Jharkhand Government Budget for FY 2025-26 | Jharkhand | 04 Mar 2025

Why in News? 

The Jharkhand Government tabled a Rs 1.450 lakh crore Budget for the 2025-26 financial year in the State Assembly.  

 Key Points 

• Budget Allocation and Key Scheme: 
  • Rs 13,363.35 crore has been allocated for the Jharkhand Mukhyamantri Maiya Samman Yojana (JMMSY) to provide financial aid to women. 
• Economic Growth and Fiscal Deficit: 
  • The State’s economy is projected to grow at 7.5% in 2025-26. 
  • The fiscal deficit is estimated at Rs 11,253 crore for the coming financial year. 
  • Rs 62,844 crore has been allocated for the social sector. 
  • Jharkhand’s Gross State Domestic Product (GSDP) was approximately Rs 4.6 trillion in 2023-24. 
  • The government aims to increase the GSDP to Rs 10 trillion by 2029-30. 
• Healthcare and Education Initiatives: 
  • The budget includes the establishment of seven new medical colleges in: Ranchi, Khunti, Giridih, Jamshedpur, Dhanbad, Deoghar, and Jamtara. 
  • The government also announced plans to open new universities in: Jamshedpur, Gumla, and Sahibganj. 
• Financial Disputes with the Centre: 
  • The State Government plans to initiate legal action to recover Rs 1.36 lakh crore in pending dues from the Central Government.