Maharashtra Budget 2025 Highlights: Ajit Pawar presents ₹7.20 lakh crore budget

Maharashtra Budget Live News Updates: Maharashtra government’s decision to increase motor vehicle tax rate by 1% receives mixed reactions

The Maharashtra government’s decision to increase the motor vehicle tax rate by 1% has received mixed reactions. While the ruling alliance has defended the move, the opposition has criticized it.

Currently, a motor vehicle tax of 7% to 9% is levied on privately owned, non-transport four-wheeler CNG and LPG vehicles, depending on their type and price. The proposed 1% hike is expected to generate an additional revenue of ₹150 crore for the state in 2025-26.

Additionally, the budget proposes an increase in stamp duty under Section 4 of the Maharashtra Stamp Act, raising it from ₹100 to ₹500 on supplementary documents when more than one document is used for a single transaction.

Maharashtra Budget Live News Updates: Deputy Chief Minister Eknath Shinde assures fulfilment of all promises made in election manifesto

Deputy Chief Minister Eknath Shinde assured that all promises made in the election manifesto will be fulfilled, including increasing the monthly instalment for women to ₹2,100 under the Ladki Bahin Scheme. He emphasized that the government is working as a team, industrial investments are rising, and Maharashtra is on a path of rapid development.

Maharashtra Budget Live News Updates: Budget favours contractors, people deceived by Govt: Uddhav Thackeray

Shiv Sena (Thackeray) Chief Uddhav Thackeray criticized the Maharashtra government, stating that contractors are dominating the budget, and all the announced schemes and projects are designed to benefit them. He accused the Devendra Fadnavis-led government of deceiving the people by failing to provide any concrete assurances on key issues.

Maharashtra Budget Live News Updates: BJP-led alliance won on false promises, Budget ignores key commitments: Uddhav Thackeray

Shiv Sena (Thackeray) Chief Uddhav Thackeray criticized the BJP-led alliance, accusing it of making false promises to secure a massive majority. He stated that none of the key promises from their election manifesto, including a loan waiver for farmers and an increase in the grant for women under the Ladki Bahin Scheme, have been reflected in the budget.

Maharashtra Budget Live News Updates: Government deceived farmers by not announcing loan waiver: Shiv Sena (Thackeray) leader Ambadas Danve

Shiv Sena (Thackeray) leader Ambadas Danve criticized the government, stating that farmers were expecting a loan waiver and had been waiting for the announcement in the budget. He claimed that many farmers did not repay their loans in anticipation of the waiver, but the government has betrayed them by not fulfilling its promise.

Maharashtra Budget Live News Updates: Govt committed to ₹2,100 instalment for Ladki Bahin Scheme, but ₹1,500 to continue for now, says CM Fadnavis

Chief Minister Devendra Fadnavis stated that the government is actively working on implementing the ₹2,100 monthly instalment under the Ladki Bahin Scheme. He assured that the promise will be fulfilled, but for now, women enrolled in the scheme will continue receiving ₹1,500 per month.

Maharashtra Budget Live News Updates: Seven new business centres planned, MMR aiming for $1.5 trillion economy, says Fadnavis

Chief Minister Devendra Fadnavis announced that seven new business centers will be established across the state. He emphasized that Mumbai is the fintech and startup capital, making it the right time to expand business hubs.

He further highlighted the growth potential of the Mumbai Metropolitan Region (MMR), stating that it has the capability to become a $1.5 trillion economy, contributing significantly to Maharashtra’s economic expansion.

Maharashtra Budget Live News Updates: Maharashtra to accelerate infrastructure projects, expand Lakhpati Didi Scheme, says Fadnavis

Chief Minister Devendra Fadnavis stated that major investments in infrastructure are underway in Maharashtra, with river-linking and water projects set to be completed at an accelerated pace. He emphasized that these initiatives will generate more employment opportunities in the state.

Regarding the Ladki Bahin Scheme, Fadnavis announced that small credit societies will be established to encourage careful financial management among women beneficiaries, enabling them to maximize benefits. He reiterated that the government is already providing ₹1,500 per month under the scheme.

