Highlights of the Maharashtra State Interim Budget 2014

Highlights of the Maharashtra State Interim Budget 2014

Tuesday, 25 February 2014

The deputy chief minister (Finance), Ajit Pawar presented the Maharashtra State Interim budget speech, today, on 25ThFebruary 2014. There is neither new tax proposal nor revision in existing tax laws. However, commodities of daily use such as food grains, pulses, turmeric, chillies, etc. period of tax exemption is increase up to 31St March 2015. Similarly, tax exemptions of wheat, rice, their floor, jaggery, turmeric, tamarind, coriander, seeds, fenugreek, chillies, parsley, coconut, papad, wet dates, currants and raisins, solopuri chaddars, towels and tea will continue until 31st March 2015.

 Economic and social Review of the State:

•          Per capita annual income grown to Rs. 1,05,493
•         Energy production has grown to 89,465 million KW/Hour.
•         Literacy rate climbed to 82.9 percent.
•         Birth rate has declined from 21 to 16.7, the death rate from 7.5 to 6.3 and infant mortality rate has declined from 48 to 25.
•         Food, employment, housing and health issues focused with schemes for the farmers, landless labourers, minorities and other socio-economically distressed citizens.

 Food Security:

•         National Food Security Scheme is being implemented from 1st February 2014. Out of total 8.77 crore beneficiaries nearly 1.77 crore beneficiaries will be covered by the State Government.
•          For implementation of public distribution system provision of Rs. 2,253 crore on account of capital expenditure and to cover deficit provision of Rs. 761 crore.

 

Employment Guarantee Scheme: 

•         Increase in Jawahar Well subsidy amount from Rs.1 lakh to Rs. 2.5 lakh.
•         Employment Guarantee Scheme extended to ‘C’ category Municipal Councils.

 

Housing for Poor: 

•          Unit cost enhanced under Indira Awaas Yojana, target of 1,82,663 houses in the year 2014-15.
•          An outlay of Rs. 675 crore for basic services to urban poor, integrated housing and slum development programme.
•          An outlay of Rs. 333 crore for Ramai Awaas Yojana.

 

Health: 

•          Rajiv Gandhi Jeevandayee Arogya Yojana extended to entire State with a provision of Rs. 698 crore.
•          Emergency medical services will be provided with fully equipped ambulances and doctors.

 

Agriculture: 

•          Subsidy to farmers for plastic lining of farms Ponds.
•          An outlay of Rs. 8,215 crore for Irrigation Projects.

 

Women Development: 

•          One time retirement benefit to Anganwadi Workers and  Helpers.
•          Substantial increase in honorarium of Anganwadi Workers and Helpers.
•          An outlay of Rs. 187 crore for implementation of SukanyaYojana.
•          Manodhairya Yojana for rehabilitating women and child victims of sexual assault and acid attack. Establishment of new counselling centers also.
•          Swayamsiddha Training Programme for self-defence of women.

 

Minority Development: 

•          An outlay of Rs. 131 crore for madarsa modernization, pre-matric scholarship and development of minority concentrated rural area.

 

Technical and Professional Education: 

•          Establishment of Technical University for technical and professional courses.
•          Every year approximately 5 lakh Students getting scholarship to pursue professional courses.

 

Industrial Development:

 

•          State leads Industrial Development.
•          Approval to 25 new mega projects with an investment of Rs. 9,725 crore.
•          Provision of Rs. 2,500 crore for implementation of Industrial Incentive Scheme.

 

Concession in Electricity Rates:

 

•          An out lay of Rs. 9,000 crore for electricity subsidy.

 

Road Development:

 

•          An outlay of Rs. 2,836 crore for roads development.
•          An outlay of Rs.395 crore for Backward region Development Fund.

 

MIHAN:

•          An outlay of Rs. 250 crore for land acquisition and rehabilitation under MIHAN project.
•          An outlay of Rs. 165 crore for Airport Development.
•          Nagpur Metro Railway Project proposal submitted to Central Government.
•          An outlay of Rs. 1,600 crore for Jawaharlal Nehru National Urban Renewal Mission.
•          An outlay of Rs. 450 crore for Suvarna Jayanti Nagorathan Abhiyan.

 

Police:       

•          Creation of 61,494 posts of Police Personnel in 5 phases, 1st phase having estimated expenditure of Rs. 566 crore.
•          Enhancement in honorarium of Home Guards and Civil Defence Personnel.

 

Other: 

•          Hike in pension of pensioners above 80 years of age
•          Development plan of Rs. 2,378 crore approved for Sinhastha Kumbh Mela.
•          Tax relief in essential commodities
•          District annual plan of Rs. 5,902 crore
•          State annual plan of Rs. 51,222 crore
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Regards,
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CA.C.V.PAWAR