Maharashtra Finance Minister Ajit Pawar on Friday presented the first Budget of Maha Vikas Aghadi-led government’s in the Legislative Assembly.
New Delhi| Maharashtra Finance Minister Ajit Pawar on Friday presented Maha Vikas Aghadi-led Maharashtra government’s maiden budget in the Legislative Assembly. The MVA government in Budget 2020-21 proposed Rs 5,000 crore for the health sector and allocated Rs 1,300 crore for higher and technical education.
While presenting the budget, Ajit Pawar said that the Central government did not approve funds last year for farmers who faced crop loss due to rainfall. Center only approved around Rs 956 crores, so instead of waiting for the Center’s help, we took the initiative to help farmers.
Mr. Pawar said the budget proposals focus on tackling challenges of economic slowdown and creation of employment.
The Minister said that there was a drop in central funds to the State to the tune of ₹8,453 crore, and added that the total debt on the State till January 2020 is ₹4,33,901 crore.
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- MLA Local Area Development (LAD) funds increased from Rs 2 crore to Rs 3 crore.
- Rs 9,800 crore allocated for the district development plan.
- State to create Transgender Welfare Board. Rs 5 crore allocated for the welfare of the transgenders.
- Rs 9,668 crore allocated for the social justice department.
- 500 capacity hostel for backward class students in Mumbai and Pune University.
- Rs 1,300 crore allocated for higher and technical education.
- Rs 2,525 crore allocated for education and sports activities.
- Konkan region gets 3,500 crores for development projects.
- FM announces Rs 7,995 crore for the textile sector.
- The Maha Vikas Aghadi government proposes Rs 7,000 crore for the loan waiver scheme for 2020-21.
On Thursday, Economic Survey 2019-20 was presented in the state Legislature. The Economic Survey that Maharashtra’s economy is expected to grow at 5.7 per cent during 2019-20. The agriculture and allied activities in Maharashtra are also expected to grow at 3.1 per cent in 2019-20.
After the Economic Survey was presented, Maharashtra Deputy Chief Minister Ajit Pawar said on Thursday that the Maha Vikas Aghadi government will reclaim the state’s top ranking.
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