Additionally, Maharashtra will implement the Lakhpati Didi Scheme, a Central Government initiative, aimed at empowering women financially. He revealed that the state has already created 23 lakh Lakhpati Didis, with a target of reaching 1 crore women under the scheme.

Maharashtra Budget Live News Updates: CM Devendra Fadnavis says Maharashtra collects GST above national average

Chief Minister Devendra Fadnavis stated that Maharashtra is collecting GST above the national average. He emphasized that the state ranks number one in Foreign Direct Investment (FDI), startups, and GST collection, reinforcing its position as India’s leading economic hub.

Maharashtra Budget Live News Updates: Balanced Budget despite rising expenditure, fiscal deficit under control, says CM Devendra Fadnavis

While both committed and revenue expenditure have increased, the budget remains balanced. There were concerns that the fiscal deficit would reach 5%, but it has been contained at 2.9%, and next year, it is projected to decline further to 2.7%.

Some focus only on the absolute deficit, but it is essential to consider the overall budget size, which stands at ₹7 lakh crore. Key economic indicators, including GSDP growth, remain strong. Over the past decade, except for a few years, GSDP has increased by ₹4-5 lakh crore annually.

While state debt has risen, the borrowing limit has also expanded accordingly. The Ladki Bahin Scheme has been allocated funds without exceeding the debt limit. Though there are financial challenges, the budget maintains a balanced approach to growth and fiscal responsibility.

Maharashtra Budget Live News Updates: Deputy Chief Minister Eknath Shinde on the Ladki Bahin Scheme

Deputy Chief Minister Eknath Shinde stated that the government is actively working on increasing the instalment for women beneficiaries under the Ladki Bahin Scheme. He emphasized that every scheme is designed for a five-year term, and the government is committed to its implementation.

Maharashtra Budget Live News Updates: All three alliance partners—Shiv Sena, NCP, and BJP—are working together to fulfill their commitment to development and progress, says Deputy CM Eknath Shinde

Maharashtra Budget Live News Updates: Budget priorities agricultural sector and will promote use of AI in agriculture

“We have prioritized the agriculture sector, with a strong focus on increasing farmers’ income. To enhance agricultural productivity, we will promote the use of Artificial Intelligence (AI). All irrigation projects are progressing as planned, and necessary funds have been allocated for irrigation schemes. Additionally, we are emphasizing the development of solar energy to drive sustainable growth” says Ajit Pawar speaking to the press

Maharashtra Budget Live News Updates: In the 2024-25 budget, the estimated revenue receipts were ₹4,99,463 crore. However, the revised revenue estimates have been increased to ₹5,36,463 crore.

The total budgeted expenditure for 2024-25 was ₹6,12,293 crore, while the revised expenditure estimate has now been raised to ₹6,72,030 crore. This increase in the revised expenditure estimate is due to higher spending on capital and welfare schemes.

Maharashtra Budget Live News Updates: In the 2025-26 budget, a total of ₹2,54,560 crore has been allocated for program expenditure.

This includes ₹22,658 crore for Scheduled Caste Component Programs and ₹21,495 crore for Tribal Sub-Plan Programs, said Ajit Pawar.

Maharashtra Budget 2025-26: ₹7.20 Lakh Crore Allocated for Total Expenditure

In the 2025-26 budget, a total expenditure of ₹7.20 lakh crore has been allocated. The estimated revenue receipts stand at ₹5,60,964 crore, while the revenue expenditure is projected at ₹6,06,855 crore. As a result, the estimated revenue deficit amounts to ₹45,891 crore, said Ajit Pawar.

Maharashtra Budget Live News Updates: The state has consistently been at the forefront of fiscal reforms, says Ajit Pawar

As per the Fiscal Responsibility and Budget Management (FRBM) Act, the government has successfully maintained the fiscal deficit below 3% of the Gross State Domestic Product (GSDP). Additionally, the revenue deficit has consistently remained below 1% of GSDP. For the financial year 2025-26, the fiscal deficit stands at ₹1,36,235 crore, said Ajit Pawar.

