A month ago, Kumar promised a 'seven-point' programme for Bihar if he returned as the chief minister. He said his promises, including 24-hour power and water to all households and doles to the jobless, would cost Rs 2.7 lakh crore.
On Wednesday, Finance Minister Arun Jaitley and BJP chief Amit Shah unveiled their party's vision document for Bihar. The party not only promised nearly everything Kumar had, but more. From colour TVs to laptops, from land for the landless to houses for all by 2022, the BJP's vision document for Bihar promised to shower freebies on all sections of society. The party, unlike Kumar, didn't provide the estimated cost of implementing its promises.
Neither side will find it easy to raise the funds required to fund their tall promises, given Bihar's annual expenditure in 2013-14 was Rs 1.11 lakh crore, according to revised estimates. In the 2014-15 Budget estimate, this rose to Rs 1.29 lakh crore, less than half the amount needed to fulfil Kumar's promises. The cost of these poll promises will be substantial despite the fact that these will have to be fulfilled over five years.
Prime Minister Narendra Modi has already announced Rs 1.65 lakh crore worth of centrally-funded infrastructure projects for Bihar. Many of these are either already underway or budgetary allocations for these have already been made.
A back-of-the-envelope calculation of the cost of implementing four of the BJP poll promises puts the figure at several thousand crores. The BJP has promised a colour TV to each Scheduled Caste household. According to the Socio Economic Caste Census (SECC), Bihar has about three million such households. That means an expenditure of Rs 1,500 crore.
The BJP has also promised 5,000 scooters to girl students and 50,000 laptops to meritorious students every year. While dhotis and sarees will also be distributed to poor households, farmers have been promised interest-free loans. Other promises include houses for all by 2022, 100,000 service kiosks in urban centres for unemployed youth and computer training for at least one member from each household.
Several aspects are common to both the BJP's vision document and Kumar's seven-point programme. These include providing three per cent interest subvention on study loans for all who pass standard XII examinations, constructing pucca roads and lanes to each house, providing electricity and water to each house and setting up a Rs 500-crore venture capital fund.
Kumar has also promised 35 per cent reservation for women in state government jobs.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)