Assam Budget: Ajanta Neog’s Rs 2.63 lakh crore plan offers sops to youth, tea garden workers

Assam Finances 2025 Particulars: Assam Finance Minister Ajanta Neog on Monday unveiled a Rs 2.63 lakh-crore Finances for the monetary yr starting April 1, marking the Himanta Biswa Sarma-led BJP authorities’s final full-year Finances earlier than the Meeting polls due in March-April subsequent yr. Neog’s Finances proposes sops for jobless graduates and tea garden workers whereas exempting a piece of the salaried class (these incomes up to Rs 15,000 per 30 days) from skilled tax within the state, a transfer set to profit greater than 1.43 lakh taxpayers or households.

Listed below are key issues to know in regards to the newest Assam Finances: 

• The poll-bound Finances pegged a deficit of Rs 620.3 crore on the finish of FY26, given an estimated surplus of Rs 1,954.7 crore and the opening deficit of Rs 2,575 crore.
• The Finances proposes no new tax for most people however offers extra aid to virtually 1.5 lakh salaried people within the state.
• The most recent Assam Finances proposes to lengthen a tax vacation for inexperienced tea leaves for 2 extra years to alleviate the challenges confronted by the business. Moreover, it offers a one-time money advantage of Rs 5,000 to 6.8 lakh garden workers.
• The state finance minister introduced flagship scheme Chief Minister’s Jibon Prerana to present monetary support to graduates for a yr throughout their job-seeking interval.
• The finance minister mentioned that the initiative just isn’t an unemployment allowance, however motivational assist to assist them put together for aggressive exams, interviews and entrepreneurial pursuits. “I’m glad to announce Rs 2,500 per 30 days to the graduates passing out in 2025 from authorities universities/schools of Assam,” she added. 
• The federal government additionally seeks to present a one-time Rs 25,000 grant to the analysis students of state and central authorities universities, an initiative aimed toward offering monetary help of Rs 50,000 to analysis students with disabilities. The state authorities plans to launch the scheme in October with an allocation of Rs 25 crore.
• The most recent Assam Finances proposes to reduce the electrical energy fee by Re 1 per unit beneath Jeevan Dhara and home customers on up to 120 items a month, giving aid to 48 lakh customers.
• Acknowledging the assorted challenges confronted by the tea business, the state finance minister introduced the extension of a tax vacation on inexperienced tea depart workers beneath the Assam Taxation (on Specified Lands) Act, 1990, for an additional two years, efficient January 1, 2025. Neog additionally introduced a one-time monetary help of Rs 5,000 to every of 6.8 lakh current tea garden workers.
• Although Neog talked about Rs 6.44 lakh crore because the Gross Home Product (GSDP) for 2024-25 fiscal registering 13 per cent development, she didn’t make any projection of the identical for the subsequent fiscal.
• “Our authorities’s complete efforts have enabled about 46.87 lakh individuals to escape multidimensional poverty in Assam, as per the most recent report by the Niti Aayog,” mentioned the Assam FM.

With inputs from businesses