Maharashtra’s state finance minister Sudhir Mungantiwar recently presented the state budget for 2018-19 with an estimated revenue deficit of Rs 15,374 crore. The state government plans to focus on improving infrastructure, boosting agriculture and irrigation facilities and generating employment. The budget has allotted Rs 10,828 crore for road development and Rs 7,235 crore on setting up power infrastructure.
As reported, the government has plans to complete at least 50 irrigation projects in the next fiscal. The budget has further allocated Rs 1,500 crore for the 'Jalyukta Shivar Abhiyan', the programme for water conservation. The scheme seeks to make Maharashtra a drought-free state by improving irrigation facilities and rejuvenating old water bodies. Funds amounting to Rs 2,650 crore were also reportedly announced as incentives for industrial development.