Maharashtra Interim Budget 2014-15

The Maharashtra government has proposed an outlay of Rs.8,215 crore for irrigation projects and Rs.2,837 crore for road development in the Interim Budget for 2014-15 presented by Deputy Chief Minister and Finance Minister Ajit Pawar last week.

Ajit Pawar_ProjectsMonitorAnnouncing a slew of projects in an election year, Pawar said that Maharashtra led in the number of industrial investment proposals submitted to the central government and had also attracted the maximum foreign investment. In 2013-14, the state approved 25 new mega projects with an investment of Rs.9,725 crore while making a provision of Rs.2,500 crore for implementing the industrial incentives scheme.

Following are the key highlights of the interim budget:

  • Outlay of Rs.2,837 crore for road development of which Rs.120 crore is proposed for MSRDC.
  • An amount of Rs.9,000 crore earmarked as electricity subsidy.
  • The state government plans to complete about 60 irrigation projects in 2014-15 at a proposed outlay of Rs.8,215 crore.
  • Rs.675 crore for basic services to urban poor, integrated housing and slum development.
  • Airport development and maintenance gets Rs.165 crore. Work on airport projects in Karad, Amravati, Jalgaon, Akola and Solapur among others are in progress. Work on Shirdi Airport is in final stages.

Specific projects

  • Proposal for Nagpur Metro railway project submitted to the Centre.
  • A sum of Rs.1,600 crore has been set aside for the Jawaharlal Nehru National Urban Renewal Mission. The central government has approved 114 projects worth Rs.14,429 crore under JNNURM and Maharashtra leads in terms of project approvals and funds received under this scheme.
  • Outlay of Rs.250 crore for land acquisition and rehabilitation under MIHAN project in Nagpur.
  • The state government plans to provide funds for developing a floating jetty for tourists to access Padmadurg Fort and to develop tourism infrastructure at the ancient Buddhist caves at Tala, both in Raigad district.

Besides, the state level committee has approved 45 new projects worth Rs.3,500 crore for providing basic infrastructure facilities to small and medium towns. The central government has already approved 17 of these projects that mainly pertain to water supply and sanitation. An outlay of Rs.100 crore has been proposed for 2014-15.

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