When did Bihar State introduce the Green Budget for the first time?
- AOption (a)
Financial Year 2020-21
- BOption (b)
Financial Year 2018-19
- COption (c)
Financial Year 2021-22
- DOption (d)
Financial Year 2019-20
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Correct answer
Financial Year 2020-21
Why this answer is correct
The correct answer is Option 1.
Key Points
- Bihar introduced its first Green Budget in the fiscal year 2020-21, presenting it to the legislative assembly on March 15, 2020. Hence, option 1 is correct.
- Key Highlights:
- Pioneering Initiative: Bihar was the first state in India to table a separate and comprehensive Green Budget, aiming to integrate environmental considerations into its fiscal planning.
- Objective: The Green Budget focuses on allocating funds for environmental conservation measures, restoration of degraded ecological systems, and promotion of sustainable development within the state.
- Subsequent Budgets: Since its inception, Bihar has continued to present Green Budgets annually, with the latest being for the fiscal year 2024-25.
- This initiative underscores Bihar's commitment to addressing environmental challenges and promoting sustainable development through dedicated fiscal measures.