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States » SouthPosted at: Mar 14 2025 9:03PM


TN Fin Min makes 4 major announcements in budget

Chennai, Mar 14 (UNI) Tamil Nadu Finance Minister Thangam Thennarasu
on Friday made four major announcements while winding up his budget
presentation in the State Assembly on Friday.
They included restoration of the Earned Leave Surrender system will be
restored, allowing Government employees and teachers to encash by
surrendering up to 15 days of earned leave from April 1, 2026, which
will benefit nine lakh employees.
He also announced one per cent reduction in registration charges for
immovable assets registered in the name of women with effect from
April one this year.
Another major initiative was to elevate one lakh women as entrepreneurs
in the next five years with the aim of further increasing women's participation
in Tamil Nadu's economic development.
The next is 20 lakh college students will be provided with a tablet or laptop,
based on their preference, over the next two years.
He said the government employees and teachers have been consistently
demanding the reinstatement of the Earned Leave (EL) Surrender system,
which was suspended due to the severe financial strain on the Tamil Nadu
Government in the aftermath of the COVID-19 pandemic.
After careful consideration and as per the directions of Chief Minister
M K Stalin, the Earned Leave Surrender system will be restored form
April 1, 2026 and relevant Government orders in this regard will be
issued soon.
This decision, aimed at safeguarding the welfare of Government
employees, will benefit more than nine lakh Government employees
and teachers.
He said following the visionary path of former CM M Karunanidhi,
who enacted the law ensuring equal property rights for women in
1989, the DMK's Dravidian Model Government remains committed
to elevating the status and rightful authority of women in Tamil society.
In furtherance of this, to ensure an equal place for women not just in
society but also within their families, the registration fee for all immovable
assets, including houses, plots and agricultural lands, valued up to
Rs.10 lakh will be reduced by one per cent when registered in the
name of women, from April 1 this year.
Around 75 per cent of the current registrations will be eligible to avail
this concession.
Through this initiative, the Government strongly believes that women's
self-reliance and financial independence will be further strengthened.
Mr Thennarasu said to safeguard women's welfare, the DMK regime
was implementing various pioneering schemes, such as Self-Help Groups,
Vidiyal Payanam, Kalaignar Magalir Urimai Thittam, Pudhumai Penn,
and Thozhi working women's hostels, which have received widespread
acclaim across the nation.
As a next step, with the aim of further increasing women's participation
in Tamil Nadu's economic development, a major initiative to elevate
one lakh women as entrepreneurs in the next five years will be undertaken.
Under this scheme, women will receive skill development training and
entrepreneurial guidance to establish various enterprises, with access
to bank loans of up to Rs.10 lakh, along with a 20 per cent subsidy.
For this scheme, an allocation of Rs.225 crore has been made in the
financial year 2025-26, he said.
He said at a time when artificial intelligence is reshaping this world, there
is a historic need to continuously equip our students with advanced technical
knowledge and skills training.
Carefully considering this need, and to fulfill the promise made before the
people four years ago, the Government has planned to provide high-tech
devices to students studying in various colleges of Tamil Nadu, including
arts, science, engineering, agriculture and medicine.
In the first phase, 20 lakh college students will be provided with a tablet or
laptop, based on their preference, over the next two years.
Launched with the objective of ensuring that our youth succeed in the high
-tech world of the future, an amount of Rs.2,000 crore will be allocated for
this scheme in the financial year 2025-26, he said.
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Tags: #TN Fin Min makes 4 major announcements in budget
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