UP Budget LIVE: Finance Minister Suresh Khanna presents record over Rs 7 lakh crore allocation

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The budget session for 2024-25 of the Uttar Pradesh Legislative Assembly will commence today. The Yogi government is expected to allot funds for building three to four new industrial corridors along with an expansion plan for Lucknow Metro. The government is also likely to allot funds for Gorakhpur, Varanasi, and Prayagraj Metro projects. There might be a special focus on preparations for Kumbh and the development of religious places like Ayodhya and Kashi. Earlier, Finance Minister Suresh Kumar Khanna had said that the budget is a document of restoration of ancient cultural glory in the state as well as following all the modern parameters of development.

Khanna said that about 124 rural stadiums and multipurpose halls have been constructed in 117 development blocks of the state. 53,800 Yuvak Mangal Dal and 51,300 Mahila Mangal Dal have been formed in the Gram Panchayats of the state. Through these, the participation of youth has been ensured in works of national and social importance.

Khanna said that continuous efforts are being made by the state government to increase air connectivity in the state. This objective is being fulfilled through the Regional Connectivity Scheme (RCS-UDAN) of the Government of India and the Uttar Pradesh Civil Aviation Promotion Policy of the State Government.

A record sugarcane price payment of more than Rs 2.33 lakh crore was made by the present government to about 48 lakh sugarcane farmers from the year 2017 to January 29, 2024, said the minister. This cane price payment brings the combined cane price payment of the last 22 years from Rs 2.1 lakh crore to Rs 20,274 crore.


The Finance Minister said that under the Pradhan Mantri Fasal Bima Yojana, a compensation of Rs 831 crore was paid to about 10 lakh insured farmers for 2022-2023 until October 2023.


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