Maharashtra Budget highlights: FM Ajit Pawar allocates ₹64,000 crore for Mumbai's infrastructure projects

Ajit Pawar Speech LIVE: In his State Budget announcement, Finance Minister of Maharashtra Ajit Pawar announced that the State will spend ₹19,300 crore on an irrigation project which will be implemented in the Tapi River Valley, while the water from Konkan will be diverted to drought-prone regions of Marathwada. 

Maharashtra Budget LIVE: In his State Budget announcement, Finance Minister of Maharashtra Ajit Pawar announced that the State has prepared a seven-point action plan for the first 100 days of the ₹15.65 lakh crore investment in the coming years. This move also aims to generate 16 lakh jobs in the state through this initiative.

Ajit Pawar Speech LIVE: After Finance Minister of Maharashtra Ajit Pawar presented the State Budget for the financial year 2025-26, NCP in an official statement said that the State will not stop and the development will not be delayed anymore. 

“Maharashtra will stop no more... development won't be delayed anymore,” said NCP in the official statement cited in an ANI report. 

Maharashtra Budget LIVE: Shiv Sena (UBT) president Uddhav Thackeray on Monday, March 10, slammed the Mahayuti alliance alleging that the 2025-26 State Budget was “completely bogus” without any promises reflecting from the party side. 

“This is a completely bogus budget. They (Mahayuti parties) made all the promises, but none of them reflected in this budget,” said Thackeray, reported the news agency PTI. 

Ajit Pawar Speech LIVE: In his State Budget announcement, Finance Minister of Maharashtra Ajit Pawar highlighted that private investments into the State is increasing and driving the market demand and strong development for Maharashtra. 

The FM also said that Maharashtra continues to lead the country in terms of Foreign Direct Investment (FDI). 

Maharashtra Budget LIVE: In his State Budget announcement, Finance Minister of Maharashtra Ajit Pawar announced the launch of a Technical Textile Mission for the State. 

According to the Ministry of Textiles data, the mission aims to determine whether textile materials are manufactured for their technical performances and functional properties rather than their aesthetic and decorative features. 

Ajit Pawar Speech LIVE: In his State Budget announcement, Finance Minister of Maharashtra Ajit Pawar said that the State will launch a ‘Maitri’ portal to grant industrial licenses. 

Maharashtra Budget LIVE: In his State Budget announcement, Finance Minister of Maharashtra Ajit Pawar said that the State will focus on building logistics infrastructure covering 10,000 hectares of land, as Mumbai becomes a growth hub. 

“The state will prioritise the development of logistics infrastructure, covering over 10,000 hectares. Mumbai is set to be transformed into a major growth hub, with new trade centers planned to enhance commercial activities,” said Pawar. 

Ajit Pawar Speech LIVE: Finance Minister of Maharashtra Ajit Pawar, in his State Budget announcement, said that the State will contribute 26 per cent of the project cost to build the deep sea Vadhvan Port in Maharashtra. The post is expected to start its operation by the year 2030. 

Maharashtra Budget 2025 LIVE: Finance Minister of Maharashtra Ajit Pawar, in his State Budget announcement, said the passenger and port taxes will be exempted in order to boost passenger shipping and coastal tourism in the State. 

“The Maharashtra Marine Development Policy-2023 introduces several exemptions to boost port development, passenger shipping, and coastal tourism. The policy grants exemptions on property tax, non-agricultural tax, electricity duty, and stamp duty for port-related projects. Additionally, electricity for port operations will be charged at industrial rates,” said Pawar in his Budget announcement. 

“To encourage passenger shipping and coastal tourism, the policy provides exemptions from passenger and port taxes. Furthermore, the maximum duration of port agreements has been extended to 90 years, ensuring long-term investment stability in the sector,” said FM Ajit Pawar. 

Maharashtra Budget 2025 LIVE: Finance Minister of Maharashtra Ajit Pawar, in his State Budget announcement, said that Mumbai's metro railway system would connect the Navi Mumbai International Airport near Ulwe with the Chhatrapati Shivaji Maharaj International Airport in Santa Cruz.  

Maharashtra Budget 2025 LIVE: Finance Minister of Maharashtra Ajit Pawar, in his State Budget announcement allocated ₹64,000 crore for the infrastructure projects in Mumbai. 

Maharashtra Budget 2025 LIVE: Finance Minister of Maharashtra Ajit Pawar, in his State Budget announcement, said that night landing facilities will soon be available at the Shirdi airport. 

Maharashtra Budget 2025 LIVE: Finance Minister of Maharashtra Ajit Pawar, in his State Budget announcement, said that Mumbai's third airport will be built near the Vadhvan port. 

Maharashtra Budget 2025 LIVE: Finance Minister of Maharashtra, Ajit Pawar, in his State Budget announcement said that the Vadhvan port in Maharashtra's Palghar district will be operational by 2030. 

Maharashtra Budget 2025 LIVE: Finance Minister of Maharashtra, Ajit Pawar, in his State Budget announcement, disclosed the State's plan to promote AI in Agriculture and also announced a pilot project on 1 lakh acres involving 50,000 farmers. 

