Maharashtra Budget 2025-26 Highlights: Maharashtra’s Budget for FY 2025-26 is being presented today (March 10) by Deputy Chief Minister and Finance Minister Ajit Pawar. This marks the first budget under the newly-formed Mahayuti government and Pawar’s 11th budget as Finance Minister, according to a press release from the Nationalist Congress Party (NCP).
During the COVID-19 pandemic, when many states struggled financially, Pawar’s fiscal management and prudence earned praise. Maharashtra’s past budgets under his leadership have prioritised various sectors, including farmers, laborers, women, Dalits, tribals, students, and youth.
Last year’s pre-election budget was lauded as both inclusive and transformative, with its public-friendly policies playing a crucial role in the Mahayuti government’s return to power. According to the reports, Devendra Fadnavis-headed BJP-led government will have to do a lot of balancing as it presents the Budget 2025-26.
Maharashtra Budget 2025-26 Live, Ajith Pawar Speech: Stay tuned with Financial Express to check sector wise allocation and key announcements in Maharashtra Budget 2025
Maharashtra Budget 2025 Live Updates: What did Maha CM Fadnavis said on state Budget?
Chief Minister Devendra Fadnavis highlighted Maharashtra’s significant infrastructure investments, with river-linking and water projects progressing at an accelerated pace. He stressed that these developments would not only enhance resources but also create extensive employment opportunities across the state.
On the Ladki Bahin Scheme, Fadnavis announced the establishment of small credit societies to promote better financial management among women beneficiaries, helping them make the most of the Rs 1,500 monthly assistance already provided under the scheme.
Maharashtra is also set to roll out the Lakhpati Didi Scheme, a Central Government initiative aimed at financial empowerment for women. Fadnavis revealed that the state has already supported 23 lakh women in becoming ‘Lakhpati Didis’ and is now setting an ambitious target of reaching 1 crore women under the program.
Maharashtra Budget 2025 Live Updates: Budget presentation ends - Here's the allocation
Ajit Pawar ended the Maharashtra Budget presentation. Here's a look at the allocation:
Home Department: Rs 2,237 crores
Excise Department: Rs 153 crores
Law and Justice Department: Rs 759 crores
Maharashtra Legislative Assembly Secretariat: Rs 547 crores
Maharashtra Budget 2025 Live Updates: Agri sector and AI in agriculture in focus
"Agriculture remains our top priority, with a strong emphasis on boosting farmers' income. To enhance productivity, we will actively promote Artificial Intelligence (AI) in farming. All irrigation projects are on track, with necessary funds allocated to support their progress. Additionally, we are focusing on expanding solar energy to drive sustainable growth," Ajit Pawar said.
Maharashtra Budget 2025 Live Updates: A look at key announcements made so far
- Rs 8,200 crore allocated for urban wastewater recycling to support agriculture and industry
- A Rs 19,300 crore irrigation project planned for the Tapi River Valley
- AI in agriculture: Pilot project covering 1 lakh acres and 50,000 farmers
- Ladki Bahin Scheme grant may increase to Rs 2,100, with financial support reaching Rs 64,000 crore
- Shirdi Airport to introduce night landing facilities
- Rs 64,000 crore allocated for Mumbai infrastructure projects
- Plans to generate 50 lakh jobs, with a major focus on road infrastructure
- Vadhvan Port, a proposed deep-sea port in Palghar district, set for development
Maharashtra Budget 2025 Live Updates: Rs 50.55 crore budget proposed for Ladki Yojana
Beneficiaries of the Sanjay Gandhi Niradhar Grant Scheme, Shravan Bal Seva State Pension Scheme and other special assistance programs will now receive direct bank transfers.
Meanwhile, the Lek Ladki scheme has directly benefited 1.13 lakh women, empowering them with financial support. A Rs 50.55 crore budget has been proposed for the scheme in 2025-26.
A third airport is proposed for Mumbai near Vadhvan Port.
Mumbai-Ahmedabad Bullet Train station will also be located near this port. This port will also be connected to the Samriddhi Highway.
The Jawaharlal Nehru Port Authority and Maharashtra Maritime Board are jointly building Vadhvan Port in Palghar district. The total cost of this project is Rs 76,220 crore, of which the state government's participation is 26%.
