Tamil Nadu Budget highlights | Hut-free T.N., ?1000 dole for college-going boys, AI mission: Key takeaways

Measures towards achieving the $1-trillion economy target will be keenly watched

February 19, 2024 07:34 am | Updated 05:59 pm IST

Tamil Nadu Chief Minister M.K. Stalin and Finance Minister Thangam Thennarasu arrive at the Assembly to present the State Budget for 2024-25 on February 19, 2024 in Chennai

Tamil Nadu Chief Minister M.K. Stalin and Finance Minister Thangam Thennarasu arrive at the Assembly to present the State Budget for 2024-25 on February 19, 2024 in Chennai

Finance Minister Thangam Thennarasu presented the State Budget for 2024-25 on February 19, ahead of the upcoming Lok Sabha election. Amid a tight financial situation, the Budget – to be presented with the theme ‘Crossing obstacles and marching towards growth’ – will be keenly watched to see whether the DMK Government bats for fiscal prudence or populism.

Fiscal 2023-24 has been challenging for the State’s finances, owing to the heavy floods in Chennai and southern districts.

Track latest updates here:
Watch on YouTube

??

??

  • February 19, 2024 17:59
    AIADMK dismisses budget as ‘mirage’

    AIADMK general secretary Edappadi K. Palaniswami dismissed the Tamil Nadu State Budget 2024 as a “mirage”, and said it would not benefit anyone.?

    T.N. Budget 2024 | Palaniswami dismisses budget as ‘mirage’, says it will not benefit anyone

  • February 19, 2024 17:42
    Neithal Meetchi Iyakkam

    The Tamil Nadu government, unveiled TN-SHORE (Neithal Meetchi Iyakkam), a scheme to restore coastal resources across 14 districts of the State, spanning 1,076 km, to be implemented at an estimated cost of ?1,675 crore.

    T.N. Budget | Coastal resources to be restored; conservation fund to protect endangered species

  • February 19, 2024 16:05
    Reimbursement of property tax scheme expanded to all ex-servicemen

    The Tamil Nadu government has announced that the property tax reimbursement scheme would be expanded to all ex-servicemen.

    T.N. Budget 2024 | Reimbursement of property tax scheme expanded to all ex-servicemen

  • February 19, 2024 15:32
    Olympic academics in four districts

    The Tamil Nadu government will establish four Olympic Academies in Chennai, Madurai, Tiruchi and the Nilgiris to provide world-class training in various sports, said Finance Minister Thangam Thennarasu.

    T.N. Budget 2024 | Olympic academies to be set up in Chennai, Madurai, Tiruchi and the Nilgiris

  • February 19, 2024 15:25
    Upgradation in extended areas of Corporations

    T.N. Finance Minister Thangam Thennarasu announced a sum of ?300 crore for the upgradation of roads “in the rapidly-growing extended areas adjacent to municipal corporations such as the Greater Chennai Corporation.”

    T.N. Budget 2024 | Roads, lighting to be upgraded in extended areas of municipal corporations at ?300 crore

  • February 19, 2024 15:15
    ‘Tamizh Pudhalvan’ scheme to incentivise college-going boys

    Following the success of the Moovalur Ramamirtham Ammaiyar Pudhumai Penn Scheme, the Tamil Nadu government announced the ‘Tamizh Pudhalvan’ scheme to benefit boys, who have studied in government schools from classes 6 to 12, by providing them with financial assistance of ?1,000 a month in their bank accounts for their higher education.

    T.N. Budget 2024 | ?1,000 a month for boys who have studied in government schools, to pursue higher education

  • February 19, 2024 15:04
    CM Breakfast Scheme and transpersons’ education

    The flagship Chief Minister’s Breakfast Scheme will be extended to government-aided schools in rural areas from the upcoming academic year.?

    Another significant announcement is the government’s decision to cover all educational expenses, including tuition and hostel fees, for transpersons who want to pursue higher education.?