Maharashtra Budget Live News Updates: Namami Godavari Mission Launched for Kumbh Mela in Nashik

Maharashtra Budget Live News Updates: Maharashtra Announces Memorials for Maratha Warriors, Dr. Ambedkar, Vajpayee, Bal Thackeray, and Savitribai Phule

A memorial for Maratha warriors will be built in Panipat, Haryana.

Dr. B.R. Ambedkar’s memorial is under construction at Indu Mill land in Mumbai.

A memorial for former PM Atal Bihari Vajpayee will be established in Mumbai.

₹220 crore allocated for the Bal Thackeray memorial in Mumbai.

A memorial for Savitribai Phule will be built in Satara district.

Maharashtra Budget Live News Updates: Maharashtra to Construct Chhatrapati Sambhaji Maharaj Memorial in Sangameshwar

Maharashtra Budget Live News Updates: Maharashtra to Coordinate with UP Govt for Chhatrapati Shivaji Maharaj Memorial in Agra

Maharashtra Budget Live News Updates: Metro Expansion in Mumbai, Nagpur, and Pune to Benefit Citizens

A total of 143.57 km of metro routes are currently operational in Mumbai, Nagpur, and Pune metropolitan areas, benefiting approximately 10 lakh daily commuters. 

In the coming year, 41.2 km of metro routes will be launched in Mumbai and 23.2 km in Pune, totaling 64.4 km. Over the next five years, a total of 237.5 km of metro routes will be made operational. 

Under Phase 2 of the Nagpur Metro, construction work for 43.80 km is progressing at a cost of ₹6,708 crore.

Maharashtra Budget Live News Updates: Metro Expansion in Mumbai, Nagpur, and Pune to Benefit Citizens

A total of 143.57 km of metro routes are currently operational in Mumbai, Nagpur, and Pune metropolitan areas, benefiting approximately 10 lakh daily commuters.

In the coming year, 41.2 km of metro routes will be launched in Mumbai and 23.2 km in Pune, totaling 64.4 km. Over the next five years, a total of 237.5 km of metro routes will be made operational.

Under Phase 2 of the Nagpur Metro, construction work for 43.80 km is progressing at a cost of ₹6,708 crore.

Maharashtra Budget Live News Updates: The Maharashtra government has made a provision of ₹36,000 crore for the Ladki Bahin scheme.

When questioned by the opposition about fulfilling the election promise of increasing the monthly grant from ₹1,500 to ₹2,100, Ajit Pawar responded by urging them to wait until the budget presentation is completed.

Maharashtra Budget Live News Updates: ₹5,000 Crore Allocated for Expanding Irrigation Network

Maharashtra Budget Live News Updates: ₹10,000 Crore Allocated for Urban Development

Maharashtra Budget Live News Updates: ₹9,000 Crore Allocated for Agriculture Sector

Maharashtra Budget Live News Updates: State to draft new health and senior citizen policy

Maharashtra Budget Live News Updates: Market Committees for Agricultural Trade to Be Established in Every Taluka

Live Maharashtra Budget Updates: ₹8,200 Crore Allocated for Urban Wastewater Recycling for Agriculture and Industry

Live Maharashtra Budget Updates: Ajit Pawar says river interlinking is a top agenda for the state

A ₹19,300 crore irrigation project will be implemented in the Tapi River Valley, while water from Konkan will be diverted to drought-prone regions of Marathwada.

Maharashtra Budget Live Updates: Maharashtra to Promote AI in Agriculture, Pilot Project on 1 Lakh Acres Involving 50,000 Farmers

Maharashtra Budget Live Updates: Metro to Connect Navi Mumbai and Mumbai Airports, Announces Ajit Pawar

Maharashtra Budget Live Updates: Shirdi airport to have night landing facility

Maharashtra Budget Live Updates: Maharashtra to Expand Metro Network, Allocates ₹64,000 crore for Mumbai infra projects

Maharashtra Budget Live Updates: Maharashtra Govt to Proceed with ShaktiPeeth Road Land Acquisition Despite Farmer Opposition

Maharashtra Budget Live Updates: Maharashtra Targets 50 Lakh Jobs, Major Road Infrastructure Push

The state aims to generate 50 lakh new employment opportunities over the next five years. In the coming year, a 1,500 km road network will be developed, while 7,000 km of existing roads will be upgraded to cement roads. Additionally, 99% of the Samruddhi Highway project has been completed.