Maharashtra Budget 2025 LIVE: The Finance Minister of Maharashtra, Ajit Pawar, announced the creation of seven business centres across the region of Mumbai.

“MMRDA (Mumbai Metropolitan Region Development Authority) will be made the growth hub of Maharashtra and for that purpose, we have planned seven business centres at various places in the MM region,” said Pawar in his announcement. 

Maharashtra Budget 2025 LIVE: Finance Minister of Maharashtra Ajit Pawar, in his State Budget announcement, said that the State contributes 15.4% of India's GDP. 

“Maharashtra contributes to 15.4% in country's GDP,” said FM Ajit Pawar. 

Maharashtra Budget 2025 LIVE: Finance Minister of Maharashtra, Ajit Pawar in his State Budget announcement said that the State will develop a 1,500 km road network and upgrade 7,000 km of existing roads to cemented roads. 

“In the coming year, a 1,500 km road network will be developed, while 7,000 km of existing roads will be upgraded to cement roads. Additionally, 99% of the Samruddhi Highway project has been completed,” said FM Ajit Pawar in his announcement. 

Maharashtra Budget 2025 LIVE: Finance Minister of Maharashtra, Ajit Pawar in his State Budget announcement said that the State aims to generate 50 lakh new job opportunities in the next five years. 

“The state aims to generate 50 lakh new employment opportunities over the next five years,” said FM Ajit Pawar in his budget announcement. 

Maharashtra Budget 2025 LIVE: Finance Minister of Maharashtra, Ajit Pawar in his State Budget announcement said that the State aims to provide employment to 16 lakh people through the ₹15.72 lakh crore MoUs signed with 56 companies at the World Economic Forum in Davos 2025. 

“In Davos, Maharashtra signed MoUs with 56 companies worth ₹15.72 lakh crore, which will provide employment to 16 lakh people,” said Pawar in his announcement. 

Maharashtra Budget 2025 LIVE: The Finance Minister of Maharashtra, Ajit Pawar, announced that the State of Maharashtra has signed Memorandum of understandings (MoUs) worth ₹15.72 lakh crore at the World Economic Forum (WEF) at Davos. 

“I am presenting the budget for the financial year 2025/26. Maharashtra will be number one in fulfilling the Prime Minister's dream of developed India by 2047. Maharashtra is number one in foreign direct investment. In Davos, Maharashtra signed MoUs with 56 companies worth ₹15.72 lakh crore, which will provide employment to 16 lakh people,” said Ajit Pawar.

Maharashtra Budget 2025 LIVE: The Finance Minister of Maharashtra presented his 11th State Budget announcement on Monday, March 10. At the beginning of the Budget speech, Ajit Pawar recited this short verse before presenting the announcement: 

“Ladki Bahini” blessed us, we feel grateful, Beloved by millions, we stand faithful, We worked for progress, we did it all, That’s why we’re back, back once more!” recited Pawar. 

Maharashtra Budget 2025 LIVE: Finance Minister of Maharashtra Ajit Pawar begins the Maharashtra Budget by paying tribute to Chhatrapati Shivaji Maharaj and Jijau on Monday, March 10. 

“Due to the provisions in the Union Budget, several projects in the state will receive substantial funding. On behalf of the people, I thank Prime Minister Modi,” said Ajit Pawar in the first budget announcement of the Mahayuti government after re-election in the Assembly elections. 

Maharashtra Budget 2025 LIVE: The Maharashtra Legislative Assembly has adjourned for lunch. The session, and DyCM and FM Ajit Pawar's Budget FY25-26 announcement is expected at 2 pm today.

Maharashtra Budget 2025 LIVE: Maharashtra’s economy is expected to grow at 7.3 per cent as per the advance estimates of 2024-25. The projected growth is more than that of the country's economy which is expected to expand by 6.5 per cent in the current fiscal, as per the survey report.

Maharashtra Budget 2025 LIVE: DyCM and state FM Ajit Pawar's Maharashtra budget today, will be his 11th in the assembly. This is the second most among state FMs.

The record for most Budget speeches is held by Sheshrao Wankhede (13 times), with Ajit Pawar coming in second. He is followed by Jayant Patil (10 times) and Sushilkumar Shinde (9 times), according to a Lokmat report. 

Maharashtra Budget 2025 LIVE: Shiv Sena UBT's Sanjay Raut speaking in the Maharashtra Legislative Assembly during the Budget session today, blamed the “war” between CM Devendra Fadnavis and DyCM Eknath Shinde for “crushing” the state, CNCB-TV18 reported.

“The state is being crushed under the burden of debt. The state is inflicted by financial indiscipline. There is financial anarchy,” Raut said.

Maharashtra Budget 2025 LIVE: CM Devendra Fadnavis says states recieved ₹1,39,434 crore of FDI in the first nine months of FY25 — a record high annual inflow in the past 10 years, CNBC-TV18 reported.

He cited the Centre’s DPIIT foreign investment report for December 2024 to state that Maharashtra has recorded its highest annual FDI in the last 10 years in just 9 months of FY 2024-2025, it added.

