29, February, 2024
HomeIndiaUttar Pradesh Unveils Ambitious Rs 7.46 Lakh Crore Budget for 2024-25: Focus on Growth and Development

Uttar Pradesh Unveils Ambitious Rs 7.46 Lakh Crore Budget for 2024-25: Focus on Growth and Development

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Uttar Pradesh Finance Minister, Suresh Kumar Khanna, presented the state’s budget for the financial year 2024-2025 in the assembly on Monday.

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The budget, with an outlay of Rs 7.36 lakh crore, surpasses the current budget of Rs 6.90 lakh crore, marking a significant allocation for the state’s progress. Noteworthy is the inclusion of new schemes amounting to Rs 24,863.57 crore in the overall outlay for the upcoming year.

During the budget presentation, Khanna highlighted the success of the UP government in uplifting approximately 6 crore people from poverty. He proudly announced that the state’s current unemployment rate stands at a mere 2%. A pivotal move was the approval of the semiconductor policy, aiming to foster the establishment and growth of semiconductor units within the state. This policy is anticipated to attract substantial investment, both domestically and internationally, positioning Uttar Pradesh as the fourth state in the country to implement such a strategic approach.

In addition to these initiatives, Khanna outlined plans for the development of Aero City in Lucknow, drawing inspiration from Delhi’s model. This visionary project, spanning about 1500 acres, is set to include a 7-star hotel, a park, world-class convention centers, and other state-of-the-art facilities.

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The budget presentation reflects Uttar Pradesh’s commitment to economic growth, job creation, and infrastructure development, showcasing a comprehensive strategy to propel the state forward.

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