TLDR;
Alright, here's a breakdown of the Jharkhand Budget 2025-26 session by Jigyasa- JPSC & JSSC Exams. The session covers key highlights, themes, and important allocations from the budget, tailored for JPSC and JSSC exam aspirants.
- The budget's theme is "Abua Budget" (जन मन का बजट), focusing on welfare and social sectors.
- Key areas covered include fiscal deficit, budget allocation, agricultural schemes, and social sector initiatives.
- Important schemes like मुख्यमंत्री कृषि ऋण माफी योजना and सर्वजन पेंशन योजना are discussed in detail.
Introduction [0:43]
The session starts with a warm greeting and an introduction to the topic: the Jharkhand Budget 2025-26. It's mentioned that the session will cover both theory and MCQs relevant for JPSC and JSSC exams. The presenter, Udit Kushwaha, welcomes viewers to the Jigyasa YouTube channel, noting that the class is also available on the application.
Budget Presentation and Theme [2:15]
The Jharkhand budget is typically presented in March, usually around the 3rd. This date coincides with the foundation day of Jamshedpur and the birth anniversary of Jamsetji Tata. The budget is presented by the Finance Minister, currently Radha Krishna Kishore, who presented his first budget in his 45-year political career on March 3, 2025, for the fiscal year 2025-26. The theme for this budget is "Abua Budget," also known as "Jan Man ka Budget," signifying "our budget" or "budget of the people."
Historical Context and Industrial Tribute [5:35]
The Finance Minister acknowledged Jharkhand's historical background, including its establishment on November 15, 2000, as the 28th state of India, separated from Bihar. Tributes were paid to Jharkhand's martyrs like Birsa Munda, Tilka Manjhi, and others. An industrial tribute was given to Jamshedji Tata, whose birth anniversary is on March 3. Tata's vision led to the establishment of Tata Iron and Steel Company (TISCO) in 1907. His quote, "Economic freedom is the basis of political freedom," is highlighted. Jamshedpur is India's first planned industrial city, also known as Steel Capital of India, Pittsburg of India and Sports/Industrial Capital of Jharkhand.
Economic Indicators and Targets [9:13]
The projected growth rate for Jharkhand in 2025-26 is 7.5% at constant prices. The target for GSDP by 2029-30 is set at 10 trillion, requiring a growth rate of 14.2%. Currently, the GSDP is around 4.6 trillion (as of 2023-24). The fiscal deficit is targeted at 2.02% of GSDP, approximately ₹7,253 crore.
Budget Estimates and Sectoral Allocation [12:08]
The total budget size for 2025-26 is ₹145000 crore, a 13% increase from the previous budget. Revenue expenditure is ₹1636 crore, while capital expenditure is ₹34763 crore, focusing on infrastructure assets. The social sector receives the highest allocation at ₹62840 crore.
Sources and Expenditure of Funds [14:42]
The largest source of revenue for the state government is the state's share of central taxes, accounting for 32.35%. State-owned taxes contribute 24.21%. The least revenue comes from the recovery of loans and advances. The highest expenditure is in the social sector, specifically welfare and social welfare at 17.47%, followed by education at 12.11%.
Fiscal Management and Revenue Growth [19:17]
A sinking fund of ₹638 crore has been invested to manage debt payments. This fund is used to set aside money to repay liabilities, similar to saving to pay off a loan.
Agriculture Loans and Crops [22:03]
Under the Farm Loan Waiver scheme (मुख्यमंत्री कृषि ऋण माफी योजना), loans up to ₹2 lakh will be waived for 4 lakh farmers. The government distributes seeds for free to farmers under the बिरसा बीज वितरण योजना, covering approximately 3.83 lakh farmers. The Millet Mission, initiated in Gumla district, has a proposed allocation of ₹24.50 crore. Under Crop Insurance (बिरसा पीएम फसल बीमा योजना), ₹350 crore has been allocated.
Allied Sectors and Cooperatives [25:15]
The मुख्यमंत्री पशुधन विकास योजना aims to increase farmers' income and promote milk and meat production. Under this scheme, the government provides chicks or ducklings with a 100% subsidy and provides cows for opening mini-dairies.
Housing and Employment [27:26]
The Abua Awas Yojana provides three-room houses to poor families not covered under the Pradhan Mantri Awas Yojana, with ₹2 lakh provided in five installments. The target is to complete the remaining houses from a goal of 6.5 lakh. Under the MGNREGA scheme, the target is to generate 12 crore man-days. The Palash Brand aims to provide market access to products made by women's self-help groups, with a provision of ₹30 crore.
Water Resources and Irrigation [32:00]
The Pirtand Project, a pipeline project on the Barakar River, is a lift irrigation project. The Jal Nidhi project is related to water conservation.
Social Security and Pension Schemes [33:04]
Jharkhand is the first state in India to launch the सर्वजन पेंशन योजना (Universal Pension Scheme). The age criteria for women, SC, and ST is 50+ years, while for general and other categories, it is 60+ years. Beneficiaries receive ₹1000. There is no age limit for HIV/AIDS-affected, transgender persons, and disabled individuals. The central government supports this scheme with ₹1449 crore under the National Pension Scheme. Under the मुख्यमंत्री मैया सम्मान योजना, ₹2500 per month is given to women aged 18-50 years.
