Maharashtra Budget / Farmers’ loan up to two lakh waived, 80% reservation to local people in jobs

Mumbai. Finance Minister Ajit Pawar presented the first budget of the joint government of Mahavikas Aghadi government i.e. Shiv Sena, Congress and NCP in the Assembly on Friday. This time a deficit budget of Rs 9,510 crore has been presented. Making the farmers happy in the budget, the Finance Minister said that loans up to 2 lakhs of the farmers of the state will be forgiven. This includes those farmers who have taken loans of more than two lakh rupees from banks. Also, 1600 new buses have been announced to be included in the Transport Department. All these buses will have Wi-Fi facility. Making a big announcement, Ajit Pawar said that the government will enact laws to provide employment to 80 percent of the local people of Maharashtra. In the budget, the stamp duty was increased by 1 percent, while petrol diesel was also imposed an additional tax of Rs. 1 and an effort was made to impose economic burden on the public.

Economic condition of Maharashtra: -

Revenue Revenue: - 3,47,457 Crore

Revenue Expenditure: - 3,56,968 Crore

Revenue deficit: - 9,510.71 crore

Fiscal deficit: - 54,618.38 crore

Maharashtra's debt: 5,20,717 crore

The state had a debt of 4,64,020 crore in 2019-20.

A poem by Harivansh Rai Bachchan read in the budget speech

During the budget speech, the Finance Minister read a line of a poem by Harivansh Rai Bachchan – Failure is a challenge; accept it; Look at what is lacking and rectify it ‘, after which the MLAs of all the parties present in the House clapped fiercely.

Ajit Pawar’s budget speech ..

• State farmers will be forgiven loans up to Rs 2 lakh. A provision of Rs 22 thousand crore has been made for this.
• Local Area Development (LAD) fund of MLAs increased from Rs 2 crore to Rs 3 crore.
• The state government will bring a law so that 80 percent of the local people can get employment.
• An amount of more than 2 thousand crores has been proposed for the Peak Insurance Scheme.
• The government will set up 75 dialysis centers in an effort to set up dialysis facilities 50 km from home.
• Rs 4000 crore proposal for Mumbai-Bangalore corridor.
• Shankar Rao Chavan memorial will be constructed in memory of former Chief Minister.
• There is a provision to provide one thousand crore rupees for the tourist center in Worli, Worli is the assembly constituency of Aditya Thackeray.
• Announcement of provision of Rs 1200 crore for Mumbai-Goa highway, it is just for land acquisition.
• In the next five years, five lakh youth will be employed.
• Marathwada water grid scheme will continue. 10 thousand new water supply schemes will be started.
• Energy park to be set up in Nagpur, Government’s emphasis on getting electricity for agriculture during the day.
• The government is going to invest 8 thousand crores in the energy sector.
• Maharashtra building will be constructed in Navi Mumbai.
• Special Scheme for Third Cults, Provision of Rs. 5 crores for their rehabilitation.
• The main roads in Neem city will be widened. 276 crore provision for development of ports.
• A Goods and Services Center will be set up in Mumbai, for which the government will provide Rs 148 crore.
• The government has made a provision of 6 thousand crores for the field of education.
• Will increase the employment of women. One thousand crore rupees will be purchased by the government from women savings groups.
• There will be a women’s police station in every district.
• Provision of 5 thousand crores for primary health.
• The government will give subsidy to Marathi daily newspapers starting or running in Karnataka.
• 1600 new buses will be purchased for Maharashtra State Road Transport Corporation. These buses will have Wi-Fi facility.
• Pune Metro to be expanded, Pune Metro will be paid more in next five years.
• Government will bring special plan for development of Konkan.
• Announcement of Rs 6025 crore to Urban Development Department.
• One lakh new solar pumps will be installed every year. It is proposed to spend 10 thousand crores.
• International Sports University will be established in Balewadi, Pune. There will be international level competitions in kabaddi, wrestling, kho-kho, volleyball.
• The government has announced Rs 74 crore for 1074 village buildings, 1074 new panchayat offices to be held by 2024.
• Ajit Pawar said that Maharashtra’s growth rate is expected to fall to 5.7 percent this year. The state’s growth rate has been estimated to be 7.5 percent last year.
• Along with this, growth of 3.1 percent in agriculture and allied works sector, 3.3 percent in industry and 7.6 percent in services sector has been projected in the state’s economic review report.
• This time Maharashtra has a total financial burden of Rs 471642 crore, which is Rs 57 thousand crore more than last time.
• 1000 crore proposal for high and technical education.
• Announcement of Rs. 300 crore for expansion of 10 rupees plate i.e. Shiva food.
• Government will improve the environment by planting 50 crore trees in 5 years.
• A plan will be prepared for the development of Haji Ali campus, the government will give 10 crores for the development of Haji Ali Dargah.

1% exemption on stamp duty to the construction sector for the next 2 years, it will be only for Mumbai, Pune metropolitan area.

• The state’s gross domestic product (GSDP) has been estimated to increase by Rs 2.45 lakh crore in the current year as compared to the previous year.
• With this, the average generation of the state is going to be 2,07,727 lakhs this year. According to the report, the per capita income of Maharashtra in 2018-19 was Rs 1.91 lakh.
• Government’s focus will be on farmers
• Announcement of loan waiver scheme for farmers amidst such huge revenue deficit