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Highlights of Maharashtra Budget 2018 – 2019

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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.

Highlights of Maharashtra Budget 2018 – 2019

  • 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