Maharashtra Budget 2025 LIVE: State ranks in top 10 for milk, eggs production

• According to the Economic Survey, Maharashtra ranks fifth in the country in milk production, accounting for 6.7 per cent of the national output. 
• In terms of egg production, it occupies the seventh place with a 5.5 per cent share.

Maharashtra Budget 2025 LIVE: The Economic Survey showed that under the integrated Mahatma Jyotiba Phule Jan Arogya Yojana and Ayushman Bharat scheme, about 8.45 lakh surgeries and therapies were carried out with a total expenditure of ₹1,143.26 crore up to December of fiscal 2024-25.

Maharashtra Budget 2025 LIVE: The pre-Budget Economic Survey tabled in the Maharashtra legislative assembly on March 7 shows that as of December 2024, as much as ₹17,505.90 crore has been transferred into the bank accounts of 2.38 crore women beneficiaries of the Ladki Bahin Yojana.

Maharashtra Budget 2025 LIVE: According to the Economic Survery released on March 7, advance estimates for FY25 found that Maharashtra’s economy is expected to grow at 7.3 per cent. 

The projected growth is more than that of India's economy which is expected to expand by 6.5 per cent in the current fiscal, as per the survey report.

Maharastra Budget 2025 LIVE: People have high expectations from the Maharashtra state Budget to be announced by DyCM and state FM Ajit Pawar during the Budget Session of the assembly today, according to an ANI report.

In last year's pre-election budget, the Mahayuti government announced some popular decisions that reportedly played a major role in bringing the Mahayuti government back to power in Maharashtra.

Maharashtra Budget 2025 LIVE: The budget session of the Maharashtra Legislature commenced on March 3, with the Governor addressing the joint session of both houses at Vidhan Bhavan. The budget session of the Maharashtra Legislature is scheduled to conclude on March 26. 

Maharashtra Budget 2025 LIVE: Expectations are high ahead of the Maharashtra state Budget today. As the session began, Chief Minister Devendra Fadnavis addressed the Assembly.

Maharashtra Budget 2025 LIVE: As Maharashtra gears up for local body elections, Deputy Chief Minister Ajit Pawar presents the 2025-26 budget, promising to address the people's needs. With a focus on economic growth and potential increases in financial aid, expectations are high for this pivotal budget.

Maharashtra Budget 2025 LIVE: Speaking in the State Assembly, Maharashtra Minister for Women and Child Development Aditi Ttkare had earlier indicated that the proposed increase in financial aid under the Ladki Bahin Scheme— from ₹1,500 to ₹2,100 — will not be implemented immediately.

“The Mahayuti government launched the Ladki Bahin Yojana on July 6 last year, providing ₹1,500 per month to eligible women. While the coalition promised in its election manifesto to raise this amount to ₹2,100, the chief minister never specified that it would take effect in the upcoming budget," Ttkare was quoted by Indian Express as saying.

Maharashtra Budget 2025 LIVE: Maharashtra state Finance Minister Ajit Pawar will present the state budget today, March 10.

While this will be the first budget for the newly-formed Mahayuti government, it is Ajit Pawar's 11th Budget as Finance Minister, according to a media statement from the NCP-Ajit Pawar faction. He also shares the role of Deputy CM with Eknath Shinde. 

Maharashtra Budget 2025 LIVE: "The budget is for the people, this government is for the people. We worked for the people in these two and a half years...We worked for the progress of the people, for the change in their lives. Similar work will be done in the next five years," Deputy Chief Minister Eknath Shinde told reporters ahead of the state Budget announcement today.

Maharashtra Budget 2025 LIVE: Maharashtra Deputy Chief Minister Eknath Shinde stated that the state budget presented is focused on benefiting the people, emphasising that the ruling Mahayuti government is dedicated to serving the public.

He also assured that the Maharashtra government will continue its efforts to support the people of the state over the next five years.

Maharashtra Budget 2025 LIVE: The Budget comes in the run-up to the polls for local bodies, including those of big corporations like Mumbai, Thane, Pune, Pimpri-Chinchwad, Nashik, Aurangabad, Nagpur, and Amravati, which are expected to be held soon.

Maharashtra Budget 2025 LIVE: According to data in the state government's Economic Survey tabled in the Maharashtra legislative assembly on March 7, under the Ladki Bahin Scheme, as much as ₹17,505.90 crore has been transferred into the bank accounts of 2.38 crore women beneficiaries till December 2024.

Maharashtra Budget 2025 Live: Maharashtra’s economy is expected to grow at 7.3 per cent as per the advance estimates of 2024-25. The projected growth is more than that of the country's economy which is expected to expand by 6.5 per cent in the current fiscal, as per the survey report.

Maharashtra Budget 2025 Live: This is the first budget of the newly-formed Mahayuti government in the state that came to power late last year. This will also be Ajit Pawar’s 11th Budget as Finance Minister of Maharashtra.

The state government’s pre-Budget Economic Survey was tabled in the assembly on Friday (March 7). The budget session of Maharashtra started on March 3.

Maharashtra Budget 2025 Live: Deputy Chief Minister and Finance Minister Ajit Pawar will table the Maharashtra Budget for FY 2025-26 in the state assembly today.