- Introduction of a 2,000-acre Global City near Chennai aimed at enhancing urban living.
- Allocation of ₹2,500 crore for education loans to support one lakh students.
- Expansion of cultural initiatives along with significant investments in transport and women’s welfare.
Tamil Nadu Budget 2025-26: Key Features of the New Strategies
Tamil Nadu’s Finance Minister, Thangam Thennarasu, presented the Tamil Nadu Budget for 2025-26 in the legislative assembly, marking the fifth budget under the DMK government since its formation in 2021. This budget, especially formulated with an eye on the upcoming elections, incorporates significant initiatives that address housing, education, infrastructure, and cultural heritage.
Development of a Global City
A centerpiece of the budget is the proposal to create a 2,000-acre Global City near Chennai. This ambitious project seeks to provide an integrated living and working ecosystem. It will include:
- Educational institutions
- Private enterprises
- Residential facilities
- Extensive road networks
- Recreational spaces
The goal is to enhance the lifestyle of residents while attracting businesses to the area.
Education Loan Initiatives
A significant allocation of ₹2,500 crore for education loans aims to enable one lakh students to further their academic aspirations. This investment emphasizes the government’s commitment to educational growth and assists families in financing higher studies effectively.
Support for Language and Culture
In an effort to foster the Tamil language and literature, the budget outlines:
- Translations of 500 selected Tamil books into various languages
- Establishment of a language museum named ‘Agaram’ in Madurai
- Annual World Tamil Olympiad to promote linguistic heritage
These initiatives will further cultivate an appreciation of Tamil culture both nationally and internationally.
Infrastructure and Transport Spending
With a focus on improving connectivity, a massive ₹12,964 crore has been allocated to the transport sector. Key aspects include:
- Bus travel schemes and student fare subsidies
- Extension of the Chennai Metro Rail network
- Exploration of a Regional Rapid Transit System (RRTS)
- Plans for a Semi High-Speed Railway Network
These projects aim to enhance accessibility and public transport efficiency across Tamil Nadu.
Welfare for Women and Gig Workers
Further highlighting women’s empowerment, the budget proposes:
- Free bus travel under the Magalir Vidiyal Payanam scheme with a fund of ₹3,600 crore
- Supportive measures like Magalir Urimai Thogai and Pudhumai Penn schemes
Concerning gig workers, the government plans to provide ₹20,000 for purchasing e-scooters and has established a welfare board to oversee their rights and benefits.
Enhancements in Cultural Heritage
Cultural initiatives include excavation projects at various sites to preserve Tamil Nadu’s rich history. Approximately ₹72 crore has already been allocated for restoring 84 temple tanks, ensuring the preservation of important cultural landmarks.
Key Takeaways from the Budget
This budget reflects a multi-faceted approach towards growth by focusing on infrastructure, education, cultural promotion, and women’s welfare. It underlines the government’s vision for a modern Tamil Nadu, full of opportunities and cultural richness.