From life insurance to foregoing crop loans: announcements in the TN budget before surveys

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The budget, presented just two months before the elections, included additional allocations for existing projects and some sectors.

The government of Tamil Nadu presented its interim budget on Tuesday, in which the national debt rose from 4.85 million rupees last year to 5.7 million rupees. Deputy Chief Minister and Finance Minister O Panneerselvam arrived at Kalaivanar Arangam at 10.55 am with a suitcase and the picture of former Chief Minister J Jayalalithaa. He unveiled the 11th budget of the AIADMK government ahead of the 2021 assembly elections in Tamil Nadu, amid sluggish economic growth and the state’s increasing financial deficit.

In the budget, presented just two months before the elections, there were additional allocations for certain existing projects and some sectors. The state fuel tax was not lowered despite expectations, which led to some disappointment. However, the government announced some measures in sectors such as agriculture, insurance, highways and education.

Life insurance: The government of Tamil Nadu, in partnership with Life Insurance Corporation and United India Insurance Company, introduced the Puratchi Thalaivi Amma Comprehensive Accident cum Life Insurance Scheme to insure 55.67 lakh families below the poverty line (BPL). The state provides Rs 2 lakh in the event of natural death of the breadwinner, Rs 4 lakh in the event of accidental death, and up to Rs 2 lakh in the event of permanent incapacity for the breadwinner.

Waiver of Crop Loans: In the preliminary budget estimates for 2021-22, a provision of Rs 5,000 crore was made for the crop loan waiver program. Prime Minister Edappadi K Palaniswami previously announced the waiver of all crop loans owed to the primary agricultural cooperative credit companies.

Flood sewer scheme: The Athikadavu-Avinashi Flood Canal Scheme, which has an estimated total cost of 1,652 billion

CUMTA revised: The Chennai Urban Metropolitan Transport Authority (CUMTA) has been redesigned. Efforts are being made to improve quality and access to primary health services in the Greater Chennai Corporation (GCC), expansion and improvement of bus services through the Metropolitan Transport Corporation (MTC), and water supply through the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB). . Strengthening waste management in GCC limits is the other important initiative. The program will be implemented in three phases over seven years.

Education: The Tamil Nadu government has announced that it will introduce computer science courses for grades 6 through 10 in all state high schools and upper secondary schools.

However, several sectors, including micro, small and medium-sized enterprises and industries, were disappointed with the budget as there was no separate allocation for their pandemic-hit sectors. In addition, the public felt that, as expected, no major programs to woo voters had been put in place before the elections.

Lead journalist and political scientist Kalki Priyan said the interim budget was as expected. He said: “Interim budgets are presented for a temporary period and usually there are no major plans in the interim budget. Chief Minister Edappadi Palaniswami will want to claim the plans as he is the NDA’s CM candidate. Therefore, the announcements will likely come after February 25th, when the meeting of the Assembly to discuss the budget begins. “

Kalki Priyan noted that important announcements have been made at budget meetings in recent years, citing rule 110 of the Tamil Nadu Assembly Law. The law allows ministers to make announcements on matters of public concern without subsequent debate.

Even then, Kalki Priyan said: “I think the government will make announcements or initiate plans that will not burden the state treasury.”


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