AP cm and tdp chief Chandrababu Naidu, repeatedly say that BCs are the backbone of TDP. A huge amount has been allocated to BCs in the latest budget. A total of Rs 47,456 crore has been allocated for the welfare of BCs, which has not been allocated for any other schemes, programs, or projects. It is noteworthy that such a large amount of funds has not been included in any budget recently. Thus, cm Chandrababu Naidu has given top priority to the development of BCs. He has now allocated Rs. 48 thousand crores for state agriculture. Moreover, it has been stated that the majority of the funds will be spent on modern farming methods.
Natural farming will be encouraged in place of traditional farming. The government hopes that this will reduce the investment cost of farmers and they will be freed from loans. At the same time, these funds will also be spent on skill development to teach techniques in agriculture. Priority will be given to seeds and pesticides. The state's revenue is Rs.2,51,162 crore, out of which Rs.40,635 crore will be spent on various projects (capital expenditure). However, compared to the actual revenue to be received, this is Rs.33,185 crore less. At the same time, the fiscal deficit (government expenditure) has been estimated at Rs.79,926 crore. That is.. this amount will have to be raised in the form of loans. It is limited to this year only. Due to this, a situation has arisen where Rs.80 thousand crore will have to be borrowed in the coming financial year.
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