Telangana budget 2018 today: Here are the highlights
The Telangana government on Thursday presented the budget for the financial year 2018-19. Telangana Finance Minister Etela Rajender presented the State Budget for 2018-19 on Thursday. He is expected to continue the government's focus on allocations to the irrigation sector.
He will also allocate funds to the financial assistance scheme being rolled out for farmers. The government had announced that farmers will get ₹4,000 for every cultivated acre suring kharif and rabi seasons.
The Finance Minister will allocate funds for the financial assistance scheme being rolled out for farmers beginning later this month. The Budget size is likely to cross the Rs 1,80,000 crore for the year as against Rs 1,49,000 crore for 2017-18.
Here are the budget speech highlights.
- Telangana Budget allocates Rs 500 crore for farmers' insurance. Offers Rs 5 lakh cover.
- Rs 12,000 crore allocated for Rythu Lakshmi scheme. To give Rs 4k each in rabi and kharif an acre.