Maharashtra Budget 2024: Here’s the Highlight

In the interim budget presented by Deputy Chief Minister and Finance Minister Ajit Pawar in the Legislative Assembly, Rs 9 thousand 193 crores have been approved

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Deputy Chief Minister and Finance Minister Ajit Pawar presented the interim budget in the Legislative Assembly today with a provision of Rs 6 lakh 522 crore for the total expenditure of the state for the year 2024-25. The budget shows a revenue collection of Rs 4 lakh 98 thousand 758 crore and a revenue expenditure of Rs 5 lakh 8 thousand 492 crore. The revenue deficit is estimated at Rs 9,734 crore, while the fiscal deficit is estimated at Rs 99,288 crore. In this budget, four months of budget allocation has been kept for approval.

In the interim budget presented by Deputy Chief Minister and Finance Minister Ajit Pawar in the Legislative Assembly, Rs 9 thousand 193 crores have been approved for the planning department, Rs 2 thousand 205 crores for the employment guarantee scheme, Rs 71 crores for the Marathi department. A provision of Rs 18 thousand 165 crore has been made under the District Annual Plan. The annual plan of the state is 1 lakh 92 thousand crore rupees. 15 thousand 893 crores have been proposed for Scheduled Caste Upyojan, Rs 15 thousand 360 crores for Tribal Development Upyojan.

Although this is the interim budget of the state, Deputy Chief Minister Ajit Pawar has tried to provide opportunities for justice and development to all sections of society such as farmers, laborers, women, students, youth, backward classes, tribals, minorities, entrepreneurs, traders, professionals in the budget. Even in the interim budget, Finance Minister Ajit Pawar has given priority to accelerate the state’s policy of achieving sustainable, environment-friendly, inclusive development.

The budget has also implemented the necessary policies as per the guidelines report given by the Maharashtra Economic Advisory Council to make the economy of the state one trillion dollars. Finance Minister Ajit Pawar has tried to achieve the goal of large capital investment for infrastructure, implementation of development plans to raise the standard of living of citizens through the budget.

The highlights of the interim budget presented by Deputy Chief Minister and Finance Minister Ajit Pawar are as follows:

  • Shivneri Museum based on the life of Chhatrapati Shivaji Maharaj at Mauje Vadaj, Taluka Junnar
  • Implementation of welfare schemes for four major constituents namely youth, women, poor, and food givers
  • Expansion of Swatantra Veer Savarkar Versova Bandra Sea Bridge to Palghar, Extension of Vilasrao Deshmukh Eastern Freeway to Thane City
  • 22 thousand 225 crores for land acquisition for the Virar-Alibag multi-purpose road.
  • 10 thousand 519 crores for land acquisition for Pune Ring Road
  • 2 thousand 886 crores for land acquisition of Jalna-Nanded Expressway
  • 10 thousand 629 crores to Urban Development Department for program expenditure for the year 2024-25.
  • 19 thousand 936 crore rupees outlay for Public Works (Roads) Department
  • 7 thousand 500 km road works under the Annuity Scheme Part-2 through Maharashtra State Infrastructure Development Corporation
  • Upgradation of 7 thousand km long roads at a cost of Rs.
  • Land acquisition for new railway lines Kalyan-Murbad, Pune-Nashik, and Solapur-Tuljapur-Dharashiv started
  • 50 percent financial participation for new railway lines Phaltan-Pandharpur, Kampa-Chimur-Varora, Jalna-Jalgaon, and Nanded-Bidar
  • 50 percent financial participation for Jalna-Khamgaon, Adilabad-Mahur-Washim, Nanded-Hingoli, Murtijapur-Yavatmal Shakuntala Railway and Pune-Lonavala Routes 3 and 4
  • 26 percent participation of Maharashtra Maritime Board in the expansion of the port development project – total cost Rs. 76 thousand 220 crores
  • Construction of radio club equipped jetty at Gateway of India in Mumbai under the Sagarmala scheme at a cost of Rs 229 crore 27 lakh
  • Bhagwati Port, Ratnagiri-Rs 300 crores, Sagari Durg Janjira, Raigad-Rs 111 crores, Elephanta, Mumbai-Rs 88 crores Port development works
  • Modernization of Mirkarwada, Ratnagiri Port – 2 thousand 700 fishermen will benefit
  • 578 Crore 45 Lakh Fund for Land Acquisition for Expansion of Airport at Chhatrapati Sambhajinagar
  • 9 thousand 280 crores to the Rural Development Department for program expenditure for the year 2024-25.
  • 4 thousand 94 crores to Home Transport, Ports Department
  • Revised Industrial, Electronics, Aerospace, and Defense Manufacturing Policy and New Micro, Small, and Medium Enterprises Policy for Industrial Sector Development
  • About 36 thousand employment generation by setting up 18 small-scale garment industry complexes
  • “Integrated and Sustainable Textile Policy 2023-28” free distribution of one saree per family on public-Antyodaya ration card
  • 450 crore in infrastructure development program to promote exports
  • 400 crores to provide special incentives to exportable components
  • Five Industrial Parks to boost exports
  • An incentive fund of about seven thousand crores in the coming year from the collective incentive scheme
  • 25 thousand industry units – 30 percent women entrepreneurs – about 50 thousand new jobs from the Chief Minister’s employment creation program
  • Pioneer industry status to 10 large industrial

Also Read: Maharashtra’s Ambitious Irrigation Schemes to Combat Water Scarcity: Ajit Pawar Unveils Budget Plans

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