Bhubaneswar: Former Union Minister Dilip Ray on Friday termed the interim budget presented in the Assembly on Thursday as a “well-conceptualised one”.
It is encouraging to note that Odisha has been able to achieve a better economic growth of 8 %, more than the national average of 7.1 % while maintaining its Fiscal Deficit well within the limits prescribed by FRBM Act, said the former BJP MLA.
“Being a largely agricultural state with over two-third population dependent on the farm and related activities, the State’s Govt allocation of 4,461 crores for KALIA Scheme is a step forward in the right direction to address the pervasive distress that has marred this sector,” said Ray in his Facebook page.
It is a path-breaking superior policy intervention in the agricultural sector which can potentially put the agrarian economy back on its track. Unlike a loan waiver or other schemes which usually exclude the agricultural labourers and sharecroppers- the most vulnerable ones, this scheme with a targeted coverage rate of 92% appears to be a more effective and all-inclusive instrument to address the agrarian crisis, he added.
“Overall, the Interim Budget with its numerous proposals for all sections of the society is a well-conceptualized one. Implementation of the provisions outlined must be done in an effective manner as it always the efficacy with which the implementation is carried out that dictates the extent of success and impact of any policy,” said Ray.