Centre Releases ₹6,418 Crore to Maharashtra as Additional Tax Devolution to Boost Development and Welfare Initiatives
Centre releases Rs. 6,418 crore to Maharashtra as additional tax devolution to boost development, infrastructure, and welfare spending
The Central Government has released an additional amount of Rs. 6,418 crore to Maharashtra as part of a nationwide distribution of tax revenues to states. The Finance Ministry announced that a total of Rs. 1,01,603 crore has been released to all states in the country as an extra instalment of tax devolution.
This fund is meant to help states boost development, speed up infrastructure projects, and ensure smooth implementation of welfare schemes.
This additional release comes ahead of the regular monthly devolution of Rs. 81,735 crore that is scheduled for October 10, 2025. The advance payment is aimed at giving states more financial flexibility to meet their spending commitments, particularly at a time when capital investment and welfare spending are critical for growth.
The Finance Ministry explained that this move will help states improve liquidity and create fiscal space for timely execution of important projects.
For Maharashtra, the funds are expected to play a key role in supporting a range of developmental and welfare programmes. The state has several ongoing infrastructure projects and social sector schemes that require steady funding.
The additional allocation is seen as a timely boost to maintain the momentum of these initiatives and to ensure that welfare benefits reach citizens without delays.
Deputy Chief Minister Ajit Pawar, who also holds the Finance and Planning portfolio, confirmed the receipt of the funds and welcomed the decision. He expressed gratitude to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for the financial support extended to the state.
“With the upcoming festival season, and to enable the state to ramp up capital expenditure and provide adequate funding for our welfare and development schemes, this amount will undoubtedly prove beneficial for Maharashtra,” Pawar said.
The central government regularly devolves tax revenues to states as part of the recommendations of the Finance Commission.
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
