On March 9, 2018, Maharashtra Finance Minister Sudhir Mungantiwar presented the state budget for 2018-19 in legislative assembly while Minister of State for Finance, Deepak Kesarkar presented the budget in legislative council. This was the fourth budget of the incumbent BJP-led government under Chief Minister Devendra Fadnavis.
Highlights of Maharashtra Budget for fiscal year 2018 – 2019:
Maharashtra Budget 2018-19 focused on farmers and youth.For fiscal 2018-19, revenue deficit is estimated at Rs. 15375 crore.
- Rs. 13385 crore budget has been allocated for home department, out of which, Rs. 165 crore will be used for state-wide CCTV surveillance network.
- 13000 gram panchayats will be connected digitally under the Centre’s BharatNet project.
- Provision of Rs. 2215.85 crore has been made for implementation of Pradhan Mantri Awas Yojana.
- Mahasamadhan, a toll-free helpline will be set up for farmers, through which, they can avail information on seeds, fertilisers and various policies.
- A web portal will be started for providing literature on BR Ambedkar, Annabhau Sathe, Savitribai Phule.
- Grant for Akhil Bharatiya Marathi Sahitya Sammelan and Natya Sammelan has been doubled to Rs. 50 lakh.
- Maharashtra State Autorickshaw Welfare Corporation will be established for the welfare of state’s 20 lakh auto-rickshaw drivers. Provision of Rs. 5 crore has been made for this purpose.
- India’s first battery-operated submarine will be used for underwater tourism at Vengurla, Sindhudurg.
- Physically challenged people in the state will be given free mobile stalls, so they can earn their livelihood.
- National Snake Venom Research Institute will be set up at Haffkine Institute, Mumbai.
- Rs.7502 crore has been approved for Bandra-Versova sea link.
- Mr. Kesarkar has stated that work on the 701-km Mumbai -Nagpur Expressway will start in April 2018.
Other Important Allocations:
| Purpose | Allocation Amount |
| Subsidy to provide wheat and rice at Rs. 2 per kg and Rs. 3 per kg, respectively, to farmers in the 14 suicide-hit districts | Rs 922 crore |
| Forest tourism | Rs. 120 crore |
| Development plan for Ganpatipule temple in Ratnagiri | Rs. 79 crore |
| To reduce man-animal conflict and to make food and water available for the animals | Rs. 18 crore |
| For implementation of centrally sponsored National Health Mission | Rs. 964 crore |
| For Implementation of Tribal development schemes | Rs. 8900 crore |
| For setting up competitive training centres in all districts to train students for competitive exams | Rs. 50 crore |
| For completing 26 major irrigation projects, under the Pradhan Mantri Sinchai Yojana | Rs. 3015 crore |
Quick Facts about Maharashtra:
- Capital – Mumbai
- Current Chief Minister – Devendra Fadnavis
- Current Governor – Chennamaneni Vidyasagar Rao
- Important National Park – Sanjay Gandhi National Park
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