Maharashtra budget 2024: Deputy CM Ajit Pawar presents state's budget, here's what is expected

With an eye on the upcoming Maharashtra Assembly elections Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar on Friday June 28 presented the Maharashtra Budget 2024On Thursday Maharashtra Deputy Chief Minister Ajit Pawar who also handles the finance portfolio tabled the Economic Survey 202324 in the Maharashtra assembly monsoon sessionAccording to the states latest Economic Survey Maharashtrarsquos economy the top contributor to the national nominal GDP is expected to expand by 76 per cent in 202324 similar to the countrys projected growth of 76 per centThe agriculture and allied activities sector which was hit by the scarcity situation in the state is expected to grow by 19 per cent and the Industry sector by 76 per cent while the services sector is likely to register an expansion of 88 per cent in the last fiscal it saidThe states economy is expected to grow by 76 per cent compared to 68 per cent in the previous year the states latest Economic Survey saidAs per the key document which was tabled in the Maharashtra assembly monsoon session the states gross state domestic product GSDP at current prices for 202324 has been projected at Rs 4044251 crore and real at Rs 2410898 croreThe total anticipated expenditure for annual schemes in the last financial year is Rs 231651 crore of which Rs 20188 crore is towards district annual schemes it saidThe revenue receipts are expected to be Rs 486116 crore for 202324 as against Rs 405678 crore in the previous fiscal As per the Survey Maharashtras revenue expenditure in the given period is Rs 505647 crore compared to Rs 407614 crore in the year beforeThe annual credit plan size for the states priority sector for 202324 is Rs 651 lakh crore in which the share of the agriculture and allied activities sector is 259 per cent and that of micro small medium enterprises and khadi and village industries sector is 556 per cent it saidThe state received 864 per cent of the normal rainfall during the monsoon in 2023 Across Maharashtra 19 talukas received excess rainfall 190 received normal rainfall and 146 received deficient rainfall the Economic Survey saidThe state ranks second in India in organic farm production 27 per cent after Madhya Pradesh Maharashtras irrigation potential created up to June 2022 by major medium and minor projects was 5560 lakh ha During 202223 the actual irrigated area stood at 4233 lakh ha the Economic Survey saidAccording to the Economic Survey report Maharashtra has remained topped in terms of FDI inflows in the country During 202223 exports from the state contributed to 16 per cent of the total exports from the country it saidAjit Pawar has already presented the Rs 600522 crore interim budget for 202425 in FebruaryOf the total budget with revenue receipts to the tune of Rs 498758 crore the revenue expenditure was projected at Rs 508492 crore while the revenue deficit was Rs 16112 crore and the fiscal deficit was Rs 99288 crore The governmentrsquos revenue deficit is expected to surge from the present level of 05 per cent of the gross state domestic product GSDP while fiscal deficit may touch 3 per cent or it may be above that limit of the GSDP from the present level of 28 per centKey highlights of the budget Maharashtra government has decided to establish Chief Minister Varkari Sampradaya Corporation Women aged 21 to 60 will be given Rs 1500 per month Government brought various schemes for women Chief Minister Majhi Ladki Bahin Yojana announced 10 thousand pink rickshaws will be given to women in the state Every family will be given three gas cylinders free per year 92 lakh farmers benefited from Namo Shetkari Yojana 163 irrigation projects will be completed in the next two years Rs 15000 crore long term loan has been approved by NABARD to complete the irrigation project Rs 3200 crore programme will be implemented to deliver water to drought areas