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Maharashtra budget fulfils Mahayuti's promise of farm loan waiver: CM

The Maharashtra Budget for 2026-27 is based on the road map for Viksit Bharat (developed India), Chief Minister Devendra Fadnavis said on Friday. Talking to reporters after presenting the Budget in the assembly in Mumbai, he said it also fulfils the Mahayuti's promise of farm loan waiver made ahead of 2024 assembly polls. The Mahayuti comprises the BJP, Shiv Sena and NCP. In his Budget speech, Fadnavis announced Punyashlok Ahilyadevi Holkar Shetkari Karjmafi Yojna, a loan waiver scheme for farmers under which crop loans of up to Rs 2 lakh till September 30, 2025 will be written off. He also announced a Rs 50,000 incentive for other eligible farmers who are regular in repayments of loans.

The CM also said a centre of excellence in wellness based on Vedic knowledge and traditional music will be established in the Mumbai metropolitan region, while a modern leather art design and production centre will come up in Bandra.  Fadnavis announced that the Mukhyamantri Majhi Ladki Bahin Yojana will continue. The scheme is available to all women aged 21-65 years from families earning less than Rs 2.5 lakh annually.


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