The Gujarat Government has presented a Rs 2.27 lakh crore budget for the year 2021-2022, with major allocations to urban development, ports, water infrastructure, health infrastructure, and the Ahmedabad-Mumbai bullet train project. This is the state’s largest budget so far.
The state government made major allocations of Rs 32,000 crore to the education sector and Rs 11,323 crore to the health and family welfare department.
The state’s Finance Minister Nitinbhai Patel announced that the state would not increase the current tax rates in the Budget 2021-22 and will not impose any new tax. The state government has also given relief in stamp duty, electricity tax, motor vehicle tax, and others. Various concessions have been given to small businesses and industrial units for the resumption of economic activities.
The move comes after a Rs 14,000 crore relief package was announced in June 2020 for various sections in terms of tax, food security measures and other assistance.
Key allocations in Gujarat Budget 2021-22 related to construction, infrastructure, and industry:
Other key allocations:
Also read: Jumbo UP budget encloses much for infra