Maharashtra Budget Live Updates: New ferries for journey beween gateway of India to Mandwa

Maharashtra Budget Live Updates: Vadhvan Port, a proposed deep seaport in Palghar district, will see the state contributing 26% of the total project cost.

Ajit Pawar also announced plans for a new airport as part of the port’s development. Vadhvan to start operations by 2030, says Pawar

Maharashtra Budget Live Updates: Maharashtra to Launch ‘Maitri’ Portal for Industrial Licenses

Maharashtra Budget Live Updates: Navi Mumbai to Get Innovation City, New Employment Opportunities on the Horizon: Ajit Pawar

Maharashtra Budget Live Updates: Maharashtra to Launch Technical Textile Mission

Maharashtra Budget Live Updates: Maharashtra to Focus on Logistics Infrastructure, Mumbai to Emerge as a Growth Hub

The state will prioritize the development of logistics infrastructure, covering over 10,000 hectares. Mumbai is set to be transformed into a major growth hub, with new trade centers planned to enhance commercial activities.

Maharashtra Budget Live Updates: Maharashtra signed Memorandums of Understanding (MOUs) with 56 companies at Davos.

The state is also set to introduce new labour laws alongside a revamped industrial policy to boost economic growth and investment.

Maharashtra Budget Live Updates: Maharashtra Leading in FDI, Private Investment on the Rise: Ajit Pawar

Ajit Pawar stated that private investment in the state is increasing, driven by rising market demand and a strong development trajectory. He emphasized that Maharashtra continues to lead the country in Foreign Direct Investment (FDI).

Maharashtra Budget Live Updates: Ajit Pawar Begins Budget Speech, Acknowledges PM Modi’s Support

Ajit Pawar began presenting the budget in the State Assembly, expressing gratitude to Prime Minister Narendra Modi for his support to Maharashtra. He stated that the government came to power largely due to the Ladki Bahin (Beloved Sisters) scheme.

Maharashtra Budget Live: Aaditya Thackeray urges govt to fulfill poll promises on farm loan waiver and women’s welfare

Shiv Sena leader Aaditya Thackeray emphasized that the Maharashtra government must honor its commitment to waiving all farmers’ loans. He also demanded an expansion of the Ladki Bahin scheme, increasing the monthly grant to ₹2,500. Additionally, Thackeray called for major initiatives to enhance women’s security in the state. Criticizing the ruling coalition, he remarked that the government had made lofty promises before the elections and must now deliver on them.

Maharashtra Budget Live News Updates: Maharashtra’s Economic Snapshot

During April to December, 2024 the average Consumer Price Index (CPI) (Base year 2003=100) compiled for rural and urban areas in the State was 394.1 and 371.1 respectively. The year-on-year inflation during this period was 6.0 per cent for rural and 4.5 per cent for urban areas.

The Revenue receipts of the State are expected to be Rs 4,99,463 crore for 2024-25 (BE) as against Rs 4,86,116 crore for 2023-24 (RE). The tax and non-tax revenue (including central grants) for 2024-25 (BE) are expected to be Rs 4,19,972 crore and Rs 79,491 crore respectively. 

Actual revenue receipts during 2024-25 upto January were ₹3,81,080 crore (76.3 per cent of BE). The Revenue expenditure of the State is expected to be ₹5,19,514 crore as per 2024-25 (BE) as against ₹5,05,647 crore in 2023-24 (RE). During 2024-25 upto January actual revenue expenditure was ₹3,52,141 crore (67.8 per cent of BE).

Maharashtra Budget Live Updates: Sectoral Share 

In the current series from 2011-12 to 2023-24, the share of Maharashtra’s nominal GSDP in All-India nominal GDP remained around 13 to 15 per cent. Share of the State’s nominal GSDP in All-India nominal GDP during 2023-24 is highest (13.5 per cent), followed by Tamil Nadu (9.0 per cent).

