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What amount is earmarked by the Government of Andhra Pradesh in the Budget 2017-18 for redemption of debts of farmers in 2017-18?
1. Rs. 2,500 crores
2. Rs. 3,200 crores
3. Rs. 3,600 crores
4. Rs. 4,000 crores

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Correct Answer - Option 3 : Rs. 3,600 crores

The correct answer is Rs. 3,600 crores.

  • The Finance Minister of Andhra Pradesh, Mr Yanamala Ramakrishnudu, presented the Budget for Andhra Pradesh for the financial year 2017-18 on March 15, 2017.
  • Despite the State inheriting a huge revenue deficit, the Government stood by its commitment, disbursed Rs. 11,000 crore to 55 lakh farmer accounts to date.
  • This is a defining moment as no Government in the country have ever embarked on loan redemption of such magnitude regardless of the economics of this socially relevant measure under difficult and harsh circumstances.
  • The government is proposing Rs. 3,600 crore in the current budget of 2017-18 for the next instalment of debt redemption for farmers.

  • Budget Highlights
    • Total expenditure for 2017-18 is estimated to be Rs 1,56,999 crore, an 18.3% increase over the revised estimate of 2016-17.
      • In 2016-17, there was a decrease of Rs 2,925 crore (2.2%) in the revised estimate over the budget estimate.
    • Total receipts (excluding borrowings) for 2017-18 are estimated to be Rs 1,26,968 crore, an increase of 17.9% over the revised estimates of 2016-17. In 2016-17, total receipts fell short of the budgeted target by Rs 2,859 crore.
    • The revenue deficit for the next financial year was targeted at Rs 416 crore.
      • The fiscal deficit was targeted at Rs 23,054 crore.
      • The primary deficit was targeted at Rs 8,272 crore

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