Assam's 2025-26 Budget: A Boost for Youth and Tea Garden Workers

The Assam assembly passed the Rs 2.63 lakh crore state budget for 2025-26. Finance Minister Ajanta Neog announced cash incentives for youths and tea garden workers, and tax exemptions for salaried individuals. The budget, with a Rs 620.27 crore deficit, includes initiatives for economic relief and job search support.

The Assam assembly on Monday approved the Rs 2.63 lakh crore state budget for the 2025-26 fiscal year, marking a significant economic plan for the state.

Finance Minister Ajanta Neog, with eyes on the upcoming assembly elections, has unveiled various cash incentives aimed at youths and tea garden workers, alongside tax exemptions for the salaried class.

Notable elements include a deficit of Rs 620.27 crore and a new initiative, 'Chief Minister's Jibon Prerana,' to aid job-seeking graduates. Furthermore, a reduction in electricity rates offers relief to millions, consolidating Neog's forward-looking proposals.

(With inputs from agencies.)