The expansion of the port will create an annual cargo handling capacity of about 300 million metric tonnes. This will be three times the current capacity of the Jawaharlal Nehru Port.
The new port is expected to start cargo traffic by 2030. With this port being included in the top 10 ports in the world in terms of container handling, the state of Maharashtra will emerge as a maritime transport superpower in the future.
Maharashtra Budget 2025 Live Updates: Step towards sustainable energy production
A 200 MW solar power project worth Rs 1,594 crore has been approved for the Mhaisal Upsa Irrigation Scheme in Sangli district.
Meanwhile, the Gosikhurd National Project has already created irrigation capacity for 12,332 hectares as of December 2024. With a proposed Rs 1,460 crore outlay for 2025-26, the project is on track for completion by June 2026.
Maharashtra Budget 2025 Live Updates: Incentives for passenger shipping and coastal tourism
The Maharashtra Marine Development Policy-2023 introduces several exemptions to boost port development, passenger shipping, and coastal tourism. The policy grants exemptions on property tax, non-agricultural tax, electricity duty, and stamp duty for port-related projects. Additionally, electricity for port operations will be charged at industrial rates.
To encourage passenger shipping and coastal tourism, the policy provides exemptions from passenger and port taxes. Furthermore, the maximum duration of port agreements has been extended to 90 years, ensuring long-term investment stability in the sector.
Maharashtra Budget 2025 Key Highlights: One District, One Product" – Districts to be Developed
- Under the One District, One Product initiative, districts will be developed as export hubs.
- The state has formulated a logistics policy, with 10,000 acres dedicated to logistics infrastructure development.
- Facilitating these projects will generate 5 lakh direct and indirect jobs.
- Seven commercial hubs will be established in Mumbai.
- Mumbai's economy is projected to grow from $140 billion to $300 billion.
- A mining corridor network is being developed to improve connectivity in Gadchiroli, promoting balanced regional development.
Pawar says, government's goal is to take Mumbai Metropolitan Region's economy to $1.5 trillion by 2047.
Maharashtra Budget 2025 Live Updates: 5 lakh direct and indirect jobs to be created
Maharashtra Budget 2025 Live Updates: Pawar pitches for 'One District, One Product'
Maharashtra Budget 2025 Live Updates: Industrial Policy 2025 to be announced soon
"We will soon announce the Industrial Policy 2025. The policy aims to attract ₹20 lakh crore in investments and create 50 lakh jobs. A separate regional policy will be developed for the circular economy, and new labor laws will be introduced," said Ajit Pawar.
Maharashtra Budget 2025 Live Updates: 'Employment and Income on the Rise'
Pawar Budget speech: The state is witnessing large-scale investments. Due to the government's investment in infrastructure, both domestic and foreign investments are increasing. As a result, employment is rising, and incomes are growing.
Maharashtra Budget 2025 Live Updates: 'Maharashtra will not stop now', says Ajit Pawar
"Maharashtra will not stop now, development will not be delayed."
Ajit Pawar stated that the government is actively working to attract investments in the industrial sector, leading to significant investments in the state.
Maharashtra Budget 2025 Live Updates: Pawar begins budget speech with a short verse
At the beginning of the Budget speech, Ajit Pawar recited this short verse before presenting the Budget.
"Ladki Bahini" blessed us, we feel grateful,
Beloved by millions, we stand faithful,
We worked for progress, we did it all,
That's why we're back, back once more!"
Maharashtra Budget 2025 Live Updates: Deputy CM Ajit Pawar Budget expresses gratitude to Modi
"Due to the provisions in the Union Budget, several projects in the state will receive substantial funding. On behalf of the people, I thank Prime Minister Modi," Ajit Pawar said.
Ajit Pawar begins presenting the Budget for the 11th time, after paying tribute to Chhatrapati Shivaji Maharaj and Jijau. This is the first Budget being presented after the Mahayuti government was re-elected in the Assembly elections.
Maharashtra Budget 2025 Live Updates: Uddhav Thackeray arrives for Budget session
Shiv Sena (UBT) leader Uddhav Thackeray arrives at the Maharashtra Assembly for the Maharashtra Budget Session.
