Jharkhand Economic Survey 2024-25 | झारखंड आर्थिक सर्वेक्षण | 14th JPSC Pre 2026 | Udit Kushwaha 🔥

TLDR;

This YouTube video provides a comprehensive one-shot revision of the Jharkhand Economic Survey, covering key aspects such as growth rates, per capita income, sectoral composition, inflation, poverty, fiscal development, banking, housing schemes, and tribal welfare. It also includes important government schemes, initiatives, and statistics related to agriculture, industry, tourism, and infrastructure in Jharkhand.

• Economic Survey Overview
• Key Economic Indicators
• Sectoral Composition
• Social Development
• Banking and Finance
• Government Schemes
• Tribal Demography and Welfare
• Natural Resources and Tourism

Introduction [0:06]

The presenter apologizes for the delay and introduces the session as a comprehensive one-shot revision of the Jharkhand Economic Survey. The session will cover various aspects, including ongoing schemes in Jharkhand, important reports, tribal demographics, and previous year's questions. The presenter welcomes viewers to the Jigyasa YouTube channel and mentions the availability of paid courses on the Jigyasa Learning App.

What is Economic Survey? [2:48]

The Economic Survey is a report presented a day before the budget, detailing the state's economic performance and future outlook for a financial year (April 1 to March 31). It includes income and expenditure data and helps in understanding and improving economic policies. It serves as a review of the past year and a perspective for the future.

Growth Rate and GDP [4:40]

The growth rate for 2024-25 is projected at 6.7% at constant prices, with a projected growth of 7.5% for the next year. Jharkhand's contribution to India's GDP is 1.64%. The state's Gross State Domestic Product (GSDP) is expected to double by 2024-25 compared to 2011-12.

Per Capita Income and Employment [7:03]

The per capita income is estimated at ₹68,612 at constant prices. Jharkhand holds the 26th position in national ranking, the same as at state formation, ahead of Bihar and Uttar Pradesh. The unemployment rate has decreased from 7.7% to 1.3%. The target is to exceed a 10 lakh crore economy by 2029-30, requiring a growth rate of 14.2%. The current GSDP is ₹4610 crore.

Sectoral Composition [10:33]

The economy is divided into primary (agriculture), secondary (industries and manufacturing), and tertiary (service) sectors. The service sector has the highest share at over 40%, with the secondary sector growing at 7.9% and contributing 35.4% to the GDP. The agricultural sector's contribution has decreased to 20%, with a growth of only 2.5%.

Inflation Scenario [13:18]

The average inflation rate for 2023-24 is 5.7%, within the target of 6%. The rate decreased to 4% between April and October 2024. Jharkhand's inflation rate has been lower than the national average for all seven months of the current financial year.

Multidimensional Poverty [14:16]

Poverty has dropped to 28.81% from 42.10%, a reduction of 13.29%. Rural poverty is at 34.93%, while urban poverty is at 8.67%. The intensity of poverty has decreased from 47.92% to 45.59%.

Poverty Map Analysis [15:44]

West Singhbhum is the poorest district in Jharkhand, while East Singhbhum has the lowest poverty. Sahibganj also has high poverty due to its tribal population and reliance on agriculture. Poverty intensity has decreased, and Jharkhand has seen a significant number of people move out of the poverty line.

Fiscal Development and Budget [18:30]

The budget has increased from ₹667 crore in 2001-02 to ₹128,900 crore in 2024-25. The budget exceeded ₹1 lakh crore in 2023-24. The estimated growth for 2024-25 is 19.4%. Jharkhand ranks fourth in the NITI Aayog Fiscal Health Index and is in the "Achiever" category among 18 general states. It ranks first in fiscal prudence.

Quick Revision and Expected Questions [20:44]

A quick revision of key data points is provided, including current growth rate (6.7%), per capita income (₹68,612), unemployment rate (1.3%), poverty rate (28.81%), and fiscal health rank (4th). Expected questions are discussed, such as the projected GSDP growth for 2024-25 (7.5%) and Jharkhand's rank in the NITI Aayog Fiscal Health Index (4th).

Banking Landscape Overview [22:45]

Public sector banks dominate with 64% of bank branches and 73% of ATMs. Private sector banks hold the second position with 14% of branches and 24% of ATMs. There are over 3200 bank branches and 3400 ATMs. Only 14% of ATMs and 42% of branches are located in rural areas. State Bank of India is the top bank in Jharkhand, followed by Bank of India and Canara Bank.