During 2011-12 to 2023-24, share of ‘Services’ sector is highest, followed by ‘Industry’ and ‘Agriculture & allied activities’ in nominal GSVA of the State. As per first revised estimates of 2023-24, share of ‘Agriculture & allied activities’, ‘Industry’ and ‘Services’ sector is 11.2 per cent, 25.0 per cent and 63.8 per cent respectively. During 2011-12, the corresponding share was 13.1 per cent, 35.8 per cent and 51.1 per cent respectively.

Maharashtra Budget Live Updates: Ladki Bahin Scheme Grant May Rise to ₹2,100, Burden to Touch ₹64,000 Crore

The Mahayuti government, comprising the BJP, Nationalist Congress Party (Ajit Pawar), and Shiv Sena (Eknath Shinde), had pledged in its election manifesto to expand the Mukhyamantri Ladki Bahin (CM’s Beloved Sister) scheme by increasing the monthly grant for women from ₹1,500 to ₹2,100. Currently, the scheme imposes an annual financial burden of ₹46,000 crore on the state. If the government fulfills its manifesto promise in the budget, this expenditure will escalate to ₹64,000 crore per year.

Maharashtra Budget Live Updates: The state’s Fiscal Deficit ballooned to ₹1,10,355 crore in the previous Budget for the FY 2024-25 which is 2.6% of the state’s GSDP

Despite the huge numbers in deficit, Maharashtra is well within the limit set by the Finance Commission for state’s fiscal deficit. For FY2024-25, states’ fiscal deficit limit has been set at 3% of GSDP, as per the recommendation of the 15th Finance Commission. An additional borrowing of 0.5% of GSDP is permitted if states undertake certain reforms in the power sector, effectively pushing the fiscal deficit limit to 3.5%

Maharashtra Budget Live Updates: Maharashtra leads Industrial Production along with Gujarat

Four states—Gujarat and Maharashtra and the southern states of Karnataka and Tamil Nadu— account for about 43 per cent of the total industrial GSVA

Source: Economic Survey 2024-25

Maharashtra Budget Live Updates: With ₹35.24 lakh crore NSDP, Maharashtra is the largest economy among the Indian States. Tamil Nadu comes distant second at ₹24.26 lakh crore

Source: ​Handbook of Statistics on Indian Economy​

Maharashtra Budget Live Updates: Innovation city in Navi Mumbai will be the city’s new business magnet, Maharashtra CM Fadnavis said in late February

Innovation city in Navi Mumbai will be the city’s new business magnet, says Maharashtra CM Fadnavis

Maharashtra CM urges entrepreneurs to shift focus to new city near Navi Mumbai airport, boosting tech ecosystem.

Maharashtra Budget Live Updates: Aaditya Thackeray alleges Mumbai is weakened by BJP, demands facilities like GIFT City for the metropolis

Aaditya Thackeray alleges Mumbai is weakened by BJP, demands facilities like GIFT City for the metropolis

Shiv Sena leader Aaditya Thackeray demands Mumbai receive incentives like Gujarat’s GIFT City, accuses BJP of weakening city’s economy.

Maharashtra Budget Live Updates: Revenue Receipts likely to go up as per previous Budget for FY 2024-25

Maharashtra’s revenue receipts for 2024-25 are projected at ₹4,99,463 crore, up from ₹4,86,116 crore in 2023-24, according to budget estimates (BE) and revised estimates (RE), respectively.

Maharashtra Budget Live Updates: Maharashtra’s economy to grow at 7.3% in 2024-25, outpacing national growth rate

As per the Economic Survey of Maharashtra 2024-25 released today, Maharashtra’s economy is projected to grow at 7.3 per cent in 2024-25, surpassing the 6.5 per cent growth rate expected for the Indian economy, according to advance estimates. The state’s real Gross State Value Added (GSVA) for key sectors indicates strong growth in agriculture and allied activities at 8.7 per cent, followed by the services sector at 7.8 per cent and industry at 4.9 per cent.

Maharashtra’s economy to grow at 7.3% in 2024-25, outpacing national growth rate

Maharashtra’s economic growth in 2024-25: GSDP at ₹45.31 lakh crore, inflation rates, revenue receipts, and expenditure estimates.