Himachal CM presents Budget for 2022-23; MLALAD fund hiked to Rs 2 crore

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New Delhi: Presenting the Budget 2022-23 in the state Assembly, Himachal Pradesh Chief Minister Jai Ram Thakur on Friday announced to increase the Member of Legislative Assembly Local Area Development (MLALAD) fund from the existing Rs 1.80 crore to Rs 2 crore. The MLALAD fund has been increased by Rs 20 lakh.

Presenting his fifth and last budget for the fiscal 2021-22 of the current government, Thakur stated that a total increase of Rs 90 lakh had been made in the MLALAD fund during his government.

Thakur also announced to increase the discretionary grant for MLAs from Rs 10 lakh to Rs 12 lakh for the next fiscal. Also Read: 5 banks are offering up to 7% interest on savings accounts; time to switch your bank account?

A total of 789 plans from NABARD worth Rs 3,200 crore had been approved during the five-year tenure of the previous Congress government, whereas the current government got approval of 826 plans from NABARD worth Rs 3,452 crore, he added. Also Read: Russia-Ukraine War: Reddit blocks all links to Russian state media, bans ads