Financial Inclusion in Left Wing Extremism Districts [29:16]

The number of Left Wing Extremism-affected districts has reduced from 19 to 16. The goal is to reduce dependency on informal and exploitative finance. Giridih has the maximum banking correspondents, while Khunti has the minimum. Ranchi has the most bank branches, and Lohardaga has the fewest.

Abua Awas Yojana [32:29]

Launched on November 15, 2023, this state-sponsored scheme aims to provide permanent housing to poor and homeless families excluded from the Pradhan Mantri Awas Yojana. It targets constructing 20 lakh houses by 2027-28, with a grant of ₹2 lakh per beneficiary for a minimum house size of 31 square meters.

Panchayati Raj Structure and Finance [35:43]

Jharkhand has a three-tier Panchayati Raj system with 4345 Gram Panchayats, 264 Panchayat Samitis, and 24 Zila Parishads. The 15th Finance Commission allocated ₹36,805 crore, with a 67:33 ratio for rural and urban areas. New initiatives include Panchayat Gyan Kendra libraries, Panchayat Sudharikaran (₹15,000 per month for maintenance), and Digital Panchayat services.

New Panchayat Initiatives and Awards [38:05]

New initiatives include establishing libraries in all Gram Panchayats by 2027 and providing ₹15,000 per month for panchayat maintenance. Digital Panchayat aims to offer services like death certificates and tele medicine. The PESA rules have been drafted and submitted for cabinet approval. Kapilo Panchayat won the Deen Dayal Upadhyay Panchayat Award, and Munni Devi received the Jal Jeevan Mission honor.

Urbanization Statistics [42:58]

Jharkhand has a rural population of 75.95%. In 2001, East Singhbhum had the highest urbanization, and Godda had the lowest. Between 2001 and 2011, Ranchi saw the highest growth, while Hazaribagh recorded negative growth. Dhanbad currently has the highest urbanization, and Godda has the lowest.

Urban Social Indicators [45:59]

Literacy rates have increased overall, but female literacy growth is slower than male. Women holding bank accounts and property has increased. Total fertility rate, stunting, and child mortality have declined. Reported domestic violence has increased, indicating better reporting.

Agriculture and Allied Sector [48:32]

Jharkhand has a subtropical climate with three main seasons. The primary challenge is dependence on rain-fed agriculture due to uneven rainfall. Diversification into horticulture and organic farming is a key opportunity. The average land holding size is 1.17 hectares. Jharkhand was the first state in India to start organic farming.

Land Use and Agro-Climatic Zones [54:12]

Forest cover is 29.81% according to the India State of Forest Report 2023. Jharkhand falls under agro-climatic zone seven and is divided into three sub-agro-climatic zones: Central and North Eastern Plateau Region, Western Plateau Region, and South Eastern Plateau Region.

Crop Status and Irrigation [1:00:37]

Paddy is the main crop, covering 90% of the area. Rabi crops are sown in October-November and harvested in March-April, with wheat being the main crop. Canals are the primary source of irrigation.

Farmer Schemes and Initiatives [1:06:15]

The Krishak Rin Mochan Yojana, launched on September 26, 2024, waives loans up to ₹2 lakh. The Jharkhand State Millet Mission promotes coarse grains with incentives. Crop intensity is 142.5%.

Food Security and Nutrition Security [1:12:00]

Food security involves physical, social, and economic access to safe and nutritious food. Jharkhand has 70 lakh families covered under the National Food Security Act (NFSA) 2013, with Pink, Yellow, Green, and White cards. The state has 2516 fair price shops, with Ranchi having the most.

Key Schemes and Initiatives [1:15:58]

Key schemes include the Mukhya Mantri Krishi Ashirwad Yojana, the Jharkhand State Millet Mission, and the PVTG Dakiya Yojana, which provides 35 kg of rice to Particularly Vulnerable Tribal Groups (PVTGs). The Saari-Dhoti scheme provides clothes for ₹10, and the PM Dal Bhat Yojana offers meals for ₹5.

