The Chhattisgarh government has unveiled its ₹1.65 lakh crore budget for the financial year 2025-26, introducing several key economic reforms. One of the biggest announcements made by Finance Minister O.P. Choudhary during the budget presentation in the state assembly was the reduction in Value Added Tax (VAT) on petrol. This cut, which will be implemented from April 1, 2025, will result in a ₹1 per liter drop in petrol prices, providing relief to consumers.
Major Budget Announcements
VAT Reduction on Petrol
To ease the financial burden on citizens, the government has decided to reduce VAT on petrol, ensuring a direct price cut of ₹1 per liter. This move is expected to benefit vehicle owners, businesses, and the transportation sector.
Pension Fund for Government Employees
The state government has also decided to set up a special fund to manage future pension liabilities for government employees. This fund aims to ensure financial stability and security for retired personnel.
₹10,000 Crore for Agricultural Development
Recognizing the importance of agriculture in the state’s economy, the government has allocated ₹10,000 crore to boost agricultural prosperity. This investment will focus on improving irrigation, crop production, and farmer welfare initiatives.
Stamp Duty Cess Removed on Real Estate Transactions
To encourage the real estate sector, the government has announced the removal of cess on stamp duty for property transactions. This move is expected to boost real estate investments and make property transactions more affordable for buyers.
Survey for River-Linking Project
A survey will be conducted to explore the feasibility of linking major rivers in the state. This ambitious project aims to enhance water availability, improve irrigation, and prevent water shortages in different regions.
Boosting Ease of Doing Business
The BJP-led Chhattisgarh government has reaffirmed its commitment to improving the business environment in the state. Under the Business Reform Action Plan (BRAP), the government has set a target of implementing 216 reforms across 20 departments in the first phase.
The goal of these reforms is to increase transparency in administration, simplify regulations, and attract more investments. By making the business process more efficient and investor-friendly, the state aims to position itself as a key economic hub in the region.
A Forward-Looking Budget
The Chhattisgarh Budget 2025-26 reflects a balanced approach towards economic growth, infrastructure development, and welfare initiatives. With reductions in petrol prices, major investments in agriculture, and ease of doing business reforms, the government is focused on ensuring sustainable progress for the state.
