CM Fadnavis Set To Present Budget 2026
Maharashtra Chief Minister Devendra Fadnavis is set to present the state budget for the 2026-27 financial year in the Assembly today. The finance portfolio, previously managed by Ajit Pawar, has now been taken over by Fadnavis following Pawar’s tragic death in a plane crash in Baramati.
The budget has drawn major attention, with many awaiting key announcements related to a long-anticipated farm loan waiver and a possible increase in the honorarium for beneficiaries of the Ladki Bahin scheme.
Farmers’ groups and political observers are closely watching the presentation, as the government is expected to outline its financial priorities and welfare measures for the coming year. Whether the budget will include relief measures for farmers and enhanced support for women beneficiaries remains one of the main points of interest ahead of the announcement.
Maharashtra Gets New Governor Amid Budget Session
Jishnu Dev Varma has been appointed Governor of Maharashtra as part of a nationwide reshuffle announced by Rashtrapati Bhavan. R. N. Ravi will serve as Governor of West Bengal, while Syed Ata Hasnain has been appointed Governor of Bihar among other key changes.
Maharashtra’s Economic Growth Projected to Reach 7.9% in 2025-26
Maharashtra’s economic growth is expected to rise from 7.3 per cent in 2024-25 to 7.9 per cent in 2025-26, according to the state’s Economic Survey 2025-26 presented in the legislature on Thursday. This projection surpasses the national growth estimate of 7.4 per cent. The survey notes that while the agricultural sector experienced a slowdown due to unseasonal rains and floods, stronger performance in the industrial and services sectors, weighted more heavily in overall growth calculations, helped offset these losses.
Per Capita Income to Increase; State Ranks 5th Nationwide
The state’s Economic Survey 2025-26 projects Maharashtra’s per capita income to grow from Rs 3,17,800 in 2024-25 to Rs 3,47,903 in 2025-26, remaining well above the estimated national average of Rs 2,19,575. Despite this growth, Maharashtra ranked fifth in the country in per capita income in 2024-25, behind Telangana, Karnataka, Tamil Nadu and Gujarat. The figures reflect continued economic expansion, though several states maintain higher per capita income levels.
Agriculture Growth Slumps Amid Adverse Weather
Agricultural growth is forecast to decline sharply from 9.1 per cent in 2024-25 to 3.4 per cent in 2025-26. Nearly 42 per cent of the state was affected by excessive rainfall in 2025, damaging crops, while untimely rains and hailstorms further hampered output. The kharif crop faced severe losses, with pulse production expected to drop by 28 per cent and oilseed output by 47.4 per cent. These weather-related setbacks significantly suppressed growth in the agricultural sector during the year.
Facing ₹9.32 Lakh Crore Debt, Ambitious About $1 Trillion Economy Dream
The state faces an unprecedented debt of Rs 9.32 lakh crore while pursuing ambitious economic goals, including becoming a one trillion dollar economy by 2030 and achieving a five trillion dollar target under the Viksit Maharashtra 2047 initiative. The upcoming budget is expected to outline strategies to balance fiscal consolidation with growth-oriented reforms.
Over 1.45 Cr Students In 1.04 Lakh Primary Schools In State
Maharashtra has over 1.04 lakh primary schools with around 1.45 crore students, while 29,641 secondary and higher secondary schools enroll about 63.6 lakh students, according to the Economic Survey 2025-26.
The survey showed a slight increase in primary and upper primary schools from 1,04,499 in 2023-24 to 1,04,526 in 2024-25, though the proportion of rural schools dipped marginally from 75.2% to 75.1%.
Primary schools per thousand children decreased slightly from 10.1 to 10, while girls’ enrolment rose marginally from 47.7% to 47.8%, and the pupil-teacher ratio improved from 31.1 to 30:1.
'Budget Will Be Presented In Assembly At 2 PM': Maharashtra State Minister Ashish Jaiswal
Maharashtra State Minister Ashish Jaiswal stated, “We request everyone to wait for the budget. When it is presented in the Assembly at 2 PM, the people of Maharashtra will witness our dedication to steering the state toward development and rapid progress.”
