Mumbai, March 6 The Maharashtra budget for 2026-27 is based on the roadmap for Viksit Bharat (developed India), Chief Minister Devendra Fadnavis said on Friday.
Speaking to reporters after presenting the budget in the assembly, he said it also fulfills the Mahayuti's promise of farm loan waiver made ahead of the 2024 assembly polls. The Mahayuti comprises the BJP, Shiv Sena and NCP.
In his budget speech, Fadnavis announced the Punyashlok Ahilyadevi Holkar Shetkari Karjmafi Yojna, a loan waiver scheme for farmers under which crop loans of up to Rs 2 lakh will be written off by September 30, 2025. He also announced a Rs 50,000 incentive for other eligible farmers who are regular in repaying loans.
The CM said the budget has an outlay of Rs 1 lakh for capital expenditure.
Maharashtra is the country's financial engine, and will become a USD 5 trillion economy by 2047, he said in the assembly.
Deputy CM Eknath Shinde said the government will fulfill all the promises made by the Mahayuti, while Deputy CM Sunetra Pawar said the budget is inclusive and maintains regional balance.
