: Tuesday, February 24, 2026 5:48 PM
Mumbai . Maharashtra Chief Minister Devendra Fadnavis on Tuesday presented supplementary demands of Rs 11,995 crore for the remaining period of financial year 2025-26 amid increasing pressure on the state’s finances. Out of the total amount of Rs 11,995 crore, the state government has allocated Rs 3,112.85 crore for the expenditure on electricity duty rebate given to agricultural pumps, power loom and textile consumers in the state, and Rs 803.94 crore has been proposed for incentives to small, medium and large industries and mega projects under the incentive package scheme. The government has proposed to transfer Rs 4,792.02 crore of loan amount received from Asian Infrastructure Investment Bank for the Solar Agricultural Pump Scheme to state power distribution company Mahavitaran. The allocation is aimed at accelerating the government’s plan to use 52 per cent renewable energy by 2030 under its Net Zero mission.
The government has also proposed additional funds of Rs 1,431.05 crore as the Central Government share for the implementation of Jal Jeevan Mission. In March 2025, Ajit Pawar had presented the budget with a revenue deficit of Rs 45,890 crore.
In June 2025, the government presented supplementary demands of Rs 57,509.71 crore, taking the revenue deficit to more than Rs 1 lakh crore.
During the winter session in December 2025, with supplementary demands of Rs 75,286.37 crore, the revenue deficit had already touched the Rs two lakh crore mark. Apart from the revenue deficit of Rs 45,891 crore, Budget 2025-26 estimated Maharashtra’s debt burden to rise to Rs 9.32 lakh crore.
In the supplementary demands presented on Tuesday, the state government has not only refrained from proposing any new and additional expenditure, but has focused entirely on power subsidies for farmers and industry incentives.
Chief Minister Devendra Fadnavis will present the state budget for the year 2026-27 on March 6. He has already announced in the press conference on Sunday that strict measures may be taken to maintain financial discipline.
Earlier, at the annual meeting of the World Economic Forum (WEF), the CM had said that the state is moving towards the target of producing 16 gigawatt (GW) of solar power by the end of this year. The state aims to generate an additional 45 gigawatts of energy by 2032, of which 70 percent will come from solar power. He had said that renewable energy, which was 13 percent four years ago, is projected to reach 52 percent by 2030.
He said that the cost of power supply to farmers has come down from Rs 8 per unit to less than Rs 3 per unit. This change is not only benefiting the farmers, but also reducing the financial burden on industries and families.
Let us inform that the government is making capital allocation for pumped storage hydropower projects with a combined capacity of 5,630 MW with an estimated total investment of Rs 24,631 crore.
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Web Title-Maharashtra: Government presents supplementary demands worth ₹11,995 crore in the Assembly