Mumbai: On one hand, the Maharashtra Assembly resolved to boost the economy, while on the other hand, a deficit budget was presented in the absence of Finance Minister Deputy Chief Minister Ajit Pawar. State budget presented in Maharashtra Assembly today The budget of the state of Maharashtra for the year 2026-27 was presented in the Legislative Assembly today. State Chief Minister Devendra Fadnavis presented this year’s budget. During this budget speech, the Chief Minister made two important announcements while reminiscing the memory of the late Deputy Chief Minister and former Finance Minister Ajit Pawar and paying tribute to him. Reminiscing the memory of Ajit Dada, Chief Minister Devendra Fadnavis became emotional while presenting the budget. On this occasion, Devendra Fadnavis highlighted Ajit Pawar’s contribution to the state’s economy. Ajit Dada is not with us today, but his relationship with the budget was very strong. He has presented a record 11 state budgets. A hardworking man was his true identity. The Chief Minister made the following two important announcements to appreciate the work of Ajit Pawar. A grand memorial will be built by the state government according to the personality and achievements of Ajit Pawar. Also, the ‘Ajit Pawar Gatimaan Nagari Samman’ award will be started for those who have shown excellence in administrative work and civic amenities. The Chief Minister said that this budget is being dedicated entirely to Ajit Pawar. Ajit Pawar was known for his discipline and work speed. This new award will be given to carry forward the legacy of his dynamic work. After this announcement, the members present in the House applauded the decision.

Loan waiver of Rs 2 lakh for farmers

Loan waiver was announced for the farmers of the state. Chief Minister Devendra Fadnavis announced this while presenting the state budget. Devendra Fadnavis has announced that this loan waiver is under the Panyabai Ahilyabai Holkar Farmers’ Loan Waiver Scheme.

Loan waiver of up to Rs 2 lakh has been announced for eligible farmers who have outstanding crop loans till September 30, 2025. It has also been announced that a concessional benefit of up to Rs 50,000 will be given to those farmers who repay their loans regularly.

Which farmers are eligible for loan waiver?

Farmers with outstanding loans of up to Rs 2 lakh
Only those farmers who have outstanding crop loans will be eligible.

The outstanding loans will be waived off till September 30, 2025.

Farmers who repay their loans regularly will be given a concessional benefit of up to Rs 50,000.

Key points for agriculture in the budget
Farmers’ crop loans up to Rs 2 lakh waived, eligible farmers will benefit till September 30, 2025. Farmers who repay their loans regularly will be given incentives of up to Rs 50,000. Farm workers will participate in the Gopinath Munde Accident Scheme. Five roads have been approved. More than 30 lakh farmers are being provided with weather and market price information.

The help of AIG is being taken in all four agricultural universities. This is helping to increase the income of farmers. The agricultural stake scheme is being implemented. 1 crore 31 lakh farmer identity cards have been created till February. Infrastructure will be created by increasing investment in four years.

Maharashtra Natural Agriculture Mission will start in the next two years. Gopinath Munde Scheme will now include farm workers on board. A special scheme will be implemented for women shepherds and goats.

Maharashtra Budget Revenue Deficit Reduced to 1%
This year, Rs 7,69,467 crore was allocated for expenditure in the budget. This year’s budget is facing a deficit of Rs 40,552 crore. The government has succeeded in keeping the fiscal deficit below 3% and the revenue deficit has remained below 1%. Special focus has also been given to Naxal-affected areas in this budget. An investment of Rs 2 lakh crore has been made in Gadchiroli. Vidarbha has also been given a better share in this budget. Devendra Fadnavis has presented a deficit budget in the House of Assembly. Along with this, concrete roads have been approved in the budget to connect village roads with development. Villages with a population of more than 1,000 will be connected with concrete roads. Waterways in Mumbai will be expanded by 340 km. Devendra Fadnavis also said that the number of passengers, which was 1.6 crore, will increase to 7 crore. This budget also claims 50 lakh employment opportunities in the state, along with many gifts to villages and cities. 30 lakh farmers will be provided with environmental information, which is sure to increase agricultural production. ID of 13.1 crore farmers will be completed by February. Maharashtra Natural Agricultural Production has been started in the next two years. The target is to develop a $50 billion center in Mumbai and Pune to connect Maharashtra with development.