Fighting Malnutrition and Key Questions [1:21:47]

The SAMAR scheme aims to reduce malnutrition and anemia. National Nutrition Initiatives include Poshan Abhiyan and PM Poshan. The Integrated Child Development Services (ICDS) provides immunization, health check-ups, and pre-school education.

Industrial Sector, Mining, and Handicrafts [1:29:02]

The industrial sector contributes 44% to the economy, with steel, iron, coal, and cement being the major sectors. FDI inflow from October 2019 to September 2024 is ₹19,383 crore. Key industrial policies include the Industrial and Investment Promotion Policy 2021 and the Make in Jharkhand policy.

Industrial Parks and Policies [1:32:08]

The Industrial Investment Promotion Policy 2021 is the fourth industrial policy of Jharkhand, emphasizing land banks and single-window clearances. The Sphurti Scheme aims to rejuvenate traditional industries, with bamboo craft in West Singhbhum, jewelry in Ramgarh, and woodcraft in Bokaro.

Jharkhand Silk, Handicrafts, and Mining [1:34:50]

Jharkhand contributes 76.4% to India's total tasar production. Jharcraft, established in 2006, promotes silk, handloom, and handicrafts. The state has 40% of India's mineral resources.

Infrastructure: ICT, Transportation, and Energy [1:41:12]

The three pillars of infrastructure are information communication, transportation, and energy. JharNet 1.0 was established in 2005-06, and JharNet 2.0 was launched in May 2021. Jharkhand has 4580 post offices.

Road, Rail, and Air Connectivity [1:45:36]

The Mukhyamantri Gram Gaadi Yojana connects rural blocks to district headquarters. The Ranchi division is the newest railway division, established in 2003. The Udan scheme aims to enhance air connectivity, with Jamshedpur being added in 2023.

Energy Sector and Renewable Energy [1:50:27]

Jharkhand is the first state in India to launch an underground coal gasification project in Jamtara. The state has a solar potential of 18,180 MW. A floating solar project with a capacity of 600 MW is located in Chandil.

Energy, Employment, and MGNREGA [1:55:02]

The Mukhyamantri Ujjwal Jharkhand Yojana aims to provide free electricity connections. MGNREGA guarantees 100 days of employment for rural families, with an average of 50 days provided in 2023-24 and a wage rate of ₹244.99.

Skill Development and Education [1:59:28]

Key state skill initiatives include the Mukhyamantri Sarathi Yojana, with sub-schemes like Taksham Jharkhand and Birsa Yojana. The literacy rate has increased to 76%, with female literacy at 70%. Jharkhand has 38 universities, with 18 being private.

Education Schemes and Initiatives [2:05:37]

Key schemes include PM Shri School and CM School of Excellence. The state has implemented Gyan Setu Program and aims for zero dropouts in panchayats. Student support scholarships include the Guruji Student Credit Card Scheme and the Marang Gomke Scholarship Scheme for overseas studies.

Health, Nutrition, and Sanitation [2:11:25]

Jharkhand has 4835 health institutions. Key schemes include the National Health Mission and PM Poshan. The state achieved 100% open defecation-free status in 2018-19.

Women and Child Development [2:16:16]

Major social issues include domestic violence and child marriage. Key schemes include Mission Poshan 2.0 and the Mukhyamantri Maiya Samman Yojana, which provides ₹2500 per month to women.

Social Security Schemes [2:24:18]

Social security schemes include old-age pensions, widow and disability pensions, and the Mukhyamantri Sarvajan Pension Yojana. The National Family Benefit Scheme provides a one-time help of ₹20,000.

Demographics and Tribal Welfare [2:27:28]

Scheduled Tribes (ST) constitute 26.2% of the population, and Scheduled Castes (SC) constitute 12.08%. The top four tribes are Santhal, Oraon, Munda, and Ho. There are nine Particularly Vulnerable Tribal Groups (PVTGs).

Tribal Sub Plans and Welfare Schemes [2:34:04]

Tribal Sub Plans (TSP) aim for the overall development of tribal areas. Key schemes include the Marang Gomke Jaipal Singh Munda Pardeshi Scholarship Scheme and the Birsa Awas Yojana.

Natural Resources, Tourism, and Sports [2:37:56]

Jharkhand is known as the Coal Capital of India, holding 27% of the country's coal reserves. The state is also known for its tourism potential, with waterfalls, wildlife sanctuaries, and religious sites. Key sports include hockey, with S