Maharashtra Budget 2026–27 | 09 Mar 2026

Why in News? 

Chief Minister and Finance Minister Devendra Fadnavis presented the Maharashtra Budget for 2026–27 in the Maharashtra Legislative Assembly, outlining measures focused on farmers’ welfare, infrastructure development, clean energy, and economic growth. 

Key Points: 

  • Total Budget Outlay: The total budget outlay for FY 2026–27 is ₹7,69,467 crore, making it one of the largest budgets in the state’s history. The budget projects revenue receipts of about ₹6.16 lakh crore and revenue expenditure of about ₹6.56 lakh crore, leading to a revenue deficit. 
  • Fiscal Provision: 
    • Revenue Receipts: ₹6,16,099 crore 
    • Revenue Expenditure: ₹6,56,651 crore 
    • Revenue Deficit: ₹40,552 crore 
    • Fiscal Deficit: ₹1,50,491 crore 
    • Total Outstanding Debt: ₹11,02,654 crore 
  • Sector Wise Allocation:  
    • Scheduled Castes (SC): ₹23,150 crore. 
    • Scheduled Tribes (ST): ₹21,723 crore. 
    • Wainganga–Nalganga River Linking Project: ₹94,968 crore. 
    • Damanganga–Vaitarna–Godavari River Linking Project: ₹13,497 crore. 
    • Urban Water Supply & Wastewater Management Projects (with World Bank support): ₹5,860 crore. 
    • Mukhyamantri Baliraja Mofat Veej Yojana: ₹23,000 crore. 
  • Agriculture and Farmers’ Welfare:  
    • Farm Loan Waiver Scheme: The government announced the “Punyashlok Ahilyadevi Holkar Farmers’ Loan Waiver Scheme”, under which crop loans up to ₹2 lakh per farmer taken till 30 September 2025 will be waived. 
    • Incentive: Farmers who regularly repay loans on time will receive an additional incentive of ₹50,000. 
    • Natural Farming Mission: The state plans to bring around 5 lakh hectares under natural farming to promote sustainable agriculture and reduce chemical input costs.  
    • Irrigation Development: Major irrigation projects such as the Wainganga–Nalganga irrigation project have received large allocations to improve water availability in drought-prone regions. 
    • Free Electricity for Farmers: Around ₹20,000 crore has been allocated for providing free electricity to farmers, reducing agricultural input costs. 
  • Women and Social Welfare:  
    • Ladki Bahin Scheme: The government allocated ₹26,500 crore for the Mukhya Mantri Majhi Ladki Bahin Yojana, aimed at supporting women through financial assistance. 
    • Women Farmers: The budget includes initiatives to promote women’s participation in agriculture and entrepreneurship. 
  • Infrastructure and Connectivity:  
    • Capital Expenditure: The state government has proposed capital expenditure of about ₹1.2 lakh crore to strengthen infrastructure and boost economic growth. 
    • Expressway Development: ₹14,886 crore has been allocated for the second phase of the Shirur–Chhatrapati Sambhajinagar Greenfield Expressway, which aims to improve connectivity between key industrial hubs. 
    • Metro and Urban Infrastructure: Metro Line 11, a fully underground corridor connecting Wadala to the Gateway of India, with an estimated cost of ₹23,487 crore. 
  • Energy and Green Development:  
    • Renewable Energy Push: The state is expanding renewable energy initiatives and solar projects to increase clean power generation and reduce carbon emissions. 
    • Environmental Initiatives: The government has proposed ₹300 crore for a tree plantation drive as part of climate and environmental conservation efforts. 
  • Health Sector: 
    • Health Budget Allocation: The health budget has been reduced to about ₹33,653 crore, which is lower than the previous year’s allocation.  
    • Preventive Health Initiative: A proposed Pragati Yojana aims to provide large-scale screening for diseases such as diabetes, cancer and heart disease in rural areas. 
  • AI & Digital Agriculture: 
    • Mahavistar AI Chatbot: AI-based digital tools will provide farmers with weather updates, crop disease alerts, and market price information. 
    • Artificial Intelligence in Agriculture: A pilot project in 75 villages will use AI to provide farmers with real-time information on weather, crop conditions, and soil health. 
    • AgriStack & Farmer ID: Digital farmer identification through AgriStack is being implemented to ensure targeted delivery of government schemes. 
  • Industrial Growth: Special focus has been placed on strengthening industrial clusters and logistics hubs in cities like Nashik and Chhatrapati Sambhajinagar. 
  • Start-up and Innovation: The state plans to promote start-ups, innovation hubs, and digital technology sectors to boost employment and entrepreneurship. 
  • Vision for Development: The budget aims to transform Maharashtra into a $1-trillion economy by 2030 under the broader vision of “Viksit Maharashtra 2047.” 
  • Significance: The Maharashtra Budget 2026–27 focuses on farmer relief, welfare schemes, and infrastructure development, while laying a long-term roadmap for sustainable economic growth and the vision of Viksit Maharashtra 2047.