+
Himachal CM unveils Rs 584.44 billion budget 2024-25
ECONOMY & POLICY

Himachal CM unveils Rs 584.44 billion budget 2024-25

The Congress-ruled government in Himachal Pradesh, led by Sukhvinder Singh Sukhu, Chief Minister, presented a budget of Rs 584.44 billion for the financial year 2024-25 on Saturday, with the aim of achieving self-reliance in the northern state.

It was mentioned that in the financial year 2023-24, the budget size was Rs 534.13 billion.

For the ongoing financial year 2023-24, the state government estimated a growth of 7.1 per cent, with the State Gross Domestic Product projected to be Rs 2.07 trillion. The annual per capita income was also estimated at Rs 235,199.

Sukhu, who also handles the finance portfolio, made a significant announcement, stating that his government would procure 20 quintals of naturally grown grains per family at a Minimum Support Price (MSP) of Rs 40 per kg and maize at the rate of Rs 30 per kg.

He mentioned that the government is promoting self-reliance among farmers by creating opportunities for self-employment and employment through natural farming, with 36,000 farmers already adopting natural farming.

The state government's plan includes the development of 2,500 agricultural clusters over 3 to 5 years under the 'Himachal Pradesh Agriculture Mission', focusing on promoting high-value crops. A detailed action plan will be prepared to boost the production of coarse grains in the State.

Financial assistance, with an 80% subsidy, will be provided to fish farmers for the construction of new fishing ponds covering an area of 20 hectares.

In the green energy sector, Chief Minister Sukhu, addressing the Assembly, announced that the largest 'Solar Power Project' with a capacity of 32 MW in Pekhubella will be commissioned by the end of March 2024. The 'Aghlor Solar Power Project' in Una, with an installed capacity of 10 MW, is set for commissioning by June 2024. Additionally, the Bhanjal (Una) Solar Power Project, with a capacity of 5 MW, will be dedicated to the people of the State by September 2024.

Regarding tourism infrastructure, Sukhu stated that the Rehabilitation and Resettlement (R&R) Plan for the proposed expansion of Gaggal Airport will be finalized soon, and land acquisition work will commence.

The Congress-ruled government in Himachal Pradesh, led by Sukhvinder Singh Sukhu, Chief Minister, presented a budget of Rs 584.44 billion for the financial year 2024-25 on Saturday, with the aim of achieving self-reliance in the northern state. It was mentioned that in the financial year 2023-24, the budget size was Rs 534.13 billion. For the ongoing financial year 2023-24, the state government estimated a growth of 7.1 per cent, with the State Gross Domestic Product projected to be Rs 2.07 trillion. The annual per capita income was also estimated at Rs 235,199. Sukhu, who also handles the finance portfolio, made a significant announcement, stating that his government would procure 20 quintals of naturally grown grains per family at a Minimum Support Price (MSP) of Rs 40 per kg and maize at the rate of Rs 30 per kg. He mentioned that the government is promoting self-reliance among farmers by creating opportunities for self-employment and employment through natural farming, with 36,000 farmers already adopting natural farming. The state government's plan includes the development of 2,500 agricultural clusters over 3 to 5 years under the 'Himachal Pradesh Agriculture Mission', focusing on promoting high-value crops. A detailed action plan will be prepared to boost the production of coarse grains in the State. Financial assistance, with an 80% subsidy, will be provided to fish farmers for the construction of new fishing ponds covering an area of 20 hectares. In the green energy sector, Chief Minister Sukhu, addressing the Assembly, announced that the largest 'Solar Power Project' with a capacity of 32 MW in Pekhubella will be commissioned by the end of March 2024. The 'Aghlor Solar Power Project' in Una, with an installed capacity of 10 MW, is set for commissioning by June 2024. Additionally, the Bhanjal (Una) Solar Power Project, with a capacity of 5 MW, will be dedicated to the people of the State by September 2024. Regarding tourism infrastructure, Sukhu stated that the Rehabilitation and Resettlement (R&R) Plan for the proposed expansion of Gaggal Airport will be finalized soon, and land acquisition work will commence.

Next Story
Building Material

Viva ACP Launches Experience Centre in Nashik

Viva ACP, one of Asia’s leading manufacturers of Metal Composite Panels (MCP), has unveiled a new state-of-the-art Experience Centre in Nashik. Situated at Plot No. 10, Kathe Industrial Estate, Tigrania Road, Dwarka, the centre aims to make Viva’s premium cladding solutions more accessible to architects, developers, and design professionals in Western India. The centre was formally inaugurated by Prakash Jain, Chairman and Managing Director, Viva Composite Panel, along with Nitin Jain and Mayank Jain, Directors at the company. Conceptualised as an interactive and immersive space,..

Next Story
Technology

Hikrobot Launches HDMI Video Micro System in India

India, July 2025: Hikrobot has introduced its HDMI Video Micro System in the Indian market, offering a plug-and-play imaging solution that combines 2K high-definition clarity, real-time streaming, and portability. The system is designed for professionals in sectors such as industrial inspection, medical research, forensic science, education, and precision manufacturing. Unlike traditional imaging setups that require external PCs and complex software, the Hikrobot HDMI Video Micro System provides direct output to an HDMI display, eliminating setup complications and improving usability.&nbs..

Next Story
Real Estate

Stone Wood Hotels Appoints Shishir Kumar Jena as CFO

Stone Wood Hotels & Resorts has announced the appointment of Shishir Kumar Jena as Chief Financial Officer. This key leadership move aligns with the boutique hospitality group’s ongoing national expansion. Shishir Kumar Jena brings over 32 years of experience in hospitality finance, having held senior positions with renowned brands such as Acron, Radisson, and Fortune Inn Exotica. His expertise spans financial strategy, operational efficiency, revenue optimisation, and aligning financial performance with guest satisfaction. Throughout his career, Jena has maintained a consisten..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?