Punjab Finance Minister Manpreet Singh Badal on March 8 presented the State budget with an outlay of ₹1,68,015 crore for financial year 2021-22 in the State Assembly.
Mr. Badal tabled the last Budget of the Amarinder Singh-led government. The Assembly elections are due early next year.
The government will waive ₹1,186 crore of 1.13 lakh farmers and ₹526 crore of landless farmers in the next phase, under crop loan waiver scheme in 2021-22, as per the Budget speech.
Mr. Badal also announced to raise old age pension from ₹750 per month to ₹1,500 per month.
He also announced an increase in the amount under the Shagun scheme from ₹21,000 to ₹51,000.
