Maharashtra Unveils Rs 7 Lakh Crore Budget: New Industrial Policy & Infrastructure Boosts Announced

The Maharashtra government has announced a Rs 7 lakh crore budget for 2025-26, focusing on infrastructure and industrial growth. Key highlights include a Rs 36,000 crore allocation for the Ladki Bahin scheme, no increase in allowance, a new industrial policy aiming for Rs 40 lakh crore investments, and expanded infrastructure projects.

The Maharashtra government presented its budget for the fiscal year 2025-26, amounting to Rs 7,00,020 crore, without announcing an increase in the allowance for the Ladki Bahin scheme. However, a Rs 36,000 crore allocation was made for the initiative.

Deputy Chief Minister Ajit Pawar introduced a new industrial policy targeting Rs 40 lakh crore investments and the creation of 50 lakh jobs. Additionally, major infrastructure projects were outlined, including a third airport near Vadhvan port and enhanced connectivity in the Mumbai Metropolitan Region.

Revised taxation measures were proposed, such as a 1% increase in the Motor Vehicle Tax on CNG and LPG vehicles, projected to boost the state exchequer's revenue significantly. The government also plans to improve healthcare accessibility, promote cultural projects, and support sustainable agricultural growth.

(With inputs from agencies.)