    T.N. Budget 2024 | CM’s breakfast scheme extended to aided schools in rural areas; government to cover higher education expenses of transpersons

  • February 19, 2024 14:50
    BJP slams DMK’s Budget for T.N.

    The state BJP president K. Annamalai said the Tamil Nadu government has made the same empty announcements, which it has been making for the last three years, in this year’s Budget as well.

    T.N. Budget 2024 | Same empty budget announcements year after year, slams BJP leader Annamalai

  • February 19, 2024 14:38
    Key announcements

    A scheme to provide ?1,000 a month to boys who have studied in government schools from classes 6 to 12 and are pursuing higher education, the Chief Minister’s Thayumanavar scheme for poverty alleviation are among the major announcements made by the Tamil Nadu government in its Budget for 2024-25.

    Seven ideals, including welfare of marginalised, transforming Tamils as global achievers, form bedrock of T.N. Budget 2024

  • February 19, 2024 13:23
    ‘Kalaignarin Kanavu Illam’ scheme

    Tamil Nadu government announces ‘Kalaignarin Kanavu Illam’, to be implemented at ?3,500 crore to provide housing facilities to the poor; eight lakh concrete houses to be constructed in rural areas. - Dennis Jesudasan

  • February 19, 2024 13:21
    ‘Tamizh Pudhalvan’ scheme

    The Tamil Nadu government announces ‘Tamizh Pudhalvan’ scheme through which boys, who have studied in government schools from Class VI to XII will be provided financial assistance of ?1,000 a month in their bank accounts for their higher education. About 3 lakh students to benefit from the coming year. - Dennis Jesudasan

  • February 19, 2024 13:18
    Chief Minister’s Thayumanavar Scheme

    The Tamil Nadu government, on February 19, announced the setting up of a scheme “to launch a final assault on poverty over the next two years.” Called the Chief Minister’s Thayumanavar Scheme, it has been allocated ?27,922 crore under the Rural Development and Panchayat Raj Department.

    T.N. Budget 2024 | CM’s Thayumanavar Scheme to tackle poverty, targeting 5 lakh families in 2 years

  • February 19, 2024 13:07
    Hut-free Tamil Nadu

    Tamil Nadu Finance Minister Thangam Thennarasu, who presented the State Budget 2024-25 on Monday, announced a mission for a ‘Hut-free Tamil Nadu’ by 2030.

    T.N. Budget 2024 | Hut-free Mission aims at 8 lakh concrete houses by 2030

  • February 19, 2024 13:03
    T.N. State Highways Authority

    Tamil Nadu government announces setting up of the ‘Tamil Nadu State Highways Authority’; a Bill in this regard to be tabled this Assembly session. aims to facilitate significant investments in road infrastructure development through public-private partnership. - Dennis Jesudasan

  • February 19, 2024 12:52
    Open-air museum at Keeladi

    T.N. Finance Minister .Thangam Thennerasu said an open-air museum would be constructed at the Keeladi excavation site, at a cost of ?17 crore, to showcase the brick structures, ring wells, and factory zones that have been found during the Keeladi excavations. The site already houses a museum, where hundreds of artefacts unearthed since the excavations began in 2014-15, are housed.

    T.N. Budget 2024 | Open air museum to be set up at Keeladi at a cost of ?17 crore

  • February 19, 2024 12:07
    State’s Own Tax Revenue

    Tamil Nadu Finance Minister Thangam Thennarasu says for 2023-24 State’s Own Tax Revenue (SOTR) estimates is revised to ?1,70,147 crore from the initial estimates of ?1,81,182 crore, due to the impact from floods. Now, the SOTR growth is expected to be 13.26% for 2023-24, when compared to initial estimates of 20.61%. - Sanjay Vijayakumar