Dhananjay Munde Remembers Ajit Dada Ahead Of Maharashtra Budget Presentation
NCP leader Dhananjay Munde shared on X that the Chief Minister of Maharashtra, the respected Devendra Bhau Fadnavis, will present the state budget for 2026-27 today. Known for his expertise in economics, Devendra Bhau is taking on a role that, if the late Ajitdada were still with us, would have been his. Through this budget, Devendra Bhau aims to carry forward Ajitdada’s vision for Maharashtra’s development.
Munde expressed confidence that the budget will serve as a roadmap for the state’s overall growth and economic progress. He added that today’s presentation by Devendra Bhau is not only a continuation of Dada’s vision but also a source of inspiration for achieving the state’s ambitions. He wished Devendra Bhau all the best for presenting the budget.
Maharashtra Minister Ashish Shelar Arrives At Assembly AheadOf Budget Presentation
'A Budget That Provides Justice To The Common People': Maharashtra Minister Atul Save
Chief Minister Devendra Fadnavis and Deputy Chief Minister Sunetra Pawar Pay Tribute To Chhatrapati Shivaji Maharaj Ahead Of Budget Presentation
NCP leader Amol Mitkari's Emotional Post remembering Ajit Pawar Ahead Of Maharashtra Budget Presentation
NCP leader Amol Mitkari posted an emotional message on X ahead of today’s Maharashtra Budget presentation, recalling the presence of Ajit Pawar during past budget sessions.
In his post, Mitkari wrote that the Legislative Assembly awaits Pawar’s customary greeting to Chhatrapati Shivaji Maharaj. He noted that on eleven previous occasions, Pawar would bow before the revered figure, take the budget briefcase in hand, and confidently present the budget with a focus on public welfare.
Mitkari added that Maharashtra would miss Pawar’s voice this time. He said the image of the iconic Maratha ruler in the Assembly feels “empty and hollow” today without that familiar moment before the budget presentation.
Aaditya Thackeray Lists Expectations Ahead of Maharashtra Budget
Aaditya Thackeray outlined his expectations from the Maharashtra Budget ahead of its presentation by Chief Minister Devendra Fadnavis.
In a post on X, Thackeray urged the CM to address the impact of the Middle East conflict on Maharashtra’s economy and provide clarity on the India–European Union Trade Agreement and the proposed India–United States Trade Deal. He also called for the promised farm loan waiver to be announced and implemented smoothly.
Thackeray further asked the Chief Minister to begin the budget with a report card on MoUs signed so far, including their status and the number of jobs created.
Maharashtra CM Devendra Fadnavis Begins Budget Presentation In State Assembly
CM Fadnavis Begins Budget Speech, Announces Programmes for Phule’s 200th Birth Anniversary
In the Budget session of the Maharashtra Assembly, Chief Minister Devendra Fadnavis, who also holds the Finance portfolio, began his Budget speech by saying, “This is not just a budget, but an important document for our journey toward 2027.”
He also invoked Mahatma Jyotiba Phule, noting that the year marks his 200th birth anniversary, and said the state will commemorate the occasion with various programmes.
AI Pilot In 75 Villages To Improve Lives, Says Maha CM Fadnavis
In his Budget speech, Chief Minister Devendra Fadnavis said the State will launch pilot projects in 75 villages using artificial intelligence to improve people’s lives.
He also announced that 2026–27 will be observed as Samajik Samata Ani Samarasata Varsha, the Year of Social Equality and Integration, under the Sant Tukaram Maharaj Development Plan.
'Maharashtra Budget Dedicated To Ajit Pawar; Memorial To Honour Him Be Constructed,' Says CM Fadnavis
Chief Minister Devendra Fadnavis expressed grief over the passing of Ajit Pawar, saying, “My heart feels heavy today.” He paid tribute to Pawar, noting, “The man who served as Deputy Chief Minister the most number of times is not among us today. He presented the Budget for 11 years, and his fiscal prudence kept the State on track. This Budget is dedicated to him.”
