Maharashtra’s assembly session turned fiscal on Tuesday with CM Devendra Fadnavis proposing ₹11,995 crore in supplementary demands for FY 2025-26’s balance, a move crafted to navigate rising debts through focused allocations.
Subsidies dominate: ₹3,112.85 crore offsets power bills for agricultural pumps, power looms, and textiles. Industries secure ₹803.94 crore in incentives for SMEs to megaprojects, fostering job creation and expansion.
Green thrust via ₹4,792.02 crore AIIB funds to Mahavitaran for solar pumps, targeting 52% renewables by 2030 under net-zero. ₹1,431.05 crore bolsters Jal Jeevan Mission with central aid.
The backdrop is stark: Ajit Pawar’s March budget pegged ₹45,890 crore deficit, debt at ₹9.32 lakh crore. June’s ₹57,509.71 crore and December’s ₹75,286.37 crore supplements vaulted deficits over ₹2 lakh crore.
Restrained and purposeful, these avoid extras, emphasizing aid to agriculture and business. Fadnavis preps 2026-27 budget for March 6, pledging discipline.
WEF spotlight: 16 GW solar imminent, 45 GW by 2032 (70% solar); renewables from 13% to 52% by 2030. Agri power costs <₹3/unit (was ₹8), easing loads. ₹24,631 crore for 5,630 MW hydro storage signals long-term vision.