Despite economic slowdown, the Maha Vikas Aghadi government has presented a growth oriented budget by laying adequate infrastructure development, investments and industrial development, employment generation, reduction in agrarian crisis, empowerment of women, minorities and tribal. It is pro development, pro farmers, pro youths and women.
With the rising threat of global warming and climate change, Deputy Chief Minister Ajit Pawar, who is also the Finance Minister, has proposed special allocation to tackle it effectively so that the future generation will benefit.The government has proposed an ambitious Rs 10,000 crore solar agriculture pump scheme.
The state government has expressed its resolve to convert the present crisis into opportunity for boosting Maharashtra’s growth and retain its pre eminence as investment destination. This is despite reduction of Rs 8,453 crore in the share of central taxes.
Upliftment of farmers from the present agrarian crisis has been given due priority in the budget. The government has successfully launched the Mahatma Jyotirao Phule crop loan waiver scheme for crop loan up to Rs 2 lakh with a cut off date of September 2019. So far Rs 9,035 crore have been transferred into the loan accounts of 13,88,000 farmers. Thew government has completed the authentication of 15,45,000 loan accounts so far.
The government has extended the loan waiver for farmers who have outstanding amount of principle and interest of crop loan taken during the period April 1, 2015 to March31, 2019 up to Rs 2 lakh. The government will pay them Rs 2 lakh after the outstanding amount of above Rs 2 lakh is deposited in the bank.
Further, in respect of crop loan taken into 3 years from 2017-18 to 2019-20, Rs 50,000 will be given as an incentive to those farmers who have taken crop loan during the year 2018-19 and made regular repayment up to June 30, 2020. However, if the amount of crop loan and completely fully repaid crop loan is less than Rs 50,000, incentive benefitr will be given equivalent to the amount of loan.
Finance Minister had proposed an outlay of Rs 10,235 crore for irrigation sector. There are 313 incomplete projects and the government plans to complete them in a time bound manner.
In a situation when there has been drastic reduction in jobs and lack of adequate opportunities, the government will launch Maharashtra Apprenticeship Scheme to encourage the establishments for hiring of apprentices. Nearly 10 lakh young educated unemployed youth will be trained. The government will pay attention on creation of employment and self employment opportunities for youth in new industries and services sectors such as e commerce, call centres, tourism, hospitality, fintech, telecom and textile.
In order to get job opportunities for local candidates in new industries, the government proposes to bring in legislation to reserve 80% jobs. Besides, by launching the Chief Minister’s Employment Generation Programme, the government hopes establishment of 1 lakh industries through self employment in next five years and generation of 1.5 lakh to 2 lakh jobs every year.
So the budget has ones again proved that Maha Vikas Aghadi government comprising Shiv Sena, Nationalist Congress Party and Congress is not only on firm footing but also charting its path for the prosperity of all sections in Maharashtra.