Highlights of Maharashtra Budget 2017-18

Maharashtra Budget 2017-18


The Maharashtra budget for the year 2017-18 will be presented in the state assembly today. The budget is set to be presented today at 2 PM by the finance minister Sudhir Mungantiwar. The key issue that is set to be raised within the house is that of loan waivers to farmers in the state.

Maharashtra Budget

The issue of the loan waivers is set to create a ruckus within the house, with both the Congress party and the Nationalist Congress Party promising to disrupt the proceedings if a farm debt waiver was not announced by the government.

The state legislature was presented by the Economic Survey Report (2016-17) on Friday. According to the state, Maharashtra continues to grow at a fast rate and remains the country’s most industrialised state. Further, the survey also predicts a double-digit growth for the agriculture sector in the state.

In a bid to discuss the upcoming distribution of resources, the Maharashtra Chief Minister, Devendra Fadnavis held a meeting with Finance Minister Arun Jaitley, along with a delegation of leaders from the Shiv Sena and the Bharatiya Janata Party. The Maharashtra leaders also asked the Finance Minister for an institutional credit mechanism to assist the 31 lakh farmers who cannot avail crop loans due to outstanding debts.

Interestingly, though, reports indicate that the state had only spent 45% of its budgetary allocations in the year 2016-17. Of the net Rs. 3.04 lakh crore that was allotted to the state, only Rs. 2.06 lakh crore was actually meted out to the various departments. Of this sum, the total amount that was actually spent on various initiatives stood at a mere Rs. 1.38 lakh crore. In fact, only 15% of the amount was spent in high priority areas and shockingly, the amount stood at lesser than 10% in certain priority areas.

Highlights of Maharashtra Budget 2017-18 :

  • Finance Minister Sudhir Mungatiwar says that the current growth in the state is at 9.4 %. The plan is to take it to double-digit growth in the coming year.
  • The Finance Minister announces the provision of Rs 79 crore for the agriculture sector. Mungatiwar adds that the Department of Water Resources has been allocated Rs two thousand eight hundred crores.
  • Mungatiwar also assures that the Marathwada Krishna Valley project would be completed within the next four years.
  • Taking up the issue of development of youth, the finance minister announces the launch of the Pramod Mahajan skills training programme that is aimed at promoting at the development of entrepreneurship skills among the youth in the state.
  • The government will be setting up a crab cultivation centre in the Sindhudurg district to ramp up the yield.
  • The government has announced the Provision of Rs 125.64 Cr for Dr. Punjabrao Deshmukh Interest Subsidy Scheme and a further Provision of Rs 50 Crore for the expansion of Sant Shiromani Savatamali weekly market scheme for doubling the income of farmers .
  • The finance Minister announces the launch of a new scheme for giving cold van for facilitating transport of the agricultural produce. Further, a pilot project with a provision of Rs 200Cr for a new scheme of Community Group Farming will be launched. Upon successful implementation of this pilot project, it will be replicated throughout the State the minister said.
  • Mungatiwar announces the launch of the Nanaji Deshmukh Krishi Sanjivani project worth Rs 4000Cr with the aid of World Bank for saving the farming in the state from drought and to address the problem of soil salinity.
  • Another scheme will be implemented for farmers belonging to the Scheduled Tribes. The scheme will be worth Rs 92 Crores and will be based on the lines of the Dr. Babasaheb Ambedkar Krishi Swalamban Yojna.
  • The minister also announced the provision of Rs 99Cr for Pramod Mahajan Skill and Entrepreneurship Development Mission. It has over 1,970 training organisations listed and It will have 57% participation of women.
  • training program to be launched for the rural construction workers and artisans based on which 10,000 construction workers will get employment opportunities announces the finance minister.
  • Rs 59.66 Cr is to be spent in the centrally sponsored rural skills development scheme. This will provide funds for planning and training for employment to 21,597 beneficiaries. The labour rate for Mahatma Gandhi National Employment Guarantee Scheme will be increased to 201 from 192.
  • finance minister has announced that the Maharashtra government is determined to free the farmers from outstanding loans. As such, the government will declare a scheme for farmers having pending loans such that the regular repaying farmers will be benefited.
  • The Maharashtra government aims to provide 100 percent families living in the state with gas cylinders for cooking. In Vidarbha, Marathwada Rs 1 crore has been allocated for the development of industries.
  • The government announces the allotment of Rs 700 crore rupees for the development of the metro rail system in Mumbai and Pune.
  • 349 veterinary mobile clinics will be established for the health of animals in remote areas. The finance minister also announces the decision to distribute sheep on 75% grant to the shepherd groups for encouraging sheep-keeping.
  • Rs 15 Crores will be provided for employment generation through Mangroves Joint Management committee
  • 1,732 Lakhs have been allotted for the promotion of the Marathi language. Further, the government has allocated Rs 200 crore for the development of e-governance.
  • For the development of Bamboo, a Maharashtra State Bamboo Enforcement Authority will be established with a provision of Rs15 Crores.
  • A separate social security corporation will be formed for unorganised workers. Further speaking on plans of development in the state, the minister announced that until December 28, 2018 about 1000 villages in the state will be digital.
  • In Mumbai, the Maharashtra government has announced a proposal to start a School of Drama, the first of its kind in the country.
  • A control unit will be established by the Planning Department for monitoring and control of employment generation and skill development schemes.
  • The Economics Department of Mumbai University to be reorganised and renamed as Mumbai Economics and Public Policy Institute. On the occasion of completion of its 100 years. Rs 25 Crores to be made available for this in the next 5 years.
  • In a bid to cultivate and incentivise higher education, the Maharashtra government will provide Rs 40 crores to the centrally-sponsored Rashtriya Uchchstar Shiksha Abhiyan.(RUSA)
  • The Finance Minister has also announced the setting up of a military school in Chandrapur. A sum of Rs 200 crores will be provided by the government for the same.
  • In order to boost the already high industrial development in the state.A provision of Rs 3500 crores has been allotted for the budgeted 195 works under the Hybrid Annuity. Further, Rs 1000 crores will be provided for a subsidy of power tariffs to encourage industrial units in Vidarbha and Marathwada and Rs60 crores will be provided to increase the productivity of MSMEs.
  • Rs 570 crore would be provided for Industrial Cluster Development scheme. Land has already been allocated for the project in Aurangabad. Government aims to maximise customer investment in the scheme.
  • Infra. fund will be established for the infra projects, “Maha-Infra” SPV will be established to fulfill this purpose, announced Sudheer Mungantiwar.
  • Under Swacch Bharat Mission, the State will be made free from open-defecation by March 2018. Rs 545.66 crore has been allotted for the same, the State Finance Minister stated.
  • The Finance Minister stated the resolution of state government to provide housing to nearly 2.5 lakh people under the Pradhan Mantri Awas Yojana.

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