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Maharashtra Finance Minister Ajit Pawar Presents ₹7.2 Lakh Crore State Budget for FY26.

Budget | Dated: 12 Mar 2025

On March 10, 2025, Ajit Pawar, the Deputy Chief Minister (Dy CM) and Finance Minister (FM) of Maharashtra, presented a ₹7.20 lakh crore State Budget for the Financial Year 2025-26 (FY26), focusing on industries, infrastructure, agriculture, employment, and social welfare.

🎯 Key Highlights:

  • - The total expenditure for FY26 is ₹7.20 lakh crore, with projected revenue receipts increasing to ₹5,60,964 crore from ₹5,36,463 crore (Revised Estimate, RE for 2024-25).
  • - Maharashtra is the second state, after Uttar Pradesh (₹8.08 trillion), to propose such a large budget.
  • - Maharashtra's Fiscal Deficit (FD) stands at ₹1,36,234 crore, remaining below the 3% limit of the Gross State Domestic Product (GSDP), as per the Fiscal Responsibility and Budgetary Management (Amendment) Act, 2006.

💡 Other Important Facts:

  • (i) The state's revenue receipts for FY25 are projected at ₹4,99,463 crore, up from ₹4,86,116 crore in FY24, as per the Budget Estimates (BE) and Revised Estimates (RE), respectively.
  • (ii) ₹9,000 crore has been allocated for the Agriculture Sector, including ₹500 crore for a pilot Artificial Intelligence (AI) project covering over 1 lakh hectares and benefiting 50,000 farmers.
  • (iii) The government has approved the construction of 20 lakh houses in 2026 under Phase-2 of the Pradhan Mantri Awas Yojana - Rural (PMAY-R).

📚 Test Your Knowledge:

What is the total budget outlay for Maharashtra for the Financial Year 2025-26 (FY26), as recently presented by Ajit Pawar?

Correct Answer: ₹7.2 lakh crore

🚀 Quick Recap:

About Maharashtra

  • CM : Devendra Fadnavis
  • Governor: Chandrapuram Ponnusamy Radhakrishnan