In a major boost to the long-term development of the state, the Finance Minister of Uttar Pradesh, Suresh Khanna announced a capital expenditure of ₹2,48,225 crore in the state’s budget for the financial year 2021-22. Out of this, a whopping ₹1,77,744 crore has been allocated for capital outlay, which will be used to empower key sectors such as agriculture, infrastructure, employment, medical colleges, energy and many others. This move by the state government is a testimony to its strong commitment towards the overall progress and prosperity of Uttar Pradesh.
The capital outlay is a significant aspect of the state budget as it focuses on the creation of long-term assets, which are crucial for the growth of any economy. The fact that the state government has allocated such a large sum for this purpose speaks volumes about its vision and determination to take Uttar Pradesh to new heights of development and progress. This will not only bring about a positive change in the state’s economy but also improve the standard of living of its people.
One of the key sectors that will benefit from this capital outlay is agriculture. The state government has allocated ₹7000 crore to boost agricultural production, which will go a long way in achieving the goal of doubling farmers’ income. This will be achieved through various measures such as the development of modern infrastructure, promotion of organic farming, and the introduction of new technologies. This move will not only benefit the farmers but also strengthen the agriculture sector, which is the backbone of the state’s economy.
Another key sector that will receive a significant share of the capital outlay is infrastructure. The state government has earmarked ₹63,958 crore for infrastructure development, which includes roadways, waterways, and airways. This will not only improve the connectivity within the state but also facilitate trade and commerce, ultimately leading to economic growth and job creation. The development of new industrial corridors and freight corridors will attract investments and boost employment opportunities in the state.
The capital outlay will also be used for the development of medical colleges, which is a crucial step towards strengthening the healthcare infrastructure of the state. With an allocation of ₹4431 crore, the government aims to establish one medical college in each of the 75 districts, providing better access to healthcare facilities for the people. This will not only address the shortage of doctors but also pave the way for quality healthcare services in the state.
The state government has also focused on the energy sector, with an allocation of ₹22,954 crore for power generation, transmission, and distribution. This will not only increase the availability of electricity in rural areas but also bring down the cost of electricity for domestic and industrial consumers. The state’s ambitious project of providing 24-hour power supply to all villages and cities will also be given a boost through this capital outlay.
Apart from these, the capital outlay will also benefit multiple other sectors such as education, tourism, MSMEs, and social welfare. The government has allocated ₹5600 crore for the construction of new schools and ₹3237 crore for the development of tourism infrastructure. The MSME sector, which is the backbone of the state’s economy, will receive a boost with an allocation of ₹2500 crore. This will create a conducive environment for the growth of small businesses and generate employment opportunities.
Furthermore, the state government has also kept the welfare of its citizens at the forefront with an allocation of ₹20,435 crore for various social welfare schemes. This will not only ensure the well-being of the marginalized sections of society but also promote inclusive growth in the state.
In conclusion, the capital outlay of ₹1,77,744 crore in the state budget is a clear indication of the state government’s commitment to the long-term development of Uttar Pradesh. The allocation of funds to key sectors will not only boost the state’s economy but also improve the standard of living of its people. This move by the government is a step in the right direction and will go a long way in making Uttar Pradesh a leading state in terms of development and progress.
