Maha Budget: CM Fadnavis announces loan waiver for farmers, infrastructure projects
The loan waiver scheme will be applicable to farmers with outstanding debts of up to Rs 2 lakh and whose crop loans have arrears till September 30, 2025.
The loan waiver scheme will be applicable to farmers with outstanding debts of up to Rs 2 lakh and whose crop loans have arrears till September 30, 2025.
The report suggested that to achieve the Viksit Bharat goal by 2047, India may need to significantly increase its tax-to-GDP ratio, primarily through improved tax compliance, as major tax reforms have already been undertaken.
The Budget size rises from ₹1.65 lakh crore in 2025-26 to ₹1.72 lakh crore this year. Capital expenditure has been pegged at ₹26,500 crore, reaffirming the state’s emphasis on asset creation and long-term economic capacity.
The fiscal deficit has been projected at ₹13,595.96 crore, amounting to 2.18 per cent of the estimated Gross State Domestic Product, comfortably within the 3 per cent ceiling prescribed under the Fiscal Responsibility and Budget Management framework.
The revenue deficit was estimated at Rs 22,002 crore, and the fiscal deficit was projected at Rs 75,868 crore, which amounts to 3.84 per cent of the Gross State Domestic Product (GSDP).
Data released by the Controller General of Accounts (CGA) said this translates to 36.5% of the Centre's Budget Estimates (BE) for FY26.
The overall debt of the state has grown at the rate of 15.62 percent annually of the outstanding overall debt between 2019-2023-24, the report tabled in the Assembly on Friday at the close of the session, said.
As per the report, the government has estimated the net fiscal impact of GST rates rationalisation at Rs 48,000 crore on an annualised basis
The Real GDP in Q1 of FY 2025-26 is estimated at Rs 47.89 lakh crore, against Rs 44.42 lakh crore in Q1 of FY 2024-25.
The fiscal deficit for April-June was Rs 2,80,000 crore or 17.9% of the estimate for the financial year ending March 31. As per the government data, total receipts stood at Rs 94.14 lakh crore i.e. 26.9% of this fiscal year's budget target.