Fadnavis also announced that a memorial in honour of Ajit Pawar will be constructed.
Balasaheb Thackeray Memorial Completed; New Scheme to Be Launched Soon: CM Fadnavis
The first phase of the national memorial for Hinduhriday Samrat Balasaheb Thackeray in Mumbai has been completed, confirmed CM Devendra Fadnavis. The second and final phase of the memorial in Dadar is expected to be finished by June 2026. Following its completion, a new scheme in Balasaheb Thackeray’s name will be launched soon, he added.
Raigad Lake to Be Developed in Commemoration of Dr. B.R. Ambedkar’s 100th Anniversary
Raigad Lake, associated with Dr. B.R. Ambedkar, will undergo development as part of initiatives marking his 100th birth anniversary. A detailed development plan for the site will be prepared.
Sixth Pay Commission Report to Be Tabled in Next Session, Says CM Fadnavis
In his Budget speech, Chief Minister Devendra Fadnavis said, “As per the 16th Finance Commission recommendations, the State will receive additional funds. I thank the Prime Minister for that. The Sixth Pay Commission, formed by the State government, has been submitted on time. We will send it to the Governor, and it will be tabled in the next session.”
Maharashtra Aims For $5 Trillion Economy by 2047: CM Fadnavis
Chief Minister Devendra Fadnavis said, “Maharashtra is the country’s financial engine, and our share will be the biggest. The State aims to achieve an economy of USD 5 trillion by 2047.”
He added a couplet to emphasise ambition: “Jab irada bana liya hai unchi udaan ka, fir dekhna fizul hai sar asmaan ka,” conveying that once a high-flying goal is set, no sky is too high to reach.
'Integrated Supply Chain, AI Initiatives For 14–15 Crops,' Says CM Fadnavis
Chief Minister Devendra Fadnavis highlighted measures for the agricultural sector. He said, “Agri-farmers’ produce should reach international markets. An integrated supply chain will be created for 14–15 crops.”
He added that artificial intelligence will be leveraged for agriculture through the Mahavistar AI platform, which will also integrate tribal languages. Fadnavis noted that agricultural data exchange and agricultural universities will support agri-startups.
The CM further announced the implementation of the Agristack scheme, with over 1 crore agriculture cards prepared for farmers, including tribals. He also confirmed the launch of the Maharashtra Organic Farming Scheme and the inclusion of farm labourers under the Gopinath Munde scheme. For the fisheries sector, Fadnavis stated that the State would implement the CM Gram Sadak Yojana, with all work in the first phase to be completed by March 2026.
₹33,410 Crore Spent Under PMAY-Gramin; Rooftop Solar To Be Provided
Chief Minister Devendra Fadnavis announced that Rs 33,410 crore has been spent under the Pradhan Mantri Awas Yojana (Gramin). Under the scheme, rooftop solar systems will also be provided to beneficiaries, promoting sustainable and affordable housing.
Fadnavis announced that rooftop solar panels will be installed on houses constructed under the Pradhan Mantri Awas Yojana (PMAY). He said, “3.57 lakh houses will be completed under the scheme.”
1.31 Crore Farmer IDs Generated; Agristack Scheme Helping Increase Farmers’ Income
Chief Minister Devendra Fadnavis announced that 1.31 crore farmer IDs have been created as of February. Over 30 lakh farmers are receiving timely information on weather and market prices. All four agricultural universities are using AI support to assist farmers, helping to boost their income through the Agristack scheme.
Fadnavis added that over the next four years, capital investment will be increased, and infrastructure will be developed to further support agriculture.
Major Boost Planned for Animation & Gaming Sector in Maharashtra
The State government aims to make Maharashtra a leader in the animation and gaming sector. Priority will be given to setting up over 250 studios. Previously, the Waves Conference was held, and with the support of the Centre, the Indian Institute of Creative has been established. Pune is emerging as the most preferred location in India for GCC (Global Capability Centres) in this sector.