  • February 19, 2024 12:00
    T.N. Artificial Intelligence Mission

    Tamil Nadu Artificial Intelligence Mission will be established to develop guidelines for constructively leveraging AI in education, employment, industry, research and medicine, and to establish clear protocols for its utilization. This mission will involve professors from leading educational institutions in Tamil Nadu, executives from the electronics industry, and experts in the field. - Sanjay Vijayakumar

  • February 19, 2024 11:59
    Electric buses

    500 new electric buses are to be procured for a sustainable future.- Tamil Nadu DIPR

  • February 19, 2024 11:54
    Global Startup Summit
  • February 19, 2024 11:50
    For handloom and handicrafts
  • February 19, 2024 11:47
    Mini textile parks
  • February 19, 2024 11:46
    Kalaignar international convention centre
  • February 19, 2024 11:44
    Restoration of heritage buildings
  • February 19, 2024 11:42
    SIPCOT park

    SIPCOT park is to come up at Sengipatti in Thanjavur at a cost of ?120 crore. - B. Kolappan

  • February 19, 2024 11:39
    Women employment

    Tamil Nadu government will introduce a special scheme to incentivise additional women employment in the State. This scheme will offer a payroll subsidy of 10 percent of the salary of women, differently abled and transgender employees for two years to all new industrial units providing direct employment to over 500 such individuals from Tamil Nadu. - Sanjay Vijayakumar

  • February 19, 2024 11:36
    Global Capability Centres

    The State will incentivise the creation of high paying jobs in new Global Capability Centres (GCCs) by providing a payroll subsidy of 30 per cent in the first year, 20 per cent in the second year and 10 per cent in the third year for jobs with pay above ?1,00,000 per month. - Sanjay Vijayakumar

  • February 19, 2024 11:34
    Ethnographic documentation

    Budget of ?2 crore has been allocated for ethnographic documentation of Sourashtra and Paduga languages and languages of tribals including Thodas, Kothar, Cholakar, Kaani and Narikuravar. - B. Kolappan

  • February 19, 2024 11:32
    Rope car facility

    Rope car facility is to come up at Tiruparankundram and Thiruneermalai.

  • February 19, 2024 11:30
    Olympic academies to come up

    Tamil Nadu government is to create four Olympic academies.

    ?440 crore has been allocated for youth welfare and sports development. - B. Kolappan

  • February 19, 2024 11:27
    For Chennai

    As much as ?500 crore has been set aside for ‘Singara Chennai 2.0’ scheme. A new scheme is to be implemented for improving drinking water and sewage disposal at North Chennai at a cost of ?946 crore.?

    Adyar canal would be renovated at a cost of ?1,500 crore. Parks will be created on the banks of Adyar river. - B. Kolappan

  • February 19, 2024 11:22
    In the pink of health

    Tamil Nadu Finance Minister Thangam Thennarasu says ?243 crore has been allocated for Makkalai Thedi Maruthuvam scheme and a sum of ?20,198 crore for health and family welfare. - Sanjay Vijayakumar, B. Kolappan

  • February 19, 2024 11:15
    Translation of twin epics

    The State has allotted ?2 crore to translate the twin-epics of Tamil – Silapathikaram and Manimekalai in 25 Indian languages to convey the ideas of Tamils that include unity, integrity in politics, rights of citizens, competence un commerce and trade, religious harmony, eradication of poverty and hunger and feminism. - B. Kolappan

  • February 19, 2024 11:07
    Funds for education

    A sum of ?1,000 crore has been allocated for developing infrastructure of schools.

    Tamil Nadu government is to create 15,000 skill labs at schools at a cost of ?300 crore.

    ?200 crore has been set aside for the second phase of Illam Thedi Kalvi scheme.

    The total allocation for school education is ?44,042 crore and the total allocation for higher education is ?8,212 crore. - B. Kolappan

  • February 19, 2024 10:58
    For transgender persons

    Tamil Nadu government will meet the higher education expenses of transgenders and it will be implemented through the transgender welfare board. ?2 crore has been allotted for the purpose.

