June 1, 2012 1:57 PM

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500cr farm loan waiver in UP budget

Amidst uproar and walkout by BSP, Uttar Pradesh Chief Minister Akhilesh Yadav today presented his maiden state Budget for 2012-13 with no new tax and a provision of 500 crore rupees for waving farm loans.It also provides for unemployment allowance and giving laptops to school students.For the first time, the state's Budget size has crossed the figure of 2 lakh crore rupees.It has projected a deficit of over 21,570 crore rupees in the Budget . The total Budget size is two lakh 110 crore rupees.

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