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Maharashtra’s Deputy Chief Minister and Finance Minister, Ajit Pawar, presented the Maharashtra Budget 2025-26 on March 10, 2025. The budget focuses on infrastructure, job creation, and social welfare. It aims to drive economic growth while addressing key developmental needs.
Economic Outlook
Maharashtra’s economy is expected to grow at 7.3% in 2024-25, surpassing India’s projected 6.5% growth rate. This marks a steady improvement compared to previous years. However, the state’s debt is set to reach ₹9.3 lakh crore, raising concerns about long-term financial sustainability. The revenue deficit is estimated at ₹45,891 crore. The government plans to manage this through improved tax collection, increased investments, and cost-cutting in non-priority areas.
Major Infrastructure Projects
Development in Mumbai
The government has allocated ₹64,000 crore for infrastructure projects in Mumbai, in Maharashtra Budget 2025. This includes a third airport near Vadhvan port in Palghar and improved metro connectivity between Mumbai and Navi Mumbai airports. The metro expansion aims to reduce travel time and decongest city roads, making daily commutes more efficient.
Road and Highway Expansion
The state plans to develop 1,500 km of new roads and upgrade 7,000 km to cemented roads. The Samruddhi Highway project is 99% complete and will improve connectivity between major cities. The government also aims to enhance rural road networks to improve access to markets and essential services for remote communities.
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Employment and Industrial Growth
The government aims to create 50 lakh jobs over the next five years. A new industrial policy targets ₹40 lakh crore in investments to boost economic growth and job opportunities. The policy will focus on key sectors such as IT, manufacturing, and agriculture. Additionally, the government will introduce skill development programs to equip workers with modern industry skills and attract multinational companies to set up operations in Maharashtra.
Social Welfare Initiatives
Mukhyamantri Majhi Ladki Bahin Scheme
The scheme has been allotted ₹36,000 crore to support women financially. It aims to provide financial security and encourage women’s participation in the workforce. However, the proposed increase in the monthly stipend from ₹1,500 to ₹2,100 has not been implemented. The government has cited financial constraints and the need for further review before committing to the increase.
Taxation and Revenue Measures
Motor Vehicle Tax
The government plans a 1% tax increase on CNG and LPG vehicles. Electric vehicles priced above ₹30 lakh will face a 6% tax. This move aims to generate additional revenue and encourage buyers to choose more affordable EV options.
Stamp Duty Changes
Stamp duty on certain transactions will increase to boost revenue for the state. This change is expected to impact real estate transactions, making property purchases slightly more expensive. The government believes this measure will help bridge the revenue deficit without significantly burdening the general public.
Cultural and Memorial Projects
The government will build a memorial at Agra to honor Chhatrapati Shivaji Maharaj’s historic escape from Mughal captivity. The memorial will include a museum and a cultural center showcasing his legacy. This initiative aims to promote Maharashtra’s rich history and attract tourism. While some have questioned the expenditure during an economic downturn, the government justifies it as a long-term investment in cultural heritage and tourism growth.
Maharashtra Budget 2025-26 aims to strengthen infrastructure, boost employment, and improve social welfare. The government seeks to balance economic growth with social responsibility, ensuring that all sections of society benefit from the state’s progress.