Start-up & Innovation Hub to Be Set Up in Mumbai's Wadala
Chief Minister Devendra Fadnavis said, “By 2047, 70 per cent of the population will be urban. Urban management systems will be strengthened, and services will be digitised.” He also announced the creation of a start-up and innovation hub in Wadala, Mumbai to boost entrepreneurship and technology-driven growth.
Virar, Boisar & Thane to Be Developed Around Bullet Train Corridor
Chief Minister Devendra Fadnavis announced that areas around the bullet train route, including Virar, Boisar, and Thane, will undergo development to support infrastructure and urban growth linked to the project.
6,000 km of Two-Lane Highways & Metro Expansion Planned
Chief Minister Devendra Fadnavis announced major infrastructure projects for Maharashtra. He said, “No illegal constructions will be allowed in MMR, and no new slum framework will be implemented.”
Fadnavis added that development plans will be drawn up for Pune, Nashik, and Nagpur, including the construction of over 1,000 km of metro tracks and 6,000 km of two-lane highways.
He also revealed plans to develop the Wadala-to-Gateway metro corridor and connect Mumbai’s two airports via an underground metro. To address traffic issues, a network of underground roads will be built in Mumbai and Pune.
Signal-Free Traffic from Sewri to Coastal Road by Sept 2026, Bandra–Versova Coastal Road To Be Completed By 2028
Chief Minister Devendra Fadnavis announced major infrastructure developments in Mumbai. He said, “By September 2026, traffic from Sewri to the coastal road will be signal-free.”
He added that the Bandra–Versova coastal road is expected to be completed by May 2028, and a coastal bridge from Mumbai Vadhwan–Uttan to Virar will be constructed. Fadnavis also stated that Atal Setu will be connected to Navi Mumbai airport via Ulwe by May 2026, emphasising a strong focus on infrastructure expansion across the region.
Ropeway Project Planned for Tourists at Vasota Fort
Chief Minister Devendra Fadnavis announced during the Budget presentation that a ropeway project is planned at Vasota Fort to facilitate tourism. He added that priority funding will be provided for 50 selected tourist sites across the state.
All Villages to Be Connected by Concrete Roads: CM Fadnavis
Chief Minister Devendra Fadnavis announced that all villages with a population of over 1,000 will be connected by concrete roads.
He also said that the Nagpur–Gondia–Bhandara–Gadchiroli expressway will be constructed to enhance regional connectivity.
Panvel–Karjat Suburban Rail Corridor to Be Completed Soon
Chief Minister Devendra Fadnavis announced that the Panvel–Karjat suburban rail corridor, a 29.6 km project aimed at improving Navi Mumbai–Raigad connectivity, is nearing completion. The project, with an estimated cost of Rs 2,782 crore, will soon be open to the public.
CM Fadnavis Allocates ₹20,000 Crore for Solar Power for Farmers
Chief Minister Devendra Fadnavis highlighted the State’s focus on clean energy and announced that Rs 20,000 crore will be allocated for solar power for farmers. He noted that Maharashtra is the first state in India to have solar-powered pumps, a feat recognised as a Guinness World Record.
Fadnavis added that rooftop solar systems will be installed with subsidies, and under the SMART scheme, 5 lakh users will receive state concessions. He also mentioned plans for a Marine Shipyard, aligning with the government’s emphasis on sustainable development.
Loan Waiver Scheme Announced in Honour of Punyashlok Ahilyabai Holkar
In a major announcement during the Budget, Chief Minister Devendra Fadnavis said that under the Punyashlok Ahilyabai Holkar Farmers’ Loan Waiver Scheme, loans of up to Rs 2 lakh will be waived for eligible farmers till 3 September 2025.
He added that farmers who have paid regular installments will receive an incentive of up to Rs 50,000.
'Mukhyamantri Majhi Ladki Bahin Yojana To Continue,' Says CM Fadnavis
Chief Minister Devendra Fadnavis announced that the Majhi Ladki Bahin scheme will continue. However, no increase in the monthly payout from the current Rs 1,500 to Rs 2,100 was announced.
"Adequate funding has been allocated for it. A new policy for the welfare of single women will be introduced soon, with a target to benefit 25 lakh women," said Fadnavis.
