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‘I am presenting the budget for the financial year 2025-26. Maharashtra will be number one in fulfilling the Prime Minister’s dream of a developed India by 2047’ , says Maharashtra Finance Minister Ajit Pawar while presenting state Budget 2025-26.
Maharashtra Finance Minister Ajit Pawar presented his 11th and the newly-formed Mahayuti government’s first state budget in the assembly on Monday.
Maharashtra Budget 2025: Maharashtra Finance Minister Ajit Pawar, who is also the deputy chief minister of the state, on Monday presented his 11th and the newly-formed Mahayuti government’s first state budget in the assembly. Presenting the state budget 2025-26, Pawar announced multiple infra projects and said Maharashtra’s new industrial policy will focus on Rs 40 lakh crore investment and generation of 50 lakh jobs.
“I am presenting the budget for the financial year 2025-26. Maharashtra will be number one in fulfilling the Prime Minister’s dream of a developed India by 2047,” Pawar said in the state Assembly. He said Maharashtra is number one in foreign direct investment. In Davos, Maharashtra signed MoUs with 56 companies worth Rs 15.72 lakh crore, which will employ 16 lakh people.
The Mumbai Metropolitan Region is being developed as a growth hub. It will have a US $1.5 trillion economy by 2047, said Pawar.
Here are the key highlights of Maharashtra’s state budget for the financial year 2025-26:
Navi Mumbai Airport To Be Operational From April, Metrol Link
Pawar said domestic flights from Navi Mumbai International Airport will start from April 2025. He also said metro will link Mumbai’s Chhatrapati Shivaji Maharaj International Airport with Navi Mumbai International Airport.
He also said night landing facility will start at the Shirdi airport soon.
1,500-km Road Network To Be Developed
Announcing the Budget, Pawar a 1,500-km road network will be developed in the coming year, and the existing 7,000-km roads will be upgraded to cement roads in Maharashtra.
New Health, Senior Citizens Policy
Pawar on Monday announced that the state will have a new health and senior citizens policy.
50 Lakh Jobs In 5 Years
During the budget speech 2025, Pawar said the state government aims to create 50 lakh new employment opportunities in the next five years.
“We will soon announce the Industrial Policy 2025. The policy aims to attract Rs 20 lakh crore in investments and create 50 lakh jobs. A separate regional policy will be developed for the circular economy, and new labour laws will be introduced,” Pawar said.
Metro Expansion in Mumbai, Pune, and Nagpur
Pawar said about 143.57 km of metro routes are currently operational in Mumbai, Nagpur, and Pune metropolitan areas, which benefits about 10 lakh commuters daily.
In the coming year, 41.2 km of metro routes will be launched in Mumbai and 23.2 km in Pune, totalling 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, Pawar said.
Marathi Bhasha Sanman Din On October 3 Every Year
Pawar also announced that Maharashtra will celebrate the Marathi Bhasha Sanman Din on October 3 every year.
Ladki Bahin Scheme Gets Rs 36,000 Crore
Pawar said the state government has allocated Rs 36,000 crore for the Ladki Bahin scheme. It is believed that the scheme helped the Mahayuti to form the government in the state.
Pawar had said that the actual expenditure under the scheme since July 2024 has been Rs 33,232 crore. The BE for the scheme for FY 2024-25 was Rs 46,000 crore. This has now been reduced to Rs 36,000 crore.
1% Extra Tax On CNG Vehicles
The Maharashtra government has increased tax on CNG vehicles by 1 per cent.
Total Expenditure At Rs 7.20 Lakh Crore
Ajit Pawar said a total expenditure of Rs 7.20 lakh crore has been allocated in the budget 2025-26. The estimated revenue receipts stand at Rs 5,60,964 crore, while the revenue expenditure is projected at Rs 6,06,855 crore. Thus, the estimated revenue deficit amounts to Rs 45,891 crore.
Pawar said the estimated revenue receipts were Rs 4,99,463 crore. However, the revised revenue estimates have been increased to Rs 5,36,463 crore, he said.
Pradhan Mantri Awas Yojana Subsidy Increased
Pawar said the budget proposes to increase subsidy for the Pradhan Mantri Awas Yojana. Under Pradhan Mantri Awas Yojana (Rural) Phase-2, 20 lakh houses approved, the state government will increase the subsidy for house construction by Rs 50,000. For Pradhan Mantri Awas Yojana (Urban), Rs 8,100 crore will be allocated.
Chhatrapati Shivaji Maharaj’s Memorial
The state finance minister also informed that a memorial of the Chhatrapati Shivaji Maharaj will be constructed in Sangameshwar.
Fiscal Deficit Contained At 2.9%, Aims For 2.7% Next Year
On the state budget, Maharashtra Chief Minister Devendra Fadnavis said, “The Fiscal deficit of Maharashtra is contained at 2.9%. For the next year, it’s estimated to be at 2.7%. We can take loans of 25% of our total GSDP, but we are only at 18% at present.”
Our loan has increased but our loan eligibility limit has also increased. We are 7% higher than the national average for the GST collection in the current year. We are at the top in GST collection and FDI. Union govt has sanctioned 20 lakh houses; out of those, 18 lakh persons are approved, and funds are already distributed for 16 lakh houses. We are planning to implement programs to provide free electricity to households for upto 300 units per month through solar energy, he added.
AI in Agriculture
Pawar said the state plans to promote AI in agriculture. He announced a pilot project on 1 lakh acres involving 50,000 farmers.
After the Budget, Fadnavis said, “We will use AI to help farmers to get higher produce from their land.”
