The Champai Soren government in Ranchi has prioritized education, social welfare, and farm loan waivers in its budget for the 2024-25 financial year. The budget also includes allocations for pucca homes, pensions, anganwadi centers, scholarships, and food safety. Read more about the key highlights of the budget.
Jharkhand government presents Rs 1.28 lakh crore budget to make Jharkhand a Rs 10 lakh crore economy. Introduces separate Bal budget, proposes building houses, increasing beneficiaries under food security scheme, starting leader schools, establishing colleges, setting up technology park. Plans to set up medical college, attract investment creating jobs.
Farmers protest: Loan waivers can have significant consequences that extend beyond the immediate beneficiaries, impacting the entire credit framework. Reports suggest that states implementing loan forgiveness schemes often see a surge in NPAs, potentially leading to disruptions in credit discipline.