    Government will also meet the hostel fee of transgenders. - B. Kolappan

    ?

    ?

  • February 19, 2024 10:52
    CM Breakfast Scheme to be expanded

    Tamil Nadu Finance Minister Thangam Thennarasu says the Chief Minister’s Breakfast scheme will be extended to government-aided primary schools in rural areas. ?600 crore has been allocated.

    - B. Kolappan & Sanjay Vijayakumar

  • February 19, 2024 10:49
    Restoration of rivers

    A detailed project report would be prepared for the restoration of major rivers in Tamil Nadu. - B. Kolappan

  • February 19, 2024 10:48
    Nemili desalination plant to be unveiled

    Desalination plant at Nemili that has been constructed at a cost of ?1,517 crore would be inaugurated soon. Lakes and ponds in Tamil Nadu would be renovated at a cost of ?500 crore, says Finance Minister Thangam Thennarasu.?

    - B. Kolappan

  • February 19, 2024 10:46
    ?13,720 crore for ‘Kalaignar Magalir Urimai Thittam’

    Tamil Nadu Finance Minister Thangam Thennarasu says ?13,720 crore allocated for the DMK government’s flagship scheme - Kalaignar Magalir Urimai Thittam- Sanjay Vijayakumar

  • February 19, 2024 10:41
    Film city to come up at Poonamallee
  • February 19, 2024 10:33
    ?300 crore for civic amenities

    Tamil Nadu government allocates ?300 crore in the budget for civic amenities including roads for areas nearby city corporations.

    - PTI

  • February 19, 2024 10:30
    Chief Minister’s Thayumanuvar Poverty eradication scheme

    Finance Minister Thangam Thennarasu says Chief Minister’s Thayumanuvar Poverty eradication scheme will identify five lakh families living in poverty and provide welfare assistance.

  • February 19, 2024 10:23
    Allocation for excavation
  • February 19, 2024 10:18
    Funding for AI

    Tamil Nadu Finance Minister Thangam Thennarasu says ?5 crore would be allocated to provide funding support to firms working on AI, machine learning, large language model for Tamil language. - Sanjay Vijayakumar

  • February 19, 2024 10:15
    Focus?on ‘Grand 7 Tamil dream’

    Tamil Nadu Finance Minister Thangam Thennarasu says budget focused on Grand 7 Tamil dream - social justice, welfare of marginalized, transforming Tamil youth as global achievers, knowledge-based economy, equality focused on welfare of women, sustainable future and Tamil language and culture. - Sanjay Vijayakumar

  • February 19, 2024 08:04
    Tamil Nadu to get higher amount as share of Central taxes

    Tamil Nadu would get ?44,760.83 crore as its share of Central taxes as per the revised Union Budget estimates for 2023-24, presented by Finance Minister Nirmala Sitharaman on Thursday. This is about 7.4% higher than the ?41,664.86 crore projected in the initial estimates.

    Read here

  • February 19, 2024 07:13
    Tamil Nadu plans to borrow ?37,000 crore in the last quarter of fiscal 2023-24

    The Tamil Nadu Government plans to borrow ?37,000 crore in the fourth quarter of fiscal 2023-24, according to the indicative calendar of market borrowings released by the Reserve Bank of India (RBI).

    ?Read here?

  • February 19, 2024 07:11
    T.N. Budget 2024-25: A tightrope walk amid financial constraints

    On September 15, 2023, the government launched its flagship Kalaignar Magalir Urimai Thittam, which grants ?1,000 per month to over 1.15 crore women heads of families, fulfilling its poll promise. A key aspect of this Budget would be revenue augmentation to meet the expenditure for various schemes. Fiscal 2023-24 has been challenging for the State’s finances, owing to the heavy floods in Chennai and southern districts.

    According to the Governor’s Address, the State was grappling with a severe stress on its fiscal resources in the aftermath of the disasters, and its capacity for resource mobilisation was constrained following the implementation of GST.

    ?Read here?

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news