₹21,000 Crore Allocated for Tribal Development; ₹23,150 Crore for Scheduled Castes in 2026-27
For tribal welfare programs, a sum of Rs 21,000 crore has been proposed. Additionally, Rs 23,150 crore has been allocated for initiatives benefiting Scheduled Castes in 2026–27.
Maharashtra to Nurture 1 Lakh Entrepreneurs, Support 50,000 Startups
Chief Minister Devendra Fadnavis announced plans to develop 1 lakh entrepreneurs and support 50,000 startups. Funding will be provided through a dedicated Chief Minister’s fund, and select startups will receive special concessions in loan facilities and tender processes. The Bharat Innovation Research Startup Advancement (BIRSA) Scheme will also be implemented to encourage innovation.
Maharashtra Announces Bamboo Industry Policy 2025
The Maharashtra government has unveiled the Bamboo Industry Policy 2025, aiming to attract over Rs 50,000 crore in investment. The policy targets the creation of 5 lakh direct and indirect jobs across the state.
‘MAHIMA’ Organisation to Be Established to Guide Youth, 36 Navdisha Centres Planned
The Maharashtra government will establish the MAHIMA organisation to provide guidance to youth seeking opportunities outside the state and country. Additionally, 36 Navdisha centres will be set up to support career development and skill-building initiatives.
Naturopathy Centre to Be Established in Satara, Says Fadnavis
Speaking on the Maharashtra Digital Health Programme, Chief Minister Devendra Fadnavis announced that Medicities will be developed across the state, and a naturopathy centre will be set up in Satara. He added that the Asian Development Bank will support select health schemes.
Special Authority Announced for Purandar Airport; Pune Metro Phase 2 Approved
Chief Minister Devendra Fadnavis announced the formation of a special authority for Purandar Airport. The Budget also approved the second phase of the Pune Metro project.
₹5,860 Crore Urban Project for Wastewater Treatment in Maharashtra
The Maharashtra government will implement a Rs 5,860 crore project across the state’s cities. The funds will be used to treat and recycle wastewater, improving urban sanitation and water management.
Yashwantrao Chavan Maharashtra Grant Academy to Be Established
The Maharashtra government will establish the Yashwantrao Chavan Maharashtra Grant Academy. Funds will be provided to strengthen health institutions and the initiative aims to preserve the state’s linguistic, artistic, sports and cultural heritage.
Funds Allocated for Simhastha Kumbh In Nashik; Shahu Maharaj Birthplace to Be Preserved
The Maharashtra government has allocated funds for the Simhastha Kumbh to be held in Nashik. Additionally, the birthplace of Shahu Maharaj in Satara will be preserved as part of heritage conservation efforts.
Maha Government Announces Major Initiative for Athletes
Chief Minister Devendra Fadnavis announced that 8 High-Performance Centres are currently operational in Maharashtra to encourage maximum athlete participation. Additionally, 4 new training centres will be established to further support sports development in the state.
Maharashtra to Recruit 75,000 More Government Posts
Chief Minister Devendra Fadnavis announced that after 1.2 lakh recruitments, the state will fill 75,000 additional government posts. He emphasised that transparent and efficient governance is essential to achieve the State’s vision for 2047.
Body Cameras to Be Provided to Cops In Over Next 3 Years
Chief Minister Devendra Fadnavis announced updates to the Cyber Security policy, including the establishment of modern data centres. He also said that under smart policing initiatives, body cameras will be provided to police personnel in phases over the next three years.
Robust Allocation of ₹21,867 Crore for District Annual Fund
The Maharashtra government has allocated Rs 21,867 crore for the District Annual Fund, which is Rs 1,708 crore more than last year’s allocation, ensuring increased resources for district-level development.
Maharashtra to Launch Natural Farming on 5 Lakh Hectares
The Maharashtra government will implement natural farming experiments on 5 lakh hectares under the Maharashtra Natural Farming Scheme. Chief Minister Devendra Fadnavis also announced the launch of the Chief Minister Rural Livestock Scheme. He stated that under the CM Gram Sadak Yojana, 97 per cent of work in the first phase has been completed.
