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News18
30-06-2025
- Business
- News18
Ajit Pawar Proposes Extra Funds For Infrastructure, Backward Communities; NCP-SP Questions Move
Apart from large-scale projects, part of this allocation will be used for the upcoming Nasik Kumbh Mela's planning and execution. In a major move to strengthen Maharashtra's development goals, Deputy Chief Minister and Finance Minister Ajit Pawar presented supplementary demands worth over Rs 57,509 crore during the ongoing monsoon session of the state legislature. This additional funding will mainly go towards building and expanding essential infrastructure such as roads, metro rail projects, and irrigation schemes. Apart from large-scale projects, part of this allocation will be used for the upcoming Nasik Kumbh Mela's planning and execution, ensuring that the state is prepared to manage the massive gathering smoothly. The supplementary demands also focus on supporting vulnerable and backward communities. Funds have been earmarked for important social welfare schemes like the Mahatma Jyotirao Phule Health Scheme and the Sanjay Gandhi Niradhar Anudan Yojana. Scholarships for students from backward sections of society are also covered under these new demands. Out of the total amount, over Rs 19,000 crore will go towards essential expenses, while more than Rs 34,000 crore is set aside for various planned programs. A portion of the funding, about Rs 3,664 crore, will come under centrally sponsored schemes, reducing the direct burden on the state exchequer. Among the specific allocations, the largest share – over Rs 11,000 crore – will be spent on grants recommended by the 15th Finance Commission. Another significant portion, around Rs 3,200 crore, is planned for metro projects and reimbursements to municipal bodies like municipal corporations and councils. Additionally, nearly Rs 2,200 crore is being arranged as margin money loans for cooperative sugar factories through the National Cooperative Development Corporation, supporting the state's crucial sugar industry. Though the gross demand stands at over Rs 57,000 crore, the net burden on the state's finances is estimated to be around Rs 40,645 crore, making this push both ambitious and calculated to balance development with fiscal responsibility. Social welfare remains a strong focus in these supplementary demands. Funds will strengthen the Mahatma Jyotirao Phule Health Scheme and the Sanjay Gandhi Niradhar Anudan Yojana, which provide health security and financial assistance to vulnerable and underprivileged families. Scholarships for students from backward communities are also included, ensuring that deserving students can pursue education without financial hurdles. However, the Opposition has questioned the move. Former Finance minister and NCP(SP) leader Jayant Patil, asked, 'Such huge supplementary demands will put extra burden on the state. If the govt is saying that they have no money for other projects and welfare schemes and state is already under the huge debt, then how they are going to pass such huge supplementary demands?" By tabling this sizeable supplementary budget, the Maharashtra government has shown that it wants to speed up big-ticket projects while also reaching the state's most backward and weaker sections. The focus is on creating better roads, faster urban mobility, stronger rural infrastructure, and wider social safety nets, aiming for balanced growth across the state. First Published: June 30, 2025, 17:27 IST
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Business Standard
30-06-2025
- Business
- Business Standard
Maharashtra govt tables supplementary demands of ₹57,509 cr in assembly
The Maharashtra government tabled supplementary demands of ₹57,509.71 crore in the state legislative assembly on Monday to allocate funds for various schemes and projects. Deputy Chief Minister Ajit Pawar, who is also the state finance and planning minister, presented these demands on the first day of the three-week monsoon session. Supplementary demands are additional funds sought by the government over budgetary allocations. The government has primarily allocated these funds for infrastructure projects such as roads, metro rail, and irrigation schemes, as well as for planning and execution of the upcoming Simhastha Kumbh Mela. The demands include ₹1,600 crore for the Mahatma Jyotirao Phule Health Scheme, ₹1,500 crore for the Sanjay Gandhi Niradhar (Destitute) Grant Scheme, scholarships for students from the backward classes, and overall development of socially and economically weaker sections. The largest allocation ₹11,042.76 crore has been earmarked for grants recommended by the 15th Finance Commission, and it has also made a provision of ₹6,952 crore for public health. Additionally, ₹3,228.38 crore has been provisioned for refunds related to stamp duty surcharge to metro projects, municipal corporations, municipal councils, and Zilla Parishads. The government has allocated ₹1,000 cr for the planning and execution of the Simhastha Kumbh Mela. Of the total supplementary demands, ₹19,183.85 crore was for mandatory expenditures, ₹34,661.34 crore for planned schemes, and ₹3,664.52 crore for centrally-sponsored schemes. Though the gross demand amounts to ₹57,509.71 crore, the net financial impact on the state exchequer is ₹40,644.69 crore, Pawar said. The government has made a provision of ₹2,182.69 crore as margin money loans to cooperative sugar factories under assistance from the National Cooperative Development Corporation (NCDC).
Hindustan Times
13-05-2025
- Business
- Hindustan Times
Hsg societies can soon avail loans for self-redevelopment at concessional rates: CM
Mumbai: Chief minister Devendra Fadnavis on Monday said that cooperative housing societies in the state could soon avail loans at concessional rates to redevelop their properties themselves. 'We have requested union cooperation minister Amit Shah to see if the National Cooperative Development Corporation (NCDC) can provide loans to cooperative housing societies at concessional rates,' Fadnavis said while addressing a seminar on challenges before the cooperative sector at the YB Chavan Centre in south Mumbai. Union transport minister Nitin Gadkari, deputy chief ministers Eknath Shinde and Ajit Pawar and NCP (SP) chief Sharad Pawar attended the event. Though the NCDC's jurisdiction was limited to rural areas, the union home minister had agreed to expand it to urban areas, and a decision on the state's government plea for loans at concessional rates was expected soon, the chief minister said. 'The decision will bring several benefits including loans at concessional rates. It will help housing societies go for self-redevelopment,' he stated. Fadnavis accused earlier governments of ignoring the needs of cooperative housing societies and said his government had not only introduced a self-redevelopment scheme but also provided seventeen types of concessions. 'We are trying to free housing societies from the claws of builders who have been delaying redevelopment projects and denying monthly rentals (to affected apartment owners),' he said. Fadnavis also said that the Maharashtra Cooperative Societies Act (MCSA) had become irrelevant as it did not have provisions to cater to future needs and its provisions were the same for different types of cooperative bodies such as banks, sugar mills, spinning mills and housing societies. 'The act is good, but it has become old and new provisions need to be incorporated to deal with new challenges,' he said, announcing the formation of a committee to study the law in detail and suggest changes. The chief minister also announced the formation of another committee to suggest measures to strengthen existing cooperative bodies. The state government will also be able to undertake financial transactions with cooperative banks, he announced. Sharad Pawar, who addressed the gathering before Fadnavis, expressed concern over the weakening of cooperative bodies in the state and the urgent need to strengthen them. 'There was a time when cooperatives accounted for 80% of the sugar mills in Maharashtra and only 20% were privately owned. Now, the number of private sugar mills has reached 50%,' the veteran leader said. Most of the cooperative banks in Maharashtra were also in poor financial health, he noted. 'As far as cooperative spinning mills are concerned, only 2-3 are functional while the remaining have downed their shutters. We need to understand the problem and provide solutions. Else, the cooperation sector in the state will become history,' the former chief minister warned. He further said that while cooperative bodies were present in Maharashtra, Gujarat, Kerala and Tamil Nadu, Gujarat had left the other states behind. 'Gujarat has gone ahead of Maharashtra. They are more powerful than us,' Pawar said.
