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MUMBAI: Maharashtra Deputy Leader Minister Devendra Fadnavis, who holds the finance portfolio additionally, introduced a slew of incentives and schemes in Funds 2023-24 in his try to stay all sections satisfied forward of Lok Sabha and State meeting elections subsequent yr.
Fadnavis mentioned as India is transferring in opposition to a $5- trillion economic system and Maharashtra targets to turn into a $ 1 trillion economic system. The finances, introduced within the meeting on Thursday, estimated a earnings deficit of Rs 16,112 crore and Rs 95,500.80 crore as a fiscal deficit. The usage of a virtual device tab to learn his finances speech, Fadnavis cited medieval duration saint verses akin to Saint Tukaram, Saint Dnyaneshwar to hook up with the Bahujan lots.
He mentioned to spice up state’s proportion from 14.2 consistent with cent to twenty consistent with cent within the nationwide gross home product (GDP), the federal government has made up our minds to offer emphasis on infra advent that may lead to complete construction of Maharashtra. The finance minister introduced ‘Namo Shetkari Mahasanman Nidhi’ to complement the Pradhan Mantri Krishi Samman Nidhi Yojana, conceived by means of PM Narendra Modi, with grants from the State.
“Maharashtra executive will supply an extra quantity of Rs 6,000, along side Rs 6,000 consistent with farmer consistent with yr from the central executive. On this means, an quantity of Rs 12,000 might be deposited in a farmer’s account yearly. This may increasingly get advantages round 1.15 crore farmer households. We have now earmarked the cheap of Rs 6,900 crore for this formidable scheme,” Fadnavis mentioned. He additional mentioned that there’s a provision to pay 2 consistent with cent of the insurance coverage top class by means of the farmer within the Pradhan Mantri Crop Insurance coverage Scheme of 2016 by means of the Central executive.
“On the other hand, the insurance coverage top class for his or her proportion might be paid by means of the state executive itself. Farmers now not endure this burden as neatly. Farmers can check in at the Pradhan Mantri Crop Insurance coverage Yojana portal by means of paying a nominal charge of Rs 1. We have now made the availability of Rs 3,312 crores for this scheme,” he added.
“Beneath Mahatma Jyotirao Phule Shetkari Karjmukti Yojana, farmers who steadily pay off non permanent crop loans were given an incentive of as much as Rs 50,000, which used to be introduced within the ultimate two budgets, however no longer dispensed. Beneath this scheme, an quantity of Rs 4,683 crore has been immediately dispensed to the financial institution accounts of 12.84 lakh eligible account holders by means of the top of February 15, 2023,” he mentioned.
Finance minister mentioned that the federal government has additionally proposed giving pipeline connections to 17,72,000 households below Jal Jeevan Challenge that may price Rs 20,000 crore to the state exchequer. “A brand new scheme known as Lek Ladki might be introduced for women. But even so, girls might be given a 50 consistent with cent cut price on price ticket fares in state-run buses,” Fadnavis mentioned.
One thing for everybody
At a look
I5,47,450 cr Overall expenditure
I4,49,522 cr Earnings receipts
I4,65,645 cr Earnings expenditure
I16,112 cr Earnings deficit
I95,500 cr Fiscal deficit
‘Panchamrut’ – 5 main objectives
Sustainable Farming – Rs 29,163cr
Inclusive construction of all sections of society, together with girls, tribals, backward categories, OBCs – Rs 43,036 crore
Construction of infrastructure with considerable capital funding – Rs 53,059 crore
Employment generation- Rs 1,658cr
Surroundings-friendly construction – Rs 13,437 crore
Different takeaways
Goals to turn into $1-trillion buck economic system
Relief of VAT price on ATF from 25% to 18% in Mumbai, Pune and Raigad districts
Jal Jeevan Challenge- About Rs 20,000 crore to be spent for offering water faucets to
Modi Awas Gharkul Yojana – 10 lakh homes to be inbuilt subsequent 3 years for OBCs for Rs 12,000 cr
17,72,000 families
Feminine body of workers with a per thirty days wage as much as Rs 25000 might be exmpted from Career Tax.