Education and Scholarships [41:32]
The सावित्रीबाई फुले किशोरी समृद्धि योजना provides increased assistance from classes 8 to 12, with ₹2500 increased to ₹5000. A lump sum of ₹20000 is provided at the age of 18-19. Under the कन्यादान योजना, ₹3000 is provided. There are 80 operational CM Schools of Excellence.
Tourism, Tech, and Infrastructure [44:32]
The establishment of a State Technology Park, Tech Hub, and Innovation Hub is planned. Tourism circuits in Betla, Mandal Dam, Netarhat, and Suga Bandh will be developed. The government will utilize unused government buildings.
Fisheries and Panchayati Raj [45:56]
The production target for fisheries is 4.10 lakh million tons. For Panchayati Raj, the total allocation is ₹214 crore. The 15th Finance Commission grant is ₹1322 crore.
Budget Trivia and Exam Pointers [47:06]
Suggestions for the budget are taken through the "Hamar Apan Budget" portal. The budget was presented with poetic references from Piyush Mishra and Dushyant Kumar. The budget term is "Abua Budget," and governance is termed "Abua Raj." The child budget allocation is ₹941 crore, which is 20.5% of the scheme budget. Planning fellows will be appointed at the district level.
New Initiatives and Schemes [49:14]
Under the वाल्मीकि छात्र योजना, ₹4000 per month plus tuition fees up to ₹1 lakh will be provided for orphan and disabled students. Technical universities will be established in Jamshedpur, Dhanbad, and Dumka. The Jharkhand Student Research and Innovation Policy 2025 is being prepared. Medical colleges will be established via the PPP model in Khunti, Giridih, Jamshedpur, Dhanbad, Devghar, and Jamtara. The मुख्यमंत्री अबुआ स्वास्थ्य सुरक्षा योजना has been approved for state health insurance.
Higher Education and Tribal Welfare [51:27]
Under the Marang Gomke Jaipal Singh Munda Scholarship Scheme, students from ST, SC, OBC, and minority communities can study in 110 universities in the UK and Ireland. The first tribal university of Jharkhand, named Pandit Raghunath Murmu Tribal University, is proposed in Jamshedpur. The Jharkhand Scheduled Caste Advisory Council will be formed.
Infrastructure and Public Distribution [52:39]
Multi-storage hostels will be built in major cities. MSP support has been increased for forest produce like lac, tasar, karanj, tamarind, mahua, and chironji. 1 kg of pulses and salt will be distributed under the state scheme.
MSME and Industrial Development [54:20]
The Jharkhand MSME Promotion Policy 2023 has been notified, and an MSME directorate will be formed. A single-window system will be established to organize national and international seminars for investment. Schools of Business and Mass Communication will be set up in Jamshedpur, Palamu, Ranchi, and Dhanbad. Infrastructure development will occur in JIAADA areas like Bokaro, Giridih, and Adityapur.
Roads, Airports and Tourism [55:37]
The road density is 188.66 km per 1000 sq km. A new domestic airport and cargo hub are planned in Sahibganj, which already has the second multi-modal terminal by the Government of India. Heli-tourism shuttle services will be started in Deoghar, Parasnath, Betla, and Patratu.
Energy and Rural Development [57:21]
Domestic consumers receive 200 units of free electricity, benefiting 35 lakh people. Under PM Kusum, 10,000 solar pumps are planned.
Urban Development and Environment [58:18]
Under the Light House Project, 1008 houses have been completed and allotted in Ranchi. Under the Namami Gange project, sewage plants will be set up for the Damodar River in Phusro, Ramgarh, and Dhanbad. Ranchi is the only smart city in Jharkhand, where green fields and open space parks will be developed. Under the मुख्यमंत्री श्रमिक योजना, the target is to create 10 lakh man-days.
Forestry and Tourism [59:40]
The target is to plant 2.5 crore saplings. Eco-tourism will be developed in Massanjore, Dumka, Hirni Fall, and Netarhat. Glass bridges will be built in Dasam Falls, Hundru Falls, Netarhat, and Patratu. The historic Palamu Fort, dating back to the 16th century, will be renovated.
Mining, IT and Disaster Management [1:01:00]
Jharkhand is the first state to start mining tourism. Software Technology Parks are in Sindri and Deoghar, with a Software Technology Park of India (STPI) in Ranchi and proposed in Bokaro and Dhanbad. A disaster recovery center will be implemented for the state data center.
Sports and Youth Development [1:02:31]
Sidhu Kanu Youth Clubs will be established in every village. The Sports University Act has been enacted, and awards will be given to 523 players.
Conclusion and Practice Questions [1:02:58]
The session concludes with a motivational quote and a series of practice questions to reinforce the key points covered in the budget session. The presenter encourages viewers to like, share, and subscribe for more informative sessions. The session ends with contact information for paid classes and test series.
