The Eknath Shinde-Devendra Fadnavis authorities on Thursday offered its first budget, a large ₹5,47,450 crore for the subsequent monetary yr 2023-24, primarily based on the precept of ‘Panchamrut’, with a concentrate on farmers, ladies, tribals, development of the infrastructure with substantial capital funding, employment, and eco-friendly development.
Deputy Chief Minister Devendra Fadnavis, who can also be the State Finance minister, began studying out the budgetary allocations within the Lower House of the legislature from an iPad, whereas his Cabinet colleague and Shinde faction Shiv Sena chief Deepak Kesarkar learn out the budget proposals within the Legislative Council.
Of the whole budget, income receipts to the tune of ₹4,49,522 crore within the subsequent fiscal, the income expenditure is projected at ₹ 4,65,522 crore, whereas the income deficit of the budget was ₹ 16,112 crore, and the fiscal deficit was ₹95,500.80 crore with a complete outlay of ₹ 1,72,000 crore.
During the budget presentation, Mr. Fadnavis stated that the Amnesty Scheme, 2023, for the Goods and Services Tax Department will probably be known as ‘Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023’. “Under this scheme, there will be a complete waiver of the arrears in cases where arrears are ₹ 2 lakh or less per year, as a result, small dealers will be benefited in around one lakh cases,” he stated.
He stated that stated the outlay for farmers has been elevated by ₹ 6,900 crore and the protection of the Mahatma Phule Jan Arogya scheme, a medical insurance scheme of the federal government, has been raised from ₹1.5 lakh to ₹5 lakh.
The budget additionally proposes ₹ 6,000 funding assist to farmers and ₹1 crop insurance coverage scheme and additionally offers aid in skilled tax to working ladies salaried as much as ₹ 25,000, 50 % concession on ticket fares to ladies travelling by State-run buses and ‘Lek Ladki’, a brand new scheme for the lady little one.
“For increasing the income of Annadata Baliraja (farmer), I announce the ‘Namo Shetkari Mahasanman Nidhi’ scheme under which the State government will provide an additional ₹ 6,000 per farmer, apart from ₹6,000 investment support per farmer every year from the Central government,” Mr. Fadnavis stated. As many as 1.15 crore farmer households will profit from it and the federal government will bear a burden of Rs 6,900 crore, he stated.
This additionally marks the primary budget of Mr. Fadnavis, as throughout his tenure as Chief Minister between 2014-2019, senior BJP chief and present Forest and Environment Minister Sudhir Mungantiwar was the Finance Minister. The Shinde-Fadnavis authorities got here to energy in June final, toppling the Maha Vikas Aghadi authorities led by Shiv Sena (UBT) chief Uddhav Thackeray.
The senior BJP chief introduced the Pradhan Mantri Fasal Bima Yojana for farmers at ₹1 and stated the federal government will bear the monetary burden of ₹ 3,312 crore.
“Under the earlier crop insurance scheme, the farmers had to pay two per cent of the crop insurance premium. Now, the farmers will not need to pay anything as the government will pay the premium amount,” he stated.
The authorities has additionally raised the honorarium for ASHA employees from ₹8,500 to ₹10,000 per thirty days, and introduced ‘Shakti Sadan’, a brand new scheme to offer shelter, authorized aid, medical care and counselling to ladies in misery, liberated from sexual exploitation or going through home violence. The scheme will probably be launched with the help of the central authorities by combining the Swadhar, Ujjwala schemes. “Fifty new Shakti Sadans will be started under the scheme,” he stated.
The Minister introduced ‘Modi Awas’ Gharkul Yojana below which as many as 10 lakh homes will probably be constructed within the subsequent three years for backward class beneficiaries with ₹12,000 crore. He stated that fifty kilometres of Metro strains will probably be made operational within the Mumbai Metropolitan Region this yr.
Announcing the ‘Lek Ladki’ scheme, Mr. Fadnavis stated that for yellow and orange ration card holder households, a subsidy of ₹ 5,000 will probably be given after beginning of a girlchild, ₹ 4,000 in Class 1, ₹ 6,000 in Class 6 and ₹ 8,000 in Class 11. After finishing 18 years of age, a money quantity of ₹75,000 will probably be given to the beneficiary lady,” he stated.
Further, Mr. Fadnavis stated that below the brand new logistics coverage of Maharashtra, a logistics hub will probably be created on 1,000 acres of land in Nagpur and a grand gems and jewelry park in Navi Mumbai, other than different schemes and initiatives.
“An investment of ₹ 75,000 crore is expected in the field of green hydrogen, green ammonia, solar and wind energy. Solar power projects will be set up in 20,000 Gram Panchayats,” he stated.
He additionally introduced a string of firms and boards for the welfare of assorted communities, together with Ramoshi and Lingayat, and his budget speech by studying verses of Saint Tukaram Maharaj and Saint Dnyaneshwar Maharaj.
Meanwhile, the Opposition criticised the budget and stated it was ready with the forthcoming Mumbai civic physique polls and Lok Sabha elections in thoughts. Leader of Opposition Ajit Pawar stated the budget 2023-24 lacked imaginative and prescient and path.
