On March 8, Maharashtra Finance Minister Ajit Pawar presented the State Union Budget for the year 2021-22. A total budget of Rs. 4,84,118.19 crore was announced, with the lion’s share going to infrastructure, health and agriculture. No new taxes were proposed, except for a hike in excise duty on branded country liquor and VAT on liquor.
The state government recorded a revenue deficit of Rs. 46,177.59 crore for the 2020-21 fiscal year. Announcing the new budget, Mr. Pawar hoped to bring it down to Rs. 10,225.66 crore in the next financial year.
- The Mumbai coastal road to be completed before 2024 while connecting the Navha Sheva-Shivadi under-construction road with the Worli-Bandra Sea Link
- A 170 km long eight lane Pune Ring Road to be constructed at a cost of Rs 26,000 crore
- A 235 km long Pune-Ahmednagar-Nashik high-speed railway line to be constructed at a cost of Rs 16,139 crore
- A 200-km Jalna-Nanded Expressway Connector to Hindu Hriday Samrat Balasaheb Thackeray Samrudhi Mahamarg, at a cost of ₹7,000 crore
- A coastal highway connecting Revas in Raigad district to Reddy in Sindhudurg district at a cost of ₹9,573 crore
- Sewage treatment plants at Worli, Bandra, Dharavi, Ghatkopar, Bhandup, Versova and Malad at a cost of ₹19,500 crore
A Rs. 7,500 crore project was announced involving the construction and upgrade of health institutions across the State, expected to be completed in the next four years.
Rs. 5,000 crore to be spent in the coming five years for quality health services in the municipal councils and nagar panchayats.
Benefits for Women
Marking International Women’s Day, the Finance Minister announced the Rajmata Jijau Griha-Swamini Yojna which proposed “a concession in stamp duty of 1 percent over the prevailing rate exclusively to women, provided the transfer of house property or registration of sale deed is in the name of woman or women only”.
The Krantijyoti Savitribai Phule scheme offers free travel in Maharashtra State Transport buses to all girl students in rural areas for commuting from their villages to schools. As per the budget presented by Mr. Pawar, the revenue collection in the coming fiscal year is estimated at Rs. 3,68,987 crore, while revenue expenditure is estimated at Rs. 3,79,213 crore.