Maharashtra to Set Up AI Directorate
The Maharashtra government has announced the establishment of an AI Directorate to promote artificial intelligence in the state. A separate department will be created to oversee AI initiatives and implementation.
Maharashtra’s Revenue & Fiscal Deficit Figures Announced
The Maharashtra government reported a revenue deficit of Rs 40,552 crore and a fiscal deficit of Rs 1,50,491 crore in the current Budget.
Whopping ₹7,69,467 Cr Allocated For Expenditure
For this year’s Budget, Rs 7,69,467 crore has been allocated for expenditure. The state faces a revenue deficit of Rs 40,552 crore, but the government has successfully kept the fiscal deficit below 3 per cent and the revenue deficit under 1 per cent, Chief Minister Devendra Fadnavis announced.
Abu Azmi On Maharashtra Budget 2026: 'Not Single Word For Minorities'
SP leader Abu Azmi criticised the Maharashtra Budget 2026, claiming it completely ignored minorities. "Not a single word was uttered for minorities, all the things must be implemented," Azmi said as quoted by PTI.
'Alice in Wonderland' Budget, CM Blissfully Unaware Of Ground Reality, Says Aaditya Thackeray
Aaditya Thackeray slammed the Maharashtra Budget 2026, saying it focuses on contractors rather than citizens. He called it an “Alice in Wonderland” budget, criticised poor quality of work like recent road projects, and said farm loan waivers lack clarity. Thackeray warned that most promises are pushed to 2047, making them impractical.
Sunetra Pawar On Maharashtra Budget 2026: 'Budget Aligns With Development-Oriented Vision Presented By Late Ajit Dada Pawar'
Deputy Chief Minister Sunetra Pawar said budget 2026 aligns with the advanced, development-oriented vision presented by late Ajit Dada Pawar and aims to maintain Maharashtra’s growth momentum..."
She added, "The ‘Gatiman Nagari Seva Puraskar’ in the name of the late Ajit Pawar, along with a befitting memorial for the respected late Ajit Pawar, is a fitting tribute..."
Maharashtra Budget 2026 Highlights
Key Announcement By CM Fadnavis:
For this year’s Budget, Rs 7,69,467 crore has been allocated for expenditure
The Maharashtra government reported a revenue deficit of Rs 40,552 crore and a fiscal deficit of Rs 1,50,491 crore in the current Budget.
Chief Minister Devendra Fadnavis announced that after 1.2 lakh recruitments, the state will fill 75,000 additional government posts.
Fadnavis announced that the Majhi Ladki Bahin scheme will continue. However, no increase in the monthly payout from the current Rs 1,500 to Rs 2,100 was announced.
In a major announcement during the Budget, Chief Minister Devendra Fadnavis said that under the Punyashlok Ahilyabai Holkar Farmers’ Loan Waiver Scheme, loans of up to Rs 2 lakh will be waived for eligible farmers till 3 September 2025. He added that farmers who have paid regular installments will receive an incentive of up to Rs 50,000.
Fadnavis highlighted the State’s focus on clean energy and announced that Rs 20,000 crore will be allocated for solar power for farmers.
Chief Minister Devendra Fadnavis said, “Maharashtra is the country’s financial engine, and our share will be the biggest. The State aims to achieve an economy of USD 5 trillion by 2047.”
State To launch pilot projects in 75 villages using artificial intelligence to improve people’s lives.
Start-up & Innovation Hub to Be Set Up in Mumbai's Wadala
Chief Minister Devendra Fadnavis announced that areas around the bullet train route, including Virar, Boisar, and Thane, will undergo development to support infrastructure and urban growth linked to the project.
Fadnavis added that development plans will be drawn up for Pune, Nashik, and Nagpur, including the construction of over 1,000 km of metro tracks and 6,000 km of two-lane highways.
He also revealed plans to develop the Wadala-to-Gateway metro corridor and connect Mumbai’s two airports via an underground metro. To address traffic issues, a network of underground roads will be built in Mumbai and Pune
