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Assam Finance Minister Ajanta Neog Presents ₹2.63 Lakh Crore Budget for FY26.

Budget | Dated: 12 Mar 2025

In March 2025, Ajanta Neog, Finance Minister (FM) of Assam, presented a ₹2.63 lakh crore budget for the Financial Year 2025-26 (FY26) in the Assam Legislative Assembly in Dispur, Assam, with a Fiscal Deficit (FD) of ₹620.27 crore.

🎯 Key Highlights:

  • - The state's budget expenditure saw a 250% increase, while Capital Expenditure (CapEx) rose to ₹24,964 crore in FY25.
  • - The FY26 budget proposed an exemption of professional tax for individuals earning up to ₹15,000 per month under the Assam Profession, Trades, Callings, and Employments Taxation Act, 1947.
  • - ₹342 crore was allocated to provide one-time financial support of ₹5,000 for tea workers.

💡 Other Important Facts:

  • (i) Under the new state scheme 'Chief Minister’s Jibon Prerna,' students graduating from government universities and colleges in 2025 will receive ₹2,500 per month for one year.
  • (ii) Mukhiya Mantri Nijut Moina Asoni (MMNMA) scheme: ₹391 crore was allocated to promote girls’ higher education and combat child marriage.

📚 Test Your Knowledge:

Who recently presented Assam’s ₹2.63 lakh crore budget for the Financial Year 2025-26 (FY26)?

Correct Answer: Ajanta Neog

🚀 Quick Recap:

About Assam

  • CM : Himanta Biswa Sarma
  • Governor: Lakshman Prasad Acharya