Khatu Shyamji development.
  • Rs 100 crore for Jaipur Walled City Heritage Development Plan.
  • Ropeways at various locations with DPR preparation.

Investment & Employment

  • Amrit Global Technology Center in Jaipur at Rs 200 crore.
  • 4 lakh recruitments over the next 5 years.
  • 1 lakh recruitments in the current financial year.
  • Business programs in schools and colleges.

Social Welfare & Development

  • Rs 4000 crore for Haryalo Rajasthan Mission.
  • Yuva Policy 2024 and Atal Entrepreneurship Programme with loans up to Rs 10 crore for start-ups.
  • Rs 100 crore annually for "One District One Product" initiative.
  • 1,500 new positions for doctors and 4,000 for nursing staff.
  • Rs 25 crore for loans to EWS category buyers.
  • Loans at concessional rates for SC-ST employees with a provision of Rs 100 crore.
  • Sainik Schools for girls at the divisional level.
  • Additional Rs 25,000 grant for PM Housing Scheme beneficiaries.
  • Sports life insurance scheme for medal-winning athletes with a cover of Rs 25 lakh.
  • District-level hostels for working women with Rs 35 crore.
  • 15 lakh women to be made Lakhpati Didis.

Children & Women

  • Milk is provided three days a week to 36 lakh children in Anganwadi centres.
  • Five new Anganwadi centres in each assembly constituency.
  • Pension for freedom fighters increased from Rs 50,000 to Rs 55,000.
  • Reward of Rs 10,000 for lifesavers in accidents.

This budget of Rajasthan aims to address multiple sectors, including infrastructure, renewable energy, transportation, industrial growth, social welfare, urban development, and heritage conservation, as per my opinion it is one of the amazing budgets

The author can also be reached at aman.rajput@mail.ca.in

FAQ :

The budget allocates Rs 20,370 crores for six JJM projects, Rs 5,180 crores for Amrut 2.0 projects, and Rs 187 crores for small drinking water projects. It also includes provisions for service reservoir and pipeline construction, handpumps, and tube wells.

The RSRTC will receive 500 new buses and 800 service buses, including electric ones. The budget also focuses on rural connectivity through Lok Parivahan Sewa and allocates Rs 60,000 crore for new road projects and Rs 9,000 crore for road repairs and related infrastructure.

The budget introduces new industrial, MSME, and export promotion policies, plans for nine greenfield expressways, a defence manufacturing zone, and the 'One district one product' policy.

Allocations include Rs 25 crores for bus shelters and charging stations, Rs 150 crore for libraries and Wi-Fi in urban areas, Rs 65 crore for fire brigades, and Rs 650 crore for solid waste processing plants. A Rajasthan Tourism Board and Rajasthan Heritage Development Corporation are also to be established.

The budget features Rs 4000 crore for the Haryalo Rajasthan Mission, Yuva Policy 2024, Atal Entrepreneurship Programme, recruitment of doctors and nursing staff, support for EWS category buyers, loans for SC-ST employees, Sainik Schools for girls, increased grants for PM Housing Scheme beneficiaries, sports life insurance, and district-level hostels for working women.

Yes, milk is provided three days a week to 36 lakh children in Anganwadi centres, and five new Anganwadi centres will be established in each assembly constituency. The budget also aims to make 15 lakh women Lakhpati Didis and includes provisions for working women's hostels.




About the Author

Chartered Accountant

CA Aman Rajput, Associate Chartered Accountant, DISA, FAFDContact me at 8209604735Email ID aman.rajput @ mail.ca.in Introduction CA Aman Rajput is an entrepreneurial Chartered Accountant and Partner at ATK and Associates, headquartered in Ghaziabad. With a strong academic foundation, holding a Masters in Commerce, ... Read more

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