Advertisement

Updated February 8th, 2019 at 16:07 IST

Tamil Nadu budget earmarks Rs 28,757 crore for education sector

The Tamil Nadu government on Friday, February 8, presented the state budget for the fiscal year 2019-20 with revenue deficit expected to come down to Rs 14,315 crore as against the projected figure of Rs 19,319 crore

| Image:self
Advertisement

The Tamil Nadu government on Friday, February 8, presented the state budget for the fiscal year 2019-20 with revenue deficit expected to come down to Rs 14,315 crore as against the projected figure of Rs 19,319 crore.

The budget, presented by Deputy Chief Minister O Panneer Selvam who holds the finance portfolio, announced an allocation of Rs 28,757 crore for school and education department. A new arts and science college will be established at Rameswaram named after former President A P J Abdul Kalam.

READ: Tamil Nadu Chief Minister K Palaniswami Urges Prime Minister Narendra Modi To Reject Karnataka's Mekedatu Dam Project Report

To strengthen state infrastructure, a sum of Rs 13,606 crore has been allocated for the development of highways and ports. At the same time, Rs 6,256 crore has been earmarked for housing and urban development. A project for sustainable housing for the urban poor has been proposed to the Asian Development Bank at a cost of Rs 5,000 crore.

Along with the World Bank, the state government will launch a new initiative to provide accommodation for 38,000 poor people living in Chennai along river banks at a cost of Rs 4,647 crore.

A comprehensive integrated parking management project will be implemented in Chennai at a cost of Rs 2,000 crore to accommodate two lakh four-wheelers and two lakh two-wheelers. Besides, Rs 25 crore has been allocated for concrete fencing to protect forest reserves around Chennai.

For the fisheries sector, a sum of Rs 928 crore has been provided in the budget estimates. The government also proposes to distribute 240 units of Navic and 160 units of Navtex instruments to 80 clusters of deep sea fishing boats.

A new frozen semen station with the pedigree country and crossbreed bulls will be established at a cost of Rs 100 crore. In addition, an amount of Rs 1,252 crore has been allocated for animal husbandry and Rs 258 crore for the dairy sector.

Advertisement

Published February 8th, 2019 at 16:07 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement

Trending Quicks

Mukhtar Ansari Death
5 minutes ago
US Federal Reserve
13 minutes ago
Team Legend
24 minutes ago
Brij Bhushan and Sanjay Singh
26 minutes ago
Mani Ratnam
27 minutes ago
Lok Sabha Elections 2024
31 minutes ago
The Surprising Benefits of Video Games Beyond Just Entertainment
31 minutes ago
Alia Bhatt
34 minutes ago
Advertisement
Advertisement
Advertisement
Whatsapp logo