Punyashlok Ahilyadevi Farm Loan Waiver Scheme and ₹7.69 Lakh Crore Maharashtra Budget

Key facts

• Maharashtra Chief Minister (CM) Devendra Fadnavis presented a ₹7.69 lakh crore state budget with a primary focus on farm relief and infrastructure.
• The Punyashlok Ahilyadevi Farm Loan Waiver Scheme was announced to provide a loan waiver of up to ₹2 lakh for farmers with pending loans as of 30 September 2025.
• Farmers who have consistently repaid their loans will receive an incentive benefit of up to ₹50,000.
• Under Phase III of the Mukhyamantri Gram Sadak Yojana (MGSY), the state will build 23,000 roads and bridges, including concrete roads in villages with populations exceeding 1,000.
• The Mumbai Metro Line-11 project will be extended to connect the Dharavi Redevelopment Project with Bandra Suburban Station and Bandra Terminus.
• A new Chief Minister Entrepreneurship Mega Fund will be established to provide direct financial assistance and government work orders worth up to ₹25 lakh to 50 selected startups without tendering.
• Administrative approval has been granted for the Wainganga-Nalganga and the Damanganga-Vaitarna-Godavari river link projects.
• A world-class startup and innovation hub will be developed on 130 acres of land at Wadala, and a New Nagpur project will be set up as a business and financial hub.
• Skill Development and Entrepreneurship Development Centres will be established to provide vocational training specifically for differently-abled persons.
• Maharashtra's debt stock is projected to be ₹9,73,989 crore for 2025-26 and is expected to reach ₹11,02,654 crore for 2026-27.
• The annual interest payment and debt service for the state is estimated at ₹62,030.74 crore for 2025-26.