Maharashtra Budget 2018-19 | Highlights: ₹7,502 cr approved for Bandra-Versova sea link | mumbai news | Hindustan Times
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Maharashtra Budget 2018-19 | Highlights: ₹7,502 cr approved for Bandra-Versova sea link

The BJP-led state government’s fourth budget, presented in state legislature on Friday, was populist

mumbai Updated: Mar 09, 2018 16:05 IST
HT Correspondents
(LtoR) State finance minister Sudhir Mungantiwar and minister for state for finance Deepak Kesarkar arrive at Vidhan Bhavan, Mumbai, on Friday afternoon to present the state budget.
(LtoR) State finance minister Sudhir Mungantiwar and minister for state for finance Deepak Kesarkar arrive at Vidhan Bhavan, Mumbai, on Friday afternoon to present the state budget. (Anshuman Poyrekar/HT Photo)

The Bharatiya Janata Party-led state government presented its fourth budget in the legislature on Friday afternoon.

Burdened as it was with the farm loan waiver and commitment towards implementing the Seventh Pay Commission for state employees, state finance minister Sudhir Mungantiwar’s budget remained loaded with populist measures, though with limited allocations. The focus: farmers and youth, the two disgruntled segments in the state.

He also provided for big-ticket projects such as the Bandra-Versova sea link and Chief Minister’s pet project, the Mumbai-Nagpur Expressway.

Here are the highlights of the budget:

3.43pm: 5.32 lakh new taxpayers registered in Maharashtra under GST.

3.40pm: Revenue deficit of Rs15,375 crore estimated for fiscal 2018-19.

3.39pm: 13,000 gram panchayats to be connected digitally under the Centre’s BharatNet project.

3.38pm: Rs120 crore budgeted for forest tourism.

3.35pm: A toll-free helpline, Mahasamadhan, will be set up for farmers to avail information on seeds, fertilisers, policies.

3.34pm: Grant doubled to Rs50 lakh for Akhil Bharatiya Marathi Sahitya Sammelan and Natya Sammelan.

3.31pm: For the welfare of the state’s 20 lakh auto-rickshaw drivers, the government will establish the Maharashtra State Autorickshaw Welfare Corporation; provision of Rs5 crore made.

3.29pm: Rs79 crore development plan for Ganpatipule temple in Ratnagiri.

3.27pm: Rs 922 crore for subsidy to provide wheat and rice at Rs2 per kg and Rs3 per kg, respectively, to farmers in the 14 suicide-hit districts.

3.26pm: Provision of Rs2,215.85 crore for Pradhan Mantri Awas Yojana, which will be implemented with some changes. There will be rebates on interest rates. Rs175 crore set aside for construction of 1.59 lakh houses in urban areas.

3.25pm: India’s first battery-operated submarine will be used for underwater tourism at Vengurla, Sindhudurg.

3.24pm: 10 lakh bogus ration cards cancelled.

3.22pm: Provision of Rs964 crore for implementation of centrally sponsored National Health Mission.

3.20pm: Rs350 crore allocated for welfare of minority communities.

3.18pm: Mobile stalls to be given to physically challenged people for free so they can earn their livelihood.

3.17pm: Rs8,900 crore allocated for tribal development schemes.

3.16pm: Rs20 crore allocated for upgradation of Gorewada zoo in Nagpur.

3.11pm: Government aims to plant 50 crore trees over the next two years, says Mungantiwar.

3.08pm: Rs25 crore earmarked for Crime and Criminal Tracking Network and Systems (CCTNS), for better tracking of crimes and criminals.

3.06pm: To encourage entrepreneurship, financial assistance to Annasaheb Patil Arthik Vikas Mahamandal increased from Rs50 crore to Rs400 crore. Beneficiaries will be mostly from the Maratha community.

3.05pm: National Snake Venom Research Institute to be set up at Haffkine Institute, Mumbai.

3.03pm: Rs7,502 crore approved for Bandra-Versova sea link.

3.02pm: 6.33 lakh public toilet blocks will be constructed in urban areas and 21.03 lakh blocks in rural areas, under the Swachh Maharashtra initiative.

2.59pm: Marine police to get two new patrol vessels.

2.58pm: A new system will be established to manage complaints made at police stations.

2.56pm: State agency MMRDA aims to complete construction of 266-km of Metro routes in three to four years, says finance minister.

2.55pm: Rs13,385 crore budget allocated for home department. Of this, Rs165 crore set aside for state-wide CCTV surveillance network. All police stations to have CCTVs.

2.52pm: The annual family income cap for eligibility of educational freeships raised from Rs6 lakh to Rs8 lakh; Rs605 crore provision made.

2.50pm: Rs100 crore provision made for upgradation of Nagpur airport.

2.49pm: Rs10,828 crore allocated for construction and repairs of roads; Rs 2,255 crore budgeted for state roads under the public works department.

2.44pm: An Integrated University Management System will be put in place for better management of universities.

2.47pm: A passenger water transport project between Ferry Wharf (Bhaucha Dhakka) and Mandwa to start by April 2018, says Kesarkar.

2.43pm: Work on the 701km Mumbai -Nagpur Expressway will start in April 2018, says Kesarkar. Around 64% of the land has already been acquired for the Expressway corridor. Construction will be completed in three years.

2.38pm: The recently announced Mumbai Urban Transport Project-3 (MUTP-3) will be funded with the help of MMRDA and Cidco.

2.37pm: An Agricultural Produce Mortgage Scheme will be implemented across the state. For this, a scheme for constructing warehouses will be launched.

2.35pm: Rs50 crore allotted for competitive training centres,which will be set up in all districts so as to train students for competitive exams. Six new skill universities to be set up in state.

2.31pm: State to provide 80% grant to those seeking international patents, up to Rs10 lakh, and national patents up to Rs2 lakh, as part of its start-up policy.

2.30pm: Policy to promote start-ups announced. It envisages Rs5,000 cr seed money investment that will be budgeted over next five years until 2022. Expected to help 10,000 start-ups.

2.27pm: Rs40 crore set aside for upgrading ST bus stands across the state.

2.25pm: Rs750 crore budgeted for agriculture pumps.

2.24pm: Skill development training to be imparted to 10.31 lakh youngsters over five years.

2.23pm: State transport buses to be used for transportation of agricultural produce.

2.21pm: Up to March 6, 35.68 lakh farmers have been given loan waiver, says MoS finance Deepak Kesarkar. Rs13,782 crore handed out as waiver.

2.20pm: Rs 3,015 crore to be spent on completing 26 major irrigation projects, under the Pradhan Mantri Sinchai Yojana.

2.19pm: Rs 100 crore set aside to promote organic farming.

2.17pm: Special policy to increase women entrepreneurs in state from 9% to 20%.

2.15pm: Rs 1500 crore allocated for Jalyukt Shivar scheme to make state villages drought free.

2.13pm: Rs 150 crore allocated for Dr Babasaheb Ambedkar memorial at Indu Mills, Dadar.

2.12pm: Rs 8,233 crore allotted for irrigation projects.

2.04pm: Rs 300 crore allocated for Shivaji statue off Arabian sea. “We plan to build it in 36 months,” Mungantiwar said.

2.03pm: Both ministers present the budget in the two Houses simultaneously.

2.02pm: Finance minister Sudhir Mungantiwar begins presentation in legislative assembly.

2pm: Minister of state for finance Deepak Kesarkar starts budget speech in the legislative council.