Assembly session from iJune 23 to pass Budget

Exercise for remaining months of this fiscal year

The Delhi government has called a week-long Assembly session from June 23 to pass the Budget for the remaining nine months of the current financial year.

The decision on the House session was taken by the Cabinet which also approved a scheme for student loans up to Rs 10 lakh and gave its nod for licensed micro-brew pubs in the city.
The Budget documents have been prepared and sent to the Home Ministry through Lieutenant Governor Najeeb Jung, Deputy Finance Minister Manish Sisodia told reporters on Thursday.

 The cabinet has also decided to offer education loans to students up to Rs 10 lakh and reduce the red tapism in issue of licence for doing business.

Fund for subsidy
In the Budget, government will make a provision of fund to continue electricity subsidy which will come to an end this month, sources said.

In March, the Delhi government had presented a vote-on- account in the Assembly for April to June to run the government’s several financial schemes and announced plan to spend a total of Rs 37,750 crore in 2015-16.

Sisodia also shared details of the proposed student’s financial scheme for giving them loans up to Rs 10 lakh without any collateral or third party guarantee or margin money.
“There would be no processing charges for the loan,” he said.

Students pursuing any skill development course or diploma or degree course after finishing qualifying examination from any school or educational institution in Delhi would benefit from the scheme, he said.

“The 15-year loan repayment schedule will carry a moratorium period covering the years required to finish the course and one year thereafter to find a job,” he said.

Sisodia also shared a blueprint for enhancing the ease of doing business in the city.
He said the decision on allowing micro breweries will help the government generate more revenue.

“The government has approved a proposal, prepared by the Excise Department, to allow microbreweries in hotels and restaurants across the national capital,” he said.