Uttar Pradesh tabled a mammoth Rs 7.36 lakh crore budget for 2024-25 fiscal, its highest ever, targeting accelerated development across spheres like religious tourism, aviation, highways and agriculture. Allocations intend boosting youth-focused schemes, farmer producer collectives and lifting the state economy amid global headwinds.
Free tablet/smartphone distribution for youth gets Rs 4,000 crore funding lined up. Key religious destination boost includes Rs 100 crore revamping Ayodhya and Rs 2,500 crore allotted for the Maha Kumbh Mela 2025 underscoring tourism’s multiplier potential to uplift small businesses.
Infrastructure Building Continues Apace
Major infrastructure building continues apace with Rs 2,057 crore marked for the upcoming Ganga Expressway plus Rs 1,150 crore for International Airport construction at Jewar. The budget eyes lifting farm sector growth to 5.1% in 2024-25 by funding farmer collectives and deploying 500 automatic weather stations to aid data-based crop advisories for resilience.
Relaxations offered in certain stamp duties and registration charges intend stimulating real estate demand while continuing wide ranging industrial subsidies introduced since the pandemic outbreak to secure manufacturing-led job creation within UP.
