Maharashtra Budget 2023-24: Top money related announcements | Cash-benefit, stamp duty discount, new scheme - Financial benefits

Maharashtra Budget 2023-24: The Maharashtra Budget announced to waiver professional tax for women earning up to Rs 25,000 per month. Earlier, women with a monthly salary of more than Rs 10,000 had to pay professional tax. Each farmer in the state to get Rs 6,000 in addition to the Rs 6,000 given under PM Kisan Samman Nidhi every year.

Updated Mar 10, 2023 | 01:59 PM IST

Photo : ET Now Digital

Maharashtra Budget 2023-24: In its maiden Budget , the Eknath Shinde-led Maharashtra government on Thursday announced a slew of financial aids for the common man. Maharashtra Deputy Chief Minister Devendra Fadnavis , who is also the state’s finance minister, presented the state budget for 2023-24 in the assembly.

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He presented a revenue deficit budget of Rs 16,222 crore in the Legislative Assembly with a total outlay of Rs 1,72,000 crore calling it the first budget of the 'amrit kaal' which is based on 'panchamrit' (five) principles with a focus on farmers, women, youth, employment, and environment.

Maharashtra Budget 2023 – Major Financial Announcements

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Professional Tax Relief for Women: The Maharashtra Budget announced to waiver professional tax for women earning up to Rs 25,000 per month. Earlier, women with a monthly salary of more than Rs 10,000 had to pay professional tax.

Stamp Duty Discount: Women buyers of housing properties will continue to enjoy the 1 per cent concession in stamp duty. However, the condition that she cannot sell a residential unit to a male buyer for a period of 15 years will be relaxed.

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Namo Shetkari Mahasanman Nidhi Scheme: Each farmer in the state to get Rs 6,000 in addition to the Rs 6,000 given under the central scheme (PM Kisan Samman Nidhi ) every year.

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Lek Ladki Scheme: Fadanvis announced the launch of this new scheme under which families having yellow and orange ration cards will be given Rs 5,000 after birth of girl child, Rs 4,000 after Class 4, Rs 6,000 after Class 6 and Rs 8,000 after Class 11. Rs 75,000 will be given to the beneficiary girl after she attains the age of 18 years.

Scholarship for Students: For students of Class 5 to Class 7, the state government has hiked the scholarship from Rs 1,000 to Rs 5,000; Rs1,500 to Rs 7,500 for Class 8 to Class 10 students.

Anganwadi Workers’ Remuneration: It has been hiked from Rs 8,300 to 10,000 and of Anganwadi helpers from Rs 5,500 from the existing Rs 4,425 a month.

Affordable Flights: The Maharashtra Budget proposes to cut VAT on air turbine fuel (ATF) from 25 percent to 18 percent in Mumbai, Pune and Raigad. "This will make travel more affordable, and boost growth," Civil Aviation Minister Jyotiraditya Scindia said.

Maharashtra Budget 2023

Maharashtra Budget 2023 24

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