Mumbai, Maharashtra: Shiv Sena (UBT) leader Uddhav Thackeray arrives at the Maharashtra Assembly for the Maharashtra Budget Session pic.twitter.com/4VQBidKpCs
— IANS (@ians_india) March 10, 2025
Maharashtra Budget 2025 Live Updates: Ajit Pawar pays tribute to Chhatrapati Shivaji Maharaj
While entering the Maharashtra Assembly for the Budget, Deputy Chief Minister and Planning Minister Ajit Pawar paid floral tributes to the statue of Chhatrapati Shivaji Maharaj, the revered deity of Maharashtra, in the legislature premises.
The state budget for the year 2025-26 will be presented today, March 10.
Maharashtra Budget 2025 Live Updates: Dada Bhuse's Important remark ahead of Budget
Ahead of the state budget, Dada Bhuse commented on what could be included in the budget.
He stated, "Instead of reducing others' share, increase your own. The voter list is being prepared by the government. We are trying to include all sections of society."
He further emphasized that the budget would be inclusive of all sections of society.
Maharashtra Deputy Chief Minister and State Finance Minister Ajit Pawar has arrived at the Maharashtra Legislative Assembly to present the state budget
Mumbai: Maharashtra Deputy Chief Minister and State Finance Minister Ajit Pawar arrived at the Maharashtra Legislative Assembly to present the state budget pic.twitter.com/DwvWWpqHeT
— IANS (@ians_india) March 10, 2025
Maharashtra Budget 2025 Live Updates: First budget for the newly-formed Mahayuti govt
This marks the first budget of the newly-formed Mahayuti government and the 11th budget presentation by Finance Minister Pawar. Shiv Sena (UBT) leader Sanjay Raut alleged that Maharashtra is reeling under a massive debt burden and claimed the state is facing financial anarchy. He further stated that a "war" is brewing between Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde.
“The state is being crushed under the burden of debt. The state is inflicted by financial indiscipline. There is financial anarchy,” Raut said.
Maharashtra Budget 2025 Live Updates: Maharashtra Congress on state economy
Congress attacked Maharashtra government over state's economy ahead of budget. "Economy is slowing, debt is mounting, unemployment is soaring, and key sectors are under severe distress — that's the stark reality revealed in the Economic Survey Report (ESR) of Maharashtra 2024-25," Congress Leader Prof. Varsha Eknath Gaikwad stated.
"As the Devendra Fadnavis government presents it's first budget today, one can only hope it addresses these pressing concerns rather than it becoming yet another exercise in political grandstanding and empty rhetoric," he further added.
Maharashtra Budget 2025 Live Updates: Manifesto cannot be fulfilled in just one year, says BJP MLA
"The promises made in the manifesto cannot be fulfilled in just one year. The government is meant to run for five years. If we give an answer sheet to a student, with a three-hour exam, and then take away their answer sheet in just three minutes, that's not how it works...," BJP MLA Sudhir Mungantiwar stated.
Maharashtra Budget 2025 Live Updates: Sanjay Raut claims 'war' between CM Fadnavis and Dy CM Shinde
Shiv Sena UBT's Sanjay Raut speaking in the Maharashtra Legislative Assembly during the Budget session, claimed the split between CM Devendra Fadnavis and Dy CM Eknath Shinde is “crushing" the state, CNCB-TV18 reported.
“The state is being crushed under the burden of debt. The state is inflicted by financial indiscipline. There is financial anarchy," Raut said.
Maharashtra Budget 2025 Live Updates: Ajit Pawar to deliver budget speech at 2 pm today
Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar will present state's eleventh budget on Monday at 2 pm.
With this, he will become the FM to present the Budget second-highest number of times.
Former Congress finance minister Sheshrao Wankhede held the highest record, who presented the state Budget thirteen times.
Maharashtra Budget 2025 Live Updates:What is the state's revenue estimate?
Maharashtra Budget 2025 Live Updates: Ajit Pawar to surpass Jayant Patil in budget presentations
Ajit Pawar is now ranked second in the list of Maharashtra's finance ministers who have presented the highest number of state budgets