Assam Budget Major Announcement: Funds for 2 lakh entrepreneurs, 40,000 fresh govt hirings

Assam Budget 2023:  The Assam government presented a Rs 935.23 crore deficit budget for the fiscal year 2023-24 on Thursday, announcing funds to promote micro-entrepreneurship and new recruitments in various departments. Finance Minister Ajanta Neog said during the budget presentation in the assembly that the government will invest Rs 5,000 crore to “transform” over 2 lakh unemployed youths into job creators.

She stated that the government will invest Rs 5,000 crore to “transform” over 2 lakh unemployed youths into job creators. “After adding the receipts of Rs 1,80,298.83 crore under the public account and Rs 2,000 crore under the contingency fund, the aggregate receipts amount to Rs 3,21,742.71 crore,” the minister said in his Budget speech. Taking into account the public account expenditure of Rs 1,79,326.48 crore and the contingency fund expenditure of Rs 2,000 crore, the total expenditure for the year is estimated to be Rs 3,21,081.75 crore.”

Govt of Assam is well ahead on its way to deliver its promise of providing one lakh jobs. Remaining 40,000 recruitment will be completed in a few months.#AssamBudget2023 pic.twitter.com/MaJKQ1Xw8O

— MyGov Assam (@mygovassam) March 16, 2023

The Minister revealed that the estimated transactions for the year will result in a surplus of Rs 660.96 crore. “This, combined with the opening deficit of Rs 1,596.19 crore, will result in a budget deficit of Rs 935.23 crore at the end of fiscal year 2023-24,” she added.

Also Read: Assam Cabinet: Assam Govt to centralise teacher recruitment, Established Assam College Service Recruitment Board

Assam Budget 2023 Important Announcement:

The Finance Minister, Neog, stated that the Himanta Biswa Sarma-led government will complete its two-year term on May 10, 2023. By that date, 40,000 young people will be hired in various departments. It is a step towards the government’s goal of providing one lakh government jobs.

“Our government has already employed approximately 42,000 young people across various departments… The remaining 18,000 are in various stages of recruitment and will be finished very soon “She went on to say. Over the next three years, the Assam government will also spend Rs 5,000 crore to “transform” over 2 lakh youths into job creators.