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Maharashtra Deputy CM presents State Budget 2023: Key Highlights

Maharashtra Deputy CM - CM - Deputy CM - State Budget 2023 - Key Highlights - Budget 2023 - Taxscan
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Maharashtra Deputy CM – CM – Deputy CM – State Budget 2023 – Key Highlights – Budget 2023 – Taxscan

Devendra Fadnavis, the deputy chief minister of Maharashtra, gave the legislative assembly the State Budget on 9th March 2023, Thursday. The Shinde-led government's first budget has five priorities: farmers, women, youth, employment, and the environment.

The Key highlights are:

  1. Introduces Amnesty Scheme - ‘Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023’
  2. Annual cash benefits of ₹6000 Crores for farmers which modelled after the PM KISAN Yojana
  3. 50% off state transportation for women in use throughout the state.
  4. Girl from Below Poverty Line (BPL) will receive ₹75,000 when she attains 18 years of age.
  5. Led-Ledki Scheme for education - grants allowed to yellow and orange ration card holders.
  6. Increases mediclaim cover given to BPL families under Mahatma Phule Jivandayee Yojna from ₹1.5 lakh to ₹5 lakh. Free treatment of Mahatma Phule Jan Arogya Yojana has also increased from ₹1.5 lakh to ₹5 lakh.
  7. Conducts e-panchnama with the help of drones and satellites to assess the damage due to natural calamities like unseasonal rains.
  8. Use 1,000-acre plot in Nagpur to develop a logistics hub.
  9. 1% discount on stamp duty for women
  10. Profession Tax Act: Proposes to amend the definition of “Person with Disability” provide exemption to more.
  11. Profession Tax exemption to woman of salary ₹25,000
  12. Reduction in VAT rate on ATF from 25% to 18% Mumbai, Pune Raigad Districts

To Read the full text of the Order CLICK HERE

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