Jharkhand government has announced 2 new schemes namely Unemployment Allowance Scheme for youths & Farm Loan Waiver Scheme for farmers in Budget 2020-21. In the Jharkhand Kisan Karj Mafi Yojana, the state govt. will waive loans of farmers upto Rs. 50,000 per farmer. Jharkhand CM Hemant Soren has allocated a provisional sum of Rs. 2,000 crore for Kisan Karz Mafi Yojana. Jharkhand CM has also announced to start unemployment allowance scheme in which each jobless youth will get financial assistance till the time they get employment.
In Jharkhand Budget 2020-21, various public welfare schemes have been announced. These scheme includes farm loan waiver, unemployment allowance, free power, free treatment for critical illnesses and universal scholarship for govt. school students.
Jharkhand Finance Minister Rameshwar Oraon presented the first budget of the alliance government led by Mr. Hemant Soren which came to power in December 2019.
Jharkhand Budget 2020-21 is presented in the state assembly at an estimated cost of Rs. 86,370 crore. The revenue and capital expenditure is estimated at Rs. 73,316 crore and Rs. 13,054 crore respectively. Around 75% of total Jharkhand population depends on agriculture and allied activities. The state govt. of Jharkhand is determined for the development of people associated with farming sector and thus will start Farm Loan Waiver Scheme. Moreover to tackle unemployment, all the job-less youths will get unemployment allowance.
Jharkhand government has decided to start a short-term farm loan waiver scheme for farmers whose income share goes in repaying farm loan. In the 1st phase of Jharkhand Kisan Karj Mafi Yojana 2020-21, farm loans upto Rs. 50,000 will be waived. The state govt. will assess the total number of farmers who had taken loan and total amount that needs to be repaid. Another major budgetary provision has been made for those people who consumes less than 300 units of power. Such people will not have to pay any electricity dues for first 100 units.
The state govt. will provide unemployment allowance of Rs. 5,000 p.a (for 2 years) to all those unemployed youths who had earned their bachelor degree (graduation) in last 3 years. Moreover, govt. will also provide Rs. 7,000 to all those jobless candidates who earned their masters’ degree (post-graduation) in past 3 years. All the Jharkhand unemployment allowance scheme beneficiaries are required to be registered with employment exchange for jobs. The state government has made budgetary provision of Rs. 146 crore.
The state govt. of Jharkhand is also going to provide universal scholarship for students enrolled in government schools from Class 1st to 12th under the Chief Minister Special Student Scholarship scheme. All those families who annual income is less than Rs. 8 lakh will now get free treatment for critical illness such as cancer and kidney and liver ailments in top-notch health institutions of the country. CM also announced to provide an additional amount of Rs. 50,000 to PM Awas Yojana beneficiaries. Ration would also be provided to 10 lakh people above 50 years of age.