Assam Budget 2019: Highlights, All you need to know!

    Assam finance minister Himanta Biswa Sarma presented the state budget for the financial year 2019-20 on Wednesday at the Legislative Assembly.The Assam Finance Department has decided to use social media platforms to inform and engage citizens on the state's 2019-20 Budget.The state government's budget app called "Assam Budget", available both on Android and iOS, is also a unique initiative towards a 'Digital India'.

 

Assam finance minister 

Himanta Biswa Sarma

 presented the 

state budget

 for the 

financial year 2019-20

 on Wednesday at the Legislative Assembly. 

 Here are the important HIGHLIGHTS of Budget speech:

• Proposal to enhance threshold limit for registration under GST for supplier of goods to Rs 40 lakhs.
• Rs 79742.26 crore is on Revenue Account and Rs 19676.65 Crore is on Capital Account.
• Proposal to enhance the annual turnover limit for availing composition scheme to Rs.1.5 crore in MSME sector.
• Budget of estimated Rs 99418.91 crore, but no additional tax: Sarma
• Marginal hike in fiscal deficit from 2.4% in 2016-17 to 3.2% in 2017-18; attributed primarily to the implementation of the recommendation of the 7th Pay Commission.
• A new 6-lane bridge project over Brahamaputra river sanctioned at an overall cost of nearly Rs 2200 crore in Guwahati.
• Rise of domestic tourist footfalls from 57,13,156 to 59,34,791 and from 28,419 to 31,739 in respect of foreign tourists.
• New crude oil pipeline will be laid from Paradip Port to Numaligarh refinery at a cost of Rs 22,594 crore.
• Proposal to mitigate 380 arsenic affected habitations & 7 fluoride affected habitations.
• One-time cash incentive of Rs 50,000 each will be given to total 2000 sports and art personalities for their contributions. 
• Rs 155 crore for renovation of Batadrava than, the first prayer place set up by Vaishnavite saint Srimanta Sankardev in 1468.
• Smart phones will be given to village headmen to stay connected with district administration.
• Rs 25 crore sanctioned for development of tombs of Ahom kings as tourist attraction.
• Giant statues of three monarchs of Assam, Kumar Bhaskaravarman, Chaolung Siu-Ka-Pha and Maharaj Nara-Narayana, to be built at state secretariat as icons of good governance.
• Scheme to rehabilitate boatmen who have lost jobs after the India's two longest bridges were completed over Brahmaputra.
• Rs 100 crore earmarked for developmental and employment related activities for indigenous Muslims of the state.
• ‘One tola gold’, costing around Rs 38,000 as on today, will be given to brides of families whose annual income is below Rs 5 lakh.
• New Bhasha Gaurav Achoni scheme for the protection and promotion of tribal languages of the state.
• Rs 10 lakh aid earmarked to each of 108 religious places of all faith that are 100-years-old in state.
• Rs 10,000 monthly stipend will be given to every student from tea garden community studying in college.
• New scheme will be launched where rice will be sold at Rs 1/kg; 53 lakh families to benefit: Sarma
• Free text books will be given up to university level for children of families having annual income below Rs 2 lakh.
• E-bike for students passing class XII state board in first division.
• Rs 25,000 immediate assistance to widows below 45 years.
• Revenue earning has increased by 20%
• We will cross Rs 70,000 crore in expenditure, a new mark in the state: Sarma
• It is the second digital budget.
• This is 4th budget of BJP-led government in Assam.

Finance minister starts his budget speech with tributes to Vaishnavite saint of Assam, Srimanta Sankardev.

Above are the all important highlights of the Budget for Assam for the year 2019-20.All the information are collected from different sources. Some major portions are collected from TOI. And photos are collected from News8 and News live tv.