2026-27 Budget
Importance of the Budget
As public representatives, we should be able to provide answers to two important questions raised by citizens:
- Why is money being collected?
- What services will taxpayers receive in return?
We must understand how financial resources can be utilized effectively to fulfill our responsibilities toward the village and its citizens and to ensure the greatest benefit for the largest number of people. Today, accounting systems have undergone significant changes and have become more transparent and accountable.
Various Welfare Pensions
The following beneficiaries are currently receiving welfare pensions from Vayalar Grama Panchayat:
| Pension Category | Number of Beneficiaries |
|---|---|
| Old Age Pension | 2,746 |
| Agricultural Workers' Pension | 88 |
| Widow Pension | 722 |
| Destitute Pension | 96 |
| Disability Pension | 285 |
A total amount of ₹11,18,00,000 is required to provide pensions to these beneficiaries.
Women's Security Pension
As a model welfare initiative, the Women's Security Pension scheme has been introduced. Women from economically weaker families, including transgender women who are not beneficiaries of other social welfare schemes, will receive ₹1,000 per month. A total of 1,510 beneficiaries will receive this pension.
Resource Mobilization
To implement development and welfare projects effectively, resource mobilization must be strengthened. The budget has been prepared within the limits of available resources.
Funds Allocated
| Fund Category | Amount (₹) |
|---|---|
| Development Fund (General) | 2,97,00,000 |
| Development Fund (SCP) | 68,20,000 |
| Development Fund (TSP) | 12,10,000 |
| Finance Commission Grant (Basic Grant) | 58,69,282 |
| Finance Commission Grant (Tied Grant) | 1,19,21,260 |
| Maintenance Grant (Non-Road Assets) | 72,77,000 |
| Maintenance Grant (Roads) | 1,31,79,000 |
| General Purpose Fund | 2,10,00,000 |
These amounts have been earmarked for the Panchayat through the State Budget.
Expected Revenue During the Budget Year
| Revenue Source | Amount (₹) |
|---|---|
| Tax Revenue | 1,43,12,000 |
| Non-Tax Revenue | 34,46,000 |
| State Share for Social Security Pensions | 11,18,00,000 |
| LIFE Housing Scheme Loan | 3,00,00,000 |
| LIFE Housing Scheme – State Share | 2,50,00,000 |
In addition, revenue is expected from various sources, including the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), with an anticipated Central Government contribution of ₹6.5 crore during the budget year.
The overall objective of the budget is to ensure efficient utilization of available resources for the welfare, development, and social security of the people of Vayalar Grama Panchayat.