Gujarat Finance Minister Kanubhai Desai presented a Rs 3.70 trillion budget for the financial year 2025-26.
Gujarat Finance Minister Kanubhai Desai presented the budget on the second day of the budget session.
The budget outlay of Rs 3,70,250 crore for 2025-26 indicates an increase of Rs 37,785 crore, or 11.3 per cent.
The state government proposed a tax relief of Rs 148 crore in the form of a reduction in stamp duty on mortgage deeds and on motor vehicle tax on electric vehicles.
Viksit Gujarat Fund with a corpus of Rs 50,000 crore has been proposed.
To convert Gujarat into a developed and prosperous state, six growth hubs, including Surat Economic Region will be developed.
12 new high-speed corridors of 1,367 kilometres will be developed under the ‘Garvi Gujarat High Speed Corridor’ project.
Two greenfield expressways will be developed in Gujarat – the ‘Namo Shakti Expressway’ connecting Banaskantha to Saurashtra’s coastal areas, and the ‘Somnath-Dwarka Expressway’ from Ahmedabad to Rajkot.
The state government also announced that it will establish the Gujarat Reforms Commission to bring necessary reforms in the administrative procedures and integrate new technologies.
