Maharashtra's Vision: CM Fadnavis Unveils Budget for 'Viksit Maharashtra 2047'

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Maharashtra's Vision: CM Fadnavis Unveils Budget for 'Viksit Maharashtra 2047'

Synopsis

Maharashtra's Chief Minister Devendra Fadnavis reveals a transformative budget aimed at a robust economy and enhanced welfare programs, paving the way for 'Viksit Maharashtra 2047'. Discover how this ambitious initiative will empower women and farmers while advancing infrastructure.

Key Takeaways

Maharashtra's economy exceeds Rs 51 lakh crore.
Budget aims for 'Viksit Maharashtra 2047'.
Loan waiver of up to Rs 2 lakh for farmers announced.
Increased financial support for women's empowerment.
Focus on infrastructure and connectivity improvements.

Mumbai, March 6 (NationPress) Maharashtra's Chief Minister, Devendra Fadnavis, announced that the state's economy has reached an impressive Rs 51 lakh crore, surpassing the economic size of several nations. He highlighted the 2026–27 Budget as the inaugural blueprint for realizing the vision of “Viksit Maharashtra 2047”.

During a press briefing following the Budget presentation in the state Assembly, Fadnavis reiterated the government's dedication to its key welfare initiatives, especially the ‘Ladki Bahin’ program.

Underlining the continuation of this initiative, he stated that the government is committed to enhancing financial support to Rs 2,100 when the time is right.

“We will honor our pledge of Rs 2,100; we just need to wait for the right moment. The focus is not only on financial assistance but also on empowering women towards self-reliance,” he emphasized.

As part of fulfilling a campaign promise, the government announced a loan waiver of up to Rs 2 lakh for farmers.

To incorporate artificial intelligence in agriculture, digital initiatives like ‘AgriStack’ and ‘Mahavistar’ have been established.

A budget allocation of Rs 24,231 crore has been set aside for the Women and Child Development Department.

“Our objective is to transform an additional 25 lakh women into ‘Lakhpati Didis’. Through the Mukhyamantri Solar Krishi Vahini Yojana, we plan on delivering daytime electricity to farmers, aiming for a capacity of 13,000–14,000 MW utilizing AI and digital technology,” the Chief Minister stated.

Deputy Chief Minister Eknath Shinde praised the decision to offer a loan waiver of up to Rs 2 lakh to qualifying farmers under the Ahilyadevi Holkar Shetkari Karj-Mukt Yojana as a “masterstroke”.

He mentioned that the Budget prioritizes enhancing connectivity between rural and urban regions, aspiring to position Maharashtra as a significant tourism destination.

Initiatives concerning roads, Metro expansions, waterways, airport connectivity, and the recruitment of 75,000 government positions will promote the state's overall growth, he added.

Deputy Chief Minister Ajit Pawar characterized the Budget as visionary and inclusive, asserting that it steers the state towards the ambition of a “Viksit Maharashtra”.

State BJP leader Ravindra Chavan criticized the Opposition, claiming they have no grounds for objection since the Budget caters to all sectors and communities.

He expressed confidence that the Mahayuti administration in Maharashtra, under the guidance of Prime Minister Narendra Modi and Chief Minister Devendra Fadnavis, is progressing toward becoming a developed state.

Labeling the Budget as progressive, sustainable, inclusive, and geared towards effective governance, Mumbai BJP President Ameet Satam noted that it aims to elevate Maharashtra to a $1 trillion economy by 2029 and $5 trillion by 2047.

He emphasized that the Budget is a stride towards realizing the vision of “Viksit Maharashtra 2047”, founded on four crucial pillars — progressive, sustainable, inclusive, and good governance.

Within these pillars, 16 sub-sectors have been recognized to foster balanced regional development throughout the state.

Point of View

Setting a notable precedent for future governance.
NationPress
8 May 2026

Frequently Asked Questions

What is the main goal of the Maharashtra Budget 2026-27?
The primary goal is to lay down a roadmap for achieving 'Viksit Maharashtra 2047', focusing on economic growth and welfare initiatives.
How much financial assistance is the government promising under the 'Ladki Bahin' scheme?
The government has committed to increasing financial assistance to Rs 2,100 at an appropriate time.
What initiatives are being introduced for farmers?
The government announced a loan waiver of up to Rs 2 lakh for farmers and launched digital platforms to integrate AI in agriculture.
What is the budget allocation for the Women and Child Development Department?
A provision of Rs 24,231 crore has been allocated for the Women and Child Development Department.
What are the key pillars of the budget?
The budget is based on four key pillars: progressive, sustainable, inclusive, and good governance.
Nation Press
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