Lek Ladki – Lady born in a circle of relatives maintaining yellow or orange ration card to get grants on the degree of delivery
MUMBAI: Maharashtra Deputy Leader Minister Devendra Fadnavis, who holds the finance portfolio additionally, introduced a slew of incentives and schemes in Funds 2023-24 in his try to stay all sections satisfied forward of Lok Sabha and State meeting elections subsequent yr.
Fadnavis mentioned as India is transferring in opposition to a $5- trillion economic system and Maharashtra targets to turn into a $ 1 trillion economic system. The finances, introduced within the meeting on Thursday, estimated a earnings deficit of Rs 16,112 crore and Rs 95,500.80 crore as a fiscal deficit. The usage of a virtual device tab to learn his finances speech, Fadnavis cited medieval duration saint verses akin to Saint Tukaram, Saint Dnyaneshwar to hook up with the Bahujan lots.
He mentioned to spice up state’s proportion from 14.2 consistent with cent to twenty consistent with cent within the nationwide gross home product (GDP), the federal government has made up our minds to offer emphasis on infra advent that may lead to complete construction of Maharashtra. The finance minister introduced ‘Namo Shetkari Mahasanman Nidhi’ to complement the Pradhan Mantri Krishi Samman Nidhi Yojana, conceived by means of PM Narendra Modi, with grants from the State.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );
“Maharashtra executive will supply an extra quantity of Rs 6,000, along side Rs 6,000 consistent with farmer consistent with yr from the central executive. On this means, an quantity of Rs 12,000 might be deposited in a farmer’s account yearly. This may increasingly get advantages round 1.15 crore farmer households. We have now earmarked the cheap of Rs 6,900 crore for this formidable scheme,” Fadnavis mentioned. He additional mentioned that there’s a provision to pay 2 consistent with cent of the insurance coverage top class by means of the farmer within the Pradhan Mantri Crop Insurance coverage Scheme of 2016 by means of the Central executive.
“On the other hand, the insurance coverage top class for his or her proportion might be paid by means of the state executive itself. Farmers now not endure this burden as neatly. Farmers can check in at the Pradhan Mantri Crop Insurance coverage Yojana portal by means of paying a nominal charge of Rs 1. We have now made the availability of Rs 3,312 crores for this scheme,” he added.
“Beneath Mahatma Jyotirao Phule Shetkari Karjmukti Yojana, farmers who steadily pay off non permanent crop loans were given an incentive of as much as Rs 50,000, which used to be introduced within the ultimate two budgets, however no longer dispensed. Beneath this scheme, an quantity of Rs 4,683 crore has been immediately dispensed to the financial institution accounts of 12.84 lakh eligible account holders by means of the top of February 15, 2023,” he mentioned.
Finance minister mentioned that the federal government has additionally proposed giving pipeline connections to 17,72,000 households below Jal Jeevan Challenge that may price Rs 20,000 crore to the state exchequer. “A brand new scheme known as Lek Ladki might be introduced for women. But even so, girls might be given a 50 consistent with cent cut price on price ticket fares in state-run buses,” Fadnavis mentioned.
One thing for everybody
At a look
I5,47,450 cr Overall expenditure
I4,49,522 cr Earnings receipts
I4,65,645 cr Earnings expenditure
I16,112 cr Earnings deficit
I95,500 cr Fiscal deficit
‘Panchamrut’ – 5 main objectives
Sustainable Farming – Rs 29,163cr
Inclusive construction of all sections of society, together with girls, tribals, backward categories, OBCs – Rs 43,036 crore
Construction of infrastructure with considerable capital funding – Rs 53,059 crore
Employment generation- Rs 1,658cr
Surroundings-friendly construction – Rs 13,437 crore
Different takeaways
Goals to turn into $1-trillion buck economic system
Relief of VAT price on ATF from 25% to 18% in Mumbai, Pune and Raigad districts
Jal Jeevan Challenge- About Rs 20,000 crore to be spent for offering water faucets to
Modi Awas Gharkul Yojana – 10 lakh homes to be inbuilt subsequent 3 years for OBCs for Rs 12,000 cr
17,72,000 families
Feminine body of workers with a per thirty days wage as much as Rs 25000 might be exmpted from Career Tax.
Lek Ladki – Lady born in a circle of relatives maintaining yellow or orange ration card to get grants on the degree of delivery
