Uttar Pradesh finance minister Suresh Kumar Khanna has mentioned growing agriculture progress within the state was one of many keys to Uttar Pradesh changing into a trillion-dollar economy by 2027.
He additionally mentioned the Yogi authorities was making all doable efforts to speed up the agriculture progress on the one hand and enhancing earnings of farmers on the opposite.
“For UP to achieve the target of becoming a one trillion-dollar economy, it is very essential that the agriculture growth in the state goes up to 20% from the current 15%,” he mentioned whereas talking within the “Coffee with HT” programme right here. The different sectors the place the expansion fee wanted to be elevated had been manufacturing and repair, he added.
The authorities, in accordance to Khanna, is constantly endeavouring to enhance agriculture manufacturing and productiveness and create marketplace for farmers’ produce. “This is within this objective only that the Budget I presented on Thursday also seeks to spend ₹1,000 crore on minor irrigation besides setting up 15,000 solar pumps. We have also halved the power tariff applicable on farmers’ tube wells,” he mentioned.
The minister mentioned a document procurement of wheat and paddy underneath the minimal assist value (MSP) system was carried out within the state over the past 5 years whereas the cane dues paid to farmers had been ₹95,000 crore greater than what the earlier authorities paid between 2012 and 2017. He mentioned each farmers and agriculture sectors would have been in a a lot better place by now had the Covid-19 not occurred losing two years.
The minister mentioned the federal government was getting a household survey carried out after which it could be certain that a minimum of one member in every household will get job or turns into able to self-employment.
“Though the rate of employment in U.P. has come down from 18% in 2016 to just 2.9% now, our government is trying to create more and more jobs in the state,” he mentioned. Khanna mentioned extra spending on infrastructure would robotically generate extra jobs.
“We also feel that anyone who is skilled never remains unemployed and the government is trying to develop skills of people to make them more employable,” he mentioned. The finance minister mentioned the federal government additionally offered jobs to 4.50 lakh individuals in varied authorities departments over the past 5 years.
On VAT lower on gasoline
The minister mentioned the value-added tax (VAT) on diesel and petrol in U.P. was one of many lowest within the nation and therefore the state had no proposal for any additional lower.
“The VAT on petrol and diesel was lower in U.P. than most other states, including Rajasthan, even before the Centre reduced the excise duty on the auto fuel in November last year and recently this month,” he mentioned.