JHARKHAND ECONOMIC SURVEY 2013-14 60000 50000 40000 30000 20000 10000 0 2008-09 2009-10 2010-11 2011-12 2012-13 PC Income at Current Prices PC Rev.Exp. on General Services PC Rev. Exp. on Social Services PC Rev. Exp. on Economic Services Department of Finance Government of Jharkhand February 2014 Economic Survey 2013-14 Jharkhand Department of Finance Government of Jharkhand February - 2014 Copyright - 2014 Department of Finance Government of Jharkhand Published by : Department of Finance Government of Jharkhand All right reserved. No part of this publication may be reproduced, stored or transmitted in any form or by an means without the prior permission of the Department of Finance, Government of Jharkhand. Prepared by : Department of Finance, Government of Jharkhand Research Support : Institute for Human Development, Eastern Regional Centre (IHD-ERC), Ranchi; www.ihdindia.org/ihd-erc Contents List of Tables, Figures ............................................................................................................................. ix-xv Acronyms and Abbreviations ..............................................................................................................xvii-xxi Chapter 1: The State of Jharkhand: An Overview .................................................................................. 1-5 The Land and the People ........................................................................................................................................01 The Demography and Social Structure ....................................................................................................................01 The Economy and Well Being .................................................................................................................................04 Chapter 2:State of the Economic: A Macro Economic Overview and Prospect .................................. 6-15 A Macro Economic Perspective ..............................................................................................................................07 GSDP and Other Macro Aggregates .......................................................................................................................07 Aspects of Growth ...................................................................................................................................................08 Sectoral Composition of GSDP ..............................................................................................................................10 Per Capita Real Income and Per Capita Consumption ..........................................................................................12 Poverty ....................................................................................................................................................................13 Regional Variation in Income .................................................................................................................................14 Chapter 3: Public Finance .................................................................................................................. 16-29 Broad trend of Deficits ............................................................................................................................................17 Overview of Financial Position ..............................................................................................................................18 Receipts ...................................................................................................................................................................18 Revenue Receipts ....................................................................................................................................................18 Tax Revenues ...........................................................................................................................................................21 Non-tax Revenues ....................................................................................................................................................22 Expenditure .............................................................................................................................................................23 Sectoral Allocation of Expenditure .........................................................................................................................24 Expenditure in Social Sectors .................................................................................................................................25 Non Plan Revenue Expenditure ..............................................................................................................................26 Outstanding Liabilities............................................................................................................................................26 Chapter 4: Institutional Finance ........................................................................................................ 30-47 Banking Services in Jharkhand ...............................................................................................................................31 State of Cooperative Banks .....................................................................................................................................34 Urban Cooperative Bank ........................................................................................................................................35 Microfinance in Jharkhand .....................................................................................................................................35 Implementation of Kisan Credit Card Scheme ........................................................................................................36 Investment of Rural Infrastructure Development Fund (RIDF) .............................................................................39 Lead Bank Scheme ..................................................................................................................................................40 Performance of Banking Business ..........................................................................................................................41 Recovery Position ...................................................................................................................................................42 Credit-Deposit Ratio ...............................................................................................................................................43 Financial Inclusion .................................................................................................................................................44 Challenges and Outlook ..........................................................................................................................................45 Chapter 5: Agriculture and Allied Sectors ......................................................................................... 48-63 Agro-climatic conditions .........................................................................................................................................49 Land Use Pattern ....................................................................................................................................................49 Land Holding Patterns ............................................................................................................................................50 Development in Agriculture and Allied Sector .......................................................................................................50 Output and Growth of Agriculture and Allied Sector .............................................................................................51 Seed Replacement Rate ...........................................................................................................................................53 Horticultural Crops .................................................................................................................................................54 Fertilizer Consumption ...........................................................................................................................................55 Irrigation in Jharkhand ...........................................................................................................................................56 Achievements during 2012-13 .................................................................................................................................57 Medium Irrigation Project ......................................................................................................................................57 Livestock Sector ......................................................................................................................................................57 Status Infrastructure for Livestock Production .......................................................................................................59 Ongoing schemes ....................................................................................................................................................59 Subsidy linked schemes ...........................................................................................................................................59