CM Fadnavis presents Maharashtra Budget 2026; here are key highlights

CM Fadnavis presented the budget on Friday. Pic/Sameer Abedi

Chief Minister Devendra Fadnavis presented the Maharashtra Budget 2026 on Friday.

Fadnavis presented the budget on Friday after the death of Ajit Pawar in a plane crash on January 28.

IN PHOTOS: CM Fadnavis reaches Vidhan Bhavan to present Maharashtra Budget 2026

1 hour agoPHOTO GALLERY

In the absence of the finance minister, the responsibility of presenting the budget has been taken over by the chief minister.

The Maharashtra government has projected an increase in its state tax revenue for the upcoming financial year. According to the revised estimates for 2025-26, the state's tax revenue stands at Rs 4,09,593 crore.

For the financial year 2026-27, the government has set the budget estimate for state's own tax revenue at Rs 4,15,653 crore.

The budget outlines the government's revenue and expenditure plans for the upcoming financial year and focuses on key areas.

The Maharashtra government has projected an increase in revenue receipts and overall expenditure in the Budget Estimate (BE) for 2026-27 compared to the previous financial year.

According to the budget figures, revenue receipts are estimated at Rs 6,16,099 crore for 2026-27, up from the revised estimate of Rs 6,01,489 crore for 2025-26. In the 2025-26 budget estimate, revenue receipts were pegged at Rs 5,60,963 crore.

Budget at a glance

Key highlights of the budget -

- The Mumbai-Pune Global Capability Centre (GCC) corridor is rapidly emerging as one of India's most preferred destinations for global companies to set up technology, innovation, and back-office hubs.

- The state government has formed a committee to examine the farm loan waiver promised during the election campaign, and announced that eligible farmers up to September 30, 2025 will receive a loan waiver of up to Rs 2 lakh.

- On the occasion of International Women's Day on March 8 mentioned that the Mukhyamantri Ladki Bahin Yojana will continue with ample budgetary provision made for the scheme.

- The state aims to increase tourist footfall from 16 crore to 38 crore by 2047, while making the entire travel and tourism experience 100 percent digital.

- A memorial (Smarak) and an award in the name of Ajit Pawar have been proposed to recognise his contributions to Maharashtra's politics.

- Out of the 12 Jyotirlingas in India, five located in Maharashtra will be developed as major religious tourism destinations.

- The Thane-Borivali connectivity project in Mumbai is expected to be completed by June 2028, significantly reducing travel time between the eastern and western suburbs.

- Villages with a population of more than 1,000 will be connected with concrete roads to improve rural connectivity and infrastructure.

- An estimated farm loan waiver scheme in the state is approximately Rs 35,000 crore. Under the scheme, farmers may receive a loan waiver of up to Rs 2 lakh, while those who have been regularly repaying their crop loan instalments could be given an incentive of Rs 50,000, he said.

- Land acquisition for the greenfield airport in Gadchiroli has begun.

- Night landing facilities will be introduced at the airport in Latur.

- Airports in Shirdi, Nashik and Ratnagiri will be expanded to improve air connectivity.

- Old vehicle having BS4 and above emission norms and purchasing new vehicles 16 per cent concession in motor vehicle tax while scrapping old vehicles having BS 3 and below emission norms and pruchaisng new vehicle 30 percent concession in motor vehicle tax.

- Non transport (private) vehicles having BS4 and below emission norms cause more air pollution hence it is proposed to double the environment tax.

- The state has proposed an increase in the environmental tax on private vehicles with BS-IV and below emission norms. As per the proposal, the tax on two-wheelers will be increased from Rs 2,000 to Rs 4,000. For light motor vehicles (petrol) in the non-transport category, the environmental tax is proposed to rise from Rs 3,000 to Rs 6,000, while for light motor vehicles (diesel) it will increase from Rs 3,000 to Rs 7,000. The move is aimed at discouraging the use of older, more polluting vehicles and improving environmental standards in the state.

- Maharashtra Stamp Duty Act: Penal provision increased from Rs 5000 to up to Rs 1 lakh.